Thanks to market sentiment driven by interest rate cuts, Bitcoin ETFs, and election results, Bitcoin has performed well recently, reaching new highs. Furthermore, the AI narrative is also a hot topic of discussion in the current cycle. In the narrative of the combination of Bitcoin and AI, AILayer stands out remarkably.
1. Introduction to AILayer's Background
AILayer is a Bitcoin-based Layer 2 that combines AI with blockchain to address some of the most critical issues in AI application development and deployment. By decentralizing AI and connecting it to the secure and transparent Bitcoin network, AILayer provides developers and users with a way to build, scale, and access AI models and services without expensive cloud infrastructure or centralized control.
When understanding AILayer, it can be viewed from two levels:
a) The Power of the Combination of Bitcoin and AI
AILayer uses the Bitcoin network to ensure everything is secure. It’s like having a sturdy lock (Bitcoin) to protect all your AI tools and applications. Developers can build their applications on AILayer and know that their data and transactions are secure.
b) Expansion of the AI Layer
The combination of AI and Web3 encompasses many aspects. AILayer will provide an expansion layer for AI, offering one-stop infrastructure support from decentralized computing power and model libraries to AIGC-based applications for image, text, and video generation.
In the past few months, AILayer has made significant progress and received investment from leading WEB3 venture capital firms and renowned Web3 KOLs such as Amber Group, WaterdripFund, Cipholio Ventures, SatoshiLab, MH Ventures, Bitrise, Luminescence, and Foundinals. Next, let's review some key milestones:
1) In April 2024, the core infrastructure will be fully operational, and AILayer's mainnet will go live.
2) In May 2024, just a month after the mainnet launch, the staking activity TVL reached $700 million, proving the strength and stability of AILayer's infrastructure, attracting promising developers, investors, and users.
3) Initiating multiple social point activities, two social point activities attracted over 300,000 users, creating a huge wave on social media X.
4) Signing a Memorandum of Cooperation with the Government of Kyrgyzstan, both parties reached a cooperation intention in areas such as Bitcoin nodes, AI computing power, and Web3 application innovation.
5) In June 2024, AILayer will partner with BounceBit, coinciding with BounceBit's launch on Binance. As a leading CeDeFi project, AILayer injects strong vitality into its ecosystem's TVL.
6) In July 2024, AILayer will form a strategic partnership with Solv Protocol, laying the foundation for SolvBTC's multi-network expansion. At the same time, SolvBTC generated on the AILayer chain can be staked on the Bitcoin Layer protocol Babylon to obtain excess point rewards.
Image: AILayer collaborates with Solv Protocol and Babylon.
As of today, AILayer's ecosystem has grown exponentially. AILayer has over 1,000,000 active addresses and more than 1.7 million transactions, with 100+ ecological projects, while its TVL on the Bitcoin chain ranks 6th, slightly above the previously highly popular Bitcoin Layer 2 network Merlin Chain.
Image: AILayer's TVL ranks 6th among Bitcoin Layer 2.
2. Technical Features of AILayer
AILayer's technical path balances the development of decentralized AI with Bitcoin's growth, while maximizing compatibility with the existing large developer ecosystem. Built on the Bitcoin network, AILayer has constructed a three-layer architecture, including the Bitcoin mainnet, Layer 2 settlement network, and AI layer.
Image: AILayer's Three-Layer Architecture.
Layer 2 Network:
AILayer's mainnet is compatible with the Ethereum Virtual Machine (EVM), allowing developers to leverage existing tools and smart contract capabilities within the AILayer ecosystem. This EVM compatibility not only simplifies the development process but also supports cross-chain interactions, expanding the range for developers to create interoperable applications to connect Bitcoin with other blockchains.
At the same time, AILayer's official cross-chain bridge adopts decentralized nodes, maximizing the realization of Satoshi's vision through the secondary development of a decentralized protocol based on Map Protocol.
AI Application Layer:
The core component of the entire architecture, responsible for hosting and executing AI models that drive advanced applications and services in the ecosystem. Within the AI layer, AILayer modularly supports AI models, computing power, agents, etc., by building different subnetworks.
3. Overview of AILayer's Ecosystem:
Not only is there a huge potential for user growth, but the projects built by developers on AILayer are also diverse. Specifically, AILayer's ecological projects are divided into three major categories: AI, BTC, and infrastructure.
Image: AILayer Ecosystem.
Here is an in-depth introduction to some representative projects of the AILayer ecosystem:
1) AI Class:
CycleX: CycleX is an innovative platform dedicated to RWA (real-world assets), offering comprehensive features including real-time RWA market data, tokenized fund issuance, and advanced DEX trading. CycleX has issued AI-themed RWA funds on AILayer.
NGPU: NGPU is a decentralized AI computing network committed to providing high-cost performance and stable GPU resources for various AI applications.
PublicAI: PublicAI focuses on game and data analysis sets, using AI to provide personalized experiences and real-time insights, combining blockchain security with computational power. Previously supported by the Solana Foundation and Forsight Venture.
PredX.ai: An AI-driven prediction market built on a mini-app platform on Telegram. It can not only predict events but also feed back prediction results into the model.
SweetyAI: A blockchain-based, AI-driven, open immersive SocialFi platform where users can create their own AI Agents and engage in chat interactions.
4EVERLAND: 4EVERLAND is a Web3 cloud computing platform that integrates the underlying capabilities of decentralized protocols or networks such as IPFS, Arweave, and DFINITY, providing developers and Web3 projects with core capabilities for decentralized storage, computing, and networking, creating a connection layer between the underlying decentralized storage layer and application layer.
