AiFi Summit 2024 concluded successfully, TOKEN2049 highlights

Original source: AiFi

The AiFi Summit 2024 Token2049 held at the Grand Hyatt Singapore on September 17th came to a successful conclusion, during which more than 2,000 applicants from top funds and projects, more than 800 attendees, and more than 40 participating projects.

Nansen CEO Alex was invited to deliver a keynote speech on "Compute/AI DePIN vs Alternative Yield-bearing On-chain Assets". He analyzed the asset attributes of DeFi, NFT, nodes, and DePIN from the dimensions of development potential, underlying income, and asset liquidity, and then concluded that computing power hardware is a new underlying income asset, which can conservatively bring more than 30% APR to the chain. GAIB CEO Kony also shared how to share the benefits of computing assets with users through the tokenization and re-staking of GPUs in the AI era, and explained how GAIB became the economic layer of AI by analogy with ETH packaging into stETH and then restaking. Jialin Li, co-founder of Hetu Protocol, and Jiaheng Zhang, co-founder and chief scientist of Polyhedra Network, also delivered keynote speeches on the role of their respective projects in the AI ecosystem.

The first roundtable discussion of the AiFi Summit was themed "AiFi: Financialization of AI & Compute Assets". Core members from the GAIB, ORA, Plume, MetaStreet and Aspecta teams discussed the definition of AiFi, what problems AI-related asset issuance solves that traditional industries cannot solve, and how AiFi can be combined with existing DeFi infrastructure. GAIB CTO Jun mentioned that the blockchain itself is a financial layer that provides liquidity. AiFi actually provides an opportunity to inject liquidity into AI-related assets and bring underlying benefits to on-chain assets, which is more reasonable than some AI and crypto-combined projects.

The second roundtable discussion focused on the opportunities and challenges in decentralized computing power. Project leaders from Aethir, Akash, Hetu, Pingpong, Kaisar and other projects focused on discussing the advantages of decentralized computing over centralized clusters and the financial conveniences it brings to users and computing power holders. Kartik Jain, head of Aethir's ecology, believes that the current entry cost of centralized clusters is high and it is easy to cause an imbalance between supply and demand, while decentralized computing power networks can better balance this and lower the entry threshold for AI startups. Ping Pong's CEO Rosie also said that the DePIN aggregator can inject liquidity into computing power and other DePIN projects, improving efficiency from both the supply and demand sides.

In the third roundtable discussion, project builders from Codatta, OpenLedger, Zettablock, and SuperAlignment provided insights on synthetic data, how to ensure the privacy of data providers, and how to set economic incentives to promote the generation of high-quality data in the network. Codatta CEO Yi said that truly cutting-edge and high-quality data comes from experts and is private data. Codatta will set up different levels for data contributors to evaluate the quality of the data they provide, thereby promoting the training of AI models.

The fourth roundtable discussion focused on the infrastructure for the next generation of AI, including the DA (Data avaliability) layer, the computing layer, and the creator economy layer. Ming Wu, CTO of 0G Labs, also said that 0G is a programmable DA layer. The DA here is different from the DA in the traditional blockchain. It actually provides data storage infrastructure for the construction of AI models on the chain. We also look forward to the emergence of more infrastructure to provide protection for more native AI Dapps.

The guests of the fifth roundtable discussion also put forward profound insights on the cross-application of AI and Crypto. Isabella, co-founder of dappOS, said that how to explain the purpose and vision of crypto x AI in the language of traditional web2 and insist on building even with a small number of users is the key step towards mass adoption.

Supporting Activities AiFi Summit's community partner AiFi Consortium will continue to support the development of the AiFi ecosystem, produce a series of research reports, and promote further cooperation between various AI projects.

About AiFi Summit

The event is co-organized by GAIB, Codatta, PingPong, and GamePlus. It focuses on how to promote AI financialization (AiFi) through blockchain technology and is one of the official peripheral activities of Token2049.

Thanks to the participation and support from first-line investment institutions such as Hack VC, Faction VC, Hashed, The Spartan Group, L2IV, CMCC Global, CoinFund, MH Ventures, Paramita VC, and Polyhedra, Hyperbolic, dappOS, Aethir, Talus, Nimble, Plume, Akash, Public AI, Mira, Open Ledger, Orochi, Super Alignment, Kaisar, ZettaBlock, Metastreet, Ora, IO.net, 0G Labs, Sahara AI, Movement, Monad, Nansen, Aspecta, DNA House, Witness Chain, Exocore and other project parties.

This article comes from a contribution and does not represent the views of BlockBeats.