• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Labs Supports MyShell and Its AI Application Development Ecosystem

user avatar

by Giorgi Kostiuk

a year ago


  1. The Core of MyShell’s Innovation
  2. Incentivizing AI Creation: The Role of Points and Tokens
  3. MyShell’s Multichain Strategy and Future Plans

  4. Binance Labs, the venture capital arm of Binance, recently announced its investment in MyShell, a decentralized AI network poised to revolutionize how creators build and monetize AI applications.

    The Core of MyShell’s Innovation

    MyShell operates as a decentralized AI platform, empowering creators to build AI agents or bots that users can integrate into various applications. Unlike traditional AI platforms, MyShell is community-driven, allowing creators to fully own their creations while fostering an open-source environment. This decentralization ensures that no single entity controls the platform, promoting a fair and transparent ecosystem where creativity can thrive. The platform has amassed a community of over 50,000 creators and reportedly more than one million registered users, developing tools like OpenVoice, MeloTTS, and Alice.

    Incentivizing AI Creation: The Role of Points and Tokens

    One of the key elements that sets MyShell apart is its reward system. Currently, creators earn points based on the popularity and utility of their AI agents. These points will eventually convert into tokens, offering a more tangible incentive for creators. These tokens will be critical in the upcoming airdrop, rewarding creators whose AI agents gain significant traction. Beyond rewarding creators, consumers can also stake tokens on AI agents, generating income based on the performance of these agents.

    MyShell’s Multichain Strategy and Future Plans

    MyShell is currently operating on multiple blockchain networks, including Polygon and Binance’s opBNB, ensuring flexibility and security for its users. However, the platform has plans to launch its own Layer 2 blockchain by the end of the year, aiming to provide a more tailored experience for creators and developers. The decision to avoid committing to a single blockchain ecosystem reflects MyShell’s broader philosophy of openness and flexibility.

    MyShell is not just about providing tools for AI development; it’s about creating an ecosystem where everyone has a chance to succeed. The platform’s open-source model allows developers to easily adapt and enhance existing AI applications, fostering collaboration and transparency. The collaborative approach is further supported by the AI creator forum, where creators can exchange ideas and resources. The AI App Store makes it easier for consumers to discover and use advanced AI technology. MyShell’s financial backing confirms the high potential and significance of this platform.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SGX Implements Conservative Risk Management for Crypto Futures

chest

The Singapore Exchange (SGX) has adopted a conservative approach to risk management for its newly launched crypto perpetual futures, including strict collateral policies and higher initial margin requirements to protect investors and foster trust with institutional investors.

user avatarElias Mukuru

SGX Launches Crypto Perpetual Futures, Attracting Institutional Capital

chest

The Singapore Exchange (SGX) has launched new crypto perpetual futures products that are attracting institutional investors and bringing new liquidity into the market.

user avatarGustavo Mendoza

Best Virtual Trading Platforms for New Traders Revealed

chest

A comprehensive analysis has identified the top seven virtual trading platforms ideal for beginners.

user avatarMaria Fernandez

Virtual Trading: A Crucial Step for Aspiring Traders

chest

Virtual trading, also known as paper trading, is essential for new traders to practice without financial risk.

user avatarDiego Alvarez

New Traders Face 95% Failure Rate in Stock Trading

chest

Entering the stock trading market is a daunting task for new traders, with estimates suggesting a staggering 95% failure rate.

user avatarMiguel Rodriguez

XRP and Solana Lack Early-Stage Scarcity Mechanics

chest

XRP and Solana show potential but lack the structured scarcity and excitement found in the BullZilla presale.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.