Virtual experiences for holiday help brands and retailers transform the online shopping experience into an interactive retail environment. An immersive VR holiday shopping experience is a 360, digital, interactive shopping destination dressed for the holidays to drive shopper engagement, sales and strengthen online communities during the busiest retail season.
With immersive holiday activations, brands have the opportunity to create innovative, 3D activations that leave a lasting impact during the busiest time of the year. Virtual retailing solutions increase shopper engagement, expand brand relevance and elevate product education to inform buyer decisions—which is especially impactful in driving sales during the hyper-competitive holiday season. Showcase brand moments and seasonal collections in a dynamic and highly-visual environment. As a one-stop shop to discover, research and purchase gifts, VR holiday experiences have helped brands drive impressive results in engagement, reach, conversion and ROI on holiday marketing campaigns. Brands can boost engagement during peak shopping season by including elevated features such as personalized quizzes to offer tailored gift suggestions or gamification that promotes product discovery.
3D e-commerce experiences transform how shoppers interact with brands and products, deepening consumer connections—such as with curated gift guides fit for the holidays. Expand brand relevance during the holiday season by including immersive technologies that resonate with consumers, such as virtual holiday pop-ups. Launch virtual holiday pop-up shops to build buzz around curated seasonal collections and brand moments. Brands can pair virtual pop-ups with physical activations to amplify reach and extend ROI through an omnichannel experience.
Immersive virtual holiday experiences offer brands a unique opportunity to empower consumer purchasing decisions through visual shopping functionality such as 3D product customization. Brands can also improve conversion in virtual holiday experiences by embedding interactive videos and multimedia content that enhances product education and storytelling opportunities.
Download the Virtual Experiences for Holiday one pager to learn more about how VR holiday experiences boost engagement, expand brand relevance and elevate education for new product launches.
Leading brands in fashion, beauty, CPG and beyond have leveraged Obsess-powered virtual holiday experiences to maximize impact during the busy retail season. Book a demo or email us at contact@obsessvr.com to engage holiday shoppers in interactive and immersive VR holiday experiences.
Published: October 23, 2024 at 12:00 pm Updated: October 23, 2024 at 10:20 am
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
As Bitcoin price struggles to break resistance above $68,000, experts see an imminent rotation from Bitcoin (BTC) into altcoins by crypto investors. In search of the best altcoins to buy for profit ahead of the altcoin season, the new ETFSwap (ETFS) token leads the list of altcoins under $1 that could rally 500x.
ETFSwap (ETFS) is in its final presale stage, offering last-minute opportunities to investors who are looking to capitalize on its undervalued price for maximum profits.
ETFSwap (ETFS) To Lead Other Altcoins Ahead Momentum Shifts From Bitcoin
ETFSwap (ETFS) is poised to lead altcoins in the coming rally as Bitcoin price struggles to maintain upward momentum. With investment expected to rotate to altcoins, ETFSwap (ETFS) is a leading pick to bet on, especially for its low price entry and huge margin. The new project presents an on-chain platform for trading tokenized ETFs backed by actual ETF assets from traditional markets.
The new project will be launching on Ethereum, capitalizing on the network to improve transparency, security, and robust DeFi network for rapid adoption and growth. ETFSwap (ETFS) as a platform will combine the best features from centralized and decentralized markets, helping users find the optimal use cases for their ETF assets.
Additionally, ETFSwap (ETFS) will facilitate means for passive income, such as staking rewards on the ETFS token, which promises 87% APR (annual percentage rate). Users will also be able to stake their tokenized ETFs for specific periods for exciting rewards. The tokenized assets also open up opportunities to lend for liquidity, which can be used to trade other crypto opportunities for profit.
These features are unavailable on existing centralized platforms for trading ETF assets, and users look forward to making the pivot to ETFSwap (ETFS) for extensive on-chain features. Also, the ETFSwap (ETFS) platform has hit the Testnet, as the beta platform is set for launch in the coming weeks.
The beta platform offers a first look into features, including staking, liquidity pools, the ETF price tracker, and many more. Early users also expect to test AI-powered tools like the ETF Screener and Finder, which will provide market recommendations based on extensive data analysis.
