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Cryptocurrency News Articles
Nuklai's $NAI Token Launch Soars, Fueling Demand for AI-Empowering Blockchain Infrastructure
Apr 17, 2024 at 02:00 am
Nuklai, a Layer 1 blockchain infrastructure enhancing data ecosystems for AI advancements, announces its upcoming Token Generation Event (TGE) and multiple listings for its native token, $NAI. The Initial DEX Offering (IDO) on prominent platforms sold out within minutes, showcasing robust demand. The token will be available on centralized exchanges, including Gate.io Startup and MEXC, aiming for an initial market capitalization of $3 million. Nuklai's platform transforms raw data into 'smart data', leveraging untapped data sources to empower next-generation AI through its marketplace, distributed infrastructure, and smart data ecosystem.
Nuklai's $NAI Token Launch Exceeds Expectations, Signaling Robust Demand for AI-Empowering Blockchain Infrastructure
Nuklai, a pioneering Layer 1 blockchain infrastructure tailored for data ecosystems that accelerate AI advancements, has announced the highly anticipated Token Generation Event (TGE) for its native token, $NAI. The Initial DEX Offering (IDO) unfolded on prominent platforms including ChainGPT Pad, Ape Terminal, and WePad, spanning April 15th to 16th.
The remarkable demand for $NAI was evident as the token sold out on ChainGPT in an astounding 20 seconds and on Ape Terminal in an even more rapid 10 minutes. The token is priced at $0.003, targeting an initial market capitalization of $3 million, with a total supply of 10 billion $NAI tokens.
Following the successful IDO, Nuklai is poised to expand its token's reach through strategic partnerships with several centralized exchanges. The token has already commenced trading on Gate.io Startup on April 15th, with an allocation of 13,333,334 $NAI tokens designated for this platform. Additionally, MEXC is set to list the token on April 17th, introducing the $NAI/USDT trading pair.
Nuklai stands out as an indispensable infrastructure provider within the blockchain landscape, empowering next-generation AI through its multifaceted marketplace, end-to-end distributed infrastructure, and sophisticated smart data ecosystem. The marketplace serves as a catalyst for unlocking the potential of untapped data, opening up new revenue streams and unifying the fragmented data landscape to streamline processes and forge novel business opportunities.
The project's remarkable trajectory is reflected in its recent operationalization on the Ape Terminal platform, successfully onboarding over 30 esteemed companies, notably GPU.net and SSA Group. This rapid adoption solidifies Nuklai's position as a leading Layer 1 solution for AI, supported by contributions from 1.5k data professionals, data sourced from 4K VCs and 2.5M organizations, and the strategic acquisition of over 250k GPUs prior to the token's public launch.
Nuklai confronts a fundamental challenge that plagues enterprises today: the staggering amounts of dormant data scattered across diverse sources, often created over extended periods. To remain competitive and harness the transformative power of AI for innovation, enterprises require a robust mechanism to aggregate and optimize this data. Nuklai's transformative platform seamlessly converts raw data into what it aptly terms 'smart data'—data standardized in format and imbued with layers of contextualized metadata that enhance its utility in AI applications.
The process employed by Nuklai encompasses three distinct steps:
- Generalization: Enterprise data is meticulously standardized, formatted, and cataloged to establish a uniform foundation.
- Contextualization: Internal organizational members and external contributors from Nuklai's thriving community collaborate to enhance the data through contextualization, adding layers of metadata that enrich its value.
- Smart Data Provisioning: Enterprises are provided with deeply contextualized smart data, which serves as the cornerstone for training AI models, unlocking innovation and monetization opportunities.
This comprehensive approach enables the training of large language models (LLMs) and taps into the burgeoning market for AI and LLM smart data training, projected to reach a staggering USD 4.35 billion in 2023.
"The prevalent notion that data is the new oil is an understatement; it has become our very oxygen, vital for our existence" asserts Matthijs de Vries, the visionary founder of Nuklai. "Metadata represents the true new oil, but its raw form is akin to crude oil and requires refinement. Nuklai's ecosystem enables community members to contribute to metadata enhancement, unlocking its true value."
He further elaborates: "Enterprises grapple with the paradox of being data-rich yet insight-poor, burdened by vast reserves of underutilized data. At Nuklai, we tackle this challenge head-on, transforming isolated data into 'smart data'. Nuklai's robust infrastructure encompasses specialized clusters where smart data can seamlessly train AI models, interoperate with other smart data, establish private data networks for sector-specific companies, and unlock new avenues for data source monetization."
The upcoming $NAI token launch marks a pivotal step in Nuklai's mission to revolutionize the utilization of data across industry sectors. With the launch of its proprietary blockchain, Nuklai aims to simplify the process of data sharing, contributor participation, and distributed computing essential for AI training. The network's architecture revolves around a dual-layer design: a settlement layer for data pipelines and transaction execution, complemented by a computing layer dedicated to AI training and data processing. This robust framework is further bolstered by an 'Edit to Earn' (E2E) model, incentivizing continuous smart data development through contributor rewards.
Nuklai has already launched its groundbreaking public campaign, Bitcoin Sentiment Research, offering rewards of up to 1 BTC for individuals who contribute to a crowdsourced dataset by submitting their Bitcoin price predictions over a period of at least five days. The project is planning a large-scale incentivization program, where active users on the network's testnet will be eligible for additional rewards. Users can participate by exploring various functionalities on the testnet, such as creating community datasets and subscribing to different datasets.
Nuklai's market traction has been remarkable even prior to its TGE. The project recently forged a strategic partnership with AI-driven DePIN Brainstems, poised to become the inaugural enterprise builder on the network. Brainstems's esteemed clientele includes industry giants Nestle and Danone, who will soon reap the benefits of the Nuklai ecosystem. The project has also garnered the support of influential thought leaders in the crypto media space, notably CryptoWizard, Cyclop, and the renowned Mitch Kapor, CEO of the blockchain-focused funding database Kapo Capital.
The imminent TGE and exchange listings represent significant milestones in Nuklai's unwavering commitment to building and expanding its ecosystem. The project positions itself at the forefront of the transformative era of data-driven AI systems, poised to revolutionize industries and unlock unprecedented possibilities.
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