What Is LayerAI (LAI) Crypto?
LayerAI is a Layer-2 blockchain protocol that aims to power the AI economy’s internet and is designed for artificial intelligence (AI) development. LayerAI seeks to create an ecosystem where users can monetize their behavioral data through Data Capsules.
These Data Capsules represent datasets acquired from users' internet browsing activities. By minting these capsules, users can enter the AI2Earn program and offer their data for monetization.
LayerAI is built on the Ethereum blockchain and aims to combine the commercial applications of AI with tokenization through its $LAI token. The LayerAI network is EVM-compatible and uses zk-Rollup technology in its Layer-2 solution, capturing transaction fees and catering to mainstream markets.
LayerAI was previously known as CryptoGPT and underwent a rebranding in May 2023. During this time, the project announced a token swap for CryptoGPT (GPT) tokens to LayerAI (LAI) tokens.
Additionally, LayerAI offers a staking mechanism with its native cryptocurrency, $LAI. Staking $LAI allows community members to earn rewards from the AI economy.
How Does LayerAI Work?
The LayerAI platform allows users to monetize their behavioral data through Data Capsules. These AI Capsules are datasets acquired from users' internet browsing activities.
The Data Capsules enable users to compile fractions of their behavioral data, represented as AI Capsules. Once users mint these capsules, they can enter the AI2Earn program and offer their data for monetization.
LayerAI’s Layer-2 network provides a framework where users can contribute their data and potentially earn rewards or compensation for their participation. Its use of zkRollup technology makes LayerAI more scalable.
Its EVM compatibility ensures that LayerAI is open to massive codebase libraries. This feature allows developers and end users to on-ramp the network quickly and conveniently.
History of LayerAI and LAI Coin
The LayerAI project has been under development in stealth mode since mid-2022. While ChatGPT has become the most famous and popular AI app worldwide in 2023, it is privately funded by OpenAI.
Unlike OpenAI’s ChatGPT, the LayerAI platform aims to democratize access to AI technology, offering monetizing opportunities to its users. As of June 2023, the LayerAI ecosystem already has over 2 million users.
Developers across the fields of lifestyle, music, gaming, dating, travel, and more sectors have leveraged the LayerAI ecosystem to generate income through Data Capsules. LayerAI is the first sustainable ‘to earn’ ecosystem where users get paid for contributing data.
LayerAI’s vision is to become a global data marketplace, leveraging data as an asset class. Its AI-2-Earn mechanism model lets contributors provide value and monetize user data with users’ consent.
How can I buy LayerAI (LAI)?
Buying LAI on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple!
Also you can buy $LAI on Bybit official exchange and Gate-io, MEXC, and many major top exchanges...
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