Nfts
What is Privasea? The AI Network That Launches Nodes and NFTs
What is Privasea?
Developed by a fully remote global 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 create a unique NFT – with more than 200,000 people what they have done so far. Privasea then uses this encrypted data to train the machine learning systems used by AI networks, rewarding the contributor with crypto and NFT airdrops while ensuring their data remains encrypted and secure.
Backed by Binance and OKX, and following a recent $5 million USD fundraising – in addition to a strategic round led by OKX Ventures Earlier this year – Privasea launched its WorkHeart nodes and StarFuel NFTs on July 10 to strengthen their growing ecosystem.
Source: Privasea
What are WorkHeart nodes?
WorkHeart Nodes 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 form the backbone of its DePIN architecture.
By operating a WorkHeart node, users collect reward emissions. These come in the form of fungible Privasea tokens, which can then be staked into StarFuel NFTs to increase the multiplier of their reward emissions.
The greater the demand for Privasea, the more WorkHeart nodes will be needed to run the network – and the greater the rewards offered to those node operators.
What are StarFuel NFTs?
StarFuel 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 enjoy a variety of additional benefits, including inclusivity in future airdrop campaigns, early access to future developments, and access to exclusive rewards and discounts.
Those who own both a WorkHeart node and a StarFuel NFT have the opportunity to produce testnet tokens for the Privasea ecosystem, with the implication that these will convert to mainnet rewards at a later date.
Source: Privasea
Why is Privasea necessary?
With the advent of AI in recent years – and its major concerns about data privacy – Privasea’s DePIN AI Network offers a solution for AI networks to train on high-value data without compromising data privacy or security.
By performing encrypted machine learning inferences and using secret datasets to improve privacy and security, Privasea enables valuable insights to be gained from encrypted rather than raw data, reducing risk and promoting collaboration and knowledge sharing between parties.
This has a wide variety of applications across multiple industries, including the secure sharing and use of financial data, health data, and biometric data for machine learning purposes, as well as the analysis of encrypted sets of this data.
Privasea is currently evaluating its systems through its test network. With a privacy and security-first approach, Privasea ensures that its ecosystem is secure and user-friendly, while ensuring that users retain full control and privacy of their data.
Through a combination of Proof-of-Work and Proof-of-Stake protocols, smart contracts, and tokens, Privasea seeks to manage gas fees and staking methods in a sustainable, secure, efficient, and scalable way with ease.