Overview
AIT Protocol is a pioneering platform in the realm of Web3 data infrastructure, focusing on data annotation and the training of AI models. It utilizes blockchain technology to create a decentralized labor market, which transcends international boundaries and incentivizes participants through crypto economics. This ecosystem enables rapid and secure cross-border payment settlements, offering millions of cryptocurrency users the opportunity to earn rewards by engaging in “Train-to-Earn” tasks while contributing to AI development.
Data Annotation Platform
The AIT Protocol’s data annotation platform revolutionizes traditional data labeling processes by involving crypto users with specialized knowledge in blockchain and decentralized applications. This approach ensures that the annotated data is both accurate and contextually rich. The platform actively incentivizes contributors with rewards, fostering a community-driven effort that elevates the standards of precision and collaboration in data annotation. The annotated datasets play a crucial role in training and refining AI models, enhancing their applications in the crypto space.
Tokenomics
The native token of the AIT Protocol ecosystem is $AIT, which serves as both a utility and governance token. With a fixed supply of 1 billion tokens, $AIT is used to pay for various services within the platform, including subscription fees, data processing, AI rental, and Launchpad services. A significant portion of the $AIT supply has been burned, with ongoing buyback and burn processes aimed at reducing the supply to 20% or below, enhancing the token’s value and utility over time.
From CoinGecko:
According to GoPlus, the contract creator can make changes to the token contract such as disabling sells, changing fees, minting, transferring tokens etc. Exercise caution. ⚠️
Subnets and Ecosystem
AIT Protocol operates the Einstein-AIT Subnet on the Bittensor network, focusing on AI/ML models for tasks requiring advanced mathematical and logical reasoning. This subnet is managed in partnership with General TAO Ventures, a subsidiary of Contango Digital Assets, which supports the integration of the subnet into the broader Bittensor ecosystem. The subnet aims to reduce hallucinations in language models, improving their reliability and efficiency in performing complex tasks.
Team and Founders
AIT Protocol’s team consists of 30 full-time employees who specialize in delivering data annotation tools through web3 innovation for AI/ML model training. The company’s mission is to enable the seamless integration of AI into various industries, promoting efficiency, accuracy, and innovation. The team is led by experienced professionals with a deep understanding of AI and blockchain technology, ensuring the platform’s potential to make a significant impact across various sectors.
Community and Governance
Community-driven governance is a cornerstone of the AIT Protocol, allowing stakeholders to participate in platform decisions. The protocol provides workshops, webinars, and educational resources to help businesses and individuals understand the benefits of data annotation and AI. Plans for cross-chain compatibility, international expansion, and the introduction of premium features and subscription models are also in place to foster growth and enhance platform utility.
