Gensyn Protocol is a layer-1 blockchain protocol focused on deep learning computation. It's designed to harness the computational power of network participants to speed up and facilitate deep learning tasks, rewarding them for their contribution.
What is Gensyn
Here's how it works:
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Blockchain-Based AI Compute Protocol: Gensyn uses blockchain technology to create a marketplace where people can connect and collaborate on machine learning projects.
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Developer and Solver Interaction: The protocol connects two groups - developers (those who can train machine learning models) and solvers (those who need machine learning models trained). This interaction is crucial for the functioning of the Gensyn ecosystem.
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Utilizing Unused Computational Resources: One of Gensyn's key features is its ability to tap into a vast pool of unused computational resources. This includes not just large data centers but also personal computers, gaming PCs, and even smartphones. The potential increase in computing power for machine learning tasks is significant, possibly up to 100 times more than currently available.
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Verification Challenge: A critical aspect of Gensyn Protocol is the verification of completed machine learning work. This is complex and involves multiple disciplines including complexity theory, game theory, cryptography, and optimization.
In summary, Gensyn Protocol is poised to revolutionize the field of machine learning by decentralizing and democratizing access to computational power, thereby potentially accelerating advancements in AI.
Team of Gensyn
Ben Fielding
Co-founder
Ben Fielding - Co-founder.
He graduated from Northumbria University with a PhD - Computer Science. Ben has extensive research experience: he spent over 4 years working at Northumbria University and graduated as a PhD Researcher. After graduation he also held senior positions in ML/DL/AutoML related companies. Ben is also an Angel Investor for startups, and an owner of startups. He currently holds the position of Co-Founder at Gensyn
Harry Grieve
Co-Founder
Harry Grieve - Co-Founder.
Harry is an active angel investor in WEB2 and WEB3 IT projects, like Thymia, Altitude Labs (formerly known as Refi Labs), Catapult and Modulus Labs. Harry finished his education with an MA in Economics and Finance (Honours) - Econometrics and Quantitative Economics in University of Aberdeen and Master of Public Affairs (MPA) - Econometrics and Quantitative Economics in Brown University In the past he worked as a CTO & Co-founder at Stealth Startup, with experience in analysis and data science.
Funding of Gensyn
$50,600,000
Total Funds Raised
$43,000,000
Series A
Led by a16z. Other investors are CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Maven11, Zee Prime Capital, jsquare, Id4 Ventures, M31Capital.
$6,500,000
Seed Round
Led by Eden Block. Other investors were Galaxy, Maven11, CoinFund, Hypersphere, Zee Prime Capital.
$1,100,000
Pre-Seed Round
Led by 7Percent Ventures, Counterview Capital. Other investors were Entrepreneur First and Id4 Ventures.
Gensyn review
Pros
Decentralized Trust
Operates without intermediaries, enhancing security and minimizing manipulation risks.
Fair Participant Rewards
Directly compensates contributors, ensuring value distribution is equitable.
AI Computation Focus
Specializes in deep learning computation, aiding advancements in AI.
Cons
Scalability Concerns
Faces challenges in managing a large participant base and computational load.
Data Security Risks
Must safeguard participant data against potential security breaches.
Adoption Hurdles
Success depends on achieving a critical mass of compute contributors.
Economic Model Viability
Needs a balanced reward system for long-term sustainability.
Opportunities
AirdropTestnet
Minimal cost: Free
Gensyn
Be eligible for any potential rewards!