Confidence has grown in the ETFSwap (ETFS) presale since the team passed the KYC audit by SolidProof, with investors swarming in to buy the last tokens on the final presale stage.
Bitcoin Price Struggles To Break Resistance Above $68,000
Bitcoin price slipped below $50,000 on October 10 amid rumors that the US Federal Reserve might pause November rate cuts. Coming after the Labor Department reported a slightly higher Consumer Price Index (CPI) inflation rate for September, Atlanta Fed President Raphael Bostic said the central bank might consider holding off on cutting interest rates in November.
Bitcoin price saw volatility last week amid the US inflation rate, which reported a 0.2% increase instead of the 0.1% expectation combined with weekly jobless claims. However, Bitcoin price rebounded back to a three-month high of $68,000, supported by Spot Bitcoin ETF inflows.
According to Investopedia, the 12 United States Spot Bitcoin ETFs have received total inflows of $1.4 billion this week, with the funds on pace to record strong weekly inflows. Bitcoin price as of this writing is at $66,907, and it is struggling to maintain momentum above $68,000.
Experts attribute the surge in ETF inflows to the Federal Reserve 50 base point cut and expect investors’ optimism to rise if the rate cuts continue till the end of the year. As such, altcoins could also be set for a rally as crypto experts bet it all on ETFSwap (ETFS) to lead the momentum.
Conclusion
Experts see a run on altcoins, and ETFSwap (ETFS) is the favorite pick to capitalize on as Bitcoin price hits headwinds at $68,000. ETFSwap (ETFS) is massively underpriced in the ongoing presale, which allows for the possibility of up to 40,000% in profits for the token in the long term. The presale is already in the final stage, and you should get in now before the window closes.
Buy ETFSwap (ETFS) on presale now at $0.03846 before the final presale stage ends.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
To start off our “Meet the Leadership Team” initiative, we would like to introduce John Mann, the Chief Technology Officer at Obsess. We asked John to share some highlights from his remarkable journey in the technology industry and some insights he’s gathered over the years. Here’s what he had to say:
Q. Could you share some highlights of your professional experience and how that path led you to Obsess today?
JM: Absolutely. My journey to Obsess was somewhat random. I had worked at a FinTech company three jobs prior, and during COVID, I was the CTO of two different companies simultaneously. When they decided to move in a different direction, I was let go and started job hunting. Through a network connection, I ended up building 5G networks and software for the government, which was completely outside of the retail space. However, I soon realized that wasn’t what I wanted to do—I missed the web development world and the startup environment.
That’s when I came across Obsess. Within a two-day window, I learned about retail, fashion and three.js, and I knew this was exactly what I wanted to pursue. My job search helped me realize what I didn’t want to do, and ultimately, it led me to Obsess, where I found the best engineering team I’ve ever worked with.
Before this, I worked at Microsoft for seven years, where I was involved in some significant projects like Xbox Live sign-up, Windows Live sign-up and even touched the Hotmail sign-up early in my career. I also worked on MSN internet access (yes, dial-up!) and had a brief stint at Getty Images, among other projects. After that, I fell in love with startups—working on everything from insurance to compliance software, travel advertisements and even parts management for planes. After trying corporate life post-Microsoft, I realized it wasn’t for me and have been in startups ever since.
Q. What initially inspired you to enter the tech space, and what continues to motivate you today?
JM: My initial inspiration came from a friend of mine. I’ve been coding since I was nine years old. I started with a Commodore VIC-20, then a Commodore 64, and coding became a hobby throughout high school and into college. A friend of mine, Donovan (I have to give him credit!), asked me why I wasn’t studying computer science. At that point, I didn’t think I could make a living coding, but when I realized it was a real job, I thought, “I’m going to write code whether I get paid or not—so why not get paid to do it?” Donovan even got me my first job out of college.
As for what continues to motivate me, it’s the constant learning process. For example, I’ve recently learned three.js and now work on 3D retail stores. Then, with the launch of Apple Vision Pro, I started exploring SwiftUI for its operating system. Each new tech stack excites me, and I love learning enough about it to teach it, which allows me to see its strengths and weaknesses. That passion for learning and teaching keeps me going.
Q. The launch of Apple Vision Pro was a huge moment for Obsess, developing the first-ever shopping apps on the device. How do you see the future of virtual reality and augmented reality evolving for brands, and what opportunities will this technology create, both in retail and beyond?
