James Ding
Sep 23, 2024 12:46
Uncover insights on decentralized AI, the importance of Ethereum ETPs, and authorized protection for crypto creators, in line with a16z crypto.
The intersection of synthetic intelligence (AI) and cryptocurrency is changing into more and more related, with consultants discussing how these applied sciences can mutually profit one another. In response to a16z crypto, the deployment of bigger computational energy for AI coaching provides large tech firms a bonus over startups. To degree the taking part in subject, startups want reasonably priced entry to large-scale computing energy. The co-founders of Gensyn emphasised the significance of constructing a decentralized, permissionless machine studying protocol that may practice AI fashions on just about any compute gadget globally.
AI x Crypto: Centralization vs. Decentralization
This week, the web3 with a16z podcast revisited the AI x crypto theme, exploring the strain between centralization and decentralization. The dialogue ranged from deepfakes and bots to the necessity for proof-of-humanity in an AI-driven world. It additionally coated giant language fashions like ChatGPT, consumer management, privateness, safety, zero-knowledge machine studying (zkML), and functions in media and artwork.
The Significance of Ethereum ETPs
In latest months, U.S. inventory exchanges launched exchange-traded merchandise (ETPs) based mostly on Ether, following the itemizing of Bitcoin ETPs earlier this 12 months. Whereas a lot has been stated about these ETPs as funding merchandise, their broader implications for the crypto business are vital. Scott Walker, chief compliance officer at a16z and former SEC advisor, defined the variations between ETPs and ETFs, and the benefits and downsides of BTC and ETH exchange-traded merchandise.
Authorized Protection Fund for Crypto Creators
Artists and creators have been early adopters of blockchain expertise, together with NFTs, to monetize and management their work. Nonetheless, they now face potential scrutiny from the Securities and Trade Fee (SEC). To assist these creators, a16z crypto and different organizations have partnered to supply authorized providers and consultations, making certain that artists can experiment with new applied sciences with out concern of presidency motion.
Gaming and Blockchain
The web3 with a16z podcast additionally delved into sport design and the mixing of blockchain expertise in gaming. Hilmar Pétursson, CEO of CCP Video games, mentioned the studio’s blockchain-based overhaul of EVE On-line and the invitation for playtesters. The dialog coated the expertise and financial design of the sport, how area of interest cults can break into mainstream tradition, and the affect of gradual databases on gameplay.
Trusted Execution Environments (TEEs)
Trusted Execution Environments (TEEs) present an remoted atmosphere for executing functions, making certain safety no matter the remainder of the computing system. TEEs are advancing due to ongoing work in blockchain expertise. Ari Juels from Cornell College mentioned using TEEs in blockchain infrastructure, specializing in block-building and honest ordering of consumer transactions. He additionally addressed safety considerations and privacy-preserving programs in TEEs.
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