Andy 🦇 🔊

5+ years online biz. Now creating digestible DeFi content to give you an edge, living a life of adventure, and sharing along the way! Building
@therollupco

[Andy @andyyy]

Our frens at @primex_official are launching their @arbitrum deployment with a few smaller buckets available.

Every project wants to deploy on Arbitrum, and for good reason. Stay tuned tomorrow for more deets 👀

[TinTinLand @OurTinTinLand]

🌐After an enriching experience at @EFDevconnect, @andyyy is thrilled about upcoming investments and interests within crypto industry.

🎯He will delve deeper into modular blockchains, scaling, and onboarding new users & developers.

Check out what he sees and hears👇🏻

[Andy @andyyy]

Two big airdrops today fam: $PYTH & $BLUR round 2

[Andy @andyyy]

a HUGE gm to all 87 of you absolute legends for supporting me in my first gitcoin grant, @arbitrum citizens round #1🤜 🤛

and another HUGE gm to all the 🐧 gang out there

last but not least, a HUGE gm to all the new people who joined the fam post devcon. lets build!

[Andy @andyyy]

@arbitrum And a even BIGGER gm to those who have donated to @therollupco in @gitcoin #GG19

Feels like a bullah market mah famalie 😜

https://t.co/yrmt9XPASI

[Andy @andyyy]

@arbitrum @therollupco @gitcoin For those feeling kind throughout this week of pumps, you can join the round here (no obligations, I’m just a penguin on the interwebs):

https://t.co/IlRbABsBZG

[Robbie Klages @robbieklages]

the local istanbul cafe was graced by the presence of Ser Bridgealot, such a gift to spot his majesty in the city commons

[Eli5DeFi @Eli5defi]

Decoding the Future: The Rise of Decentralized AI and the Emergence of Bittensor

🔷 TL; DR 🔷

→ Artificial intelligence (AI) is a rapidly adopted technology expected to transform society, with centralized AI currently dominating the field.

→ While offering accurate responses, centralized AI carries risks of misuse, biases, data privacy concerns, restricted innovation, monopolistic control, and inefficiencies in resource utilization.

→ @opentensor enables the decentralization of machine learning by establishing a peer-to-peer market for AI models, promoting collective intelligence and collaboration.

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🔷 PSA 🔷

If you'd like a better reading experience with more pictures, relevant information, and references, you can visit our narrative-visual blog.

Just click the link in our bio and you can also subscribe to receive it in your email.

Now, let's dive into the post and enjoy!

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🔷 The Dawn of New Era: The Age of AI 🔷

→ AI rapid adoption surpasses even that of the internet and smartphones, making it a cornerstone of modern technological advancement.

→ From digital assistants to advanced predictive analytics, AI is seamlessly integrating into every facet of our lives.

→ Currently, AI models are predominantly centralized, controlled by major tech ventures as the cost to train the model is expensive.

→ This centralization, while efficient in delivering accurate and intuitive responses, is not without significant drawbacks:

🔹Potential Misuse and Biases
🔹Data Privacy & Surveillance Risks
🔹Siloed Model Development
🔹Monopolistic Nature
🔹Inefficiencies of Resources

→ In response to these challenges, the concept of decentralizing AI has emerged as a beacon of hope.

→ A decentralized AI ecosystem offers numerous advantages:

🔹Promotes Collaboration
🔹Unified Resources
🔹Democratic Ownership
🔹Dynamic Learning Environment
🔹Efficient Resource Allocation

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🔷 Bittensor: A Paradigm Shift in AI 🔷

→ At the forefront of this revolution is Bittensor, a novel platform that decentralizes the process of machine learning. It creates a peer-to-peer market for machine intelligence, fostering a digital hive mind.

→ To simplify things, let's imagine that Bittensor functions on three different layers:

🔹 The Client and Enterprise Layer
→ This is the pseudo-layer where end-users and businesses connect to the network's AI services.

→ This is where applications are created and interact with the underlying AI and Consensus layer.

🔹 The AI Layer
→ The central part of Bittensor's machine learning capabilities. It consists of miners, which are nodes that host and serve the machine learning model.

