Odaily x KIP Space Review: How KIP Protocol Elevates the Ceiling of DeAI Track by Saying No to High FDV

On the evening of October 24th, at 8 pm, the Chinese Space co-hosted by Odaily and KIP Protocol, ‘Saying NO to High FDV, How KIP Protocol Lifts the Ceiling of DeAI Track,’ KIP Protocol’s CEO and co-founder Julian Peh and Chief AI Strategy Officer Dr. Jennifer Dodgson shared in-depth insights into KIP Protocol’s innovative direction, technical concepts, and actual achievements in the field of Decentralization AI. In addition, Space also invited Rocky from Blue Ocean Capital, Cynic from CGV, and investor Zixi to have in-depth discussions about the current situation and development of the DeAI track. Here are the key highlights of this Space.

Julian Peh: The DeAI vision of KIP Protocol and the pragmatic development strategy with low FDV

Focused on Real Use Cases of DeAI

Julian said that the development of KIP Protocol’s products is based on direct solutions to existing problems, always taking the connection and coordination of AI models, data, and applications as the center, and is committed to breaking the isolation phenomenon that commonly exists in the DeAI field. Decentralization AI product development needs to focus on the collaboration of models, data, and applications, especially to achieve shared interests in a trustless environment. KIP Protocol’s Decentralization platform is committed to promoting the practical application of AI, realizing real use cases, and making Decentralization AI products not only a technical concept but a truly valuable solution with commercial value.

Data interaction and profit sharing of Decentralization

To achieve the widespread use and commercialization of AI products, it is necessary to ensure the circulation of Decentralization data and the sharing of benefits among various stakeholders. This means that KIP Protocol not only provides connections for data and models, but also establishes a trusted profit distribution mechanism. For example, when users purchase or use AI services, funds will be reasonably distributed in a decentralized manner among app developers, model makers, and data owners. This design breaks the limitations of centralized AI products and gives all parties a more fair profit mechanism.

Pragmatic approach with low FDV

KIP Protocol has chosen a practical financing method to avoid problems caused by high FDV. Many DeAI projects have high market value but low circulation due to excessive reliance on high financing but lack of practical application. In the early stage, KIP Protocol focuses on solving existing market problems and accumulating income, ensuring the sustainability of the project through steady business rise. At present, the team has established cooperation with large institutions, and KIP’s technical framework has supported national-level deployment applications, which will bring a more solid customer base for the project in the future.

Three Core Application Areas of KIP Protocol

Julian further shared the core application direction of KIP Protocol:

• In the field of education: KIP Protocol manages a $10 million fund through cooperation with Open Campus to promote the landing of the OCU, a Decentralization education AI application. The project has attracted participation from professors of many internationally renowned universities, aiming to share educational resources and knowledge data in a Decentralization manner.

• Entertainment: KIP Protocol provides Decentralization AI support to Moemate, a Web2 social entertainment platform with over 3 million users, further expanding the possibilities of AI in the entertainment field through the establishment of virtual ‘love chatbots’. The user stickiness of love chatbots is extremely high, and the entertainment experience is similar to games, bringing users a unique emotional interactive experience.

• Trading Field: KIP Protocol has also made efforts in Decentralization data support and analysis, providing traders with Decentralization applications for data analysis and decision support.

Dr. Jennifer Dodgson: Building the ‘Highway’ for the DeAI Ecosystem

Interconnectedness of the ecosystem

Dr. Jennifer Dodgson explained in detail the ecological vision of KIP Protocol: the current AI components are mostly isolated from each other, and KIP Protocol is committed to establishing an environment where AI can communicate with each other. Through the Decentralization feature of Web3, KIP Protocol achieves modular combination of AI components, enabling interconnection between each module. This modular design allows AI developers not only to connect components on the platform, but also to gain economic benefits, thus promoting cooperation and development in the field of Decentralization AI.

Building the ‘highway’ of Decentralization AI

Dr. Jennifer Dodgson described the ‘Highway’ scheme of KIP Protocol, which is a comprehensive AI trading ecosystem that realizes the value exchange of AI models, data, and applications on-chain. This means that whether it is model developers, data providers, or application builders, they can obtain corresponding economic returns through the KIP Protocol platform and establish a fair distribution system based on decentralization.

Innovative Data Incentive Mechanism

In addition, KIP Protocol has also made innovations in the Data Layer. The platform incentivizes users to provide private domain data through a Token incentive mechanism while ensuring data privacy and control. KIP Protocol’s Decentralization data framework has been applied to projects of governments and large organizations, aiming to maximize the value of personal data and ensure that data providers can participate in and benefit from the training and deployment of AI models.

Other guests’ wonderful viewpoints

• Rocky (Blue Ocean Capital): Rocky believes that one of the keys to the DeAI track is how to protect and incentivize users to provide personal data. Through the private data incentive mechanism, DeAI can unleash tremendous market potential. In addition, he pointed out that the development of DeAI applications relies on a positive ecological cycle, and KIP Protocol’s efforts in this regard are of great significance to the industry.

• Cynic (CGV): Cynic analyzed the different roles of Computing Power, Algorithm, and data in the DeAI track. He believes that the future development trend of DeAI applications is more inclined towards market demand and user-centric generative AI. He also reminded entrepreneurs to focus on the diversity of team backgrounds in the DeAI track to enhance the project’s adaptability between Web3 and Web2.

• Zixi (investor): Zixi proposed that the financing of the DeAI project should focus on telling a unique project story and forming a stable business model. The practical financing strategy of KIP Protocol has set an example for the industry by avoiding excessive market cap to establish healthier market expectations.

Summary and Future Outlook

Through its exploration and practice in different application fields such as education, entertainment, and transactions, KIP Protocol demonstrates the commercial potential and technical advantages of Decentralization AI. From ecosystem construction to the Trustless transaction framework, every step of KIP lays the foundation for the popularization and application of Decentralization AI, showcasing KIP’s leading advantages in the field of DeAI. With the implementation of various applications, KIP Protocol injects new momentum into the field of DeAI and will continue to promote the global application of Decentralization AI.

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