Co-founder of SoSoValue, Jiva Kwan, discussed this innovative AI-driven research platform and how to use artificial intelligence technology to revolutionize cryptocurrency investment research to achieve the popularization of high-quality investment analysis functions in the digital asset field.
Interviewee: Jiva Kwan, Co-founder of SoSoValue
Interviewer: Techbullion
The digital asset management industry faces significant challenges in providing secure, efficient, and user-friendly solutions for cryptocurrency investors. As the cryptocurrency market matures and scales, the demand for managing investment portfolios and optimizing investment strategies is increasing. Many existing solutions lack comprehensive functionality and fail to meet the complex needs of both novice and experienced investors. SoSoValue, a cryptocurrency research platform, is actively addressing these issues with its innovative approach.
By leveraging the latest artificial intelligence technology, SoSoValue aggregates a large amount of data and simplifies complex native cryptocurrency information into intuitive investment insights. The platform's comprehensive features, including an automatic categorization system, professional analysis tools, and real-time data monitoring, set it apart from other information platforms and have garnered support from a loyal user base.
The company recently announced a $4.15 million seed round of financing led by HongShan, with participation from GSR Markets, Alumni Ventures, CoinSummer Labs, OnePiece Labs, as well as co-founders of Gitcoin, early investors in Ethereum, and founders of top Web3 and AI technology companies. It is reported that this funding will accelerate the development of SoSoValue's AI-driven data services and expand its global research community to further empower cryptocurrency investors.
In this exclusive interview, we invited SoSoValue co-founder Jiva Kwan to discuss this innovative AI-driven research platform and how to use artificial intelligence technology to revolutionize cryptocurrency investment research to achieve the popularization of high-quality investment analysis functions in the digital asset field.
Institutional investors have better investment tools and data than retail investors, while native cryptocurrency users lack understanding of traditional financial operations
Techbullion: What inspired you to create the SoSoValue platform? How will SoSoValue revolutionize cryptocurrency investment research in recent developments (such as Bitcoin spot ETF)?
Jiva Kwan: The inspiration and original intention behind creating SoSoValue was to further popularize high-quality cryptocurrency investment research. Traditionally, institutional investors often have better investment tools and data analysis compared to retail investors. With the development of the cryptocurrency market, providing reliable market analysis insights to all investors is crucial. SoSoValue aims to bridge the gap between native cryptocurrency and traditional finance, using AI to simplify complex data so that everyone, regardless of their economic background or region, can make informed decisions more easily.
Techbullion: SoSoValue reached 1.2 million registered users within five months of its launch. What has led to this rapid growth, and how does it reflect the platform's effectiveness?
Jiva Kwan: Our rapid growth can be attributed to a clear product-market fit, meeting the demand for accessible and comprehensive cryptocurrency data with a user-friendly interface and effective marketing strategies. Building trust with early users was crucial. When we launched the SoSoValue Bitcoin spot ETF dashboard, it further amplified our success, helping both cryptocurrency and traditional investors understand the impact of Bitcoin ETF. Media exposure and positive market feedback also played a significant role, reflecting the effectiveness of our platform in meeting investor needs.
Techbullion: SoSoValue is the first to launch the Bitcoin spot ETF dashboard feature. Can you explain how this feature works and its significance for institutional and retail investors?
Jiva Kwan: Before the approval of the Bitcoin spot ETF, we noticed that native cryptocurrency investors lacked an understanding of traditional financial operations. Conversely, traditional finance investors were equally confused about how cryptocurrency ETFs would affect stocks and the cryptocurrency market. Therefore, when the Bitcoin ETF was approved, we combined insights from the cryptocurrency and traditional finance fields, introducing concepts such as daily net inflows and outflows of spot ETFs. This metric effectively measures the amount of funds flowing from traditional financial markets into the cryptocurrency market to purchase Bitcoin, helping investors observe capital and market liquidity flows.
Based on this, we created the SoSoValue Bitcoin spot ETF dashboard feature to help users quickly understand the impact of Bitcoin ETF and track key changes in ETF indicators. After its launch, we received enthusiastic market feedback, and several media outlets such as BSCN and Foresight News quoted our data. The widespread exposure of the Bitcoin ETF dashboard also brought us a large number of high-retention-rate quality users.
Techbullion: With the recent $4.15 million seed round financing led by HongShan and other prominent investors, how do you plan to allocate these resources to enhance SoSoValue's capabilities?
Jiva Kwan: The $4.15 million raised in this round of financing will primarily be used to develop and iterate new AI products, build a global research community, and develop a global high-value user base. We fully understand and acknowledge that SoSoValue is making a long-term commitment closely related to the entire industry's development. In addition to this round of financing, several co-founders of SoSoValue have also committed to using the profits we have obtained from early investments in stocks and cryptocurrency markets (nearly $10 million) to support the project's long-term development and growth. Our vision is to bring real value to the growth of the cryptocurrency industry and make a significant contribution.
The main challenges for cryptocurrency investors include information overload, volatility, and the technical nature of cryptocurrency assets. AI helps to transform complex native cryptocurrency information into intuitive investment insights
Techbullion: SoSoValue aims to "transform complex native cryptocurrency information into intuitive investment insights." Can you explain in detail how your AI technology achieves this goal?
