What is AIRI

Understanding aiRight ($AIRI): Pioneering Trust in NFTs through AI Technology

Introduction to aiRight ($AIRI)

In the ever-evolving realm of Web3 and cryptocurrency, aiRight ($AIRI) emerges as a groundbreaking project with the intent to foster a trustworthy and secure environment for the Non-Fungible Token (NFT) community. By harnessing cutting-edge artificial intelligence (AI) technologies, aiRight ($AIRI) addresses the pressing need for authenticity and credibility within the burgeoning NFT landscape. This article will delve into the significant aspects of aiRight, exploring its vision, functioning, creators, investors, and historical timeline.

What is aiRight ($AIRI)?

At its core, aiRight ($AIRI) is an AI-driven platform designed specifically for NFT creation and copyright management. This innovative initiative not only facilitates the generation of NFTs but also establishes a secure framework that ensures the legitimacy of artistic contributions. The platform boasts a comprehensive suite of tools tailored for both creators and collectors:

• AI NFT Generation: Artists can utilize the platform to generate unique artworks driven by AI algorithms.
• Copyright Issuance: One of the standout features is the facility to issue copyright for the generated NFTs, essential in protecting creators' rights.
• Tokenization of Assets: Unique artworks can be tokenized, allowing for easier trading and ownership transfer.
• Royalty Mechanism: The platform incorporates a robust on-chain royalty mechanism, ensuring that artists receive ongoing compensation for their work.

Through these features, aiRight seeks to redefine the standards of creativity, ownership, and trust in the NFT ecosystem.

Who is the Creator of aiRight ($AIRI)?

While specific details concerning the creator of aiRight ($AIRI) remain largely undisclosed, the project's vital connection to Oraichain is noteworthy. Oraichain serves 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, organization of decentralized finance (DeFi) galleries, and cross-chain bridging for NFTs. The alliance with Oraichain underscores the innovative nature of aiRight and its reliance on advanced technology for effective operations.

Who are the Investors of aiRight ($AIRI)?

As of the latest information available, specific details regarding the investors backing aiRight ($AIRI) are not publicly available. While this lack of transparency may appear concerning, it is common within the crypto space, particularly 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 detract from the core mission and vision of aiRight toward enhancing the NFT landscape with AI-driven solutions.

How Does aiRight ($AIRI) Work?

The operational framework of aiRight ($AIRI) is underpinned by a range of innovative features that set it apart from traditional NFT platforms:

AI-based NFT Audit

aiRight employs AI algorithms to perform comprehensive audits on media assets before they are minted into NFTs. This feature assesses the creditworthiness of the assets and generates an authenticity report, enhancing trust among users by ensuring that what they are buying holds genuine value.

On-chain and Off-chain Authenticity Levels

One of the critical challenges in the NFT space is distinguishing between original artworks and modified copies. aiRight tackles this issue effectively 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, paired with a knowledge graph that highlights abnormal behaviors. This continuous monitoring helps to track ownership changes and ensures that all transactions are verifiable and legitimate.

Predicted Fair Market Value

Utilizing AI for deeper market insights, aiRight integrates 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 pivotal 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 that captures these pivotal events:

• 2021: Discussions initiate regarding AIRI token allocation. Strategic emphasis is laid on emission reduction and adjustment of the ORAI-AIRI swap through the Reserve Pool mechanism to counter inflation.

• 2021: The decision is made to cancel the Initial DEX Offering (IDO) along with the burning of the original 100M AIRI tokens designated for the IDO. This action is taken to preserve 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 serve a broader market, thereby enhancing its utility and outreach.

Key Features of aiRight ($AIRI)

Beyond its innovative tools and operational methodologies, aiRight ($AIRI) incorporates several features that augment its viability in the NFT space:

Governance

A significant aspect of aiRight is the governance model, where holders of AIRI tokens are empowered to participate in vital decision-making processes. This includes setting service fee rates, formulating 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

Engagement within the aiRight ecosystem is incentivized 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 just digital assets; they serve multiple functions within the ecosystem. They act as the medium of exchange for marketplace transactions, provide 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 powered by AI technology. By providing a secure and credible platform for creators and collectors alike, 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 standards 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.