Pioneering AI’s Decentralized Transformation: PepeCoin’s BasedAI Joins Coinbase’s Crypto-AI Stack
Release: 2024/11/06 10:29 Reading: 383
Pepecoin (PEPECOIN) Surges Amidst Crypto Bull Market
As the cryptocurrency market experiences a resurgence, Pepecoin (PEPECOIN) is also thriving. In conjunction with the ongoing bull run, the supply of Pepecoin has reduced by 8%, enhancing its value.
Deflationary Burn and BasedAI Innovation
This deflationary burn event occurred in preparation for the upcoming $Based mainnet launch in November. PEPECOIN tokens were exchanged for Brain Credits ($BCRED), resulting in 30% of the $BCRED supply now circulating. Users will soon be able to redeem $BCRED for Brains.
Brains are subnets that power the BasedAI Network, allowing users to invest in AI models and foster decentralized AI development.
AI Model Integration and Blockchain Synergy
An AI model named 'The TFT Enforcer' has been released, connected to Twitter's X account and linked to the Solana and Ethereum blockchains. This AI model targets specific goals and can generate tweets, with proof stored on both chains.
Transforming AI through Blockchain
Pepecoin's BasedAI project aims to revolutionize AI by combining blockchain technology and AI, addressing the centralization concerns faced by traditional Web2 models. BasedAI aims to democratize the ownership and participation in AI models.
AI and Crypto: A Growing Convergence
AI has emerged as a key narrative in the cryptocurrency space. Significant capital is flowing into the crypto AI stack, leading to the rise of major players.
Cryptocurrency's Role in Enhancing AI
Coinbase, a leading crypto exchange, has highlighted the potential of crypto to improve AI transparency, accessibility, and use cases. Coinbase emphasizes the ability of crypto to promote user sovereignty over personal data.
BasedAI's Promising Future
Coinbase has identified BasedAI as a promising middleware provider in the Crypto x AI stack. This recognition underscores the significance of BasedAI's contributions and its potential to shape the future of AI development.
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