GaiaNet: An Overview of the Project with Airdrop Prospects
GaiaNet is a decentralized AI infrastructure platform that enables the creation, deployment, scaling, and monetization of AI agents.
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On May 28, 2024, GaiaNet secured $10 million in funding from Mirana Ventures, along with venture firms Mantle, ByteTrade Lab, and EVM Capital. According to the GaiaNet team, the funds will be allocated for project development and financing educational tools for students whose academic focus is STEM disciplines (science, technology, engineering, and mathematics).
As AI and blockchain continue to integrate, projects like GaiaNet are poised to become future market leaders. Let’s explore the concept of DeAi and how GaiaNet is bringing it to fruition.
Decentralized AI
The rise of ChatGPT and large language models (LLMs) has revolutionized how we produce and consume knowledge. AI-based applications have evolved from simple chatbots to sophisticated AI agents capable of performing professional tasks.
AI agents are software applications designed to perform specialized tasks autonomously. They can understand a task, create a plan, execute the necessary actions, correct errors, and deliver results.
This level of autonomy requires substantial resources for development. Currently, most AI agents are closed-source and operate on LLMs based on the software as a service (SaaS) model. Popular examples include ChatGPT and Microsoft/GitHub Copilot, both using OpenAI's language model, as well as Duet on Google's Gemini LLM platform.
AI solutions across the sectors. Source: x.com
The centralized nature of these solutions poses a problem, bringing about the following effects:
- Transparency Issues: It is often unclear what data sources are used in creating centralized AI agents, which can result in biased outputs.
- Privacy Risks: Centralized systems collect extensive user data, including queries, IP addresses, and personal information. Security vulnerabilities can lead to data leaks.
- Censorship: Companies may impose censorship on the data generated by AI models.
Decentralized AI solutions address these challenges by allowing for the customization of data sources and ensuring privacy through an uncensorable blockchain.
GaiaNet: Decentralized AI Infrastructure
GaiaNet positions itself as an innovative solution that aims to revolutionize artificial intelligence. According to the developers, the project strives to offer users the ability to:
- Leverage personal knowledge and experience to create AI agents.
- Monetize their AI agents and provide computational power for rewards.
GaiaNet operates on the interaction of three participant categories: node operators, AI agent creators, and users. The primary operational unit of the GaiaNet network is the node. Information provided by each node is hosted on specific domains. A domain operator decides which GaiaNet nodes can be registered in the domain and makes their services publicly accessible. Anyone can run a domain of their own.
Each GaiaNet node has a unique identifier in the form of an Ethereum address. Once a node is successfully registered in a domain, it is eligible to earn revenue for its services. The profits can be channeled to the node’s address or the domain operator's address if the latter chooses to pool the rewards from multiple nodes.
Every GaiaNet domain is associated with a smart contract used to store payments. This is similar to Midjourney’s credit payment model, where users purchase credits first and then consume them over time. The service cost is determined by the domain operator.
How GaiaNet Works. Source: gaianet.ai
Thus, GaiaNet creates a model where node owners provide AI solutions, domain operators manage these nodes, and users monetize the entire network’s operations.
GaiaNet Token
The GaiaNet token is a utility token designed for governance, service payments, and network security. DAO participants use it for voting, users for payments, and stakers to ensure network security.
GaiaNet employs staking to ensure node security. Stakers earn a share of the income from the domain operator’s services but are also subject to slashing as a penalty for generating security risks.
Conclusion: Activities in GaiaNet
Although GaiaNet’s future plans are not confirmed, rumors suggest that the project will launch a testnet in Q3 2024. Until then, airdrop hunters can engage with tasks on the Galxe cryptocurrency quest platform.
By completing quests, users earn loyalty points, which may later determine reward amounts. Additionally, potential rewards can be increased by gaining a significant role on Discord: participate actively in chats, create content about the project, and assist in its development.
Remember: the success of the project or the availability of future airdrops is not guaranteed. Always conduct your own research before making any decisions.
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