At 8 pm on October 24, in the Chinese Space Say NO to high FDV, how KIP Protocol raises the ceiling of the DeAI track jointly organized by Odaily and KIP Protocol, KIP Protocol CEO and co-founder Julian Peh and Chief AI Strategy Officer Dr. Jennifer Dodgson deeply shared KIP Protocols innovative direction, technical ideas and actual results in the field of decentralized AI. In addition, Space also invited Rocky from Blue Ocean Capital, Cynic from CGV and investor Zixi to have an in-depth exchange on the current situation and development of the DeAI track. The following is a summary of the key points of this Space.
Julian Peh: KIP Protocol’s DeAI vision and pragmatic development strategy for low FDV
Focus on real use cases of DeAI
Julian said that KIP Protocols product development is based on direct solutions to existing problems, always focusing on the connection and collaboration of AI models, data, and applications, and is committed to breaking the isolation phenomenon that is prevalent in the DeAI field. Decentralized AI product development needs to focus on the collaboration of models, data, and applications, especially in a trustless environment to achieve shared interests among all parties. KIP Protocols decentralized platform is committed to promoting the actual implementation of AI applications, realizing real use cases, and making decentralized AI products not just technical concepts, but solutions with real commercial value.
Decentralized data interaction and profit sharing
To achieve widespread use and commercialization of AI products, it is necessary to ensure the circulation of decentralized data and the sharing of benefits among all stakeholders. This means that KIP Protocol not only provides the connection between data and models, but also establishes a credible profit distribution mechanism. For example, when users purchase or use AI services, funds will be reasonably distributed among App developers, model makers, and data owners in a decentralized manner. This design breaks the limitations of centralized AI products and gives all parties a fairer profit mechanism.
A pragmatic approach to low FDV
KIP Protocol has chosen a pragmatic financing method to avoid the problems caused by high FDV. Many DeAI projects have high market value and low circulation due to over-reliance on high financing, but lack practical application. KIP Protocol focuses on solving specific problems existing in the market and accumulating revenue in the early stage, ensuring the sustainability of the project through steady business growth. At present, the team has established cooperation with large institutions, and KIPs technical framework has supported national-level deployment applications, which will bring a more solid customer base for the project in the future.
KIP Protocols three core application areas
Julian further shared the core application direction of KIP Protocol:
- Education: KIP Protocol manages a $10 million fund through cooperation with Open Campus to promote the implementation of the decentralized educational AI application OCU. This project has attracted professors from many internationally renowned universities to participate, aiming to share educational resources and knowledge data in a decentralized manner.
- Entertainment: KIP Protocol provides decentralized AI support for Moemate, a Web2 social entertainment platform with over 3 million users, and further expands the possibilities of AI in the entertainment field by establishing a virtual love chat robot. Love robots have extremely high user stickiness, and their entertainment experience is similar to that of games, bringing users a unique emotional interaction experience.
- Trading field: KIP Protocol has also invested in decentralized data support and analysis, providing traders with decentralized applications for data analysis and decision support.
Dr. Jennifer Dodgson: Building a “highway” for the DeAI ecosystem
Ecosystem connectivity
Dr. Jennifer Dodgson explained the ecological vision of KIP Protocol in detail: Currently, most AI components are isolated from each other, and KIP Protocol is committed to establishing an environment where AI and AI are interconnected. Through the decentralized characteristics of Web3, KIP Protocol realizes the modular combination of AI components, so that each module can be interconnected. This modular design enables AI developers to not only connect components on the platform, but also obtain economic benefits, thereby promoting cooperation and development in the field of decentralized AI.
Building a decentralized AI “highway”
Dr. Jennifer Dodgson described KIP Protocol’s “Highway” solution, which is a comprehensive AI trading ecosystem that realizes the value exchange of AI models, data and applications on the chain. This means that whether it is model developers, data providers, or application builders, they can obtain corresponding economic returns through the KIP Protocol platform, establishing a fair distribution system based on decentralization.
Innovative data incentive mechanism
In addition, KIP Protocol has also innovated at the data layer. The platform guides users to provide private domain data through a token incentive mechanism, while ensuring data privacy and control. KIP Protocols decentralized data framework has been applied to projects of governments and large organizations, aiming to maximize the value of personal data and ensure that data providers can participate in and benefit from the training and deployment of AI models.
Other guests’ insights
- Rocky (Blue Ocean Capital): Rocky believes that one of the keys to the DeAI track is how to protect and incentivize users to provide personal data. Through the private data incentive mechanism, DeAI can unleash huge market potential. In addition, he pointed out that the development of DeAI applications depends on a positive ecological cycle, and KIP Protocols efforts in this regard are of great significance to the industry.
- Cynic (CGV): Cynic analyzed the different roles of computing power, algorithms, and data in the DeAI track. He believes that the future development trend of DeAI applications is more inclined to market demand and generative AI that is close to users. He also reminded entrepreneurs in the DeAI track to pay attention to the diverse background of the team to enhance the adaptability of the project between Web3 and Web2.
- Zixi (Investor): Zixi proposed that the financing of DeAI projects should focus on telling unique project stories and forming a stable business model. KIP Protocols pragmatic financing strategy sets an example for the industry, establishing healthier market expectations by avoiding excessively high market capitalization.
Summary and Future Outlook
KIP Protocol has demonstrated the commercial potential and technical advantages of decentralized AI through its exploration and practice in different application fields such as education, entertainment and trading. From ecosystem construction to trustless trading framework, every step of KIP is laying the foundation for the popularization and application of decentralized AI, showing KIPs leading advantage in the DeAI field. With the implementation of various applications, KIP Protocol has injected new impetus into the DeAI field and will continue to promote the application of decentralized AI around the world.
Listen to Space: https://x.com/OdailyChina/status/1849062501855678542
