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
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 ๐
๐After an enriching experience at @EFDevconnect, @andyyy is thrilled about upcoming investments and interests within crypto industry.
๐ฏHe will delve deeper into modular blockchains, scaling, and onboarding new users & developers.
Check out what he sees and hears๐๐ป
a HUGE gm to all 87 of you absolute legends for supporting me in my first gitcoin grant, @arbitrum citizens round #1๐ค ๐ค
and another HUGE gm to all the ๐ง gang out there
last but not least, a HUGE gm to all the new people who joined the fam post devcon. lets build!
@arbitrum And a even BIGGER gm to those who have donated to @therollupco in @gitcoin#GG19
Feels like a bullah market mah famalie ๐
https://t.co/yrmt9XPASI
@arbitrum@therollupco@gitcoin For those feeling kind throughout this week of pumps, you can join the round here (no obligations, Iโm just a penguin on the interwebs):
https://t.co/IlRbABsBZG
Decoding the Future: The Rise of Decentralized AI and the Emergence of Bittensor
๐ท TL; DR ๐ท
โ Artificial intelligence (AI) is a rapidly adopted technology expected to transform society, with centralized AI currently dominating the field.
โ While offering accurate responses, centralized AI carries risks of misuse, biases, data privacy concerns, restricted innovation, monopolistic control, and inefficiencies in resource utilization.
โ @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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๐ท PSA ๐ท
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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๐ท The Dawn of New Era: The Age of AI ๐ท
โ AI rapid adoption surpasses even that of the internet and smartphones, making it a cornerstone of modern technological advancement.
โ From digital assistants to advanced predictive analytics, AI is seamlessly integrating into every facet of our lives.
โ Currently, AI models are predominantly centralized, controlled by major tech ventures as the cost to train the model is expensive.
โ This centralization, while efficient in delivering accurate and intuitive responses, is not without significant drawbacks:
๐นPotential Misuse and Biases
๐นData Privacy & Surveillance Risks
๐นSiloed Model Development
๐นMonopolistic Nature
๐นInefficiencies of Resources
โ In response to these challenges, the concept of decentralizing AI has emerged as a beacon of hope.
โ A decentralized AI ecosystem offers numerous advantages:
๐นPromotes Collaboration
๐นUnified Resources
๐นDemocratic Ownership
๐นDynamic Learning Environment
๐นEfficient Resource Allocation
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๐ท Bittensor: A Paradigm Shift in AI ๐ท
โ 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.
โ To simplify things, let's imagine that Bittensor functions on three different layers:
๐น The Client and Enterprise Layer
โ This is the pseudo-layer where end-users and businesses connect to the network's AI services.
โ This is where applications are created and interact with the underlying AI and Consensus layer.
๐น The AI Layer
โ The central part of Bittensor's machine learning capabilities. It consists of miners, which are nodes that host and serve the machine learning model.
โ The AI Layer handles neural network operations, AI model training, and inferencing. It enables peer-to-peer interactions among these models.
โ It is also where specialized AI domains, known as Subnets, are located.
๐น The Consensus Layer
โ The foundation of the Bittensorโs blockchain network based on @Polkadot Substrate SDK.
โ It utilizes Yuma Consensus by Validators to maintain the integrity of the network and ensure secure and verifiable transactions.
โ This layer also implements consensus mechanisms like Proof of Intelligence to validate and record contributions. It then rewards the contributors.
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๐ท The Yuma Consensus, Model Scoring and Mixture of Experts ๐ท
โ 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.
โ Because it's strong and resistant to censorship, AI apps can work more independently and can train with non-biased data.
โ The Yuma Consensus includes a unique mechanism called 'Proof of Intelligence' which rewards valuable machine-learning contributions based on model performance.
โ Bittensor uses game-theoretic scoring methods, such as the Shapley Value, to evaluate model performance.
โ 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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๐ท The Subtensor Networks (Subnets) ๐ท
โ A subnet in the Bittensor network represents a distinct domain or topic area.
โ Each subnet consists of registered nodes and their related machine learning models.
โ These subnets are essentially smaller parts of the larger Bittensor network, each dedicated to a specific field of machine learning or data processing.
โ Each subnet serves as a building block, providing the foundation for creating countless programs and applications on Bittensor.
โ 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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๐ท TAO: The Cognitive Economy ๐ท
โ 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.
โ $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.
โ In the Bittensor ecosystem, $TAO tokens are utilized to incentivize individuals to participate in the Bittensor network.
โ Meanwhile $TAO utilities might to lead to increased demands, such as:
๐น Create a subnet and participation in governance
๐น Enable enterprise and client access to machine-learning models
๐น Engage in ecosystem activities such as node creation, staking, becoming validators, etc.
๐น Seek incentives and optimistic speculation on AI.
