DIN sets out to build the ‘first Modular AI Local Data Preprocessing Layer’ where users can contribute to the creation of high-quality datasets for AI models (and receive token rewards in return).
Huge project
Summary of DIN Chipper Nodes
DIN Chipper Nodes: The ‘data processing hub’ in the DIN ecosystem — they perform the validation and vectorization of data in the network and also handle reward distribution.
Developed in November 2023 in collaboration with Consensys, Microsoft, Chainstack, and several other companies, Infura is a new decentralized RPC-as-a-service Decentralized Infrastructure designed to facilitate access to Ethereum and other leading blockchains.
DIN is the First Modular AI Local Data Preprocessing Layer.
Based on the Data Intelligence Network, DIN is designed to enable anyone to process data for AI and make money.
Chipper Node is an essential part of the DIN ecosystem, enabling the data validation and vectorization process and providing reward conversion computational power.
Phase 1 of the node sale raised $2.5 million with over 30,000 node owners. Users can now participate in Chipper Node Pre-Mining to earn xDIN.
What is DIN?
DIN (Data Intelligence Network) is the industry-first modular preprocessing layer built specifically for AI, powered by Binance. Previously known as Web3Go, the platform has been around since 2021 and has built a strong reputation as a leader in the on-chain data space.
Their clients include major L1s like Polkadot, BNB Chain, Manta, and Moonbeam. Not only that, but they also have strong AI credentials, having founded their own AI broker platform, Reiki, which has listed over 29,000 user-created brokers to date. This stellar track record has led to DIN raising a total of $8 million in funding to date, with Binance Labs and Hashkey Capital acting as lead investors.
Expands the scope of the DIN data ecosystem by launching the $DIN token and xData: a decentralized data node infrastructure where data is ‘collected, verified, vectorized, and incentivized.’ xData’s goal is to become the leading source for high-quality AI datasets required for machine learning, analytics, and AI tool development.
Network Overview
DIN aims to incentivize every step of the data collection and cleaning process, and the most important work (and the most important rewards) are reserved for Chipper Node owners. This means that as a node operator, you can:
"Cook data for AI and make money."
What exactly do they mean by this? Essentially, ‘Data Aggregators’ on the network will continuously collect large amounts of data from both on-chain and off-chain sources (including online publications, social media, and legacy industries such as healthcare, academia, and heavy industry).
But before this raw data can be used effectively by AI agents, it must be properly validated and formatted, significantly reducing the development time of AI models and producing much more accurate, reliable results.
Therefore, once the raw data is aggregated on the xData platform, it is transferred to Chipper Nodes, where the data is automatically indexed, validated, and then converted into standardized formats to make it seamlessly accessible and understandable for AI models.
The xData system, meanwhile, is constantly upgrading its own AI-powered transaction models with every piece of data that passes through the nodes, meaning the entire network becomes more efficient over time.
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