Nim Network, a blockchain for AI games, plans to launch a community-owned yield auction and tokenize AI ownership.
Nim Network (AI), a blockchain for artificial intelligence games built on Dymension, has announced intentions to launch a community-owned yield auction and a framework for tokenizing AI ownership.
We will distribute tokens representing ownership in the AI model in proportion to the amount of assets pledged. Only certain communities, including NIM stakeholders, will be able to participate in this month’s snapshot.
The first step of the architecture is to create a specific AI model that is open-source and separate from general-purpose GPTs or stable diffusions. These specialized models, tailored to excel in specific use cases, enhance the value of AI-focused and crypto-focused applications.
The next step is to divide up ownership. With the use of an income sale mechanism, Nim Network will make it possible to turn stETH and other staked assets’ unused income into AI tokens. This procedure will maintain the token’s value by creating a renewable supply of liquidity.
Token holders will have a say in the economic value created by the model’s use after it’s merged with the Nim Network, thanks to the AI ownership token. Artificial intelligence (AI) repurchase, governance, or model improvement may all benefit from the combined fees and revenues.
A New AI Component for Economic Ownership and Authenticated Access to AI Models: Nim Network Unveils Ligetron 1.0
The Nim Network is a flexible AI gaming blockchain that provides a complete environment for game development and progress at the intersection of Web3 and AI technology.
Additionally, it aims to establish itself as the preferred platform for open-source AI financing, simplify the recruitment of AI talent for large-scale projects, and offer support through its ecosystem, apps, and community.
Avnu, Cartridge, Storyverse, Citadel, Metafight, ggQuest, Focus Tree, Mithraeum, Minters, DYAD, NousResearch, and Dymension are all members of the project’s active network of partners and collaborators in the gaming and infrastructure development industries. Its core team includes veterans of Ethereum, Polygon Labs, and Starknet, among other organizations.
Nim Network developed the memory-efficient zero-knowledge (ZK) system Ligetron 1.0, based on Ligero Proofs, lightweight sublinear arguments that do not require a trusted setup.
With an eye on keeping costs down, this new system showcases an economical ZK method for AI verification. Ligetron 1.0, a crucial component of the Nim AI framework, now provides economic ownership and authorized access to AI models.