- Ankr, a provider of Web3 infrastructure, has opened the public testnet for Neura, their AI-focused Layer 1 blockchain.
- Neura’s native cryptocurrency will be Ankr Network’s ANKR token, which is expected to go live on the mainnet later this year.
Ankr, a provider of Web3 infrastructure, has made its AI-focused Layer 1 blockchain, Neura, available on the public testnet.
According to a statement sent to The Block, Neura, which was first revealed in March, lets developers create decentralized applications that combine blockchain, cloud computing, and artificial intelligence. According to the researchers, Neura is intended to assist AI firms with issues including accessing GPU resources, raising capital, and effectively storing data.
Ankr also announced a “AI innovators competition” as part of its “Road to Mainnet” campaign. Selected teams would get rewards of $100,000 in ANKR +7.79% tokens. With the help of Neura’s on-demand decentralized GPU marketplace, an Initial Model Offering fundraising framework, a decentralized storage system for AI data, and smart contracts that regulate AI access, assets, and actions, developers and AI researchers are challenged to create decentralized AI models and apps on the blockchain.
Neura Senior PM Kev Silk remarked, “We are excited to announce the launch of Neura’s public testnet.” “We anticipate the emergence of ground-breaking projects leveraging Neura’s cutting-edge capabilities as we launch the AI Innovators competition.”
Neura’s native cryptocurrency will be Ankr Network’s ANKR token, which will have a rewards program for holders prior to its scheduled mainnet debut later this year.
The transformational potential of AI models and apps built on Neura will be experienced firsthand by ANKR token holders, who will have the first opportunity to interact with and participate in these innovations, Silk continued.
How Neura functions
Using off-chain storage options like Celestia, EigenLayer, IPFS, and Arweave, Neura manages AI model data. It is built on the Cosmos SDK and works with the Ethereum Virtual Machine. Neura integrates with the Bitcoin staking mechanism Babylon to further capitalize on the network’s security.
The Neura team has previously stated that the adoption of token standards such as ERC-404 and ERC-7641 will allow for transparent income sharing and fractional ownership within the ecosystem. This will make it easier for companies to sell tokens for their “Initial Model Offering” through crowdsourced capital raises.
Ankr is one of many startups aiming to benefit from the combination of AI and cryptocurrency. To support the development of a “digital companion,” imgnAI closed a $1.6 million seed round in January, with Hack VC leading the round. In a pre-seed round headed by CoinFund, Bagel Network, a decentralized data platform designed to facilitate machine learning models, also raised $3.1 million.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