→ The AI Layer handles neural network operations, AI model training, and inferencing. It enables peer-to-peer interactions among these models.

→ It is also where specialized AI domains, known as Subnets, are located.

🔹 The Consensus Layer
→ The foundation of the Bittensor’s blockchain network based on @Polkadot Substrate SDK.

→ It utilizes Yuma Consensus by Validators to maintain the integrity of the network and ensure secure and verifiable transactions.

→ This layer also implements consensus mechanisms like Proof of Intelligence to validate and record contributions. It then rewards the contributors.

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🔷 The Yuma Consensus, Model Scoring and Mixture of Experts 🔷

→ The Yuma Consensus is a peer-to-peer algorithm that enhances AI abilities over a network. It's adaptable for different needs, making it useful for many uses.

→ Because it's strong and resistant to censorship, AI apps can work more independently and can train with non-biased data.

→ The Yuma Consensus includes a unique mechanism called 'Proof of Intelligence' which rewards valuable machine-learning contributions based on model performance.

→ Bittensor uses game-theoretic scoring methods, such as the Shapley Value, to evaluate model performance.

→ Bittensor uses the Decentralized Mixture of Experts (MoE) to train the model. This model combines the strengths of various neural networks to effectively tackle complex problems.

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🔷 The Subtensor Networks (Subnets) 🔷

→ A subnet in the Bittensor network represents a distinct domain or topic area.

→ Each subnet consists of registered nodes and their related machine learning models.

→ These subnets are essentially smaller parts of the larger Bittensor network, each dedicated to a specific field of machine learning or data processing.

→ Each subnet serves as a building block, providing the foundation for creating countless programs and applications on Bittensor.

→ As AI continues to rapidly advance, we can expect the creation of a multitude of subnets across various domains in the future.

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🔷 TAO: The Cognitive Economy 🔷

→ Bittensor emphasizes decentralization and collaboration through "Knowledge Compounding." This approach expands AI knowledge in a decentralized manner, reducing retraining costs and facilitating adaptability to changing needs.

→ $TAO symbolizes the value of intelligence and knowledge in the Bittensor network. It represents the contributions made by contributors and the quality of their AI models.

→ In the Bittensor ecosystem, $TAO tokens are utilized to incentivize individuals to participate in the Bittensor network.

→ Meanwhile $TAO utilities might to lead to increased demands, such as:

🔹 Create a subnet and participation in governance
🔹 Enable enterprise and client access to machine-learning models
🔹 Engage in ecosystem activities such as node creation, staking, becoming validators, etc.
🔹 Seek incentives and optimistic speculation on AI.

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🔷 Wrapping Up 🔷

→ Bittensor signifies more than just a significant advancement in technology; it marks a fundamental change in our approach to developing AI. By promoting decentralization, it strives to establish an impartial, cooperative, and effective AI ecosystem.

→ As we enter this new period, the possibilities for innovative ideas and changes in AI are limitless (We haven't talked about AGI yet)

→ The future of AI, now decentralized and accessible to all, has arrived hand in hand with Bittensor.

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That’s a Wrap and Thank You!

I'm working on improving this post and my content - would love to hear your thoughts on what you'd like to see more of. Thank you for reading!

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Disclaimer:
None of the content in this post should be interpreted as financial or tax advise.

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Tagged @opentensor team + supporters for review and visibility:
- @const_reborn
- @jameswoodmanv
- @DreadBong0
- @CryptoWizardd
- @RvCrypto
- @MHiesboeck
- @DoctorM_DO

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I want to mention and thank my fellow DeFi Educators who inspire me and consistently provide valuable educational resources!

They are definitely MUST follow!