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๐ท Wrapping Up ๐ท
โ 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.
โ As we enter this new period, the possibilities for innovative ideas and changes in AI are limitless (We haven't talked about AGI yet)
โ The future of AI, now decentralized and accessible to all, has arrived hand in hand with Bittensor.
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Thatโs 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
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 โvery good conditionsโ according to the team
Happy to connect you or someone you may know for an intro, DM me
๐ช๐ฒ ๐ฎ๐ฟ๐ฒ ๐ฟ๐ฒ๐ฎ๐ฐ๐ต๐ถ๐ป๐ด ๐๐ต๐ฒ ๐๐ถ๐ฝ๐ฝ๐ถ๐ป๐ด ๐ฝ๐ผ๐ถ๐ป๐ ๐ณ๐ผ๐ฟ ๐ผ๐ป๐ฐ๐ต๐ฎ๐ถ๐ป ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ถ๐ป๐ด ๐๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ ๐๐ต๐ฒ๐ฟ๐ฒ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐ ๐ฎ๐ป๐ฑ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ผ๐ฟ๐ ๐ฎ๐น๐ถ๐ธ๐ฒ ๐ฐ๐ฎ๐ป ๐ด๐ฒ๐ ๐บ๐ผ๐ฟ๐ฒ ๐ฏ๐ฎ๐ป๐ด ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ๐ถ๐ฟ ๐ฏ๐๐ฐ๐ธ ๐ผ๐ป ๐ฐ๐ผ๐น๐น๐ฎ๐ฏ๐ผ๐ฟ๐ฎ๐๐ถ๐๐ฒ ๐ฐ๐ฎ๐บ๐ฝ๐ฎ๐ถ๐ด๐ป๐...
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.
๐๐ถ๐ต, ๐ธ๐ฉ๐ข๐ต ๐ช๐ง ๐ ๐ต๐ฐ๐ญ๐ฅ ๐บ๐ฐ๐ถ ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ข๐ณ๐ฆ ๐ข๐ถ๐ต๐ฐ๐ฎ๐ข๐ต๐ฆ๐ฅ, ๐ฐ๐ฏ๐ค๐ฉ๐ข๐ช๐ฏ ๐ต๐ณ๐ข๐ค๐ฌ๐ช๐ฏ๐จ ๐ด๐ฐ๐ญ๐ถ๐ต๐ช๐ฐ๐ฏ๐ด ๐ฃ๐ฆ๐ช๐ฏ๐จ ๐ฃ๐ถ๐ช๐ญ๐ต ๐ธ๐ฉ๐ช๐ค๐ฉ ๐ด๐ช๐จ๐ฏ๐ช๐ง๐ช๐ค๐ข๐ฏ๐ต๐ญ๐บ ๐ฉ๐ฆ๐ญ๐ฑ ๐ฑ๐ณ๐ฐ๐ซ๐ฆ๐ค๐ต๐ด ๐ต๐ณ๐ข๐ค๐ฌ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐๐๐ ๐ฐ๐ฏ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต๐ช๐ฏ๐จ ๐ด๐ฑ๐ฆ๐ฏ๐ฅ ๐ธ๐ฉ๐ช๐ญ๐ฆ ๐ด๐ช๐ฎ๐ถ๐ญ๐ต๐ข๐ฏ๐ฆ๐ฐ๐ถ๐ด๐ญ๐บ ๐ฉ๐ฆ๐ญ๐ฑ๐ช๐ฏ๐จ ๐ค๐ณ๐ฆ๐ข๐ต๐ฐ๐ณ๐ด ๐ฅ๐ฆ๐ท๐ฆ๐ญ๐ฐ๐ฑ ๐ณ๐ฆ๐ค๐ถ๐ณ๐ณ๐ช๐ฏ๐จ ๐ณ๐ฆ๐ท๐ฆ๐ฏ๐ถ๐ฆ ๐ง๐ณ๐ฐ๐ฎ ๐ณ๐ฆ๐ข๐ญ ๐ถ๐ด๐ฆ๐ณ๐ด..?
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 ๐
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.
๐๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐ถ๐ป๐ด: @fuul_xyz, ๐ฎ๐ป ๐ถ๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐๐ฒ ๐ฎ๐ณ๐ณ๐ถ๐น๐ถ๐ฎ๐๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ถ๐ป๐ด ๐ฝ๐ฟ๐ผ๐๐ผ๐ฐ๐ผ๐น ๐๐ผ๐น๐๐๐ถ๐ผ๐ป ๐ฏ๐๐ถ๐น๐ ๐ณ๐ผ๐ฟ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ผ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐ ๐๐ต๐ผ ๐๐ฎ๐ป๐ ๐๐ผ ๐ด๐ฒ๐ ๐๐ต๐ฒ ๐บ๐ผ๐๐ ๐ผ๐๐ ๐ผ๐ณ ๐๐ต๐ฒ๐ถ๐ฟ ๐๐ผ๐ฟ๐ธ.
