Original source: Odaily Planet Daily Original author: CryptoLeo
AI is disrupting the global landscape of technology, finance, and innovation with unstoppable momentum. Since the release of ChatGPT, generative AI has quickly become a mainstream narrative within just a year, attracting significant attention from investors towards large language models (LLM) and AI applications. According to data from the International Financial Forum (IFF), by 2024, global AI startups have attracted over $120 billion in financing, with $35 billion raised in the first half of 2024 alone.
This AI boom is gradually affecting the Crypto market, especially in the field of AI-related crypto projects and tokens. Currently, the total market value of AI crypto tokens has exceeded $43 billion, far surpassing other tracks. For users, AI Memecoin PvP has become the most intuitive way to access 'AI + Crypto'. From Truth Terminal's 'Soliloquy about Memes' published on platform X, to the phenomenal rise of the meme coin GOAT, and the subsequent emergence of projects like ACT, ai16z, ELIZA, and Virtual Protocol, AI Memes have driven innovative applications of AI Agents in on-chain token issuance, community governance, DAO management, and autonomous trading.
At the same time, industry giants are also moving quickly. For example, OpenAI plans to launch an AI Agent tool called Operator in early 2025, which can autonomously complete computer tasks based on user instructions, marking the official entry of AI Agents into the crypto ecosystem. Meanwhile, ACT and ELIZA have explored new possibilities for on-chain governance, while ai16z and Virtual Protocol have become industry highlights with their innovative autonomous trading capabilities, further promoting the development of the on-chain AI agent narrative.
Nevertheless, the narrative of on-chain AI Agents is still in its early stages. Just like before the DeFi Summer of 2020, the integration of AI + Crypto faces many gaps in infrastructure and technology. As a pioneer in this field, REVOX is committed to building decentralized AI Agent infrastructure that connects AI developers with decentralized computing resources in the role of an operating system, promoting the deep integration of 'AI + Crypto' and moving towards the next technological wave.
One, On-chain Operating System of the AI Agent Era: REVOX's Forward-looking Vision
In the current AI ecosystem, centralized ecosystems dominated by large language models (LLM) such as ChatGPT and Runway prevail, while decentralized AI projects like Bittensor and IO.net, despite being eye-catching, have few practical applications. REVOX has recognized this pain point:
Web3 needs an AI Agent infrastructure as a shared interface connecting developers with decentralized computing resources.
'AI is like the iPhone of the past, LLM is a factory for manufacturing hardware, and REVOX is the operating system, providing developers and users with a seamless AI-Agent experience.' — REVOX co-founder Troy Hua stated.
On-chain AI agents require a lot of infrastructure to fill the gaps, and REVOX is committed to being the protocol for AI agent infrastructure, changing the creation of decentralized AI applications through autonomous agents. REVOX supports the creation of customizable AI agents to tackle various scenarios and challenges. In line with the principle of decentralization, REVOX can provide developers, organizations, and individuals with an environment to independently develop and deploy any data source and API.
(1) Centralized AI, integration difficulties, and lack of incentives are existing pain points in AI agent protocols.
At the current stage, executing AI agents on the blockchain is quite complex and incomplete, but on-chain AI agents are also key to realizing decentralized AI applications. Currently, many dApps rely on off-chain AI services to handle complex computations and manage data, effectively introducing centralized elements into a decentralized ecosystem, which also brings potential vulnerabilities. This not only violates the spirit of decentralization but also limits the security of AI when directly interacting with assets and financial-related functions.
In addition, the integration of wallets, transaction management, and smart contract execution are still largely disconnected from rapidly developing AI, which also hinders the seamless integration of AI with dApps, affecting their innovativeness, adaptability, and level of intelligence. More importantly, there is currently a lack of strong and reliable incentive mechanisms for decentralized AI protocols, resulting in insufficient motivation for developers to explore and build the potential of an interoperable AI Agent ecosystem.
