8 months ago
PRESS RELEASE. Hong Kong, 1 February 2024 – KIP Protocol, the Web3 basal furniture for artificial quality (AI), has successfully closed its strategical backing circular led by Animoca Ventures.
KIP Protocol builds unafraid and gas-efficient Web3 infrastructure that makes it imaginable for AI creators – whether app developers, exemplary makers oregon information owners – to:
- deploy their enactment connected Web3, frankincense retaining afloat ownership,
- interact and transact with different AI assets and
- monetise without losing power implicit access.
Using KIP Protocol, AI app developers tin easy make decentralised apps linking to a wide assortment of models (whether on-chain oregon off-chain), drafting information from decentralised cognition bases to supply retrieval-augmented procreation services, with idiosyncratic gross being distributed automatically and transparently to each contributors connected chain. An aboriginal alpha of KIP Protocol’s codification was a prize victor astatine Chainlink’s 2023 Fall Hackathon.
KIP’s halfway ngo is to spawn a vibrant concern ecosystem of autarkic AI apps, models and cognition bases, collaborating and competing freely to antagonistic the increasing AI monopoly of tech giants.
This Animoca Ventures-led circular besides saw information by an particularly divers radical of concern DAOs, Web3 assemblage leaders, and funds crossed aggregate geographical territories, including B.Army (Vietnam), CSP DAO (EMEA), MQdao, Spicy Capital (Latin America), Skyvision Capital (HK), and Purechain Capital (UK), to sanction conscionable a few.
The diverseness of KIP Protocol’s investors reflects its purpose of expanding entree and information rights to arsenic wide a radical of users and token-holders arsenic possible, reflecting the overarching power of AI crossed each spheres of quality activity.
Driving AI Decentralization: A Shared Vision
Central to the KIP Protocol imaginativeness is protecting the integer spot rights of worth creators successful AI done Web3, opening a way to just monetisation for adjacent the smallest AI creators.
James Ho, Head of Animoca Ventures, commented that, “KIP Protocol’s goals of creating a much competitory playing tract for each AI creators are powerfully aligned with Animoca’s imaginativeness of a much equitable Internet underpinned by existent integer spot rights.
We astatine Animoca Ventures are focused connected uncovering and supporting innovative caller teams successful Web3 and the KIP Protocol squad boasts a unsocial blend of heavy AI credentials, Web3 experience, and concern savvy. We are delighted to beryllium an aboriginal backer successful their quest.”
Dr. Jennifer Dodgson, Chief AI Officer and Co-Founder of KIP Protocol, commented that, “We judge that AI advances fastest done cheap, small-scale experimentation and evolutionary pruning. With the assistance of Animoca Ventures, we purpose to make a aboriginal successful which everyone has the imaginable to physique the adjacent GPT.”
Julian Peh, CEO and Co-Founder of KIP Protocol, added that, “AI could beryllium the astir almighty technological unit driving humanity’s advancement successful the future. Everyone, not conscionable tech giants, should beryllium capable to reap the economical benefits of the AI-driven era. KIP Protocol was calved from the necessity to re-level the playing tract for each AI contributors, irrespective of their size.
We are grateful to Animoca Ventures, and our planetary radical of investors for their enactment for our mission.”
KIP Protocol is gathering a three-layered architecture, powered by the $KIP token, to safeguard the ownership rights of each cardinal stakeholders – exemplary maker, app developers, and information owners, and empower them to monetise safely, securely and efficiently, thereby serving arsenic a catalyst for the adoption of decentralised AI.
The motorboat of the archetypal dApp connected KIP Protocol is planned for Q1/Q2 2024.
About KIP Protocol
KIP Protocol builds Web3 infrastructure for AI app developers, exemplary makers and information owners, empowering casual deployment and monetisation of AI assets portion maintaining afloat ownership rights.
KIP solves mission-critical challenges faced successful decentralised AI deployments, with an purpose to jumpstart wholly caller concern ecosystems, and guarantee the economical benefits brought astir by AI tin beryllium enjoyed by all.
Founded and helmed by AI and concern veterans, KIP aims to beryllium a catalyst for the wide adoption of decentralised AI.
To larn more, sojourn www.kip.pro oregon travel them connected X @KIPProtocol
For media inquiries, interaction [email protected]
About Animoca Ventures
Animoca Ventures is the task concern limb of Animoca Brands, a planetary person successful integer entertainment, blockchain, and gamification.
Animoca Ventures specialises successful early-stage investments successful Web3 and blockchain companies and projects.
It serves arsenic the pulse of Animoca Group, moving astatine the frontlines to observe caller cutting-edge projects and trends successful the Web3 space.
This is simply a property release. Readers should bash their ain owed diligence earlier taking immoderate actions related to the promoted institution oregon immoderate of its affiliates oregon services. Bitcoin.com is not responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful the property release.
English (US) 