Rick Thompson

Technology entrepreneur and investor @SigniaVC

[Rick Thompson @rl_thompson]

Invest once, exit thrice. @JustinCie just did it.

Cie Games → Glu Mobile
Cie Studios → Investor exit
Nativo → Life360 (this week)

Unicorn-rare in venture. JC's batting 3.000 with vision, grit & integrity that set him apart.

Honored serving w/ @johnelton & @MeyersGayle.

🎯

[Rick Thompson @rl_thompson]

Bye bye ChatGPT ! Anthropic you ROCK!!

[Stan Kladko 🇺🇦 🇺🇸 🇵🇹 ☮️ @Stan_Kladko]

How AI Will Use BITE Protocol: Two Killers Apps That’ll Blow Your Mind

AI + Crypto = 🔥

Want to know why ? Read below!

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

AI is growing at an unprecedented pace, yet monetization remains a structural weakness.
The BITE protocol directly addresses this by introducing Proof of Encryption: a cryptographic guarantee that data is encrypted and verifiable on-chain.

This capability is essential for building trustless marketplaces where AI outputs, prompts, or tasks must remain private until specific conditions are met.

Two phases of BITE are especially relevant:

Phase 2: Smart Contract Decryption, allowing smart contracts to release encrypted results only under defined conditions.

Phase 3: Threshold Re-Encryption, enabling encrypted assets to be securely transferred between parties without decryption by intermediaries.

These phases power two novel AI use cases: a marketplace for prompts and a real-time AI competition framework.

Use Case 1: Prompt Marketplace

Prompts are like recipes. Just as a chef combines ingredients in unique ways, prompt engineers design word sequences that elicit high-quality outputs from AI systems—stunning art, compelling video, or efficient code.

The problem: once a prompt is shared, its value vanishes instantly. There is no exclusivity or monetization mechanism.

With BITE Phase 3, prompts become digital assets:

1. A creator publishes an AI output (image, video, etc.) to a social network.

2. The underlying prompt is encrypted and stored on the FAIR blockchain.

3. A buyer pays into a smart contract.

4. The contract re-encrypts the prompt so only the buyer can access it.

This establishes scarcity and fair compensation for creators. Prompts become viral, remixable assets that circulate within a trusted economic framework.

Use Case 2: AI Battle Arena

The second use case leverages BITE Phase 2 to create a global, real-time competition framework for AI services.

1. Alice needs an AI-generated video and offers ten dollars.

2. She submits her request to a smart contract, which launches a five-minute contest.

3. Developers worldwide encrypt and submit results to the contract.

4. When time expires, the contract decrypts all submissions simultaneously.

Alice reviews the results, selects a winner, and the smart contract automatically transfers payment.

This system creates a fair model for AI services. Participants cannot copy each other’s work, as encryption hides submissions until the deadline.

The competitive structure drives innovation, speed, and diversity, while automated payment guarantees trust.

To conclude:

The Prompt Marketplace transforms prompts from non-rivalrous information into scarce, monetizable assets—a new class of intellectual property.
|
The AI Battle Arena creates dynamic labor markets where developers and creators compete fairly for tasks, expanding participation in the global AI economy.

Together, these two models demonstrate how BITE can reshape AI monetization.

Prompts become assets. AI tasks become competitions. Proof of Encryption becomes the trust layer for a new economy.

[SPIDER ◾ @spiderr_web3]

back to back god candles on $SKL...

more juice to come as these shorts keep getting squeezed🧃

[Stan Kladko 🇺🇦 🇺🇸 🇵🇹 ☮️ @Stan_Kladko]

The fight is just getting started.

In theaters this FALL.

@FAIR_Blockchain #ethereum #nomaximumextractablevalue

[SKALE @SkaleNetwork]

The future is FAIR AMA! 💠 https://t.co/eNaRw5px2C

[Crypto.Future @GregGolfAce]

@MrBarryCrypto #SKL. Zero gas fees. Perfect for the AI and gaming industry, and every other industry for that matter. Fastest blockchain available, scalability, and instant finality. 11M UAW and rapidly growing. Low MC. Built for mass adoption. What more can you ask for? DYOR. @SkaleNetwork

[Rick Thompson @rl_thompson]

@DavidSacks it’s not just a matter of being old it is a matter of being fit for office. honorable thing is for biden to give up the ghost and resign.

[Rick Thompson @rl_thompson]

@Jurgen80048425 @RepMTG Time to send Marjorie home and put in someone who can get the job done

[Rick Thompson @rl_thompson]

@MattWallace888 You are a useful idiot

[Rick Thompson @rl_thompson]

@JDVance1 There is hope

[Rick Thompson @rl_thompson]

Israel Cherrybombs Iran https://t.co/hf0SJElvvx

[Rick Thompson @rl_thompson]

@JDVance1 very clever. let’s piss off Israel

[Rick Thompson @rl_thompson]

The “Need for Chaos” and Motivations to Share Hostile Political Rumors | American Political Science Review | Cambridge Core - https://t.co/MBLScs9D77

[Barack Obama @BarackObama]

Aleksey Navalny was a fearless advocate for his beliefs who died unbroken by the tyranny he opposed. He fought corruption, inspired millions and never wavered in his insistence on free expression, the rule of law, and a Russia that is accountable to the people and not a dictator. He died in unyielding defense of his vision of a better future for his country - a vision, and a courageous example, that will never die.

[Rick Thompson @rl_thompson]

the #1 choice of game developers

[Jack O'Holleran @jackoholleran]

#SKALE is now ranked number 2 in UAW on the @DappRadar ranking. Well done BUILDERS!!!!

Ahead of some pretty big names....

[Rick Thompson @rl_thompson]

Step Aside Joe!
https://t.co/UqzZvLyxEE

[Rick Thompson @rl_thompson]

for love of God. Joe Biden stand down !!

[Rick Thompson @rl_thompson]

David Owen argues that Joe Biden and Donald Trump are both too old to be president https://t.co/4RKab9GHaB from @TheEconomist

[Rick Thompson @rl_thompson]

David Owen argues that Joe Biden and Donald Trump are both too old to be president https://t.co/4RKab9GHaB from @TheEconomist

[Rick Thompson @rl_thompson]

@LoganCulver6 @RubinReport That doesn’t say much for the stage