(2) Decentralized AI Agent infrastructure, REVOX fills key gaps
To this end, REVOX has launched a series of solutions to address the challenges currently faced by decentralized AI:
1. Scalable on-chain AI based on smart contracts: REVOX enables smart contracts to execute AI inference directly on the blockchain. By keeping key computations on-chain, it has launched the key component for all agents' on-chain AI inference, DPrompt, which integrates smart contracts in two ways: first, recording AI requests on-chain, then processed by designated AI providers, staking REVOX tokens as collateral, receiving requests and returning responses to DPrompt's smart contracts; second, generating proofs based on zkML (zero-knowledge) and opML machine learning computations, focusing on creating proofs that allow efficient challenges or verifications of AI computations, reducing the resources required for operation while enhancing the trust and integrity of AI outputs. zkML and opML are essentially also the concepts of 'AI + Crypto'.
2. AI Agents seamlessly integrate with Web3: REVOX transforms basic Web3 components such as wallet integration and smart contract calls into AI agents. These agents are also dynamic and intelligent on-chain participants capable of executing complex tasks, making decisions, and interacting with other components of the ecosystem, and the integration also makes dApps smarter and more autonomous, providing users with a better personalized experience.
3. Developer-friendly intelligent agent framework: REVOX provides developers with a flexible framework to interact with different AI agents, allowing developers to coordinate various agents, each possessing expertise in a specific niche, to collaboratively solve complex problems. For instance, for financial applications requiring analysis and prediction, or social platforms seeking intelligent content review, REVOX provides the tools to build solutions.
4. Incentive mechanism for agent developers and computing power providers: REVOX pays great attention to the incentives for developers and computing power providers, and its incentive mechanism rewards AI agent developers and computing resource providers. Its innovative ecosystem encourages the expansion of the agent network to improve the quality and diversity of services provided, and ensures that computing power providers will invest funds for the development of their network.
Two, Important Components of the REVOX Ecosystem
The core of the REVOX ecosystem is various Primitive Agents, each focusing on completing specific simple and professional tasks, and coordinating among them ensures the efficiency, flexibility, and scalability within the REVOX framework. Here are several classic use cases of Primitive agents:
· Wallet Agent: Similar to the Metamask interface, but enhanced with AI functionality, ensuring secure interaction with the blockchain network, managing public addresses while prioritizing user privacy and security.
· Ticker Agent: Extracts token tickers from user prompts using natural language understanding through a comprehensive Ticker database. This agent simplifies asset identification and interaction, as well as the user's dApp experience.
· Chart Agent: Visualizes data through intuitive charts based on user commands.
· Database Agent: Provides personalized database access, allowing users to execute custom queries directly through conversational prompts. This bridges the gap between traditional database interactions and the fluency of natural language processing.
In addition, REVOX also provides extensible plugins that can be applied beyond its ecosystem, allowing agents to retrieve information, execute transactions, and leverage external services, thereby enhancing the intelligence and practicality of the REVOX platform.
Currently, the plugins offered by REVOX include: chain node plugins, Ethereum browser plugins, token price plugins, third-party DeFi plugins (currently integrated with Pancakeswap, Swap(owlto), on-chain perpetual contracts (kiloex), trading bots), social information plugins, and search plugins.
Through innovative DPrompt models and zkML/opML technology, REVOX has achieved on-chain AI inference and efficient verification, ensuring the security and transparency of computations.
Currently, the most significant products in the REVOX ecosystem are: RVOX Lense, REVOX SmartWallet, and REVOX Studio.
REVOX Lense
REVOX Lense is more like 'Web3 version of GPT', providing one-stop information integration and analysis for on-chain assets. Currently, REVOX Lense has attracted 17 million users, becoming the largest dApp on opBNB. REVOX Lense can seamlessly integrate with users' wallets, automatically identifying assets and displaying high-quality news, social media trends, and discussions related to wallet assets. By synthesizing wallet data, REVOX Lense also compiles information into comprehensive reports, providing users with an overall view of their asset performance, market sentiment, and potential future trends. It can also answer investment questions users encounter in the current market, offering professional answers to help users make informed decisions about their asset portfolios.