JM: I think the big advantage in the VR and AR world, is not just the information you’ll have access to in those spaces, it’s the virtual connections that you have—the social environment—and adding that to shopping. In Soho you see so many tourists, not shopping by themselves, but shopping with groups, and they like that social “Hey, what do you think of this?” “Do you like this outfit?” “Oh, let’s go to this store”. That social component is going to be so critical in the VR space, and the headsets actually allow you to emulate pretty closely, to be next to the person, and have that level of connection. I think that’s going to be huge. I think that’s the big future of shopping in the VR space.
Q. I can definitely see the social aspect transforming the shopping experience. Now, onto another hot topic—AI. How is Obsess currently integrating AI into its virtual experiences, and what are some key ways AI will shape the future of these experiences?
JM: We’re already using AI in several areas, from scene and store design to generating 3D models of products. We’re also working on AI-powered virtual store associates that interact with customers, offering personalized recommendations like, “Is this makeup right for me?” or “Does this dress suit me?”. The advancement of generative AI in the last year has been remarkable, making it 5 to 10 times better than it was just a year ago.
Looking forward, AI will shape experiences through faster generation and personalization. For instance, it could analyze shopping habits to make tailored product recommendations, similar to how Spotify personalizes music suggestions. Imagine a retail experience where AI recommends items based on your shopping history, preferences and trends—creating an entirely personalized experience. Of course, there are privacy concerns and compliance issues like GDPR and CCPA, but AI-driven personalization will be a game-changer in retail.
Q. Absolutely, personalization is going to be huge. Lastly, Obsess has worked with many leading brands across fashion, beauty, CPG and more, creating over 350 virtual experiences to date. Is there a particular experience or project that best showcases the technological strengths of the Obsess platform?
JM: There have been a lot of amazing projects, but one that stands out is Crate & Barrel. The realism we were able to achieve, from the store transitions to the rooftop views, and the ability to change scenes inside the store—it was remarkable. The way our platform managed the products, environments and interactions all came together seamlessly. Another highlight was our work on J.Crew’s app for Apple Vision Pro. That was one of the most complex and exciting projects I’ve ever worked on. The photorealistic environments, the ability to change outfits and interact with the mannequins—it was truly immersive. J.Crew on Apple Vision Pro was a whole new level, and despite being a brand-new operating system, we pulled it off with a lot of hard work and fun.
Lenovo has unveiled its new smart home assistant, AI Buddy, which stands out for its friendly and engaging interactions.
AI Buddy was introduced at the 2024 Lenovo Innovation Technologies Conference and is designed to provide a more personable experience for users. It features a foldable design with a circular screen on top that displays animated eyes in the form of emojis, allowing users to form an emotional connection with the device.
Personalized service from AI Buddy
AI Buddy also consolidates essential information such as the display of time, weather updates, music options, and personal photos. Additionally, it offers enhanced connectivity with USB-A and USB-C ports, as well as a headphone jack on the base, allowing more flexible integration with other smart home devices.
One of AI Buddy’s standout features is its rotating screen, which enables it to follow the user and adjust to their position, making interactions more personalized. Lenovo CEO Yang Yuanqing noted that AI Buddy is integrated with Meta’s AI Now technology, which tailors responses based on the user’s emotional state. This allows AI Buddy to adapt to individual preferences when handling tasks such as scheduling and reminders.
Lenovo has also emphasized its strong commitment to data security, ensuring that all user interactions with AI Buddy remain confidential.
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Published: October 22, 2024 at 3:09 am Updated: October 22, 2024 at 3:09 am
by Ana
Edited and fact-checked:
October 22, 2024 at 3:09 am
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
In Brief
The Grass Foundation revealed the details of GRASS token Airdrop One, aiming to reward early node runners and community members.
Organization responsible for overseeing the development of the Grass ecosystem, the Grass Foundation, revealed the specifics of the GRASS token Airdrop One. According to the project, this initial airdrop will be one of the most broadly distributed events of its kind and marks a milestone in creating the first user-owned map of the Internet.
