As long as you are not born after 2000, you must have heard of 'RSS subscription.' RSS stands for Really Simple Syndication, which provides summaries of website information and allows users and applications to deliver article titles, abstracts, full texts, and other information to subscribed users in a standardized format. Users can aggregate different information sources by subscribing to RSS links from various websites and read this content in one tool.
Introduction to RSS3:
RSS3 is a decentralized network that indexes and structures open information, making it easily accessible and valuable for the next Twitter, Google, and OpenAI. With a unique design of data sub-layer + value sub-layer, the RSS3 network promotes the entire lifecycle of open information from indexing to consumption and establishes a healthy ownership economy.
RSS3 has previously received $10 million in investments from institutions such as Coinbase and DWF Labs, proving its strong background and good fundamentals. Moreover, during the last bear market, RSS3 never stopped building and accumulated a large number of loyal users. Currently, RSS3 is continuously expanding its main business in line with market trends and strengthening cooperation with tech companies like Google to become the largest open information source for AI model training!
The RSS3 network is innovatively composed of two sub-layers:
The Data Sub-layer (DSL) is responsible for the lifecycle management of open information, including indexing, transformation, storage, dissemination, and consumption.
The Value Sub-layer (VSL) is a second-layer Ethereum blockchain that uses NEAR as the data availability layer and is built using a custom OP stack. It is responsible for processing the value generated by open information activities and applications, establishing a healthy ownership economy for the network. $RSS3 is the native token. All sequencer revenues will be donated to public goods and ecosystem grants.
This network is meticulously designed to support a wide range of applications, from AI training and social media to search engines.
RSS3 nodes are responsible for indexing, building, storing, and ultimately providing open information to end users. All users can stake tokens to join nodes and receive high rewards!
Currently, RSS3 node staking has been developed for several months, with a TVL of $155,485,479 and an average annualized return of 76%.
Innovation in social, search, artificial intelligence, and other fields
Social: As the largest open social indexer, RSS3 brings interoperability to content and bridges applications and users across various social protocols (including Lens, Farcaster, Nostr, ActivityPub, etc.).
Search: RSS3 simplifies the explanation and aggregation of open information, making it easy to build search engines, cross-blockchain browsers, and activity feeds.
AI: RSS3 is the largest open information source for AI model training. The network provides a wealth of readily usable information for LLMs and multimedia models. RSS3 nodes can also implement their own local-first models.
RSS3 Token Economic Model:
The total issuance of tokens is 1 billion, of which 64% will be allocated to the community, approximately 15% to the team, about 15% to seed and private round investors, 5% to the founding company Natural Selection Labs, and 1% to project advisors. Most tokens will be locked for the long term and released over 5 years. The future growth of the protocol ecosystem and treasury will come from various aspects such as value-added services, SocialFi activities, and transaction taxes.
Since 2023, it can be said that we have officially entered the AI era, with AI becoming the main tone of the entire market! So, what developments has RSS3 made in AI?
On March 9, 2023, the Open Web Information Distribution Protocol RSS3 launched a Web3 AI open platform for developers, providing an environment for training GPT models with on-chain data. Models trained in this environment will have the capability to access, process, and think about data and information in decentralized networks. The scope covers but is not limited to DeFi, NFT, decentralized social, and other fields.
Previously, the first search engine product aimed at end-users within the RSS3 ecosystem, hoot.it, has launched GPT-based HootGPT, which can provide users with a unique, natural, and interactive search experience.
On June 21, the Open Web Information Distribution Protocol RSS3 officially announced that a plugin called 'Web3 User Activity,' developed by them, has officially launched in the ChatGPT store. This plugin collects and integrates all on-chain information and provides it to ChatGPT, enabling ChatGPT users to access more comprehensive on-chain content.
On December 20, according to official news, the Web3 information distribution protocol RSS3 and OpenAI jointly launched a brand new social AI product for Web3, which will decentralize content and build an on-chain market with artificial intelligence, achieving a perfect combination of social products and AI algorithms. RSS3 will achieve an ecological leap in social and AI interaction through this product, transitioning to a new on-chain market.
On April 5, 2024, RSS3 partnered with Google Cloud to promote the development of open information layers, artificial intelligence (AI), and the Web3 field. To further support the construction of an open information ecosystem, RSS3 will collaborate with the Google Entrepreneurs Cloud Program to provide unprecedented technical support to developers in the fields of AI and Web3. Through the Open Information Fund, RSS3 aims to support creative projects and independent developers, moving together towards a more open and interconnected future.
Rishi Ramchandani, head of Web3 business development at Google Cloud APAC, stated that the collaboration between Google Cloud and RSS3 will provide developers with the tools needed to drive the next wave of Web3 innovation.
RSS3 founder Joshua Meng stated that RSS3 will cultivate the next generation of decentralized Twitter, Google, and OpenAI through open information.
On January 2, 2025, the AI+Social concept project RSS3 announced the introduction of TEE technology, which will demonstrate related openness and transparency through DNA comparisons conducted in a Trusted Execution Environment (TEE), aiming to power the next large-scale scientific research.
On January 3, RSS officials stated that they are building the ultimate AI data framework to support functional AI agents innovating in the crypto space, and are conducting in-depth research on DeSci with on-chain applications to advance research and tools, accelerate collaboration, and inspire innovation.
[It can be seen that RSS3 has always kept up with and even led the market in terms of technological updates and expansions in AI, collaborating with world-class tech companies such as ChatGPT, OpenAI, and Google Cloud, and introducing TEE technology and building the ultimate AI data framework for Desci innovation! It can be said that RSS3 remains at the forefront in the wave of AI!]
So, is the value of such a powerful AI engine currently underestimated?
According to token information from CoinMarketCap, RSS3 is currently listed on trading platforms such as OKX, Bybit, Bitget, HTX, MEXC, Gate, and the South Korean trading platform Bithumb! It is rumored that it may also be listed on the Coinbase trading platform!
RSS3's current price is $0.14, with a total market capitalization of $140 million and a circulating market capitalization of only $95 million.
In summary, RSS3, as an AI engine project that has weathered market ups and downs, has been launched on most mainstream trading platforms and has received investments from top institutions such as Coinbase and DWF. In the ever-evolving wave of AI, it has consistently adhered to the principles of technological innovation and user-centricity, continuously updating technology to meet market demands, and has sought collaborations and support from more top companies like OpenAI. It is precisely because of this 'quiet diligence' that the market has overlooked its true value. The market capitalization of less than $100 million, compared to many AI projects that are merely concepts or shells but have market valuations in the billions, raises the question of whether it is indeed underestimated!