REVOX SmartWallet
REVOX SmartWallet is an AI-driven self-custodial wallet that simplifies DeFi operations, addressing complex staking and cross-chain challenges, allowing ordinary users to easily enjoy high-yield opportunities. SmartWallet connects user wallets to multiple blockchain networks, simplifying access to crypto assets. As an AI-driven wallet, REVOX SmartWallet can achieve AI-driven:
· Multi-Dex token Swap: Instantly check the real-time exchange rates of most DEXs to ensure the best trading rates;
· Perpetual DEX: By screening the best protocols for integration to obtain perpetual trading functions;
· Various cross-bridge solutions: AI agents provide the most cost-effective seamless cross-bridge recommendations.
REVOX Studio
REVOX Studio is the core low-code development platform of the REVOX ecosystem, providing developers with a powerful and user-friendly environment to build, deploy, and manage decentralized AI applications. With its diverse plugin library and integrated agent marketplace, REVOX Studio enables developers to create complex AI agents and applications that can seamlessly interact with Web3 protocols.
The main features of REVOX Studio are:
· Low-code development: Simplifying the creation of AI + Web3 applications, accessible even to low-level developers.
· Agent Market: Facilitating the sharing and monetization of AI Agents.
· Integration with Web3: All AI agents in its marketplace can execute on-chain transactions and interact with smart contracts.
· Rich plugin library: Providing pre-built plugins to accelerate development speed.
For example, users can click to enter the REVOX Studio interface to search for available AI agents and plugins. Additionally, users can create AI agents themselves in their interface.
Three, Major milestones and financing background, REVOX's strong rise
In addition to REVOX's products, its financing and background are also impressive:
In August 2022, REVOX (formerly ReadON) completed a $2 million seed round financing led by SevenX Ventures, with participation from HashKey Capital and others.
In March 2023, REVOX was awarded the third prize for Best Social dApp at BNB Chain Connected 2023.
In June 2024, REVOX announced the completion of strategic round financing, with participation from SevenX Ventures, Arweave SCP Ventures, Cointelegraph Acceleration, Skyland Ventures, Taisu Ventures, 0x Consulting, and 7 upDAO.
In July 2024, REVOX ranked first in the number of active independent addresses across the board, with the second to fourth places being: Raydium, Hot Protocol, Uniswap, and UXLINK. Currently, its total user count has surpassed 21 million, making it a representative project in the Web3 AI ecosystem, as well as one of the largest AI projects in the BNB Chain ecosystem.
In October 2024, REVOX was selected for Binance Labs' eighth season MVB Accelerator Program. REVOX deployed AI crypto applications such as Lense and Smart Wallet in the BNB Chain ecosystem, helping users connect and manage multi-chain wallets through AI, access on-chain assets and off-chain data, and execute complex DeFi transaction processes.
Moreover, REVOX is also a recipient of the Solana Riptide Global Hackathon Community Award and the first prize winner of the Arweave-sponsored Web3 Infra Hackathon.
Four, REX's tokenomics and roadmap
Tokenomics: Stake-to-AI economic model, providing fuel for AI Agents. Staking REX earns AI points, rewarding long-term holders with ecosystem incentives.
Basic information: Governance token REX, total supply: 3 billion
Community airdrop: 10%, unlocked at TGE
Community staking and future incentives: 50%, 6 months Cliff unlock, 4 years linear unlock
Liquidity + marketing: 5%, unlocked at TGE
Team and advisors: 15%, 6 months Cliff unlock, 4 years linear unlock.
Investors: 20%, 6 months Cliff unlock, 2 years linear unlock
REX plays a core role in platform governance, payments, and ecosystem rewards. This includes being used to pay fees, with REVOX's core products (such as Lense, SmartWallet, Studio, and Agent Marketplace) and third-party products supporting REVOX AI payments all accepting REX as a payment method. Using REX for payment can enjoy discounts based on dynamic pricing.
