๐ VITALIK BUTERIN SUPPORTS PROJECT MADE BY TIKTOK'S PARENT COMPANY BYTEDANCE ๐
The Ethereum co-founder has endorsed TiTok AI, a groundbreaking method for efficient onchain image compression. This development promises significant advancements for blockchain applications.
๐ผ Not TikTok, But TiTok:
TiTok, which should not be confused with the social media platform TikTok, significantly reduces image sizes, making it feasible for blockchain storage. Buterin praised TiTok's potential on Farcaster, noting, โ320 bits is basically a hash. Small enough to go on chain for every user.โ
๐จ Implications for NFTs and PFPs:
This technology could revolutionize how profile pictures (PFPs) and non-fungible tokens (NFTs) are stored digitally, offering a more practical and efficient solution.
๐ง How TiTok Works:
Developed by researchers at ByteDance and Technical University Munich, TiTok compresses images into 32 small data pieces (bits) without compromising quality. The method uses advanced AI to transform a 256x256 pixel image into โ32 discrete tokens.โ
๐ Tech Behind TiTok:
TiTok employs a 1-dimensional (1D) image tokenization framework, breaking away from the 2D grid constraints of traditional methods. This leads to faster sampling processes and competitive image quality..
๐ Endorsement and Future Potential:
Vitalik Buterin's endorsement lends significant credibility to TiTok's potential in the blockchain space. He highlighted its ability to represent images with a more compact formulation, making it a promising tool for future digital image storage solutions.
Why this is important: ByteDance being behind TikTok AND TiTok is a big deal as one big move from this player could significantly accelerate crypto mass adaption.
Watch out for such projects backed by powerful companies as they dictate future trends & disruptive revolutions and lead the way.
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