Qtum Foundation Acquires 10,000 Nvidia GPUs to Power AI-Driven Web3 Revolution

Qtum Foundation has acquired 10,000 Nvidia GPUs to power its initiatives in Artificial Intelligence (AI). Planned initiatives include a conversational chatbot, text-to-image generation model, and improvements in image generation, voice-based conversational bots, image recognition, and filters/effects. Basic access to Qtum AI services will be free, while premium features such as renting computing power and blockchain-based intellectual property protection will require Qtum tokens.

Qtum Foundation Acquires 10,000 Nvidia GPUs for AI Initiatives: Ushering in the Era of AI-Powered Web3

Singapore, Singapore - April 22, 2024 - Qtum Foundation, a leading blockchain platform, today announced a significant investment in artificial intelligence (AI) with the acquisition and onlining of 10,000 Nvidia GPUs. This strategic move marks a pivotal step for Qtum as it embarks on a multi-stage rollout plan to integrate cutting-edge AI capabilities into its Web3 ecosystem.

AI-Enhanced Products:

As part of this initiative, Qtum Foundation has launched two alpha products:

1. Qtum Solstice: A conversational chatbot comparable to ChatGPT, powered by open-source models. It offers users engaging and informative interactions.
2. Qtum Qurator: A text-to-image generation model akin to Midjourney, also leveraging open-source models. This tool empowers users to create stunning images with ease.

Three-Stage Rollout Plan:

The deployment of Qtum Solstice and Qtum Qurator marks the first stage of a comprehensive three-stage rollout plan. Subsequent stages will focus on developing a modeling layer and a decentralized economy layer, seamlessly integrating AI functionalities into the Qtum blockchain.

Technical Expertise and Key Capabilities:

Leading up to this milestone, Qtum developers have diligently monitored the advancements in AI, culminating in the acquisition of specialized expertise in four key areas:

1. Intelligent Dialogue: Covering knowledge-base question-and-answer systems, text-based games, and more.
2. Speech Generation: Encompassing text-to-speech, speech-to-text, cross-language conversations, and emerging technologies.
3. Image Generation: Including text-to-image conversion, image super-resolution, 3D cartoon image generation, AI-based face swapping, facial/expression/pose detection, and more.
4. Video Generation: Covering video re-rendering/face swapping, animated illustrations, and other demanding video manipulation technologies.

Utilizing these capabilities, Qtum developers have the capacity to develop and offer a wide range of AI features, such as:

1. Keyword-based Image/Video Generation: Enabling users to create customized image and video assets based on specific keywords.
2. Emotional AI Voice-based Conversational Bots: Providing AI bots that accurately understand user intent and respond empathetically through voice or text, facilitated by advanced "Natural Language Understanding" technology.
3. Intelligent Image Recognition: Employing computer vision techniques to help users identify image content, particularly useful for categorizing large image sets or searching for specific characteristics.
4. AI-based Filters and Photo Effects: Offering users access to diverse makeup, photo filters, and other effects, enhanced by AI's ability to generate custom results.

Harnessing Qtum's Decentralized Nodes:

By leveraging Qtum's decentralized nodes, the Foundation aims to open-source AI models and engage the community in developing innovative and practical AI solutions. In the coming months, Qtum plans to introduce up to 10 additional AI-related products, fully utilizing the acquired GPU infrastructure. This abundance of computing power will serve as a catalyst for partnerships and joint development initiatives.

Premium Services and Token Integration:

While basic access to Qtum AI services will be offered free of charge, the Foundation plans to introduce premium features, such as renting significant computing power or securing blockchain-based intellectual property with Qtum tokens. This move further strengthens the connection between Qtum's AI initiatives and the QTUM token.

Qtum's Legacy of Innovation:

Qtum has a proven track record of delivering tangible solutions that other projects have discussed for years without fully implementing. In 2017, the Qtum Blockchain introduced an EVM-capable smart contract platform with native UTXO support, staking capabilities, and dynamic gas fees and block sizes, all achieved without compromising decentralization or increasing environmental impact.

About Qtum:

Qtum is a blockchain platform that combines the security of Bitcoin with the smart contract capabilities of Ethereum. Its focus on decentralized governance, speed, and energy efficiency has made it a prominent player in the blockchain industry. Qtum's governance model empowers the community to adjust critical parameters through smart contracts, and its network currently processes approximately 1100 transactions per second, with potential for scalability to handle millions to billions of transactions per second. Qtum utilizes a proof-of-stake system, allowing users to participate in securing the network with low-powered devices or even offline.

Contact Information:

Miguel Palencia
[email protected]