LayerAI (formerly CryptoGPT) is a Layer2 type blockchain, based on zero-knowledge proofs, designed for use in the development of Artificial Intelligence that allows us to monetize our daily data through data marking for AI.
In modern technological society, data has as much or more value than money. In the last ten years, the management and monetization of data has been the basis on which Big Tech such as Google or Meta have developed.
The sale of user data or its use in advertising is the engine on which these large companies work. This market also represents one of the main problems of the Web2 social networks, Ya que puts user privacy at risk.
With the Artificial Intelligence boom, applications such as ChatGPT, Midjourney or Stable Diffusion have shown that they can do things that seem like magic, however, to do it they need billions of data.
Until now, large companies such as Google or Meta have sold the data collected from their users in the big data markets, bringing in billions of dollars.
LayerAI aims decentralize these data marts, so that each user can monetize the data of their applications and sell them in these marketplaces.
Blockchain, tokenization and data management
Blockchain technology offers users a decentralized means to monetize almost anything they can imagine through the tokenization.
Tokenization has given rise to new models and use cases such as Play to Earn (P2E), with protocols like Axie Infinity allowing users to earn money while they play, or STEPN coining the name Move to Earn.
The problem with these protocols is that it is very difficult for them to be sustainable due to inflation, since there comes a time when it is very difficult for new users to join, so the capital that enters is reduced.
LayerAI aims to offer a solution to this problem, through a complete ecosystem of tools that allows you to create a constant income stream.
What is LayerAI?
LayerAI (formerly CryptoGPT) is a layer 2 of Ethereum, based on the zkRollup technology, designed for the development of Artificial Intelligence projects, which combines AI trading applications with tokenization mechanisms.
LayerAI wants to revolutionize the current data market for AI by giving users the power to monetize their own data through incentives, offering them a complete ecosystem of integrated applications in a variety of popular industries such as lifestyle, music, gaming, dating, traveling and others, where they can decide who to sell their data to.
Among the entire application ecosystem, LayerAI It already has more than two million users already incorporated. This established user base provides a solid jumpstart for potential virality and mass adoption as the general public increasingly embraces AI in daily life.
LayerAI's goal is to provide a solid revenue base that supports the project's payment incentive model so that users gain benefits in exchange for their advanced AI model training data and of high quality, which end up in the global Data Market.
How does LayerAI deliver value?
- The apps participate in a new market in which they can access a large data market.
- Users can decide what to do with their data and make a profit by trading with it.
- Companies from all over the world and from all sectors (health, insurance, finance, advertising or education) can participate in an open market for data “capsules”.
The blockchain allows applications and users new ways to monetize and make their data productive. In this way, new avenues for profit are created.
The use of the ZkRollup to create a layer 2 allows to take advantage of some cheaper rates, with faster and more secure transactions, as well as improvements in privacy.
The result is a project that is installed at the vertex of intersection between traditional technology (Web2) and blockchain (Web3):
- Layer 2 based on zkRollup offers private, secure and scalable transactions. Said Layer2 is built using PolygonCDK technology.
- The “Data-to-AI” engine collects, processes and encrypts data in packets (NFT Data Capsules) ready for implementation in commercial applications.
- Layer Marketplace, a place where you can make the most of the data economy. A P2P market where you can buy-sell data (in the form of datasets for AI training) of users interested in the service. A way to monetize your information by enabling application development and AI. This is where the buying and selling of LayerAI NFT Data Capsules takes place.
- KyotoX, a DEX focused on the development of AI-based solutions.
In addition, LayerAI also offers access to other Web-related services such as:
- LayerVPN, a VPN (Virtual Private Networks) platform designed to operate securely.
- LayerDomain, a domain name system of the ENS type, with which you can access domains of the .ai type.
In this way, LayerAI aims to connect blockchain with the multi-billion dollar data processing and AI sector, offering real business opportunities.
At the same time, users can, for the first time, actively participate in global data markets which, in turn, can benefit from the privacy, security and scalability of the blockchain.
What is the LayerAI ecosystem?
The operation of CrypLayerAItoGPT is based on its ecosystem, which is made up of different integrated components to capture the data, encrypt it, anonymize it, package it and put it up for sale in a global marketplace.
The LayerAI Layer 2 Blockchain
The ecosystem sits on a layer 2 of Ethereum based on zero knowledge proofs (zkRollup). This is where data and transactions are stored.
Data is the asset that drives AI and LayerAI will be the tool that developers will use for high-level AI training.
Data to AI Engine System
The second pillar on which LayerAI is based is the Data-to-AI engine architecture, a solution that allows applications to create value in the form of Artificial Intelligence.
Artificial Intelligence models need to be fed with a huge amount of data in order to offer adequate answers, within the correct context.
The Data to AI Engine architecture captures data entered by connected apps or users, encrypts it, and feeds it into the blockchain, thus making anonymous.
It then categorizes, processes, and packages them. Once the process is complete, it introduces them as commercial packages in global data markets.
Global data marketplace
It is a native Web3 marketplace where apps and developers will be able to monetize data. The goal of this marketplace is to give users back control of their data.
Core Applications
The LayerAI Foundation has developed several core applications that play a driving role in the ecosystem and offer new revenue streams for GPT token holders, as well as various use cases for the same.
Layer AI Launcher
This launcher can be used by any user to start capturing their data within the main LayerAI applications and start monetizing it.
Advantages of LayerAI
Privacy
Although transactions and data packets are recorded in The blockchain, transaction details are completely confidential and no one can access them without the permissions of the owners.
Security
zkRollups and cryptographic technology make it possible for assets and data to remain forever under the control and custody of the user and that no one can appropriate them.
Efficiency
Being developed on a layer 2 blockchain, the cost of transactions and data transmission is much lower and fewer resources are needed.
Scalability improvement
LayerAI processes most of the data and transactions off-chain (since it does it in a layer 2), which improves the Scalability.
Token LayerAI
LayerAI (LAI) is the network's native token and is available as a token Ethereum's ERC-20, Binance Smart Chain's BEP-20 and Arbitrum's ARB-20. Initially LAI was the CryptoGPT token, but with the renewal of the platform they have changed its address, and some objectives thereof.
First of all, LAI is a multi-value gas token, an innovative idea, since it not only serves to pay the protocol's gas fees, but other use cases have been added.
For example, the token also serves to become a validator. In this case, users must stake (or delegate their tokens to a validator) on a node to validate transactions and at the same time receive tokens as a reward.
The tokens obtained as a reward for validating transactions on LayerAI come from the protocol's treasury.
The treasury can deploy its tokens for improve performance or to deal with liquidity events. The treasury, in turn, is fed from certain income funnels of the system and is the medium over which the wealth generated by the AI architecture is redistributed.
LAI Use Cases
As a multi-valued token, LAI has several use cases beyond fee payments and validator rewards:
Discounts
LAI staking allows you to unlock certain discounts in various ecosystem products, especially in the data marketplace.
management
Data miners and users of global data markets can use the LAI token to make instant transactions and obtain immediate liquidity in the data marketplace, avoiding paying currency exchange fees.
NFT Data Capsules
The LayerAI ecosystem is completed with NFT data capsules.
They store the data footprint obtained by data miners. I mean, these are the data packets it creates LayerAI based on data provided by users through your apps.
It is these capsules that are sold on the global data market to developers and companies, who use them to build their own applications.
A part of the income obtained from the sale of the capsules goes to LayerAI's treasury. LAI holders can participate in governance to decide how these funds are implemented within the ecosystem (as explained in the section dedicated to tokenomics).
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