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Understanding aiRight ($AIRI): Pioneering Trust in NFTs through AI Technology
Introduction to aiRight ($AIRI)
In the constantly evolving domain of Web3 and cryptocurrency, aiRight ($AIRI) emerges as a pioneering project aimed at creating a trustworthy and secure environment for the Non-Fungible Token (NFT) community. By leveraging cutting-edge artificial intelligence (AI) technologies, aiRight ($AIRI) responds to the urgent need for authenticity and credibility within the rapidly growing NFT landscape. This article will explore the key aspects of aiRight, including its vision, functioning, creators, investors, and historical timeline.
What is aiRight ($AIRI)?
At its essence, aiRight ($AIRI) is an AI-driven platform specifically designed for NFT creation and copyright management. This innovative initiative not only facilitates the creation of NFTs but also establishes a secure framework to ensure the legitimacy of artistic contributions. The platform offers a comprehensive suite of tools tailored for both creators and collectors:
- AI NFT Generation: Artists can utilise the platform to create unique artworks powered by AI algorithms.
- Prime Level-up Couponright Issuance: A notable feature is the ability to issue copyrights for generated NFTs, essential for protecting creators' rights.
- Tokenisation of Assets: Unique artworks can be tokenised, allowing for easier trading and transfer of ownership.
- Royalty Mechanism: The platform incorporates a robust on-chain royalty mechanism, ensuring that artists receive ongoing compensation for their work.
With these features, aiRight aims to redefine the standards of creativity, ownership, and trust within the NFT ecosystem.
Who is the Creator of aiRight ($AIRI)?
While specific details regarding the creator of aiRight ($AIRI) remain largely undisclosed, the project's significant connection to Oraichain is noteworthy. Oraichain acts as the ecosystem's provider, enabling the integration of AI functionalities through its AI Oracle. This partnership empowers aiRight to offer a diverse range of services, including access to its marketplace, organisation of decentralised finance (DeFi) galleries, and cross-chain bridging for NFTs. The alliance with Oraichain highlights the innovative nature of aiRight and its dependence on advanced technology for efficient operations.
Who are the Investors of aiRight ($AIRI)?
As per the latest information available, specific details regarding the investors supporting aiRight ($AIRI) are not publicly disclosed. While this lack of transparency may seem concerning, it is common in the crypto space, especially for emerging projects. The focus remains on the technology and the community it builds, which are essential for long-term sustainability and growth. The absence of disclosed investors does not diminish the core mission and vision of aiRight to enhance the NFT landscape with AI-driven solutions.
How Does aiRight ($AIRI) Work?
The operational framework of aiRight ($AIRI) is backed by a range of innovative features that distinguish it from traditional NFT platforms:
AI-based NFT Audit
aiRight utilises AI algorithms to conduct comprehensive audits on media assets before they are minted into NFTs. This feature assesses the creditworthiness of assets and generates an authenticity report, enhancing trust among users by providing assurance that what they are purchasing holds genuine value.
On-chain and Off-chain Authenticity Levels
One of the major challenges in the NFT space is distinguishing between original artworks and modified copies. aiRight effectively addresses this issue by detecting copyright infringement and providing distinct authenticity levels for both on-chain and off-chain assets.
NFT Transaction History
aiRight offers a transparent transaction history for each NFT, accompanied by a knowledge graph that highlights abnormal behaviours. This continuous monitoring aids in tracking ownership changes and ensures that all transactions are verifiable and legitimate.
Predicted Fair Market Value
By utilising AI for deeper market insights, aiRight incorporates predictive analytics to determine a fair market value for NFTs. This involves evaluating factors such as sales volume, minting activity, social sentiments, and community growth, which are crucial for buyers and sellers alike.
Timeline of aiRight ($AIRI)
The journey of aiRight ($AIRI) showcases a series of key developments and milestones since its inception. Below is a chronological timeline capturing these pivotal events:
2021: Discussions begin regarding AIRI token allocation. Strategic emphasis is placed on emission reduction and adjustment of the ORAI-AIRI swap through the Reserve Pool mechanism to combat inflation.
2021: The decision is made to cancel the Initial DEX Offering (IDO) alongside the burning of the original 100M AIRI tokens designated for the IDO. This is done to maintain the integrity of the project's roadmap and objectives.
2024: Continues to expand its offerings, focusing on the development and introduction of the NFT Audit service to cater to a broader market, thus enhancing its utility and outreach.
Key Features of aiRight ($AIRI)
Beyond its innovative tools and operational methodologies, aiRight ($AIRI) incorporates several features that enhance its viability in the NFT space:
Governance
A significant aspect of aiRight is its governance model, wherein holders of AIRI tokens are empowered to engage in vital decision-making processes. This includes setting service fee rates, creating buyback and burn policies, determining farming rewards, and profit-sharing frameworks—ensuring that participants have a vested interest in the ecosystem's success.
Farming Opportunities
Participation within the aiRight ecosystem is incentivised through farming opportunities. Participants can earn AIRI tokens by engaging in yield farming activities, whether through dedicated galleries or specific pools exclusive to gallery tokens and contributors.
Utility of AIRI Tokens
The AIRI tokens are not merely digital assets; they serve multiple functions within the ecosystem. They act as the medium of exchange for marketplace transactions, grant access to gallery creation, and cover farming fees. By establishing such a structured internal economy, aiRight enhances the user experience and sustainability of operations.
Conclusion
In conclusion, aiRight ($AIRI) signifies a transformative shift in the NFT and crypto landscape, primarily enabled by AI technology. By providing a secure and credible platform for both creators and collectors, aiRight aims to enhance the authenticity and trustworthiness surrounding NFTs—a critical requirement for the growth of this sector. With its distinctive approach, robust technological features, and proactive community governance, aiRight stands out as a visionary project in the Web3 ecosystem, setting new benchmarks for NFT creation and management. As aiRight continues to evolve, its ongoing innovations could lay the groundwork for a more advanced and secure future for digital assets.
