Generative, the leading decentralized artificial intelligence (AI) NFT platform, is proud to announce major updates to its offerings, detailed in its latest whitepaper. These updates focus on staking, a distributed GPU Layer 2 (L2) Network, L2 Fiat Gateway, and the first-of-its-kind on-chain Generative AI. Generaitiv’s mission is to revolutionize the AI industry by making it more accessible, decentralized, and trustless, with real-world applications.
After witnessing an explosion of artificial intelligence-powered utility in the decentralized finance world, Generative AI has sufficiently widened the gap between itself and the pack by revealing its expanded roadmap and utility, successfully catching the attention of experts and traders across the industry.
Key updates in the whitepaper include:
- Staking and distributed GPU L2 Network: Generaitiv introduces a decentralized GPU network run by its community to complete AI-based workloads, with node operators incentivized to participate and secure the network.
- Rewarding stakes with platform and protocol fees: Token holders who stake their tokens will be rewarded with a portion of the platform’s fees, creating a robust ecosystem that supports the growth and stability of the network.
- L2 Fiat Gateway: To facilitate seamless onboarding for users who may not be interested in acquiring GAI tokens on L1, Generaitiv will offer a direct fiat-to-GAI L2 token gateway via an L2 liquidity pool backed by staked L1 tokens.
- Hobbyist GPUs as an alternative to Proof of Work mining: Generaitiv’s L2 Network will enable underused GPUs to be rewarded for their contributions to the ecosystem, providing a more sustainable and profitable alternative to traditional mining.
- Bringing Generative AI on-chain: Generaitiv is breaking new ground by introducing the first-ever on-chain Generative AI, which will have profound implications for trustless real-world applications.
The introduction of on-chain Generative AI is a game-changer for the industry. By bringing AI on-chain, Generaitiv allows for the development of trustless, verifiable AI models that can be easily integrated into decentralized applications (dApps) and web3 platforms. This innovation will pave the way for more secure, transparent, and efficient AI solutions across various industries, such as finance, healthcare, supply chain, and more.
The continued abuses of centralized AI highlight the need for a decentralized and open-source alternative. Generative aims to address this issue by embracing the open-source philosophy, ensuring that AI models are accessible to a wider audience, and fostering innovation and collaboration. By harnessing the collective intelligence of a diverse, global community of contributors, Generative accelerates the development and evolution of AI algorithms and applications, while mitigating the risks associated with monopolistic control of AI advancements.
Generaitiv’s proposal to create a decentralized GPU network is timely, as many GPU operators have been left with excess computing power following the Ethereum Proof of Stake update. These operators are actively seeking new opportunities to generate revenue using their hardware investments. Generative’s platform will provide these operators with an innovative and profitable solution while driving the growth of decentralized AI technology.
As the demand for AI inferences continues to grow, Generaitiv’s decentralized ecosystem will play an increasingly crucial role in providing on-demand, efficient AI solutions. Through its groundbreaking innovations, Generaitiv is not only pushing the boundaries of AI technology but also shaping the future of Web3 integration, ensuring a more equitable, efficient, and innovative future for all with on-chain AI solutions.
Generative is a cutting-edge decentralized AI platform dedicated to making artificial intelligence more accessible, open, and trustless. By leveraging the power of blockchain and decentralized GPU networks, Generaitiv is revolutionizing the AI industry and paving the way for trustless real-world applications. With its commitment to fostering innovation and collaboration through an open-source philosophy, Generaitiv is empowering developers, researchers, and businesses worldwide to harness the full potential of AI technology. By breaking down barriers and enabling global participation, Generaitiv is shaping the future of AI, Web3, and beyond, ensuring a more equitable, efficient, and innovative future for all.