AI will reinvent DAOs and tokenized models will be valuable: Vance Spencer

1 year ago

Artificial quality could beryllium the missing portion for decentralized autonomous organizations (DAOs), portion trained AI models could go invaluable assets on-chain, according to the co-founder of Framework Ventures.

Speaking to Cointelegraph connected Sept. 5 astatine Korea Blockchain Week, Vance Spencer, the co-founder of the crypto-focused task firm, shared 4 predictions astir however AI and blockchain exertion could collide.

One of the biggest impacts is for AI to yet enactment the “autonomous” into decentralized autonomous organizations, according to Spencer.

DAOs were founded connected the conception of a decentralized corporate sharing a communal goal, with nary overarching cardinal authority. However, many of the biggest are inactive acold from afloat decentralization oregon autonomy.

“It’s not really autonomous, there’s a clump of radical successful the middle. It seems similar AI is truly the lone mode to really marque the DAO conception work.”

In May, DAI stablecoin proprietor MakerDAO published a five-phase roadmap to upgrade its ecosystem including a beardown absorption connected utilizing AI to make a “governance equilibrium.”

5 phases of Endgame.

Endgame has been defined arsenic an update that employs AI tools and unfastened processes to heighten efficiency, resilience, and participation.

A caller work connected the Maker Forum outlines its roadmap, which includes the instauration of 5 large motorboat phases. pic.twitter.com/8GOkIfFADi

— Maker (@MakerDAO) May 12, 2023

According to MakerDAO co-founder Rune Christensen, signifier 3 of the roadmap volition motorboat AI tools aimed astatine improving and perchance automating definite governance aspects.

Christensen added these AI tools volition initially assistance “level the playing tract betwixt profoundly embedded insiders and much peripheral assemblage members,” but yet let the DAO to amended its processes and decisions implicit clip “without requiring enactment oregon centralized authority.

“What happens erstwhile Maker, who has a shitload of treasury, is governed by an AI?” Spencer queried.

“That AI tin bash truly absorbing things and determination needs to beryllium lone constricted quality involution with that,” helium added.

Trained AI models could go prized

Spencer besides sees a aboriginal successful which trained AI models are tokenized connected the blockchain.

He said an aboriginal illustration tin beryllium seen successful the Ethereum autochthonal decentralized app and crippled — AI Arena — wherever players bid an AI exemplary to combat for them successful a level warring crippled akin to Nintendo’s Super Smash Bros. 

Framework invested successful AI Arena's $5 cardinal Paradigm-led effect circular successful 2021.

Spencer explained that successful AI Arena, the players don’t power the fighters themselves but instead, the characters are controlled by AI models that are owned and trained by the player.

— AI ARENA | ʌı (@aiarena_) August 26, 2023

He noted that portion it shifts the paradigm of what a crippled is, the on-chain ownership of AI models is “really wherever this comes to beingness successful the crypto context.”

“Probably immoderate of the astir invaluable assets on-chain volition beryllium tokenized AI models, that’s my mentation astatine least,” Spencer said.

Other usage cases

Meanwhile, decentralized computing marketplaces — specified arsenic Akash Network and Render Network — could besides spot crypto play a portion successful the maturation of AI.

The blockchain-based protocols enactment arsenic a marketplace that allows buyers to acquisition idle computing processing powerfulness from providers, which is peculiarly important fixed the existent shortage of GPU chips, explained Spencer.

Related: Cathie Wood bullish connected Bitcoin and AI convergence

“Actually having a web that sources and provides and bootstraps the market? Those things should work,” helium said. “There are immoderate beauteous palmy companies that bash it that are protocols.”

Spencer besides argued that blockchain exertion volition beryllium important for auditing and verifying AI-provided information.

in the not excessively distant future, thing that hasn't been validated via a blockchain volition beryllium irrelevant

"show maine the data" volition go "show maine the impervious that this information is accurate"

— Brandon Potts (@b_potts23) August 23, 2023

“Say that you privation to beryllium that ChatGPT, that circumstantial model, is giving you an reply alternatively than Bard, alternatively than Falcon, which is UAE’s model,” Spencer explained. “You tin really beryllium that on-chain.”

Collect this nonfiction arsenic an NFT to sphere this infinitesimal successful past and amusement your enactment for autarkic journalism successful the crypto space.

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