The Grass token plays a key role in this decentralized network, designed to give users more control over their Internet bandwidth and allow them to both access and contribute to the network’s functionality. Holders of GRASS will have the ability to engage with the Grass network by participating in governance, staking, earning rewards, and accessing bandwidth.
Token holders will have the opportunity to contribute to the development of the Grass network. This includes proposing and voting on network improvements, deciding which organizations to collaborate with, and shaping incentive mechanisms for all participants involved. Additionally, GRASS can be staked to routers, helping to facilitate web traffic across the network. By doing so, participants contribute to the network’s security and, in return, earn rewards. Once the network becomes fully decentralized, GRASS will also serve as a means of payment for transactions, enabling decentralized scraping of public web data.
Grass To Allocate 10% Of Total Supply To Early Node Runners And Community Members
Airdrop One distributes 100 million tokens, representing 10% of the total supply, to early node runners and community members. Of this, 9% is designated for users who earned Grass Points during Stage 1 or the Network Snapshot. Additionally, 0.5% will go to GigaBuds non-fungible token (NFT) holders and another 0.5% to those who installed the Desktop Node or the Saga Application. The Network Snapshot includes users who accumulated more than 500 Grass Points within a specific epoch.
The allocations for each epoch are organized into nine tiers, which are determined by the Grass Points earned through network uptime and referrals. Participants with more Grass Points are placed in higher tiers. While all eligible users will receive rewards for their Grass Points, the specific method and timing of distribution may vary depending on their jurisdiction.
A total of 4,996,015 GRASS tokens will be evenly distributed among all GigaBuds NFTs as of the snapshot block, with the exception of NFTs that were listed for sale at the time of the snapshot. Each eligible wallet will receive 515 GRASS per GigaBud NFT. Moreover, in order to incentivize the adoption of new Grass distribution channels, 5 million GRASS tokens are equally distributed to all accounts that installed the Desktop Node or Saga Application and accumulated 500 or more Grass Points during any epoch before 05:00 UTC on October 11th.
Grass connects over 2 million participants who earn rewards by helping AI developers access internet data. The project’s goal is to combat the centralization of AI by empowering everyday individuals to contribute and benefit from AI’s progress.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
Olivetree Ghaelen Elli Buffy Beale Petlove and Marcus Llewellyn. (Image courtesy OpenSim Community Conference.)
The clock is ticking for virtual world enthusiasts and creators looking to share their innovations at this year’s OpenSimulator Community Conference. Potential presenters have until October 29, 2024 to submit their proposals for the twelfth annual gathering of the OpenSim community.
“We hope that you can join us for our twelfth year celebrating the current and future use of open source virtual worlds through creativity, technology, artistry, and education,” said conference co-chair Cynthia Calongne, also known as “Lyr Lobo” in-world.
The two-day event will take place on December 7 and 8, featuring presentations about creative, educational, technical, and experiential topics related to OpenSimulator and the open metaverse.
“We’re interested in your wonderful content, insights, and accomplishments,” Calongne told Hypergrid Business.
Core Developers of OpenSim. (Image courtesy OpenSim Community Conference.)
Organizers are particularly interested in presentations that showcase innovative content, significant accomplishments in the OpenSim ecosystem, future visions for open source virtual worlds, and creative applications of OpenSimulator technology.
Each speaker session will be 20 minutes long. The conference will also feature community-sponsored tours, an Expo, content giveaways, and hypergrid exploration.
Proposal acceptance emails will be sent out on October 31. Accepted speakers must register for the conference by November 7 to secure their spot in the program.
The conference will kick off on December 6 with music and art events, followed by the main program on December 7 and 8.
Visit the OSCC’s Call for Proposals page to submit a presentation idea.
Hypergrid Business editor and publisher Maria Korolov is a science fiction novelist. During the day, Maria Korolov is an award-winning freelance technology journalist who covers artificial intelligence, cybersecurity and enterprise virtual reality. See her Amazon author page here and follow her on Twitter, Facebook, or LinkedIn, and check out her latest videos on the Maria Korolov YouTube channel. Email her at maria@hypergridbusiness.com. Her first virtual world novella, Krim Times, made the Amazon best-seller list in its category. Her second novella, The Lost King of Krim, is out now. She is also the publisher of MetaStellar, a new online magazine of speculative fiction.
