NFTs
What is Privasea? The AI network launching nodes and NFTs
What is Privasea?
Developed by a global, fully remote team, Privasea is paving the way for web3 and AI to work in harmony.
Through its ImHuman app, Privasea asks users to prove their humanity by scanning their biometric data to mint a unique NFT – with over 200,000 individuals doing so to date. Privasea then uses this encrypted data to train the machine learning systems used by the AI networks, rewarding the contributor with cryptocurrency airdrops and NFTs, while ensuring that their data remains encrypted and secure.
Backed by Binance and OKEx, and following a recent $5 million fundraise – plus a strategic round led by OKX Ventures earlier this year – Privasea launched its WorkHeart and StarFuel NFTs nodes in July 10 to strengthen its growing ecosystem.
Source: Privasea
What are WorkHeart nodes?
We WorkHeart are physical USB devices offered by Privasea.
Priced at 0.2 ETH, these devices act as proof-of-work nodes for the Privasea network and are the backbone of its DePIN architecture.
By operating a WorkHeart node, users gather reward emissions. These come in the form of Privasea fungible tokens – which can then be staked on StarFuel NFTs to increase the multiplier on their reward emissions.
The higher the demand for Privasea, the more WorkHeart nodes will be needed to run the network – and the more rewards will be offered to these node operators.
What are StarFuel NFTs?
Star Fuel is a 5,000-piece NFT collection initially offered by Privasea on July 10.
In addition to being able to multiply the reward emissions collected by WorkHeart node operators, StarFuel NFT holders also receive a variety of additional benefits, including inclusion in future airdrop campaigns, early access to future developments, and access to exclusive rewards and discounts.
Those who own a WorkHeart node and a StarFuel NFT have the ability to produce testnet tokens for the Privasea ecosystem, with the implication that these will be converted into mainnet rewards later.
Source: Privasea
Why is Privasea needed?
With the advent of AI in recent years — and with it heightened concerns about data privacy — Privasea’s AI DePIN Network offers a solution for AI networks to train on value-rich data without compromising data privacy or security.
By performing encrypted machine learning inferences and using secret datasets to enhance privacy and security, Privasea enables valuable insights to be gained from encrypted data rather than raw data, reducing risk and promoting collaboration and knowledge sharing between parties.
This has a wide range of applications across multiple industries, including the secure sharing and use of financial data, healthcare data, and biometric data for machine learning purposes, as well as the analysis of encrypted sets of such data.
Privasea is currently evaluating its systems through its testnet. With a privacy and security-first approach, Privasea is ensuring that its ecosystem is secure and user-friendly, while ensuring that users maintain full control and confidentiality of their data.
Through a combination of Proof-of-Work and Proof-of-Stake protocols, smart contracts, and tokens, Privasea aims to manage gas fees and staking methods in a sustainable way that is secure, efficient, and can scale easily.