Animoca Ventures Champions KIP Protocol’s Vision

quick take

KIP Protocol celebrates a pivotal moment for AI in Web3 with strategic funding from Animoca Ventures. This partnership, which aims to democratize AI development, challenges the monopolies of big tech companies by giving full ownership to creators. Together with diverse global investors, KIP sets the stage for a fair and decentralized AI ecosystem.

KIP Protocol secures strategic funding to democratize AI development on Web3.

KIP Protocol, an emerging Web3-based layer for artificial intelligence, announced the completion of a strategic funding round led by Animoca Ventures, marking a pivotal step toward democratizing AI technology. This collaboration highlights the growing trend to leverage blockchain technology to foster more equitable digital ecosystems, particularly within the realm of AI.

The KIP Protocol aims to transform how AI applications, models, and data are distributed, interacted, and monetized on the Web3 platform. The KIP Protocol addresses a critical gap in the current technology landscape dominated by a few tech giants by providing an infrastructure that supports easy deployment and monetization of AI assets while ensuring creators retain full ownership. This initiative promises to open new avenues for AI app developers. This will help promote a more inclusive and competitive environment by enabling the creation of decentralized applications that connect to a variety of AI models and leverage a decentralized knowledge base.

Animoca Ventures’ strategic investment is consistent with KIP Protocol’s vision for a fairer Internet.

The strategic investment from Animoca Ventures, the venture capital arm of digital entertainment powerhouse Animoca Brands, is not just a financial endorsement, but a strategic partnership aligned with a broader vision of creating a fairer Internet.

Known for its significant contributions to digital entertainment, blockchain, and gamification, Animoca Brands brings a wealth of experience and resources. James Ho, President of Animoca Ventures, praised the mission and team of the KIP Protocol, highlighting the synergies between KIP’s goals and Animoca’s commitment to digital property rights and a more equitable Internet.

This funding round not only attracted Animoca Ventures, but also attracted participation from various investment DAOs, Web3 community leaders and funds from various regions, including Vietnam, EMEA, Latin America, Hong Kong and the UK.

This diversity reflects the universal appeal and potential impact of the KIP Protocol’s vision to democratize AI development, ensuring that the benefits of AI advancements are available to a wider range of creators and users globally.

KIP Protocol’s decentralized approach and $KIP token

The KIP Protocol’s approach is fundamentally different from centralized models of AI development and deployment. By promoting small-scale experiments and evolutionary pruning, the platform aims to foster innovation and break down monopolies held by big tech companies, as emphasized by Dr. Jennifer Dodgson, Chief AI Officer and Co-founder of KIP Protocol. do. This model not only empowers individual creators and small organizations, but also paves the way for a future where the next generation of AI innovations can emerge from the most unexpected places.

At the core of the KIP protocol design is a three-tier architecture that ensures the protection of digital property rights for all stakeholders, including model creators, app developers, and data owners.

The $KIP token underpins this architecture, facilitating secure and efficient monetization and ownership protection. This design principle is consistent with: Julian FeAs CEO and co-founder of KIP Protocol, he sees AI as a key driver of human progress and emphasizes the need for a more inclusive model where everyone can benefit from AI advancements.

The tech community is watching closely as the KIP Protocol prepares to launch its first decentralized application in the coming year. This venture not only represents a significant leap forward toward a more distributed and equitable AI future, but also a shift in the way technological innovations are developed, deployed and monetized in the digital age. With the support of Animoca Ventures and a consortium of global investors, the KIP Protocol aims to challenge the status quo and provide a glimpse into a future where AI is truly by and for people.

Also Read: Data Ownership Protocol (DOP) Launches Testnet Pioneering Optional Data Transparency in Web3