The AvatarLife Viewer now supports video conferencing for up to 5 participants, audio conferencing, screen sharing without video, and six-language support.
“We believe in empowering our users with the tools they need to communicate and collaborate seamlessly. Whether it’s for a small group chat, a business meeting, or sharing work on screen, our new features make AvatarLife the ultimate virtual platform for staying connected,” AvatarLife CEO and co-founder Sushant Chandrasekar told Hypergrid Business.
These new features are available at no additional cost for both Mac and Windows users.
AvatarLife Viewer. (Image courtesy AvatarLife.)
Video conferencing allows real-time video calls with up to five participants directly through the viewer, perfect for small meetings, virtual hangouts, or group discussions.
For those who prefer voice-only communication, the audio conferencing feature enables crystal-clear voice conversations for private chats or group meetings without the need for external apps.
The screen sharing feature allows users to share their screens without video, ensuring those who wish to stay behind the scenes can still actively participate. It’s ideal for presentations or project collaborations while keeping personal visuals private.
Language support has been expanded to include Spanish, German, Italian, French, Portuguese, and Russian. Users can easily switch between supported languages for a smoother experience.
To access these new features, users can download the latest version of the AvatarLife Viewer for Mac or Windows here.
Hypergrid Business editor and publisher Maria Korolov is a science fiction novelist. During the day, Maria Korolov is an award-winning freelance technology journalist who covers artificial intelligence, cybersecurity and enterprise virtual reality. See her Amazon author page here and follow her on Twitter, Facebook, or LinkedIn, and check out her latest videos on the Maria Korolov YouTube channel. Email her at maria@hypergridbusiness.com. Her first virtual world novella, Krim Times, made the Amazon best-seller list in its category. Her second novella, The Lost King of Krim, is out now. She is also the publisher of MetaStellar, a new online magazine of speculative fiction.
Published: October 18, 2024 at 1:00 pm Updated: October 18, 2024 at 1:00 pm
by Ana
Edited and fact-checked:
October 18, 2024 at 1:00 pm
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
In Brief
According to Ganesh Swami, co-founder of Covalent, Ethereum, once hailed as the “World Computer,” now finds itself at a critical crossroads.
According to Ganesh Swami, co-founder of Covalent, a modular data infrastructure layer aimed at addressing key challenges in blockchain and AI, Ethereum, once hailed as the World Computer, now faces a critical crossroads.
Ganesh Swami suggests that Ethereum’s original vision is under threat. The network has become sidetracked by chasing trends like faster execution speeds and the “ultra-sound money” narrative while losing focus on what made it revolutionary. The question of whether Ethereum has lost its way as the ecosystem contends with slow progress and increasing competition from blockchains like Solana and Bitcoin.
Even Ethereum Team Lead Péter Szilágyi has expressed concern, stating that “Ethereum is losing the plot.” With rising inflation and the token price still below its 2021 peak, it is clear that Ethereum needs to re-evaluate its direction. The pressing question now is: what should Ethereum’s path forward be?
Ganesh Swami About Refocusing On Infrastructure As A Key Solution
The Covalent co-founder notes that there is a potential solution. Ethereum’s core strength has always been its infrastructure, which allows developers to build decentralized applications (dApps). Yet, the network’s long-term vision has been overshadowed by short-term dApp hype, stagnant user growth, and the siloed activity within Layer 2 networks.
With major upcoming upgrades like Pectra and The Purge coming in late 2024, Ethereum will become leaner by purging old historical data. However, this process carries the risk of centralizing that data, which could conflict with Ethereum’s broader goal of maintaining decentralization across the network.
Ethereum Wayback Machine (EWM), introduced by Covalent, is designed to preserve Ethereum’s historical data, ensuring it remains decentralized and accessible even as Ethereum moves forward with purging older data. To further support this initiative, Covalent has launched the EWM Light Client Testnet, a critical tool aimed at maintaining the network’s decentralization.
Now live, the Light Client Testnet allows participants to contribute to safeguarding Ethereum’s long-term data availability. By doing so, they play a key role in protecting Ethereum’s decentralization, ensuring the network stays aligned with its original mission of being the “World Computer.”
