Today we continue to introduce an interesting project, which is also an information index product that combines AI + blockchain data direction. I should have seen a GRT before. I think it is a good idea. And this RSS3 one, the current market value is still very low. It has only 40 million U.S. dollars and ranks 400+. If it can rise to the same market value as GRT's current market value of 800 million U.S. dollars, there will be 20 times the space here, so let's take a look.
Introduction
RSS3 is an open network information distribution protocol designed to provide a decentralized information indexing infrastructure for AI, search and social networking. RSS3 Protocol's slogan is to provide "information summary (Feed) for the next generation of Internet". RSS3 was founded by Natural Selection Labs in May 2021 and released a test network in September. It has currently launched products such as Web3 Pass (user profile) and Revery (information tracking and social platform). In December 21, it received investment from Coinbase Ventures and Dragonfly Capital investment from well-known institutions.
The protocol can index data directly from various blockchains and decentralized networks. Through a set of simple and easy-to-use APIs, users can easily access the data sources of decentralized networks. The standardized data format provided by the RSS3 API ensures users can quickly and easily access various Web3 content sources.
RSS3 is committed to becoming a bridge between Web3 and AI technology by providing free, efficient and secure decentralized information flow. It also hopes to promote AI-driven applications in social, financial, e-commerce and other fields through technological iterations. development.
background
The original intention of RSS3 was to solve the information ownership problems caused by centralized social media platforms.
The founder, Joshua, is a serial entrepreneur and the founder of "Juju", one of the first domestic ClubHouse-like products.
RSS3 aims to create a decentralized open information layer to build an open Internet by promoting the free flow of open information.
The name of RSS3 comes from "RSS" (Really Simple Syndication, also known as aggregated content) - the first information distribution protocol to achieve large-scale application.
RSS is a web information feed that allows users and applications to access updates from a website in a standardized, computer-readable format. RSS3 co-founder DIYgod said the RSS in the name is a nod to the history of the protocol. The "3" in the name RSS3 stands for Web3.
Initial product-user profile + information aggregator
The products previously launched by RSS3 are mainly Web3 Pass and Revery. The former is a user profile file similar to a Facebook personal homepage, and the latter is an information summary aggregator.
（1）Web3 Pass
Web3 Pass obtains the user's on-chain footprint by connecting to the wallet and verifying the user's signature. Verification of Ethereum and BSC addresses is initially supported. After the user clicks to add a new account, they "sign" the message through MetaMask or Wallet Connect, which confirms ownership of the specific account.
After an address is verified, its associated assets will be stored in an RSS3 file and displayed on the profile page through Web3 Pass. Currently, Web3 Pass supports displaying on-chain addresses, domain names, POAP footprints, donations (such as which projects are supported in Gitcoin donations), etc. Users can drag, drop and arrange these assets and information at will, and can also choose to hide footprints or assets they do not want to be made public.
Web3 Pass also provides a name service - RNS, similar to Ethereum Names (ENS), but provided by the RSS3 protocol. Users with RNS can generate a personal RSS3 address link. After displaying the link in a "conspicuous" location such as Twitter, others can view and follow your personal profile at any time.
According to the RSS3 team, RNS is non-transferable and will not expire. Registering for RNS requires burning 1 PASS token. PASS tokens can only be obtained through the whitelist. The whitelist application is currently closed. In the introduction to Web3 Pass, in response to a question about "whether airdrops will be given to early users of Web3 Pass," the RSS3 team stated that it was "still under discussion."
（2）Revery
Revery is an aggregator for viewing subscription information. It is the "minimum viable product" of RSS3. It was released on December 25 last year and is currently running on the RSS3 Pre node.
After a user "follows" a certain number of users based on searches or recommendations, the latter's updates will be displayed on this page. At the same time, Revery provides a filter function, and users can choose to view only specific categories of information such as NFT, donations, and footprints as needed.
The information recommendation algorithm of social networks has always attracted widespread attention. Revery provides two recommendation methods: "Featured" and "Explore". The former is information sources selected by RSS3 protocol, and the latter is random recommendation. However, the specific algorithm mechanisms of the two recommendation methods have not yet been made public.
