Lumerin Launches Testnet Node for Decentralized AI Computing on Morpheus AI Network

Lumerin, a protocol and foundation layer technology that uses smart contracts to control how peer-to-peer data streams are accessed, routed, and transacted, today announced that its testnet node for decentralized artificial intelligence (AI) computing will launch in Q2 or Q3 on the Morpheus AI Network. It was announced that it would be released in . . The Lumerin team is avid code contributors and saw the opportunity that Morpheus represented, contributing a codebase that had been years in the making and battle tested. Lumerin’s testnet node is a key step in developing applications that use AI to make Web3 applications more accessible, transparent, and efficient for consumers and businesses alike.

Why decentralize AI?

Centralized AI models are prone to inherent bias and increase the risk of censorship and monopolies. Decentralized AI on-chain democratizes access to data and intelligence and ensures greater transparency and accountability through public testing benchmarks without the need to rely on flawed centralized frameworks.

Lumerin Powers the Morpheus AI Network

Lumerin is leveraging its existing codebase to build the core node software for Morpheus, a decentralized AI network that connects users, compute providers, and personal AIs called Smart Agents in a seamless Web3 ecosystem. Key benefits include:

• unauthorized Access to personal AI – Open, transparent and equitable access to public and private AI models.
  
• Decentralized AI Data Routing – Allocate AI resources safely, reliably, and efficiently across the network and within the AI ​​service market.
• censorship resistance – A democratic approach to AI that protects data and user privacy.
• Cryptocurrency payments for AI – More freedom, better usability and rewards for smart agent providers using cryptocurrency payment rails.
• AI Marketplace – A highly cost-effective and accessible two-sided marketplace for AI services where users and AI service providers transact directly.

“Our code contributions to Morpheus represent a vision of a future where individuals have complete control over their data and privacy, free from the shackles of government censorship and corporate interests,” said Ryan Condron, Lumerin project leader. . “We are working together. Our mission is to use decentralized AI to help make Web3 applications more accessible, transparent, and efficient for everyone.”

Lumerin and Morpheus will host a Spaces session on Friday, May 10th at 1pm ET.Why Decentralized AI Matters,’ community members can join to discuss and learn more about this dynamic topic.

MOR token usefulness

Like ETH on Ethereum, MOR is the native token and primary asset for AI projects launched on the Morpheus network. The primary utility of MOR is access to AI computing for holders and rewards for capital and code contributors. Additionally, holders will eventually be able to stake their MOR to their preferred smart agents and frontends, allowing users to receive rewards in the native tokens of those entities.

MOR can only be earned or purchased. MOR running on Arbitrum is now on Uniswap. MOR rewards for capital and code contributors can be claimed by visiting: MOR Dashboard.

You can find FAQs and full details about the MOR token. here.

About Lumerin

Lumerin It is an open source protocol and foundation layer technology that uses smart contracts to control how peer-to-peer data streams are accessed, routed, and transacted. Lumerin’s first use case, live on Arbitrum, is the world’s first peer-to-peer decentralized marketplace for trading Bitcoin hashpower. Lumerin is currently being leveraged to decentralize and more efficiently allocate AI computing power, and as the ecosystem expands, it will enable new applications for DePIN and the tokenization of real-world assets (RWA). Lumerin can also enable digital assets such as encrypted video and audio streams, permissioned communications, programmable data streams, and NFTs. Founded in 2021, Lumerin’s strategic partners include Bloq, Hive Blockchain, Fenbushi Capital, and Outlier Ventures.

For more information please visit: https://lumerin.io/.