🛣️ Our Journey
Before delving into the history and development blueprint of DIN - the team behind the project, let's first revisit the journey from its inception to the present. This journey showcases technological advancements and team growth and reflects our vision for the future.
Inception Phase: The project commenced at the end of 2021. For a considerable period, the project had only two full-time staff members, with others, including designer Olivia, product manager Guo, front-end developer Z, and marketing manager Mel, assisting in the development and operation of DIN part-time. Initially, DIN focused on analyzing and visualizing data on the Polkadot ecosystem. It launched a real-time monitoring dashboard for Crowdloan during the Polkadot parachain auction period, becoming one of the most notable data projects of the time. As various projects' parachains were launched, the staking data dashboards were tailored for each parachain. This phase can be termed DIN's 1.0 stage, where we established a direction for development and began forming our team. We sincerely thank the Web3 Foundation for providing grant support during this stage, which was crucial for our initial funding. Our efforts culminated in the development of Cumulon, a product focused on monitoring staking on Polkadot parachains, currently supporting six parachains for staking data monitoring and asset management.
Financing Phase and Development Period: Many users warmly received our first product, prompting the DIN team to begin fundraising and continue product development. We subsequently developed chain analysis tools for business customers and community developers, Analytix. During this phase, we achieved two significant milestones. First, our products began serving our first major customer, Moonbeam Network, providing various data metrics for the Moonriver and Moonbeam Networks, supporting the Moonbeam team's decision-making process. In 2023, we extended our data services to the BNB Chain and Manta Network. The second milestone was the completion of our seed round funding at the end of 2022, valued at 30 million USD, with participation from Binance Labs, Hashkey, Shima, LIF, and other institutions. This funding allowed us to expand our team and develop a richer product line rapidly.
Embracing AI: By 2023, with the rapid development of large models and the widespread use of ChatGPT, we anticipated that artificial intelligence would be a significant technological trend over the next decade, bringing substantial changes to the cryptocurrency domain. We began to explore how AI could be integrated with blockchain technology. AI-generated content (AIGC) could also emerge as a new asset class, necessitating a technological platform and infrastructure for assetization, with blockchain's immutable nature providing foundational technological support. Subsequently, we launched the Reiki platform, an AI-Agent UGC platform that combines AI and data, allowing users to create AI-native content, monetize them, and trade them. As of May 2024, over 29,000 AI agents have been minted as on-chain assets and traded on the Element platform. We also introduced a commercial version of Reiki to provide project teams with a one-stop AI-powered community knowledge and data solution. The BNB Chain has already adopted Reiki Agent, offering community users a knowledge base Q&A service.
The Next-Generation Blockchain Network for Data and Artificial Intelligence: We have recognized two crucial trends as AI technology evolves. First, AI agents will fundamentally change how users interact with software, replacing multiple Apps or dApps with a unified personal assistant. This assistant communicates with users in natural language, interprets user intentions, converts these intentions into executable code, and employs the optimal strategy for execution. Second, to continuously improve the AI agent's capabilities, a vast amount of data is required for AI training. This data includes both public and private user data. A significant volume of cleaned public data is essential for AI agents to make accurate decisions; likewise, the more personal data AI agents have access to, the more accurately they can meet customized user needs (here, we will not delve into potential privacy issues related to data authorization).
Based on this, we have defined DIN's long-term vision:
Cook Data for AI.
The value proposition of DIN is:
To build a data intelligence network founded on the synergy among people, data, and AI.
Using blockchain as the record and settlement layer, we aim to build a primary data layer to collect, validate, vectorize, and incentivize both on-chain and off-chain data.
In the future, we believe AI agents will completely transform how users access information and interact with the blockchain.
AI agents with various capabilities will provide users with fully customized information and assist users in performing complex operations. The iterative improvement of AI capabilities requires everyone to contribute high-value data. As more data becomes available, AI agents will have access to increasing information, making the network more intelligent. A more brilliant network will, in turn, help humanity solve increasingly complex problems, benefiting data contributors and developers. The three fundamental elements of data, people, and artificial intelligence will work together and promote each other, leading to positive iterations of the Data Intelligence Network and continuously increasing the network's value.
Let's embrace this new era shaped by AI and crypto, built by everyone and benefiting everyone.
So, are you ready to embrace the new era of the artificial intelligence and data revolution?
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