Jiva Kwan: Our AI technology processes a large amount of cryptocurrency data, including market trends, on-chain data, and social sentiment. It analyzes and interprets this data using machine learning algorithms to present it in an intuitive manner. We use large language models to classify, tag, translate, and summarize information, ensuring high accuracy. This enables investors to quickly find relevant insights and stay informed about key changes. The SoSoValue News Bot, which we are currently developing, is supported by AI and will directly deliver these updates to users.
Techbullion: The SoSoValue platform includes features such as multi-indicator comparison, real-time charts, and on-chain tracking. How do these tools specifically address the challenges faced by cryptocurrency investors?
Jiva Kwan: These tools are designed to address the main challenges faced by cryptocurrency investors: information overload, volatility, and the technical nature of cryptocurrency assets. Multi-indicator comparison allows users to evaluate assets based on multiple factors simultaneously, real-time charts provide the latest data to track market trends, and on-chain tracking offers transparency into actual transactions and activities on the blockchain. These combined features provide a comprehensive perspective to support better decision-making.
Our product-market fit (PMF) was reflected when we launched the SoSoValue Bitcoin spot ETF dashboard. This dashboard bridged the understanding gap between traditional finance and cryptocurrency impacts, helping users track key indicators and received enthusiastic market feedback and media citations. The success of the Bitcoin dashboard demonstrates our commitment to providing insightful tools for investors.
Techbullion: SoSoValue is developing AI-driven personalized update bots. How will these bots enhance the user experience?
Jiva Kwan: The AI-driven Telegram bot will provide personalized updates based on users' preferences and interests. This includes real-time alerts on major market trends, personalized news delivery, and customized investment insights. By integrating these bots, we enable users to easily access information and make timely decisions without the need for continuous market monitoring.
SoSoValue utilizes large language models (LLM) to filter, categorize, tag, translate, and summarize a large amount of information from thousands of web crawlers. We remove irrelevant information and classify and tag the remaining information to specific cryptocurrencies with 95% accuracy, allowing investors to quickly find relevant information or access it through an API. Additionally, our internal AI model can identify abnormal fluctuations and key changes in on-chain and off-chain data, immediately pushing updates to users. You can experience the functionality of the SoSoValue News Bot on Telegram.
In the current complex and opaque cryptocurrency market, "the right to be seen" has become a new demand for equality
Techbullion: You mentioned plans to support independent researchers sharing insights. How does this initiative align with SoSoValue's mission of information equality?
Jiva Kwan: Supporting independent researchers aligns with our mission of information equality, ensuring that all users have access to diverse viewpoints and insights. In December 2023, our research grant S1 attracted nearly 200 high-quality research reports and gained recognition from KOLs (Key Opinion Leaders) such as VicTALK and Cryptobaby, increasing SoSoValue's visibility. By incentivizing and highlighting independent research, we have improved the quality of investment insights, enabling investors to make more balanced decisions. This initiative promotes a decentralized research ecosystem, empowering talented and reputable researchers while creating an inclusive and comprehensive information platform, democratizing access to high-quality cryptocurrency data for everyone.
Techbullion: Could you provide more information about your partnerships, such as the collaboration with SafePal, and how these partnerships benefit your users?
Jiva Kwan: Our collaboration with SafePal demonstrates SoSoValue's commitment to enhancing user experience through strategic partnerships. We have integrated SoSoValue's AI voice daily briefing, cryptocurrency aggregation stream, and market price fluctuation alerts into the SafePal platform, helping users gain valuable insights and enriching their in-app experience. Additionally, SafePal's user base of over 20 million users in more than 200 countries has expanded our influence and validated the practicality of our AI-driven insights.
Furthermore, SoSoValue has also partnered with leading cryptocurrency media such as BSCN to provide real-time, accurate, and actionable data for cryptocurrency investors. For example, our AI agent bots can provide personalized cryptocurrency news and customized data for the target audience of each media partner, enhancing user engagement and overall news consumption experience. The customizable vertical AI agents provided by SoSoValue also significantly improve the effectiveness of trading strategies for hedge funds and institutional partners.
Overall, these partnerships help SoSoValue build a comprehensive and dynamic ecosystem, enabling users to navigate and perform well in the rapidly changing cryptocurrency environment.
Techbullion: Looking ahead, how does SoSoValue plan to adjust its products to meet the needs of the next billion investors entering the cryptocurrency asset allocation?
Jiva Kwan: SoSoValue will always prioritize investors, aiming to make the cryptocurrency investment environment more transparent and fair. In the current complex and opaque cryptocurrency market, "the right to be seen" has become a new demand for equality. Every outstanding researcher, cryptocurrency, and project should have the opportunity to be fairly showcased and recognized.
We plan to promote a thriving global research community by providing free data, charting tools, and other key resources and incentives. Additionally, we will host two "Researcher Competitions" annually to cultivate a high-quality, unbiased cryptocurrency research ecosystem.
At the same time, we will continue to develop a unified information service platform to bridge the gap between native cryptocurrency and traditional investors. SoSoValue's interdisciplinary team continues to innovate, using AI technology, the opportunity presented by ETF development, and rapid feature iteration to meet the needs of cryptocurrency investors. Additionally, the platform's Dex feature provides real-time on-chain transaction information, and we will continue to improve the data dashboard. The ultimate goal is to achieve the best product-market fit (PMF) and establish SoSoValue as a central hub for cryptocurrency investment research.
In summary, SoSoValue aims to drive greater transparency and equality in the cryptocurrency market, ensuring that valuable insights and new projects have an equal opportunity to be "heard and seen" on our platform, thereby positively impacting the entire cryptocurrency ecosystem.
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