- @rektdiomedes
- @JiraiyaReal
- @wacy_time1
- @alpha_pls
- @ThorHartvigsen
- @jake_pahor
- @matrixthesun
- @blocmates
- @NickDrakon
- @ReveloIntel
- @crypto_linn
- @DefiIgnas
- @CryptMoose_
- @stakedqueen
- @andyyy
- @Only1temmy
- @CryptoShiro_
- @Flowslikeosmo
-@2lambro
- @takegreenpill
- @stacy_muur
- @splinter0n
- @arndxt_xo

[Andy @andyyy]

Did DC sell his car for ETH as well fam?🙄

[Andy @andyyy]

If anyone knows any skilled golang devs who want to work with an emerging Ethereum centric protocol with tons of upside, please share

This specific opportunity has “very good conditions” according to the team

Happy to connect you or someone you may know for an intro, DM me

[Andy @andyyy]

𝗪𝗲 𝗮𝗿𝗲 𝗿𝗲𝗮𝗰𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝘁𝗶𝗽𝗽𝗶𝗻𝗴 𝗽𝗼𝗶𝗻𝘁 𝗳𝗼𝗿 𝗼𝗻𝗰𝗵𝗮𝗶𝗻 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝘄𝗵𝗲𝗿𝗲 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝗮𝗻𝗱 𝗰𝗿𝗲𝗮𝘁𝗼𝗿𝘀 𝗮𝗹𝗶𝗸𝗲 𝗰𝗮𝗻 𝗴𝗲𝘁 𝗺𝗼𝗿𝗲 𝗯𝗮𝗻𝗴 𝗳𝗼𝗿 𝘁𝗵𝗲𝗶𝗿 𝗯𝘂𝗰𝗸 𝗼𝗻 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗰𝗮𝗺𝗽𝗮𝗶𝗴𝗻𝘀...

You see, one of the biggest challenges facing crypto companies is the ban hammer across the board in major ad networks.

This, coupled with the lack of onchain tracking and attribution, leads to ineffective marketing spend for projects, and lack of feedback and recurring revenue for creators.

𝘉𝘶𝘵, 𝘸𝘩𝘢𝘵 𝘪𝘧 𝘐 𝘵𝘰𝘭𝘥 𝘺𝘰𝘶 𝘵𝘩𝘦𝘳𝘦 𝘢𝘳𝘦 𝘢𝘶𝘵𝘰𝘮𝘢𝘵𝘦𝘥, 𝘰𝘯𝘤𝘩𝘢𝘪𝘯 𝘵𝘳𝘢𝘤𝘬𝘪𝘯𝘨 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘣𝘦𝘪𝘯𝘨 𝘣𝘶𝘪𝘭𝘵 𝘸𝘩𝘪𝘤𝘩 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵𝘭𝘺 𝘩𝘦𝘭𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴 𝘵𝘳𝘢𝘤𝘬 𝘵𝘩𝘦𝘪𝘳 𝘙𝘖𝘐 𝘰𝘯 𝘮𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘴𝘱𝘦𝘯𝘥 𝘸𝘩𝘪𝘭𝘦 𝘴𝘪𝘮𝘶𝘭𝘵𝘢𝘯𝘦𝘰𝘶𝘴𝘭𝘺 𝘩𝘦𝘭𝘱𝘪𝘯𝘨 𝘤𝘳𝘦𝘢𝘵𝘰𝘳𝘴 𝘥𝘦𝘷𝘦𝘭𝘰𝘱 𝘳𝘦𝘤𝘶𝘳𝘳𝘪𝘯𝘨 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘧𝘳𝘰𝘮 𝘳𝘦𝘢𝘭 𝘶𝘴𝘦𝘳𝘴..?

In today's post, I'll take you through a creator's perspective of working with projects for campaigns, where the pitfalls are currently, and a couple cool ways the industry is evolving to improve this broken marketing system 👇

For those of you who don't know, most KOLs get paid on a one-time or token allocation basis (i.e. ambassador work) with no expectation other than to produce the content they agreed to produce.

This causes a lot of friction for creators like myself because there is always an element of trust involved.

Typically, creators ask for payment upfront and projects agree.

But in the case where they don't, its a headache. You have to believe that they will pay after you post, in an unconditional manner.

This leads to fumbled deals as its difficult to find a happy medium, and thus lost revenue opportunities.

From the projects POV, they are wasting time with their outreach and conversations, especially if they do not lead anywhere.