Additionally, users can stake REX as sREX to participate in multiple rights within the REVOX ecosystem to earn ecosystem rewards. REX and sREX support a 1:1 exchange.
The core uses of sREX tokens include:
· sREX holders receive AI service points daily based on their holdings, which can be used for REVOX's products and partner ecosystems;
· sREX holders can join the staking pool to receive additional rewards: Within 180 days post-TGE, the staking pool will be directly funded by the REVOX Foundation. After 180 days, the rewards from the staking pool will come from the foundation's funding and the reduction of tokens from short-cycle redemptions;
· Participate in token airdrops. For projects built in REVOX Studio or distributed in REVOX Marketplace, sREX holders will have the opportunity to receive airdrop tokens based on their level of participation and holdings.
· The design features of sREX make it:
1. Will not directly affect the price of REX;
2. Short-term holders will face a higher token reduction rate after unstaking, which can alleviate REX inflation;
3. The reduced tokens will incentivize long-term stakers;
4. 50% of the reduced tokens will be permanently destroyed, increasing the return rate for long-term holders.
According to its official data, REVOX will launch the REVOX AI MEME token tool and REVOX AI Agent market in Q1 2025.
Five, Airdrop rules and claiming
Airdrop rules:
· Complete KYC certification for trading platforms and provide UID and deposit addresses;
· NFT holders, the NFT snapshot date is December 5, 2024, 3-Star Catto NFT receives basic rewards; 4-Star Catto NFT receives enhanced rewards;
· REVOX Galxe loyalty points greater than 499;
· ReadON APP participation: ReadON DAO points greater than 99 (ReadON DAO points snapshot date November 19, 2024); ReadON SBT level greater than 2 (ReadON Points snapshot date November 19, 2024);
· REVOX Lense, Smart Wallet, Studio, and Contenthub: REVOX points greater than 1999 (REVOX
The snapshot date for points is December 7, 2024); REVOX premium points greater than 0; users who have obtained REVOX AI points (snapshot date November 19, 2024).
· Claim: Visit the airdrop website to check the number of tokens. REX will be sent to the user's bound trading platform account or wallet account.
Six, Conclusion
Former Coinbase CTO Balaji Srinivasan recently stated that AI originated from academic research and large tech companies and has a high reputation; crypto technology originated from anonymous forums and internet communities and had a low reputation initially. However, AI makes everything easy to fake, while crypto technology makes faking difficult, and the reputations of both may gradually converge. While AI is widely recognized as an important technology with civilizational significance, the value of crypto technology is underestimated, and the reputations of the two will gradually approach in the future. Moreover, AI is essentially centralized in power, while crypto represents decentralization, which are technically compatible.
Of course, there are also skeptics who say that the combination of 'AI + Crypto' is just a temporary hype, and that cryptographic technology has yet to show lasting impact or widespread application in entertainment, gaming, and social media. But this is precisely the problem that 'AI + Crypto' can solve — the mass adoption of crypto, as AI agents greatly lower the entry barrier for users into Web3 and create greater possibilities for crypto to go mainstream. Previously, Delphi Digital co-founder Tommy predicted that the total market value of AI + Crypto could grow from the current $43 billion to over $250 billion, and many projects that have been in development for years will be launched one after another, especially those intelligent token agents that cannot rely on traditional AI platforms (such as ChatGPT) will see explosive growth.
The entry of traditional venture capital into Crypto + AI, the rapid iteration and integration of Open AI technologies into the mainstream, and the crypto-friendly policies after Trump's administration, will all drive the development of Crypto + AI in 2025. Just like the DeFi Summer of 2020, 'AI + Crypto' may open the next DeFi Summer.
Therefore, the combination of AI and Crypto will become the core narrative of future technology. As a pioneer in building AI Agent infrastructure, REVOX is gradually creating an 'operating system' that connects AI with the decentralized world, providing developers and users with a revolutionary intelligent experience.
'Original source'
