🧐 Project Research Report KIP Protocol |Focusing on a decentralized underlying protocol for AI;
Reconstructing the production relationship of data and models in the AI industry, creating a new value circulation ecosystem.
KIP Protocol has been receiving good news recently——
It has become a strategic partner of Nanyang Technological University I&E x HackQuest MOOC and has been invited to conduct online courses on Web3 & AI; co-founder Julian Peh will meet with Argentine President Milei at the Argentina Technology Forum; KIP Genesis NFT has recently increased by 60%;
Today, let's study the leading player in the dRAG track - KIP Protocol;
The development and construction of any industry ecosystem cannot be separated from two directions——
One is technological innovation and breakthroughs, and the other is the improvement of economic distribution; both are the foundation of the ecosystem, and neither can be lacking;
For example, the wildly popular AI also needs to have a good distribution of money to enable AI, to have a decentralized AI ecosystem.
KIP @KIPprotocol addresses this issue, solving the problem of production relationships in the AI industry.
1️⃣ What is KIP Protocol? What core problem does it solve?
KIP Protocol is a DeAI project co-led by Animoca Ventures and Tribe Capital, dedicated to building a decentralized AI underlying protocol, aiming to unlock the decentralized artificial intelligence framework of digital property rights for knowledge assets through blockchain technology.
It is the world's first decentralized retrieval-augmented generation (RAG) network, empowering application developers, model creators, and data owners to quickly deploy, trade, and profit in Web3.
KIP addresses the production relationship problem in the AI industry.
Its decentralized design is not for the sake of decentralization itself, but to solve the issues of economic incentives and benefit distribution, allowing the value of data and knowledge assets to be reasonably distributed between creators and users.
2️⃣ Here are some key points about KIP Protocol:
1) Goals:
Through KIP Protocol, anyone can protect their digital property rights to knowledge and data by creating a unique knowledge asset (in the form of ERC 3525 NFT).
These assets can be traded and monetized in the Web3 environment while maintaining complete control over access.
2) Technical Architecture:
It provides a three-layer architecture supported by the $KIP token, designed to protect the ownership rights of all key stakeholders and promote the adoption of decentralized AI.
3) Community and Incentives:
KIP Protocol incentivizes its community through various mechanisms, including——
Genesis Pass: A limited edition NFT that grants holders various privileges, including airdrops, priority access to KIP AI toolkit, unique partner whitelist positions, and participation in KIP incubation projects. The NFT price has recently increased by nearly 60%, something to watch out for!
Node System: KIP Checker Nodes ensure the integrity of the KIP decentralized network. KIP allocates 20% of the $KIP token rewards to nodes, with no lock-up period, and withdrawals can be made every 30 days. The corresponding FDV for Tier 1 nodes is only $50 million, indicating great potential.
The Uprising: Zero-cost activity! Complete tasks to earn points, with future opportunities for airdrops. Tasks are easy and simple, and inviting friends to participate can earn additional points. There are participation links and Chinese tutorials at the end of the document.
4) Cooperation and Development:
KIP Protocol has received strategic investments from well-known investment institutions such as Animoca Ventures, Tribe Capital, GBV Capital, DWF Ventures, and Morningstar Ventures, showcasing its potential in the decentralized AI and Web3 fields.
Additionally, KIP has formed partnerships with many well-known projects, including: Open Campus, Moemate, Aethir, Lingo, Masa, and more.
5) Future Outlook:
KIP fills a gap in the AI ecosystem, becoming a leading platform that connects AI components and solves value circulation issues. It is not just a technical solution but a new type of AI economic model.
KIP Protocol aims to become the cornerstone of a prosperous business ecosystem that will include independent AI applications, models, and knowledge bases, aiming to enable everyone to build the next major AI innovation.
KIP has already achieved real use cases for decentralized AI through some collaborations: in the DeAI + education field, partnering with Open Campus and obtaining $10 million in fund management rights, continuously building Open Campus U to transform decentralized education; in the DeAI + entertainment field, collaborating with the AI Agent platform Moemate to assist in their decentralized transformation, leading their 3 million Web2 AI users into Web3.
In summary, KIP Protocol is committed to providing a secure and fuel-efficient infrastructure for creators in the AI field through Web3 technology, enabling them to develop and trade AI assets while retaining ownership.
3️⃣ Main Advantages of KIP Protocol:
The main advantages include the following aspects——
1) Decentralized Knowledge Asset Management: KIP Protocol provides a framework for creating, managing, and monetizing decentralized knowledge assets through blockchain technology. This means that the ownership of knowledge and data is directly controlled by individuals or creators, rather than concentrated in the hands of a few large companies.
2) Security and Ownership: By linking knowledge assets to ERC 3525 NFTs, KIP provides a secure way to protect intellectual property, allowing users to set access controls for their knowledge assets as needed.
3) Integration of AI and Web3: KIP is dedicated to solving data privacy and ownership issues in the AI field, providing a platform that allows AI developers and data owners to share and utilize data while protecting their rights.
4️⃣ Team Advantages and Financing Situation:
KIP is co-founded by tech entrepreneurs with four successful exits and PhDs with rich experience in the AI field, possessing strong technical and business capabilities.
Strategic Round: Led by Animoca Ventures.
Private Placement Round: Led by Animoca Ventures and Tribe Capital.
Currently, the total funding amount has reached $10 million.
5️⃣ Conclusion:
While pursuing technological innovation, the importance of economic incentives and market mechanisms is also evident;
KIP Protocol attempts to address the imbalance of knowledge asset ownership and economic benefit distribution in the AI industry by providing a decentralized AI framework.
This approach is not just to achieve decentralization itself, but to redefine the value creation and distribution mechanisms in the AI industry through economic incentives and decentralized technological means, thereby promoting the development of a fairer and more open AI ecosystem.
The previously mentioned The Uprising zero-cost activity is still ongoing; you can participate: https://uprising.kip.pro/
For reference, here is the Chinese tutorial:
https://mirror.xyz/0x420640795953C325F5092B633228A111774ee430/EL9Kch27ZMURqqQCrOoJ18QLpSDgp9rnKfF477RlILY
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