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:
1โฃ ๐๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ๐: Find new partners and media buying opportunities all within one clean interface.
2โฃ๐ฃ๐ฟ๐ผ๐ด๐ฟ๐ฎ๐บ ๐ฆ๐ฒ๐๐๐ฝ: Easily set up your affiliate program with conversion events and payout rules based on specific preferences tailored for your needs.
3โฃ๐๐ผ๐ป๐๐ฒ๐ฟ๐๐ถ๐ผ๐ป ๐ฆ๐ฒ๐๐๐ฝ: Define smart contract events or integrate off chain events to help drive the activity you want to see.
4โฃ๐ ๐ฒ๐ฎ๐๐๐ฟ๐ฒ๐บ๐ฒ๐ป๐: Track click attribution and gain direct ROAS insights in real-time for your marketing department.
5โฃ๐ฆ๐บ๐ฎ๐ฟ๐ ๐ฃ๐ฎ๐๐ผ๐๐๐: 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.
๐๐ช๐ต๐ฉ ๐๐ถ๐ถ๐ญ, ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต๐ฆ๐ณ๐ด, ๐๐๐๐ด, ๐ข๐ฏ๐ฅ ๐ฃ๐ถ๐ช๐ญ๐ฅ๐ฆ๐ณ๐ด ๐ค๐ข๐ฏ ๐ฉ๐ข๐ท๐ฆ ๐ค๐ฐ๐ฏ๐ง๐ช๐ฅ๐ฆ๐ฏ๐ค๐ฆ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฅ๐ข๐ต๐ข ๐ต๐ฉ๐ฆ๐บ ๐ณ๐ฆ๐ค๐ฆ๐ช๐ท๐ฆ, ๐ข๐ญ๐ญ๐ฐ๐ธ๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ๐ฎ ๐ต๐ฐ ๐ฎ๐ข๐ฌ๐ฆ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ฆ๐ฅ ๐ฅ๐ฆ๐ค๐ช๐ด๐ช๐ฐ๐ฏ๐ด ๐ข๐ฃ๐ฐ๐ถ๐ต ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต๐ช๐ฏ๐จ ๐ด๐ต๐ณ๐ข๐ต๐ฆ๐จ๐ช๐ฆ๐ด.
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.
๐๐ฉ๐ช๐ด ๐ฎ๐ฆ๐ข๐ฏ๐ด ๐ข ๐ต๐ฉ๐ณ๐ฆ๐ข๐ฅ ๐ฐ๐ณ ๐ท๐ช๐ฅ๐ฆ๐ฐ ๐ฎ๐ข๐ฅ๐ฆ ๐ฐ๐ฏ๐ฆ ๐บ๐ฆ๐ข๐ณ ๐ข๐จ๐ฐ ๐ค๐ฐ๐ถ๐ญ๐ฅ ๐ด๐ต๐ช๐ญ๐ญ ๐ฃ๐ฆ ๐ฅ๐ฆ๐ฑ๐ฐ๐ด๐ช๐ต๐ช๐ฏ๐จ ๐ค๐ฐ๐ญ๐ฅ ๐ฉ๐ข๐ณ๐ฅ ๐๐๐ ๐ช๐ฏ๐ต๐ฐ ๐บ๐ฐ๐ถ๐ณ ๐ธ๐ข๐ญ๐ญ๐ฆ๐ต, ๐ข๐ถ๐ต๐ฐ๐ฎ๐ข๐ต๐ช๐ค๐ข๐ญ๐ญ๐บ, ๐ฆ๐ฏ๐ด๐ถ๐ณ๐ฆ๐ฅ ๐ฃ๐บ ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต๐ด.
When you think about it from this POV, its a no-brainer compared to a one time payment for content.
๐ง๐ผ ๐ณ๐ถ๐ป๐ฎ๐น๐ถ๐๐ฒ ๐บ๐ ๐๐ต๐ผ๐๐ด๐ต๐๐ ๐ต๐ฒ๐ฟ๐ฒ:
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.
๐ช๐ฒ๐น๐ฐ๐ผ๐บ๐ฒ ๐๐ผ ๐๐ต๐ฒ ๐ณ๐๐๐๐ฟ๐ฒ ๐ผ๐ณ ๐ฐ๐ฟ๐๐ฝ๐๐ผ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐๐ถ๐ป๐ด, ๐ฎ๐ป๐ผ๐ป.
Please like/RT to support, thanks fam ๐
Then, gib follow @andyyy & @therollupco for more insights into many different verticals in the crypto realm โจ
https://t.co/AXVmv5Q2m7
@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
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 ๐๐ฝ