It is worth noting that Revery’s information sources are not limited to Web3 concept platforms such as Ethereum. According to the RSS3 team, in addition to on-chain networks, social platforms such as Mastodon (called "Mammoth" in the Chinese community) and Misskey (decentralized Weibo platform) that are built in a federated manner but are not based on blockchain networks are also are included, as well as centralized platforms such as Twitter that relatively respect user data ownership are also covered.
The RSS3 team's standard for this is: "As long as ownership of the data is verifiable and indexable, the RSS3 network will treat it as part of the content environment."
Therefore, Revery provides the "Web3/Hybird (Hybrid)" viewing option. When this switch is turned on, the activities/speeches of the followers on Web2 platforms such as Twitter will also be displayed on the homepage. When turned off, only the other party’s application dynamics on Decentraland, Mirror, NFT and other chains will be displayed.
RSS3’s AI training platform-AIOP
At this stage, RSS3 has incorporated indexed decentralized network/on-chain data into AI training. The advantage of this technology is that it breaks down the information barriers between protocols, making more data available for AI model training.
On this basis, RSS3 continues to explore the potential value of these decentralized data and utilizes the capabilities of its artificial intelligence open platform AIOP for in-depth development. AIOP will give RSS3 the ability to deeply mine decentralized data and maximize the information value of Web3.
RSS3 launched the first Web3 low-code artificial intelligence open platform AI-Training Open Platform (AIOP) in early 2023 by combining AI technology with the information distribution capabilities of the decentralized network.
As a Web3 open model training platform developed by RSS3, AIOP integrates cross-chain data information distribution and natural language processing (NLP) model training technologies.
The platform's language logic and data analysis capabilities can accurately serve the people participating in the co-construction of Web3. By accessing cross-chain data sources on the decentralized network, it assists developers in training their own unique AI models in an open and efficient way. It can be used in a variety of scenarios, including providing personalized conversations, search recommendations and currency price predictions.
The platform provides developers in the decentralized field with an open, scalable, and long-term value infrastructure.
Through continuous user training and data indexing, the knowledge boundaries of AIOP can be infinitely expanded. On the basis of this platform, RSS3 launched the first AI assistant Model 1 trained based on AIOP. The beta test version of this product will be officially open to Waitlist users.
The current version of Model 1 has the following three major functions:
Analysis task: Model 1 builds an analysis component that can conduct comprehensive analysis of indexed decentralized data. This enables users to extract valuable insights and make decisions based on the vast amounts of data available on the RSS3 data network. By using data analysis technology, real-time results can be provided including on-chain transaction data, market dynamics, etc.
Forecasting tasks: RSS3 integrates forecasting tasks into its internal models that can generate reasonable predictions related to the cryptocurrency market (which do not constitute financial advice). Users can use this model to predict cryptocurrency market trends.
Information retrieval: Users can efficiently retrieve feed information from the blockchain as well as external sources through Model 1, which can also provide information summaries.
ChatGPT plugin
In addition to AIOP, RSS3's self-developed plug-in has also been launched in the ChatGPT plug-in store. This Web3 User Activity plug-in can help users directly access Web3-related data on Open AI's GPT-4.
Users can view activity on any Web3 player's chain by entering 0x addresses, ENS, Lens, and other name services.
This plug-in supports users to directly conduct diversified data queries including NFT/DeFi through multi-chain and cross-chain on Chat GPT.
Token economy
According to the RSS3 official blog post, the total number of issued Tokens is 1 billion, of which 44% are currently in circulation, of which 64% will be allocated to the community, with the team allocating approximately 15%, seed and private equity investors approximately 15%, and the founding company Natural Selection Labs 5% is allocated and the project consultant is allocated 1%. The current currency price is US$0.088, and the currency price has been falling. In fact, the proportion of the team holding the currency is not high. On the contrary, people in the community have been selling it, which shows that the community has little faith in this project.
Finally, let’s summarize. In the beginning, RSS3 was working as a personal information archive and data aggregator. This is actually a false proposition in the web3 world, because web3 applications are now logged in through wallets, and all information is in your chain. on the Internet, so you don’t need to do this, or the meaning of doing this in web3 is very low, so they transitioned to do AI, but to be honest, they also built the ChatGPT interface to connect it, and it is not that easy to do it. If AI is done well, this is actually reflected in the currency price, which has continued to fall. The project team’s currency holding ratio is not high, and it cannot control the market. It is estimated that it has almost sold out. To sum up, it is not recommended at present. Buy.