Covalent‘s large reservoir of structured, verifiable data enhances decentralized AI training and inference, reducing the likelihood of manipulated or biased AI models. The EWM also ensures secure and decentralized access to Ethereum’s transaction history. Trusted by more than 3,000 leading organizations, Covalent currently supports AI, decentralized finance (DeFi), game finance (GameFi), and other sectors by providing unrestricted access to on-chain data from over 200 blockchains.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
Published: October 18, 2024 at 12:40 pm Updated: October 18, 2024 at 12:40 pm
by Ana
Edited and fact-checked:
October 18, 2024 at 12:40 pm
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
In Brief
ParallelAI has formed a strategic alliance with io.net, a decentralized GPU computing rival, to enhance its platform’s functionality and user engagement.
ParallelAI, celebrated for its groundbreaking advancements in optimizing parallel processing for artificial intelligence developers, has unveiled a strategic alliance with io.net, a prominent rival in the decentralized GPU computing sector. This partnership represents a notable leap forward in technology, facilitating the smooth incorporation of io.net’s decentralized GPU computing features into ParallelAI’s powerful platform, which is poised to improve its comprehensive functionality and enhance user engagement.
With A100 GPUs, which are accessible via IO Cloud, ParallelAI is going to be able to greatly increase its GPU processing power thanks to the work of these two companies. By doing this, ParallelAI will be able to increase the platform’s functionality and meet the growing processing needs of AI developers working on a range of projects, including massive language model training, inference on models, and distributed deep learning.
ParallelAI and io.net have agreed to collaborate on research and development as part of this strategic alliance. The two businesses want to advance GPU cloud computing technologies by pooling their own strengths and areas of expertise. It is anticipated that their joint efforts would produce creative answers that will raise the bar for effectiveness and performance in the industry.
Allowing developers to write high-level code while the company’s technology handles the complexities of parallel processing across numerous GPUs and CPUs is how ParallelAI plans to accelerate AI innovation. With the ability to cut computing time by up to 20 times and drastically reduce related expenses, this approach has shown itself to be successful.
The partnership will provide ParallelAI with immediate access to decentralized GPU clusters via IO Cloud, facilitating a robust infrastructure that can adapt to dynamic market demands. Through this collaboration, ParallelAI will be able to scale its operations efficiently without encountering issues such as delays or service interruptions.
Consequently, customers of ParallelAI can be assured of having reliable access to the processing power needed to successfully complete challenging AI projects. It’s crucial to keep in mind that IO Cloud offers AI application processing capabilities at a cost up to 90% lower than that of standard cloud services, making it a compelling choice for developers.
This partnership presents ParallelAI with a unique opportunity to increase its market share in the AI/ML developer space while simultaneously lowering the requirement for significant infrastructure management and hardware expenditures.
Furthermore, through the creation of joint technologies between io.net and ParallelAI, this collaboration is also anticipated to spur innovation in the decentralized AI area. The cooperative efforts of these two forward-thinking companies may well power the next generation of innovative AI solutions, paving the way for a transformative future in artificial intelligence.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria d’Este
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
Published: October 16, 2024 at 10:00 am Updated: October 16, 2024 at 9:15 am
by Ana
Edited and fact-checked:
October 16, 2024 at 10:00 am
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
In Brief
Gaia and Vana’s partnership aims to create a diverse, egalitarian, and privacy-aware AI environment, enabling developers and users to design, manage, and profit from AI models.
The partnership between Gaia and Vana paves the way for an AI environment that is more diverse, egalitarian, and privacy-aware. This cooperation is redefining the connection between AI, data, and user ownership by enabling developers and users to design, manage, and profit from AI models using open and collaborative frameworks.
Decentralization and Open-Source Frameworks
Gaia has advocated for decentralized AI systems for a long time. With its open-source platform, developers may design and implement AI agents without being constrained by centralized control. In the past, big, centralized companies with access to enormous datasets have developed and maintained AI systems. This gives rise to concerns over data ownership, privacy, and unequal distribution of AI’s advantages.
Vana’s contribution to this collaboration enhances Gaia’s decentralization initiatives by incorporating user data in a way that upholds privacy and ownership. Users may contribute data to Vana’s distributed network, maintain control over its usage, and even make money off of it. This stands in sharp contrast to traditional approaches, where consumers’ data is frequently gathered without their knowledge or consent and utilized for uncontrollable objectives.
