In November, $BTC once reached a peak of $99,558 and was about to break through $100k, but it had a short pullback last week. In the $BTC volatile market, the on-chain MEME still performed strongly. In particular, BNB Chain's $BANANA hit a new high this week, with a market value of over $60 million. $Cheems and $Why were also listed on Binance. The hot market of MEME has brought new on-chain activity to the BNB Chain ecosystem. However, it is not only MEME that drives the development of BNB Chain, but also AI infrastructure projects such as DIN (formerly Web3Go) that have been focusing on the continuous construction of the BNB Chain ecosystem.
In the past two years, DIN has helped BNB Chain develop and achieved multiple milestones: in 2022, DIN was selected for Binance Labs' MVB accelerator program; in 2023, DIN received investment from Binance Labs; in 2024, DIN became the number one AI Dapp on BNB Chain many times, and led to a significant increase in on-chain user activity and transaction volume for BNB Chain, opBNB, and BNB Greenfield.
DIN's value proposition is: **Building a data intelligence network based on the synergy of people, data and AI, aiming to enable everyone to process data for AI and get paid. **In the past three years, DIN has launched three flagship products: Analytix, Reiki and xData. In addition, the Chipper node was launched this year. Now let's review what DIN has contributed to the development of the BNB Chain ecosystem.
2022: Start with on-chain data analysis
In 2022, DIN launched Analytix, an on-chain data analysis platform, which provides users with tools for in-depth insights into on-chain data. Its advanced analytical capabilities enable users to quickly create visual on-chain data dashboards in the evolving crypto space. BNB Chain, Moonbeam, and Manta Network are all paying customers of DIN's on-chain data services.
Analytix has created a tool specifically for BNB Chain that can track BNB supply, destruction activities, market trends, and more - BNB Chain Monitor. It also creates on-chain data dashboards for multiple BNB Chain ecosystem projects including PancakeSwap (such as Yuliverse, Lifeform, SecondLive, Hooked, Tabi, etc.). Recently, PancakeSwap has once again become the first choice for users to trade due to the activeness of BNB Chain MEME. This shows that Analytix is forward-looking when selecting projects to create on-chain data dashboards.
To date, more than 90 data dashboards and 130 data sets have been created on Analytix, and it continues to provide data services for Manta Network, Moonbeam and BNB Chain. For the BNB Chain ecosystem, Analytix, as an important on-chain data analysis tool, helps developers, project teams and community members quickly access and analyze on-chain data, enhances the activity of on-chain data within the BNB ecosystem, expands its application scenarios, and improves user participation.
In the same year, DIN (formerly Web3Go) was selected into the Binance Labs MVB Accelerator Program and received recognition and support from Binance Labs.
2023: Growing from an AI Agent Experiment
In 2023, with the rapid development of large language models and the widespread application of ChatGPT, the DIN team foresaw the huge potential of the combination of AI and the crypto industry, and launched a platform combining AI and user-generated content (UGC) on BNB Chain - Reiki. Users can quickly create custom AI agents on this platform and efficiently manage their own data sets. At the same time, Reiki also allows users to cast custom AI agents as NFTs for trading, which brought huge NFT increments to BNB Chain at the time. In addition, Reiki also integrated Particle Network, allowing Web2 users to easily register for the Web3 platform through a Google account. This integration has transformed more than one million Web2 user traffic into BNB Chain on-chain users.
On the C-side, Reiki brought monetization tools and scenarios to the AI agent creators at that time. On the B-side, Reiki launched commercial services, providing a full set of AI agent services for the BNB Chain official Discord community and official developer documentation website. This further verifies that DIN directly monetizes this set of AI data product services, has positive cash flow, and realizes the landing scenario of AI data services.
However, Reiki’s achievements are far from stopping there. After launching on Product Hunt, Reiki won the double championship of "Best Product of the Day" and "Best Product of the Month", and currently still ranks second in the platform's 2024 annual list.
Since its launch, Reiki has minted 27,000 AI-agent NFTs and achieved 150,000 daily active users. For the BNB Chain ecosystem, Reiki has introduced a prosperous AI creator economy and attracted a large number of AI product users. This not only promotes the growth of the BNB Chain AI ecosystem, but also drives the increase in on-chain transaction volume and user activity. In the same year, DIN also completed a $4 million seed round of financing, with investors including Binance Labs, HashKey and other well-known investment institutions.
2024: Achieving success with AI data preprocessing infrastructure
In 2024, the team realized that the development of both AI models and AI agents cannot be separated from training data. In April this year, DIN launched the AI data node infrastructure - xData on opBNB. Through xData, users can grab the most popular crypto information on the X (formerly Twitter) platform with just one click "GODIN" to perform preliminary data annotation and form a personalized data set, which will be securely stored on BNB Greenfield. Users can also receive rewards based on their contribution to the data set.
