RingfencePrice

(RING)

$RING is the primary utility token for the Ringfence protocol, a decentralized network at the intersection of Generative AI and data provenance. The token is used for several key functions, including purchasing Data Agent licenses, distributing rewards to node operators and data contributors, and facilitating content licensing. In the future, it will also enable community governance. The total supply is capped at 1,000,000,000 tokens, ensuring a structured distribution for participants across the Base and NEAR networks.

Data Agents are decentralized nodes responsible for gathering, cleaning, and structuring data to make it "AI-ready." Owners of these agent licenses contribute to the network's intelligence and, in return, earn daily protocol rewards. A significant portion of the total token supply—up to 20%—is allocated to the Perpetual Incentive Pool for these operators. Participation is designed to be accessible, with low hardware requirements like a dual-core processor and 4GB of RAM, or through simple one-click hosting services.

Ringfence utilizes unique digital fingerprints and rNFT technology to safeguard creator rights. When content is uploaded, the protocol verifies ownership and embeds metadata that tracks the asset’s provenance. This system ensures that if an AI model uses the content for training or generation, the original creator is identified and fairly compensated. By establishing a verifiable link between data and its owner, the protocol prevents the unauthorized use of creative works in the AI era.

An rNFT (Ringfence NFT) is a multi-asset container that allows creators to bundle various media types, such as images, audio, and video, into a single asset. Unlike standard NFTs, rNFTs feature "enforceable end-user agreements" and licensing permissions embedded directly within the metadata. This allows creators to set specific terms for how their work is used by third parties or AI models, enabling automated licensing and monetization while maintaining strict control over their intellectual property.

Ringfence is heavily integrated with the Base network and NEAR Protocol to ensure high scalability and low-cost transactions. To provide a seamless experience across the decentralized landscape, it utilizes LayerZero for cross-chain functionality. This allows content to be minted or transferred across more than 50 EVM-compatible chains. By leveraging these diverse infrastructures, Ringfence ensures that creators can manage their IP and assets globally while benefiting from robust security and interoperability.

The Ringfence Mainnet is scheduled for launch in Q1 2025, with official token reward streaming expected to begin early in the year. A central part of this rollout is the Escher platform, a user-facing interface designed for creators. On Escher, users can claim their accounts, verify their content, and participate in early ecosystem initiatives. The project is supported by a network of prominent partners, including NEAR Protocol, Story Protocol, Aethir, and Morningstar Ventures.