This process involves sourcing, vetting, negotiating, and compensating each influencer or publisher, which can be quite time consuming.

After the thread/video/newsletter goes out, the arrangement is usually finished. The creator does not get any recurring revenues at all, and the project doesn't get any more support (at least, in a formal fashion).

Additionally, both the creator and project struggle to track how their marketing campaigns are generating onchain transactions, and figure out a ROAS (return on ad spend) to come up with quantifiable reports for their CEOs or in the creators shoes, a case study.

Without this crucial data, making informed decisions about marketing budget allocation and resource distribution becomes challenging.

From a creators POV, it can also be difficult to know how to *price* things appropriately as well.

More headaches.

As these issues mentioned continuously lead to inefficiencies in the market, there have been key players working to disrupt these and bring a whole new model to the table.

𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴: @fuul_xyz, 𝗮𝗻 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗮𝗳𝗳𝗶𝗹𝗶𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝗽𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗯𝘂𝗶𝗹𝘁 𝗳𝗼𝗿 𝗰𝗿𝗲𝗮𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗴𝗲𝘁 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗼𝘂𝘁 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝘄𝗼𝗿𝗸.

Fuul provides accurate tracking and rewards for on-chain actions and results. By leveraging blockchain technology, Fuul enables transparent and verifiable tracking of user actions and conversions.

The protocol connects projects and affiliates through a two-sided marketplace, allowing both ends to find and partner with each other, as seen below:

@fuul_xyz offers several powerful features for projects:

1⃣ 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿𝘆: Find new partners and media buying opportunities all within one clean interface.

2⃣𝗣𝗿𝗼𝗴𝗿𝗮𝗺 𝗦𝗲𝘁𝘂𝗽: Easily set up your affiliate program with conversion events and payout rules based on specific preferences tailored for your needs.

3⃣𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗶𝗼𝗻 𝗦𝗲𝘁𝘂𝗽: Define smart contract events or integrate off chain events to help drive the activity you want to see.

4⃣𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝗺𝗲𝗻𝘁: Track click attribution and gain direct ROAS insights in real-time for your marketing department.

5⃣𝗦𝗺𝗮𝗿𝘁 𝗣𝗮𝘆𝗼𝘂𝘁𝘀: Enable seamless rewards for successful referrals in an automated, trust minimized fashion executed by smart contracts.

This means that teams can accurately measure the impact of creator campaigns and reward accordingly.

𝘞𝘪𝘵𝘩 𝘍𝘶𝘶𝘭, 𝘮𝘢𝘳𝘬𝘦𝘵𝘦𝘳𝘴, 𝘊𝘔𝘖𝘴, 𝘢𝘯𝘥 𝘣𝘶𝘪𝘭𝘥𝘦𝘳𝘴 𝘤𝘢𝘯 𝘩𝘢𝘷𝘦 𝘤𝘰𝘯𝘧𝘪𝘥𝘦𝘯𝘤𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘥𝘢𝘵𝘢 𝘵𝘩𝘦𝘺 𝘳𝘦𝘤𝘦𝘪𝘷𝘦, 𝘢𝘭𝘭𝘰𝘸𝘪𝘯𝘨 𝘵𝘩𝘦𝘮 𝘵𝘰 𝘮𝘢𝘬𝘦 𝘪𝘯𝘧𝘰𝘳𝘮𝘦𝘥 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦𝘪𝘳 𝘮𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴.

From a creators perspective, there is opportunity to be rewarded perpetually from these 'conversion' events.

Let me explain...

While @fuul_xyz website is in closed beta (DM me if you want access) there is a list of partners who are open to running campaigns, with specific conversion event rewards.

See @metastreetxyz a very interesting onchain credit protocol with some juicy yields for ETH deposits into different pools on their dApp.

For EVERY conversion event, in perpetuity, you as a creator would get rewarded for your contributions.

