- The report also discloses OKX Ventures' recent investments
in io.net, MyShell, 0G, FLock.io
and 0xscope
SINGAPORE, March 28,
2024 /PRNewswire/ -- OKX Ventures, the
investment arm of leading crypto exchange and Web3
technology company OKX, today published a report titled 'Unlocking
the Infinite Potential of Crypto and AI.' The report
explores the convergence of AI and crypto, a major
trend in the current market cycle that is giving rise to new
applications and innovations encompassing areas like model
training, AI agents, metaverse, gaming and robots as a service.
OKX Ventures anticipates rapid development in the basic
infrastructure and application level of this convergence, leading
to its recent investments in:
- io.net: A
decentralized platform that reduces resource costs and
ensures economic efficiency through token incentives and hardware
aggregation;
- MyShell: An open ecosystem that allows users to train
personalized AI agents using game clips. Currently, MyShell's
GitHub repository boasts 14,900 stars and 13,000 forks, with a peak
daily activity exceeding 100,000, making it one of the most active
communities for creators and users in the field;
- 0G: A highly efficient, secure, and programmable Data
Availability (DA) layer optimized for on-chain AI, aiming to
revolutionize blockchain scalability while maintaining
decentralization and security performance;
- FLock.io: An on-chain AI co-creation platform; and
- 0xscope: An internet protocol that leverages on-chain data and
blockchain industry data to generate data analytics for generating
Web3 entities, a knowledge graph with Web3 recommendation
algorithms and a Web3 data layer for decentralized
applications.
The report highlights the unprecedented growth of the AI space,
underscored by a 581%* year-on-year (YoY) increase in AI computing
company Nvidia's net profit in 2023, as a testament to the
industry's potential. In addition, the report provides a detailed
overview of the potential of crypto and AI, outlining
the vast application scenarios of crypto for AI. This
includes the assetization of crucial components such as:
- AI Agents: For example, MyShell is an open ecosystem
that enables users to train personalized AI agents using game
clips.
- OKX has identified three primary directions for the
future development of AI agents:
- The intelligentization and agentization of assets: This
will expand their use cases and value by empowering them to operate
and interact autonomously.
- Fostering interoperability among agents: This will
elevate the overall performance of the ecosystem by establishing
standards and frameworks that enable smooth interaction and
collaboration among diverse AI agents.
- Build a brand new agent economy system merging AI and
blockchain technology: This is aimed at unlocking a novel
economic model where AI agents play pivotal roles in content
creation, financial services and other domains.
- Decentralized algorithms: An example is
io.net, which reduces resource costs and ensures economic
efficiency through token incentives and hardware aggregation.
- Data: An example is 0xScope, an internet protocol that
leverages on-chain data and blockchain industry data to generate
data analytics for generating Web3 entities, a knowledge graph with
Web3 recommendation algorithms and a Web3 data layer for
decentralized applications.
OKX Ventures Founder Dora Yue
said: "This report underscores our strong belief in the
transformative power of the convergence between AI and
crypto. As we continue to witness unprecedented
technological advancements in both fields, we believe that their
convergence will catalyze a new wave of innovation and efficiency.
Our strategic investments are a testament to our commitment to
support and empower projects that are at the forefront of this
exciting frontier."
*Source: Valor International (February 22, 2024)
For further information, please contact:
Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of global leading
crypto exchange and Web3 technology company OKX, with
an initial capital commitment of USD100
million. It focuses on exploring the best blockchain
projects on a global scale, supporting cutting-edge blockchain
technology innovation, promoting the healthy development of the
global blockchain industry, and investing in long-term structural
value.
Through its commitment to supporting entrepreneurs who
contribute to the development of the blockchain industry, OKX
Ventures helps build innovative companies and brings global
resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
Disclaimer
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SOURCE OKX Ventures