2) BTC Class:
BitFi: BitFi is revolutionizing Bitcoin staking by providing real, sustainable returns. By combining advanced CeFi strategies with robust risk management, BitFi offers users low-risk, stable Bitcoin returns.
DeSyn: The DeSyn protocol is an innovative decentralized asset management infrastructure on Web 3, enabling users to securely and transparently create and manage customized asset pool portfolios containing various on-chain assets (tokens, NFTs, derivatives, etc.) through smart contracts.
Map Protocol: A full-chain interoperability layer built on ZK light clients. Map Protocol serves as a gateway for developers and users in the Bitcoin ecosystem and is a means for interoperability between different Bitcoin L2s and between the Bitcoin ecosystem and EVM and non-EVM ecosystems.
Solv Protocol: Solv is a decentralized platform that allows Bitcoin holders to put their BTC to use and earn returns through decentralized Bitcoin reserves. Users can earn points by holding SolvBTC and interacting with the SolvBTC ecosystem through staking and providing liquidity.
Taker Protocol: Taker Protocol is a yield expansion layer built on the NPOL consensus mechanism. It provides liquidity and yields to the Bitcoin ecosystem through a strong incentive structure, along with EVM compatibility and robust demand for Taker tokens.
3) Infra Class
SpaceID: SPACE ID is building a one-stop center for discovering, registering, trading, and managing web3 domain names, with its Token already launched on Binance.
Tomo Wallet: An All-In-One social wallet supported by Polychain.
Particle Network: A leading L1 solution supported by Binance Labs, designed to unify all chains through universal accounts to solve user and liquidity fragmentation issues in Web3.
UXLINK: UXLINK is the world's largest web3 social platform and infrastructure, allowing users and developers to discover, distribute, and trade crypto assets in a unique social and group-based way; currently, UXLINK is quite popular in the Korean market.
ZkLink Nova: Multi-aggregation of Layer 3 zkEVM networks, has established a strong partnership with AILayer to collaborate on cross-chain interoperability, ecological empowerment, and other areas.
Additionally, AILayer has connected with various mainstream WEB3 wallets and established strategic partnerships, conducting Airdrop incentive activities on the OKX WEB3 wallet and frequently appearing in the popular dApp rankings on the OKX WEB3 wallet.
4. AILayer's Strong Community Culture and Innovative Awareness
AILayer is committed to nurturing a vibrant ecosystem where developers, users, and stakeholders can contribute and collaborate. In terms of events, AILayer holds X Space weekly, engaging in in-depth discussions with different project parties while actively interacting and communicating with the community, prioritizing community needs. This is also one of the reasons for AILayer's strong community culture.
Additionally, AILayer is committed to expanding into global markets. AILayer particularly focuses on expanding into the Japanese and Korean markets, establishing Korean community zones for Japanese and Korean users, with dedicated ambassadors responsible for answering inquiries. It has also laid out strategies in markets such as Indonesia, Bangladesh, Turkey, and Russia.
In terms of responding to market demands in real-time, AILayer has also made innovative moves. AILayer is the first Bitcoin Layer 2 network to actively connect to the Telegram ecosystem, with its launched Telegram Mini app seamlessly connecting hundreds of millions of Telegram users to the AILayer ecosystem. The aim is to drive engagement, promote community development, and reward active users through real-time incentives, including earning $AIL tokens, winning lottery prizes, and participating in leaderboards; since its launch, it has attracted over 200,000 users.
Key features of the AILayer Telegram Mini app include:
1) Earn points through tasks and spins The mini-app allows users to complete tasks to earn points, which will then be converted into $AIL tokens. Additionally, users can spin the wheel of fortune for a chance to win grand prizes, with special lotteries offering prizes of up to $500.
2) Invite to earn feature One of the standout features of this application is its invite-to-earn mechanism, allowing users to invite their friends to join the platform. Each time a friend registers using the invite link, the user earns points. These points can ultimately be redeemed for rewards.
3) Leaderboard and Ranking Users can track their progress on the leaderboard, which ranks participants based on the number of successful invitations accumulated over two weeks. Users who invite the most friends will improve their ranking, and the highest-ranked users will receive top rewards.
Image: AILayer Telegram Bot, 200k users reached.
5. AILayer's Future Plans
Looking ahead, here are the key developments expected in the coming months:
Token Generation Event (TGE): TGE will introduce the $AIL token to the public, marking a critical moment for AILayer. The $AIL token will serve multiple utilities within the ecosystem, including governance, staking, and transaction fees.
Expansion of AI Hub: AILayer plans to launch AI Hub, a central platform for AI model training and deployment. This center will enable developers to leverage AILayer's infrastructure to develop their AI applications, fostering a vibrant community of innovators.
Launching AI Mining Controller: The AI Mining Controller will be launched soon, simplifying the mining process for AI models and allowing developers to earn rewards by contributing computing power to the network.
Further development of the AI service layer: Continuous enhancement of the AI service layer will enable developers to create more complex AI applications, integrating features such as real-time data analytics and machine learning capabilities.
Partner Expansion: AILayer will actively seek new partnerships with emerging projects and established platforms to further enrich its ecosystem. Collaborations will focus on cross-chain compatibility, AI applications, and decentralized finance (DeFi) solutions.
AILayer's ultimate vision is to deeply integrate Bitcoin, the world's most valuable network, with AI, the most advanced productivity force, allowing Bitcoin to endow AI with autonomy, security, and revolution, while AI provides Bitcoin with intelligence, scalability, and applicability. We believe that the intersection of these two is where the light of human civilization resides.
Stay updated on AILayer's latest developments, join the Telegram community, follow AILayer on Twitter, and prepare for the upcoming TGE!
