Today let’s talk about @KIPprotocol KIP Protocol ———— KnowledgeFi, monetizing knowledge and getting rewarded for your hard work.
Project Description
@KIPprotocol is a decentralized underlying protocol built for AI app developers, model makers, and data owners, allowing them to transact and monetize securely in Web3. KIP enables valuable knowledge and data to be protected and monetized as knowledge assets, ensuring interaction with AI without losing ownership.
For AI app developers, model makers, and data owners, KIP is critical for decentralized deployment and monetization in Web3.
I have come across this project from time to time when I was researching AI projects before, and I was very impressed. It can be said that it has a good user popularity in the English area. In the dRAG track of Crypto AI, KIP is in the leading position.
project financing
I looked at KIPs financing background. Animoca Ventures led the investment, followed by MH Ventures and other VCs. As we all know, Animoca is a leading VC in the blockchain industry and has participated in the investment of many projects. James, the head of Animoca Ventures, has also interacted with KIP many times and strongly promoted the importance of KIP in their AI Portfolio.
MH_Ventures is a leading VC in AI depin, and has invested in a large number of AI depin projects on the market. With the support of these two VCs, KIP has a good financing background, and it is only early-stage financing.
In addition, KIP won the Tencent Cloud Award at the Chainlink Hackathon in 2023. What does this mean? This project was started during the bear market last year and won the Ecosystem Hackathon Award. Many good projects have emerged from hackathons. For example, Stepn and io.net are the champions of the Solana Hackathon. If KIP had participated in the Solana Hackathon, he might have attracted more attention.
Team Background
The KIP team brings together senior PhDs and technical experts dedicated to AI research, all of whom are relatively Crypto-Native. They also have deep professional backgrounds and rich experience in the fields of Web3 and AI. They are committed to promoting the decentralization of AI and becoming an accelerating catalyst for the decentralized AI wave.
@julian_KIP Julian is the CEO and co-founder. Julian Peh graduated from the Faculty of Law at the National University of Singapore. In 2017, he joined ADITUS Network as a co-founder and started his first venture in the Crypto field. Since then, as a continuous entrepreneur in the Web3 field, he has established the Web3 investment consulting company Immersion, and has invested in the financial technology company TranSwap and the artificial intelligence consulting company Eigenform as an investor. You can read the previous interview with him by Chaincatcher to get a more comprehensive understanding of how he and KIP are promoting decentralized AI: https://www.chaincatcher.com/article/2126463
Julians LinkedIn https://www.linkedin.com/in/julianpeh/
@HumanLevelJen Dr Jennifer Dodgson is a computer scientist with a PhD. She is well-known in the fields of computational linguistics and AI, and has worked as a consultant in LLM (natural language processing) for governments, businesses, and large organizations.
Dr Jennifer Dodgsons linkedin https://www.linkedin.com/in/jennifer-dodgson-21642a23/
product
KIP is unique in that it solves three fundamental problems that AI model makers, App developers, and data owners will face when trying to decentralize.
1. On-chain/off-chain connection
2. Monetization and realization
3. Ownership and security issues
KIP Protocol is the worlds first Web3 protocol that supports decentralized RAG (Retrieval Augmented Generation) solutions. RAG is a complex and innovative technology used in generative AI that enables AI models to generate answers that they did not know by retrieving data and information from external knowledge bases and databases. This technology provides a level playing field for all value creators to fight against AI industry monopolies, allowing AI to function effectively through the collaborative efforts of millions of small and large creators without the need for a large company to coordinate every core function.
KIP tokens will be used as the currency of the entire protocol, and the KIP token pledge system will ensure transaction transparency and fairness. Ecological participants need to pledge KIP tokens, and if they do something bad, they will be punished. This provides users with a safe and reliable environment, ensuring the entire process from model training to results transformation, and ensuring fairness and transparency.
Decentralized RAGs like KIP are particularly useful in areas that require up-to-date and sensitive data sources, such as gaming, education, healthcare, and asset management.
For example, a neurologist uses a fine-tuned large language model (LLM) trained on the Netter Anatomy Atlas and Gray Anatomy to consult with a patient with neurological symptoms and retrieves patient data through dRAG to provide anatomical insights, differential diagnosis, and treatment options.
Another use case is in the field of education. In an era where people are facing fragmented attention, AI can greatly help learners. Educators can clone their expertise into digital twins and monetize their knowledge 24/7. Students only need to pay $1 to get an instant answer instead of spending $100 on textbooks. It is worth noting that KIP has officially announced a strategic cooperation with the education platform Open Campus and launched the product Open Campus U to jointly promote educational innovation based on KIP Protocol.
