Author: Rainy Sleep

What are the early-stage AI projects that can be participated in currently?

io.net is a decentralized computing network. Users can participate in its early-stage token activities through GPU computing power. However, for ordinary users, the threshold for a major involvement is relatively high.

In addition to io.net, the participation threshold for MyShell is relatively simpler. The reason I am interested in it is simple - MyShell was selected for the sixth season of the Binance Labs global incubation program, and OKX Ventures also mentioned in their investment report that they have invested in the MyShell project. Additionally, MyShell has also joined the NVIDIA Inception program to promote open-source AI development and empower the creator community.

Next, I will briefly introduce the MyShell project to everyone.

MyShell Overview: In simple terms, MyShell is a fair and open-source AI ecosystem that covers a wide range of open and closed-source AI models, serving as an AI agent/APP creation platform where creators can build applications and easily attract users. The platform is perceived by users/creators as a platform that supports private AI customization - creators are responsible for providing AI-related applications to receive incentives, while users can earn rewards by using these applications. Currently, the main applications on MyShell are various AI robots, such as chatbots and content creation bots.

Advantages

MyShell's advantages are focused on the following three points:

• Strong technical capabilities: MyShell has launched multiple self-developed open-source AI models, with a total of 3 models open-sourced on GitHub, accumulating nearly 20K stars (https://github.com/myshell-ai). Among the AI projects I have seen, MyShell is the first Web3 project to release self-developed open-source AI models, solidifying its technical foundation.

• Open creator economy: Creators can easily utilize the models provided by MyShell and third-party models for creation, greatly reducing the threshold for creators.

• Sound ecological incentive system: MyShell's ecological incentive system aims to provide creators and users with incentives matching their contributions (users -> data, creators -> applications). In addition to users and creators, model providers and investors in creator AI applications can also receive corresponding incentives.

For more information about MyShell's badge system, you can refer to this article: "Detailed Explanation of Myshell Badge System: Leading Practice of AI and Web3 Creator Economy"

How to Participate?

https://app.myshell.ai/zh/rewards-center

After opening the link, go to the Rewards Center and complete the corresponding tasks to receive point rewards.

Additional Information

MyShell has a sound infrastructure and provides creators with a feature-rich APP application store. Through the store, creators can publish and manage their AI applications, and users can easily find AI applications that meet their needs. Currently, under the points incentive policy, the number of registered users on MyShell has exceeded one million, and the number of core AI Agent creators has also exceeded fifty thousand.

It is also worth mentioning that MyShell focuses on the democratization of AI. In simple terms, it does not want users and creators to be confined to the limitations of fixed AI models - they can freely choose different AI models.

Currently, MyShell has become the preferred use case for the programmable IP layer Story Protocol (led by a16z, with a financing of 54 million) and the AI execution layer Ritual. Quoting from Deep Tide Express: "Developers can register AI models as intellectual property on Story Protocol to achieve scalable authorization and new revenue models. The collaboration between Story and Ritual is committed to building powerful tools to support reasoning proof and digital watermarking solutions, achieving traceability and traceability of model generation. The first use case of the collaboration is with MyShell, running MyShell AI models on Ritual's infrastructure and registering them as IP assets on Story Protocol."

Narrative: AI + Content Creation

Many people's intuitive understanding of MyShell is a platform for creating AI voice bots (including the introduction by many information platforms), but from the perspective of Web3 thinking, MyShell is actually an underlying infrastructure for AI models. The application store is more like a Launchpad, attracting users to participate through incentives and helping creators build their own applications and issue tokens.

Team Background

MyShell's co-founders Rick and Ethan have both been deeply involved in the AI field for over 10 years, with rich experience in AI product development and market operations, and have held leadership roles in AI unicorn companies. The team members mainly come from universities such as MIT, Princeton, and Oxford.

Financing

MyShell, with a valuation of 57 million, completed a financing of 5.6 million, with participation from Hashkey Capital, Folius Ventures, SevenX Ventures, and others.

Overall, from the narrative (AI) and background (investment institutions + BN incubator), MyShell belongs to the T1 level project. At the same time, when mentioned in many places, MyShell is also mentioned in parallel with io net - it is worth noting that io net is a project valued at 1 billion. In summary, I personally believe that MyShell is a project worth continued attention and participation.

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