Singapore, July 17, 2024 – KIP Protocol, Web3 Foundation Layer for AI, announced a major partnership with leading AI-Agent platform Moemate.

This collaboration will enable Moemate to integrate its more than 3 million users into Web3 and use KIP Protocol's specially designed decentralized infrastructure. Moemate will serve as the flagship project for KIP's new AI Alliance, demonstrating KIP's ability to handle large-scale deployments, as well as setting new standards for scalability, security and ownership in AI interactions.

The AI ​​agent market is projected to reach $51 billion by 2030, with a compound annual growth rate (CAGR) of 40.7%; This partnership puts KIP Protocol at the forefront of a rapidly expanding industry. By addressing critical data privacy and user control concerns, KIP's technology is poised to transform traditional AI services and drive the transition to decentralized AI solutions across various industries.

Empowering Users with Next Generation AI Assistants

Moemate is a leading AI agent platform that is building a broad AI Assistant ecosystem, from interactive chatbots to mixed reality AI Assistants in augmented reality (AR) and virtual reality (VR), to personalized AI assistants and AI NPCs in games. Moemate is a leading player in the “Entertainment AI” space with over 3 million users and has a roadmap with many more exciting features that will enable the community to create, own and monetize more advanced and useful experiences.

Seamlessly Combining Web2 and Web3 AI Users

KIP Protocol's Web3 infrastructure addresses decentralization challenges of distribution, connectivity, and monetization, enabling rapid creation and monetization of decentralized AI products. This is effective in ensuring broad adoption, from large government agencies to established Web2 and Web3 platforms. KIP Protocol, a pioneer in the Decentralized Retrieval Augmented Generation (D/RAG) space and winner of the Chainlink Fall 2023 Hackathon, has set new standards for decentralized AI.

Moemate's AI platform will gradually decentralize their architecture using KIP Protocol's tools and infrastructure, seamlessly integrating Web2 AI users into the Decentralized AI ecosystem on Web3.

This partnership includes the following practices:

● Fully compatible account abstraction allows users to interact freely across both the Moemate and KIP ecosystems.

● Tokenization, splitting and trading of characters, skills and models.

● Community-supported investment and crowdfunding of popular AI assets – users will be able to buy shares in their favorite chatbots and receive a portion of the revenue.

● Payment options in fiat or cryptocurrencies.

By combining Moemate's expertise in creating immersive, personalized user entertainment experiences with KIP Protocol's cutting-edge decentralized infrastructure, this partnership sets a new standard in the industry for user privacy, security and digital interaction ownership.

Reshaping the AI ​​Landscape with KIP Innovation

This collaboration marks a significant achievement for KIP Protocol and demonstrates its scalability and real-world applications. By supporting Moemate's large active user base, KIP showcases the ability to handle large-scale integrations and deliver innovative features such as tokenized experiences and user-owned AI assistants.

Julian Peh, CEO of KIP Protocol, commented:

“At KIP Protocol, our system has been meticulously designed by AI developers for AI developers and has a powerful and advanced infrastructure that can support the largest builds like Moemate. We believe the decentralization of AI is the catalyst for true innovation for all AI developers. “Moemate is a big win for KIP and we look forward to providing a great user experience to its users and supporting Moemate with all the resources of the KIP ecosystem.”

Ahad Shams, Founder of Moemate, adds: “At Moemate, we are focused on building the future of entertainment with AI. We believe that AI enables completely new experiences and interactions. Our goal is to build the right tools, platforms, and infrastructure that will enable the community to seamlessly create, own, and monetize next-generation experiences with millions of users across every channel. “Our partnership with KIP enables us to foster a community-supported ecosystem and ensure community ownership.”

About KIP Protocol

KIP Protocol builds Web3 infrastructure for AI application developers, model builders, and data owners, ensuring easy distribution and monetization of AI assets while maintaining full ownership rights.

KIP is a pioneer in the field of decentralized Return Augmented Generation (D/RAG) and the winner of the 2023 Chainlink Hackathon. This D/RAG expertise is integrated into a framework called KnowledgeFi, which uses AI to monetize Knowledge Assets.

KIP aims to launch completely new business ecosystems by solving critical tasks encountered in decentralized AI deployments and ensure that the economic benefits brought by AI are shared by everyone.

Founded and led by experienced AI PhD holders and technology business experts, KIP aims to be a catalyst for widespread adoption of decentralized AI.

For more information, visit www.kip.pro or follow @KIPprotocol on X. For media inquiries, contact press@kip.pro.

About Moemate

Moemate is a leading AI Agency platform that delivers personalized, interactive experiences through its end-to-end stack.

From chatbots to computer-controlled mixed reality AI agents, Moemate's technology is compatible across devices and apps. With its rapidly growing user base, Moemate aims to unlock the potential of collective intelligence and enable users to create personalized AI assistants, including chatbots, discord/telegram bots, AI NPCs in games, Virtual Assistants, and even embedded in AR/VR with features like voice cloning and image generation. It aims to create experiences.

Visit www.moemate.io and follow @MoemateAI on X.