Data surrounds us everywhere and its value is more than immense – it is also backed by the projection of a massive $3 trillion in value over the next decade. It could be that in today’s competitive landscape, high-quality data is essential for businesses.
It even means that without leveraging data effectively, businesses risk falling behind. Well, this is exactly where Nuklai jumps in to the rescue… In this Coinreport we take a look at what Nuklai offers…
Nuklai is a layer 1 blockchain built on Cosmos that provides and supports data marketplaces and tries to find a way to unify the fragmented data landscapes. What this means is that the platform allows users to share, request and evaluate data that will be focused on AI and LLM’s, which are longer than today’s trending models.
It does this by connecting data points and converting them into what Nuklai terms “smart data.” Which transforms raw data into a format that is ready for collaboration. Much like how documents stored on Google Drive can be shared and edited among team members, smart data allows for sharing and utilization.
Nuklai aims to unify the fragmented data landscape. Companies store millions of TB of data without using it to its fullest. We provide the infrastructure for sharing, evaluating and combining this data for AI training and new business opportunities.
Nuklai is built on two blockchain networks, which collectively support the diverse data management and computational needs of modern AI systems. The infrastructure is powered by the Nii token, which facilitates various operations such as data sourcing, sharing, classifying, accessing, training, and querying.
MatthijsDeVries – CEO of Nuklai and Nexera’s CTO that Co-founded Nexera_Official in 2018. He has experience in Web3 includes a founding role at Nuant, strategic advising at BrillionFi, along with a leadership position at PostNL.
Nuklai’s team is composed of some of the top minds in the Web3 space. With the core team that includes: Jochem, Head of Ecosystem, Gerbenbergh, Head of Business Development,
Bas Wiersma, Head of Technology, J Burgos, Head of Growth Marketing, and Borovviec, Brand Marketing Advisor and founder of WIOSNA (branding/communications), previously did branding for AllianceBlock.
This review of Nuklai (NAI) was created for informational purposes. This article is not intended for promotion.
The platform offers several key features, including a collaborative data marketplace that connects data enthusiasts, SMEs, and institutional partners for effective data sharing and monetization.
Despite the rapid adoption of AI technologies, one significant challenge remains unaddressed: the sourcing and quality of data. High-quality data is critical for the effective functioning of AI systems, yet there is a notable gap in the availability of such data. Moreover, the existing data often lacks proper contextualization, which is essential for ensuring that AI systems can understand and process it accurately.
While AI agents are already operational to some extent, there’s a significant amount of development needed for them to perform complex tasks autonomously. Currently, AI agents require access to APIs (Application Programming Interfaces) to interact with different services.
The potential for AI agents to read API documentation and build their own connectors is on the horizon. This would allow them to adapt and learn new tasks on the fly, creating integrations as needed without prior specific programming for each task.
Blockchain’s immutable ledger ensures that every data transaction or AI decision can be tracked and verified, which is crucial for transparency. This feature is particularly beneficial for AI applications like large language models (LLMs), where data sourcing and usage are critical.
The platform boasts an impressive array of integrations and partnerships with market leaders like Filecoin, Fetch.ai, Chain GPT, peaq, AvaLabs, NeurochainAI, BrillionFi, exa bits, Crunchbase, gpunet, ionet, dremio, CubeMatchLtd, oortech, Web3Go, EMCprotocol, Ponder One, and dozens more.
This extensive network of collaborations positions Nuklai as a central hub for AI and blockchain innovation, leveraging the strengths of its partners to create a robust, transparent, and secure ecosystem for data sharing and AI development.
The native token, NAI, is central to the platform and is used for transactions, staking, and governance. The total supply of NAI tokens is capped at 10 billion.
At the Token Generation Event (TGE) in April 2024, the initial market cap was approximately $3.1 million. Nuklai’s seed round has already raised over $1.9 million, demonstrating strong investor confidence in the project.
The use of the NAI token as a utility token within the ecosystem incentivizes participation and aligns the interests of all stakeholders. The fixed supply cap ensures long-term value retention and scarcity, while the successful seed round provides the necessary resources for the team to continue developing and expanding the platform.
The official contract address is:0x5Ac34C53A04B9aaA0BF047e7291fb4e8A48f2A18. If you need to bridge NAI tokens from ETH >< AVAX. You can do it via the following: https://alliancebridge.io/bridge
Originally they choose HyperSDK for its high speed and small data footprint. But as their plans got bigger, they needed a platform that could handle more complex data and provide reliable tools from day one. Cosmos stood out with its proven modules, thriving developer community, and production-ready setup.
The tokens are allocated to various stakeholders to incentivize participation and investment in the ecosystem. Key allocations include 29.3% for ecosystem and liquidity, 20% for nodes, 10% each for the Nexera project and team, around 12% for seed and private investors, and 4% for the community, each with specific vesting schedules to manage market entry.
Staking is also an important component of Nuklai’s strategy, as holders can stake their tokens to run validator nodes, with 2 billion NAI set aside for rewards. This staking offers an Annual Percentage Rate (APR) of about 25%.
To begin staking Nai tokens, follow these steps:
Working with over 50 enterprises and many famous names could be a sign that Nuklai focuses heavily on the end goal of AI implementation and could be a solution to the concept of poor data management scalability.
As the demand for effective data solutions is much higher than anticipated and as data becomes more crucial not just for AI but for automating many other business processes, we can see that the thing Nuklai wants to embody could do well.
On the other hand, the project is active but the token price is dead. If we look at CoinGecko we see that there is a warning that the contract address could be altered. This is something to consider before investing in this project that offers a solution for data management and their ambitious goals and stiff competition in the AI blockchain arena.
In today’s data-driven world, being able to efficiently collect, analyze, and act upon data is crucial for any business aiming to succeed. Nuklai platform and approach to smart data offer a promising solution to the challenges of data management and utilization, enabling businesses to unlock their true potential and thrive in a competitive environment.
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