Providing User-Owned Data to Developers
Developers are no longer dependent on huge, centralized data sources thanks to user-contributed data. Alternatively, they can use private datasets from those who own and control the data using Vana’s network to train and implement AI agents. This creates opportunities for creating highly customized and specialized AI agents that fit the unique requirements and tastes of users.
Additionally, this method promotes the development of AI in a more moral manner. The collaboration guarantees the protection of people’s rights and privacy by empowering users to own and manage their data. In addition to being more individualized, developers may create AI models that respect user permission and data security. This lessens the possibility of personal data being exploited and misused by fostering a more open interaction between AI developers and data producers.
Converting Data into Useful AI Resources
The conversion of user-contributed data into useful digital assets is one of the most important results of the Gaia-Vana collaboration. Data is now an active and liquid asset that users can manage, control, and even profit from thanks to this partnership, rather than only being a passive resource gathered for business purposes.
These user-owned datasets may now be used to fuel AI agents created on Gaia’s platform. It gives them more intelligence as well as contextual awareness and relevance. For example, user-contributed data that is unique to each person’s situation may be used to fine-tune AI models intended to provide personalized services, like financial planning or healthcare advise. As a result, a new class of AI agents is produced that are closely linked to the user’s personal information and expertise, providing more accurate and useful insights.
A more incentive-driven AI environment, as envisioned by Gaia and Vana, is likewise compatible with the capacity to transform data into a monetizable commodity. Users may now be paid for the value their data adds to AI systems, making them active participants rather than passive providers.
Control, Ownership, and Privacy in the Development of AI
Respecting user privacy and data ownership is one of the main issues facing AI development today. Large volumes of user data are frequently collected by centralized AI systems, raising worries about data abuse, privacy violations, and a loss of control over personal data. Gaia and Vana’s collaboration tackles these problems head-on by offering a decentralized platform that gives people authority over their data.
Vana’s distributed data network gives consumers non-custodial control over their data. In this way, customers have complete control over their data, even when it is being used to train AI models. They have control over the usage, access, and monetization of their data. This method helps create sophisticated AI systems while guaranteeing that user data security and privacy are given top priority.
On the other hand, Gaia’s AI infrastructure is made to work in unison with Vana’s data governance tools, allowing for the development of AI agents that provide insightful, useful information while protecting user privacy.
Encouraging User Input into AI Networks
The Gaia-Vana alliance is based on an economic strategy that focuses on providing incentives for people to provide their data. Users frequently have little to no control over how their data is utilized in traditional AI systems, and they are not paid for the value that their data produces. Widespread worries over the morality of data collecting and the disparity in power between data suppliers and AI developers have resulted from this.
In order to allay these worries, Gaia and Vana are working to create a new, more just economic framework for AI research. Users are encouraged to provide their data under this approach by offering them direct payment or other benefits in exchange. In addition to guaranteeing that users receive just compensation for their efforts, this promotes a more cooperative approach to AI research, allowing for a wider distribution of the advantages of AI.
The foundation for a new generation of AI agents based on the values of equity, openness, and user empowerment is being laid by Gaia and Vana using this incentive-aligned paradigm. The collaboration seeks to establish a more inclusive AI ecosystem that benefits all players, not just a chosen few, by enabling users to take an active role in AI networks.
Building a Developer-Centric Future
In addition to empowering consumers, the Gaia-Vana alliance aims to enable developers to create the upcoming wave of AI apps. Gaia and Vana are enabling developers to construct more intelligent, context-aware, and customized AI agents by making user-contributed data accessible.
The modular and adaptable architecture of Gaia’s decentralized AI platform enables developers to create unique AI solutions that can easily interface with a variety of data sources and knowledge bases. Developers may access user-owned datasets that are customized for certain use cases thanks to Vana’s distributed data network, which offers an additional degree of customization.
Gaia and Vana are also funding other community projects to help developers create these new AI applications. This includes developer gatherings, virtual hackathons, and instructional materials meant to provide developers with practical experience with the merged technology. Gaia and Vana want to promote the use of decentralized AI and establish a flourishing ecosystem of AI-powered apps that benefit consumers and developers alike by cultivating a worldwide community of AI developers.
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About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria d’Este
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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