30s Summary

Dr. Richard Blythman, co-founder of Naptha.AI, advocates for a shift in engaging AI developers in blockchain projects. He suggests that financial incentives, standard in the crypto world, don’t resonate with AI developers who are motivated by the impact of their work and societal transformation. Blythman proposes a greater focus on collaboration, acknowledgment, and long-term societal influence to inspire AI developers. He believes that a change in approach would help leverage decentralized AI and maximize the potential of these combined technologies.

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Hey everyone! Dr. Richard Blythman here, co-founder of Naptha.AI. Over the past couple of years, we’ve been buzzin’ about how AI and crypto technologies could team up. The idea was that one could solve the problems of the other and give us the perfect combo.

AI could use blockchain verification to deal with its issue of fake images, and blockchain security threats could be flagged by AI. Both techs are pretty rad, and there was lots of experimenting going on. That said, we still haven’t found that top-notch, killer application for combining AI and blockchain. There’s been a lot of hype, but several promising projects have still crashed and burned.

AI-crypto companies have been popping up and then disappearing like bubbles. It’s not because their products were trash. The real issue was more about keeping the people who matter – the AI developers – interested and motivated. First, developers need to be talked into working on a specific network, and then they need to be given a reason to stay.

To prevent the same misadventures, we need to rethink what makes AI developers tick. It’s time to stop dangling the carrot of financial rewards and start considering what impact the technology might make on the world.

Now, when it comes to AI, money isn’t the top motivator. Normal crypto projects might be all about the cash, but AI isn’t built the same way. AI developers are tech nerds at heart, believe they’re leading a mega societal shift. Their goal isn’t primarily about scoring big bucks. Imagine if you’re crafting a platform that will influence the world’s economy, the smallest financial gain probably isn’t gonna blow your mind.

Plus, many AI developers get skeptical about the shady side of crypto, which is, let’s be honest, known for scams and general unreliability. And given that nearly 40% of Americans are not at all confident in the trustworthiness of cryptocurrencies, it makes sense why top-tier AI developers would be wary. So, bottom line—offering financial incentives might actually push them away rather than pulling them in.

AI developers see their work as a major game-changer for society. They want the satisfaction of making a huge wave with their tech, rather than just picking up a paycheck. A change of tune from making immediate financial gains to the broader, earth-shattering impact of their work could get developers hooked on decentralized projects.

Instead of focusing on token rewards and all that dollar-driven stuff, projects should aim to provide a space for collaboration, a guiding vision, and significant engagement opportunities. This switch-up will give decentralized AI the edge in a crowded and changing industry.

Token rewards work great in traditional blockchain projects, where financial motivation drives engagement. But for AI where developers are driven by different motivations, these reward tactics kinda miss the mark. If we want decentralized AI to succeed, it’s high time we think of better ways to motivate and reward contributors.

Let’s shift the focus to collaboration, recognition, and long-term societal impact—where AI developers really shine. Decentralized AI can position itself as a groundbreaking movement by emphasizing these purpose-driven incentives.

Remember folks, decentralized AI harnesses two of the raddest technological innovations of our time. Forecasts predict that the global blockchain AI market could skyrocket to around a whopping $3.718 billion by 2033.

So, buckle up! This decade is just waiting for us to take the lead.