The post NeurochainAI announces validator NFT Distribution appeared on BitcoinEthereumNews.com.

NeurochainAI (NCN) announced that it is releasing a limited supply of its Neuron Validator node authorization non-fungible tokens (NFTs). According to a recent NeuroChainAI announcement, this initiative is part of the protocol’s node validator network early growth strategy. NeurochainAI plans to issue up to 10,000 Neuron Validator NFTs on a first-com, first-served basis during the token generation event this summer. To participate in the event, interested users will need to stake 12,000 NCN to generate a validator NFT. The validator NFT bridges the gap between the NCN Chain Layer 1 and Layer 3, with the validators being responsible for ensuring fiar attribution of Layer 3 proof-of-work through staking and validating all the work done on the artificial intelligence (AI) layer. According to the FAQ section of the official website, NeurochainAI is a protocol aiming to power decentralized AI applications and claims that it makes deployment significantly faster and cheaper compared to traditional methods. Furthermore, the protocol involves its community in data curation and validation, algorithm processing and model validation. The Neurochain AI platform launched in late June with 82,000 registered users and 48,000 connected wallets already on board. Julius Serenas, CEO of NeurochainAI said at the time: “Our platform brings the world a step closer to inclusive, democratic AI development. […] We empower developers with a number of tools and resources from our decentralized AI infrastructure that places Consumer-grade GPU DePIN at the center of our operations to provide ever more precious GPU compute in the age of AI paired with other tools essential for streamlining AI solution development.” The NCN tokens will be vested daily over a 12-month period, and the issuance of the total allocation requires about 40% of all tokens to be staked. The development team opted for this distribution mechanism over a direct sale in the…

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Filed under: News - @ August 2, 2024 12:22 am