KIPs philosophy emphasizes the transformation of educators teaching methods, not just imparting knowledge, but owning and monetizing intellectual property in a more flexible way. It aims to completely change the traditional education system by integrating innovative teaching methods and technology.
Decentralized RAGs provide new monetization possibilities for individual contributions to datasets and AI models, promoting the development of a fairer AI ecosystem.
Users like KIP because it aims to break the monopoly of existing AI giants on data and models, allowing AI developers, model creators, and data owners to participate and profit fairly. This helps promote the democratization of AI, using SFT (semi-fungible tokens) to represent the ownership of AI models, algorithms, and data sets. Data owners can sell the right to use data without losing ownership, thereby protecting privacy and gaining benefits.
KIP provides tools and frameworks for AI app developers, model makers, and data owners to support them in migrating applications to Web3, better developing products, and realizing monetization, which is conducive to promoting AI innovation and commercialization. It not only focuses on technology development, but also strives to build a healthy ecosystem to ensure that all AI industry participants can benefit from it and promote the development of the entire industry.
timeline
You can view the KIP Protocol timeline at https://www.odaily.news/search/KIP%20Protocol .
On February 1, 2024, KIP Protocol, a Web3 foundation layer focused on AI, announced the completion of a strategic round of financing, led by Animoca Ventures, with participation from B.Army (Vietnam), CSP DAO (Europe, Middle East and Africa), MQdao, Spicy Capital (Latin America), Skyvision Capital (Hong Kong) and Purechain Capital (UK). KIP Protocol protects the digital property rights of AI value creators through Web3, aiming to promote the common goal of decentralized AI.
On April 27, 2024, KIP Protocol, a Web3 base layer protocol focused on AI, announced on the X platform that it would launch an exclusive KIP SBT as a reward for community members who completed at least 7 cycle characters in the first season of the Genesis event. This SBT is combined with subsequent KIP token airdrops, pre-sale priority, early experience of KIP and partner-related projects, and increased chances of subsequent draws.
On May 28, 2024, KIP Protocol, a Web3 base layer protocol focused on AI, announced on the X platform that The Uprising event has been launched. Users can complete tasks, collect bonuses and accumulate points. A portion of the KIP token supply will be allocated specifically to this event.
KIP recently announced major product progress: On June 12, 2024, KIP Protocol, a decentralized underlying protocol focused on AI, announced a partnership with Open Campus to launch the Open Campus U (OCU) platform. As the official AI partner of Open Campus, KIP Protocol will introduce decentralized AI learning to the EDU chain. Through the dRAG technology solution provided by KIP Protocol, learners can get a customized learning experience and interact with top entrepreneurs and scholars such as Brian D. Evans. OCU provides an intelligent learning environment and has become a learning platform that can support millions of users.
Token Economics
As the only token in the KIP ecosystem, $KIP has functions such as trading, governance, community incentives, and participation in Launchpad. The total amount is 10 billion, of which 21% of the ecosystem fund is used to reward ecosystem builders, various promotional activities, and community rewards.
Institutional owners (operating expenses, private placements, strategic sales, advisors and teams): 39%
Ecosystem stakeholders (node operators, liquidity, ecosystem fund and treasury) 61%
How to participate
Finally, let me talk about the code of wealth. Because KIP has not issued coins yet, I specially looked up how to participate, and found that the NFT of the first airdrop has soared! It rose by 69.0% in a week. And KIP’s latest Season 2 event is called The Uprising: https://x.com/KIPprotocol/status/1795108478911988141 . This is an airdrop event that started on May 27. The registration link (you can get 200 points directly): https://uprising.KIP.pro/join?ref=VG4G5C
Zero threshold to participate, complete simple interactive tasks to earn points, and exchange for token airdrops in the future. Multiple points bonus rules, such as holding blue-chip NFTs such as Azuki and BAYC. Invite system, invite people to get points rebate and points bonus, and the more people, the higher the bonus.
KIP is very strong in terms of both background and technology. The airdrop is completely free. Such opportunities are rare and should not be missed. I also found a Chinese tutorial. You can easily get started and become a participant in decentralized AI: https://mirror.xyz/0x420640795953C325F5092B633228A111774ee430/EL9Kch27ZMURqqQCrOoJ18QLpSDgp9rnKfF477RlILY
If you have any questions, you can also join their official Chinese TG for help: https://t.me/KIPProtocol_CN