For example, on Metastreet now, for each referred wstETH deposit on mainnet, you earn a fee based on their bonus system.
𝘛𝘩𝘪𝘴 𝘮𝘦𝘢𝘯𝘴 𝘢 𝘵𝘩𝘳𝘦𝘢𝘥 𝘰𝘳 𝘷𝘪𝘥𝘦𝘰 𝘮𝘢𝘥𝘦 𝘰𝘯𝘦 𝘺𝘦𝘢𝘳 𝘢𝘨𝘰 𝘤𝘰𝘶𝘭𝘥 𝘴𝘵𝘪𝘭𝘭 𝘣𝘦 𝘥𝘦𝘱𝘰𝘴𝘪𝘵𝘪𝘯𝘨 𝘤𝘰𝘭𝘥 𝘩𝘢𝘳𝘥 𝘌𝘛𝘏 𝘪𝘯𝘵𝘰 𝘺𝘰𝘶𝘳 𝘸𝘢𝘭𝘭𝘦𝘵, 𝘢𝘶𝘵𝘰𝘮𝘢𝘵𝘪𝘤𝘢𝘭𝘭𝘺, 𝘦𝘯𝘴𝘶𝘳𝘦𝘥 𝘣𝘺 𝘴𝘮𝘢𝘳𝘵 𝘤𝘰𝘯𝘵𝘳𝘢𝘤𝘵𝘴.

When you think about it from this POV, its a no-brainer compared to a one time payment for content.

𝗧𝗼 𝗳𝗶𝗻𝗮𝗹𝗶𝘇𝗲 𝗺𝘆 𝘁𝗵𝗼𝘂𝗴𝗵𝘁𝘀 𝗵𝗲𝗿𝗲:

The importance of Fuul for creators and projects looking to optimize their marketing efforts for the most upside is evidently clear.

Traditional crypto marketing methods often struggle with attribution, making it challenging to measure the effectiveness of influencer campaigns. @fuul_xyz solves this problem by providing a transparent and reliable system that ensures every conversion is properly attributed.

Moreover, by accurately tracking conversions and on-chain actions, @fuul_xyz enables creators to see more recurring revenue come in on from conversion events driven from their content.

This creates a win-win situation where both the marketing teams and the creators can maximize their returns and minimize their headaches.

Looking ahead, the future of crypto marketing is changing with the advent of onchain tracking. This level of precision and direct engagement can lead to higher conversion rates and better overall marketing performance (and maybe longer careers for crypto CMOs, lol).

As the space continues to mature, the technological improvements will catch up, leading to more maturity, fiercer competition, and overall a more stable environment for all to benefit from.

By leveraging the power of smart contracts, @fuul_xyz will potentially be able to pioneer a new way marketing campaigns are executed and measured in the crypto space. I am excited to be working with the team to help build out their protocol list, affiliate partners, and with general strategy.

If you know my online marketing background, you know this is right up my alley. Only the OGs know.

𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗰𝗿𝘆𝗽𝘁𝗼 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴, 𝗮𝗻𝗼𝗻.

[Andy @andyyy]

Please like/RT to support, thanks fam 🙏

Then, gib follow @andyyy & @therollupco for more insights into many different verticals in the crypto realm ✨

https://t.co/AXVmv5Q2m7

[Andy @andyyy]

@therollupco My most recent newsletter just went out as well, goes out weekly with some really high quality info for power users, crypto curious, VCs, and builders globally:

https://t.co/Y9p4YlR0Sm

[ישי רוט @moshemiler45]

סטנדרט מגורים בינלאומי חדש בצמוד לשכונת ארנונה הוותיקה בירושלים.
משלמים 5% ואת היתרה בכניסה!

[Andy @andyyy]

Feelin’ iceyyyyy 🥶 @pudgypenguins

[Andy @andyyy]

Finished my deployments. 95% of car sale into ETH. Never been more convicted after Devconnect.

Full sends only fam.

[Andy @andyyy]

Want to know what is like to work with the @ensdomains DAO?

@robbie_rollup and @sadaf_eth break it down for you

For more watch the full interview here 👇🏽

[Andy @andyyy]

It’s gettin’ cold outside, you know what that means 🧊🐧

[ZK Zhao @zk7hao]

3/ panel talks
due to time constraint I skipped most of the talks, s/o to @andyyy for making this compiling thread on interesting talk and keynotes