DIN currently has more than 30 million registered users and one million daily active users, continuously driving the user growth and on-chain activity of BNB Chain, and has become the top 1 AI Dapp on BNB Chain several times. So far, xData has successfully collected and annotated more than 100 million tweets, and all data is securely stored on BNB Greenfield. It is worth mentioning that DIN is not only a core user of BNB Greenfield, but also its official storage service provider (Storage Provider).
In August this year, DIN announced the completion of a new round of pre-IPO financing of US$4 million, bringing the total financing amount to US$8 million. This round of investment attracted the participation of some new investment institutions, including Manta Network, Moonbeam Network and Ankr, as well as some community and KOL investors.
The preliminary annotated data set formed by xData needs further processing to become a high-quality data set that can be used by AI models. Therefore, DIN launched the Chipper node to be responsible for data verification and vectorization. Chipper node owners can use their own edge devices to run these nodes, and the nodes load small language classification models trained by fastText to achieve fast and accurate multilingual text processing. Taking advantage of edge computing, Chipper nodes can further process AI data more efficiently, thereby forming a high-quality AI data set.
At the same time, Chipper nodes also provide the necessary computing power for the DIN ecosystem to achieve efficient distribution of profits generated by data preprocessing. Data contributors will be rewarded based on their role in the entire data processing process. In this way, DIN creates a data intelligence network that allows users to continue to participate and receive rewards.
Recently, DIN has started pre-mining the Chipper node. Every day, nearly 1 million active users interact on the BNB Chain through the pre-mining page, consuming BNB as gas fees, and generating a new on-chain asset **xDIN. **xDIN is an important airdrop certificate for DIN tokens during TGE. (During DIN TGE, all users will receive DIN token airdrops based on their xDIN holdings. This part of the DIN airdrop will be released 100%, without complex mechanisms such as lock-up or linear unlocking.)
xDIN is currently not transferable, but users can trade it on Tadle. (Note: Trading may affect airdrop eligibility.) Trading xDIN on Tadle is very convenient and can be done on both mobile and desktop. So far, more than 700 orders have been completed on Tadle.
For the BNB Chain ecosystem, Chipper node pre-mining and xDIN trading not only brought significant transaction volume and on-chain activity, but also brought more than 40,000 running nodes and more than 50,000 high-end Quality node holder. This further activates BNB Chain’s on-chain data ecosystem and increases user participation.
Crossing the bull and bear markets: Continuously promoting the development of the BNB Chain ecosystem
From promoting on-chain data analysis to implementing a user-friendly AI agent platform, to pioneering decentralized AI data pre-processing tools, DIN has been making continuous contributions to the growth of the BNB Chain ecosystem. Recently, DIN brought nearly 7.5 million transactions and 400,000 impressions to BNB Chain in just 7 days through node pre-mining, Binance Web3 wallet airdrop activities, and Binance Square essay contest. In addition, DIN also helped Binance attract more than 260,000 new user registrations in just 10 days.
Really widespread application: empowering Web2 traditional industries through Web3 AI data
DIN not only drives the decentralized AI data economy in the Web3 field, but also enables the development of traditional Web2 industries with its AI data. A few months ago, DIN cooperated with Heshuju, a data annotation company under AISpeech, to annotate and collect voice data for AISpeech's minority languages through BNB Chain. AISpeech is a voice unicorn in China that is as famous as iFlytek. It has the largest market share in the automotive field. When you communicate with the in-vehicle system in different languages, it is supported by DIN's AI data and blockchain technology.
After the DIN mainnet is launched, the world's first blockchain-based voice data collection and annotation task will be launched simultaneously. Global users will be able to participate in AI data processing and receive rewards in the process. There are no geographical restrictions, no bias, and complete decentralization is achieved.
Looking to the future: Decentralized AI data network in the BNB Chain ecosystem
On November 27, CZ publicly expressed his optimism about on-chain AI data projects, especially those that use BNB Greenfield to securely store data. The DIN team is excited about the crypto industry’s growing focus on the AI data track.
In the entire AI track, compared with AI computing power and AI models, data is often overlooked but is crucial to the development of the entire AI. Technology giants in traditional industries have long recognized the importance of data, so they have monopolized Internet data through various means. For example, X (formerly Twitter) canceled free API access, and any user who wants to obtain data must pay for it. The emergence of DIN is to break the data wall built by centralized institutions and return the ownership of data to users. It is committed to getting everyone involved in the AI data process and "cooking" data for AI.
Recently, Harold, the founder of DIN, shared a roadmap for DIN’s next major milestone, indicating that the era of DIN as a Layer 2 blockchain on the BNB chain is coming.
The future of AI and blockchain is promising, and DIN is leading the way. What’s next for DIN? Stay tuned for more exciting updates!
