GensynPrice

(AI)

Gensyn is a Layer-1 trustless protocol forming a decentralized machine learning compute network. It enables developers to train AI models by leveraging the combined computational power of globally connected devices, from data centers to idle individual GPUs. The project's goal is to create an open, permissionless AI infrastructure, free from large tech company control, aiming to become the 'execution layer for decentralized AI'.

Gensyn addresses the growing 'AI compute crisis,' characterized by the immense computational demands and high costs of training advanced AI models, often controlled by a few centralized cloud providers. By aggregating distributed, underutilized hardware globally, Gensyn democratizes access to AI compute, making it more affordable and accessible. This decentralization helps overcome GPU access bottlenecks and significantly reduces costs for developers and organizations.

Gensyn verifies AI computation using a robust mechanism combining cryptographic proofs, game theory, and complexity theory. It employs a 'probabilistic proof-of-learning' system, which generates certificates of work based on metadata from the model training process. This allows verifiers to quickly check accuracy by replicating only small, key stages, avoiding the need to rerun entire expensive tasks. The network coordinates submitters, solvers, verifiers, and whistleblowers via smart contracts, incentivizing honest behavior.

The native Gensyn token, $AI, is central to the ecosystem. Its primary utilities include payment for compute services, staking for network security, governance, and rewards. Developers use $AI to pay for AI training jobs. Users can stake $AI tokens to participate in consensus and dispute resolution, with malicious behavior leading to slashing. Token holders can vote on network updates. Node operators and compute providers earn $AI tokens for contributing resources and performing ML tasks.

Users can participate by supplying compute power, engaging with testnets, and through airdrops or Pioneer Programs. Individuals can pledge idle GPU/CPU resources by running a Gensyn node, earning rewards for performing ML tasks. Active testnets (e.g., Gensys Testnet, Delphi Testnet) allow users to install node software and complete activities, which often position them for potential future airdrops. Gensyn has confirmed airdrops for testnet participants and runs programs to engage early contributors.

Gensyn has secured substantial funding from prominent investors in the Web3 and AI sectors. Key backers include Andreessen Horowitz (a16z crypto), Protocol Labs, Galaxy, CoinFund, Eden Block, Maven 11 Capital, and Hypersphere Ventures. Notably, Gensyn raised $43 million in a Series A funding round in June 2023, which was led by Andreessen Horowitz (a16z crypto).