🤖 #Web3 and #AI are revolutionizing scarcity.
I'll explain how this impacts niche users, data streams, and model monetization. Buckle up! 🧵 1/19
I'll explain how this impacts niche users, data streams, and model monetization. Buckle up! 🧵 1/19
Economics 101: People want more than they can have. That's scarcity.
But with Generative #AI and #Web3, scarcity is taking a new form. /2
But with Generative #AI and #Web3, scarcity is taking a new form. /2
Scarcity has expanded beyond commodities that sustain us physically to those that affect our mental states. It now encompasses both intangible & tangible resources.
The scarcity of attention, influence, & creativity has become increasingly apparent in the digital world. /3
The scarcity of attention, influence, & creativity has become increasingly apparent in the digital world. /3
AI has come a long way since the 1950s. Initially a niche field, today it's a ubiquitous technology that's accessible to almost everyone.
Generative AI creates new data like images, videos, and texts with vast and increasingly sophisticated applications. /4
Generative AI creates new data like images, videos, and texts with vast and increasingly sophisticated applications. /4
AI has evolved from a niche field of research to a ubiquitous technology accessible to almost everyone.
Advancements in technology and data availability have led to an explosion in AI tools and applications.
Generative AI creates new data with vast potential applications. /5
Advancements in technology and data availability have led to an explosion in AI tools and applications.
Generative AI creates new data with vast potential applications. /5
The blend of Generative AI and Web3 technologies has the potential to revolutionize the way we create and distribute digital content.
This could bring about a paradigm shift in the way we approach scarcity & enable new forms of interaction between people and organizations. /6
This could bring about a paradigm shift in the way we approach scarcity & enable new forms of interaction between people and organizations. /6
By removing intermediaries, and fostering transparency & trust, users will be able to interact w/ online platforms w/o giving their personal data to a central authority.
With the power of these technologies, we can create a lot of once-scarce digital assets & experiences. /7
With the power of these technologies, we can create a lot of once-scarce digital assets & experiences. /7
-Niche Users of Generative AI & Web3
Generative AI & Web3 technologies enable niche users to create & exchange highly valuable, unique, & scarce digital assets like digital art & collectibles.
They allow creators to showcase their creativity & sell their one-of-a-kind work. /8
Generative AI & Web3 technologies enable niche users to create & exchange highly valuable, unique, & scarce digital assets like digital art & collectibles.
They allow creators to showcase their creativity & sell their one-of-a-kind work. /8
Generative AI and #Web3 can help address mental health challenges by creating personalized content that inspires or soothes users and providing a secure way for users to interact with mental health platforms without worrying about their data being sold to third parties. /9
- Data Streams
Generative AI & Web3 technologies have unlocked new data streams that generate vast amounts of information.
These data can be used to train AI models, analyze patterns, & create predictive models.
Decision-makers can leverage these models to make solutions. /10
Generative AI & Web3 technologies have unlocked new data streams that generate vast amounts of information.
These data can be used to train AI models, analyze patterns, & create predictive models.
Decision-makers can leverage these models to make solutions. /10
Generative AI and Web3 technologies generate valuable data that can enhance decision-making and fuel innovation.
As technology advances, data streams may evolve into a valuable commodity, necessitating platforms that enable the exchange of data streams. /11
As technology advances, data streams may evolve into a valuable commodity, necessitating platforms that enable the exchange of data streams. /11
- Model Monetization
Model monetization opportunities have opened up with the advent of Generative AI and Web3 technologies.
The creation of highly accurate and valuable predictive models is made possible by the generation of more data. /12
Model monetization opportunities have opened up with the advent of Generative AI and Web3 technologies.
The creation of highly accurate and valuable predictive models is made possible by the generation of more data. /12
These models can be utilized to create new products and services or sold to third-party companies.
This provides a means for creators of Generative AI and Web3 technologies to profit from their work and support future innovations. /13
This provides a means for creators of Generative AI and Web3 technologies to profit from their work and support future innovations. /13
Licensing Generative AI models could be a viable way to monetize them.
One could license their AI models to other parties in return for a fee.
This approach can be especially useful in industries that place a high value on creativity, such as music and art. /14
One could license their AI models to other parties in return for a fee.
This approach can be especially useful in industries that place a high value on creativity, such as music and art. /14
-Challenges
Leveraging blockchain can set a transparent & immutable record of ownership & usage rights for generative AI & Web3 work, ensuring efficient attribution & commercialization.
This allows creators to retain control over their work, even as others use & share it. /15
Leveraging blockchain can set a transparent & immutable record of ownership & usage rights for generative AI & Web3 work, ensuring efficient attribution & commercialization.
This allows creators to retain control over their work, even as others use & share it. /15
Smart contracts can be a potential solution to facilitate commercialization.
They are self-executing contracts stored on a #blockchain that can automate the process of buying & selling digital content, ensuring that creators receive proper compensation for their work. /16
They are self-executing contracts stored on a #blockchain that can automate the process of buying & selling digital content, ensuring that creators receive proper compensation for their work. /16
Closing thoughts
Generative AI and Web3 have the potential to address the new forms of scarcity that have emerged in the digital age.
These technologies can transform the way we think about scarcity and abundance, enabling new forms of creativity and collaboration. /17
Generative AI and Web3 have the potential to address the new forms of scarcity that have emerged in the digital age.
These technologies can transform the way we think about scarcity and abundance, enabling new forms of creativity and collaboration. /17
Personalized content, #decentralization, and data streams are just a few examples of how these technologies could be used to achieve this goal.
Ensuring that creators are appropriately attributed and compensated is essential to the success of these technologies. /18
Ensuring that creators are appropriately attributed and compensated is essential to the success of these technologies. /18
As technology continues to develop, we can anticipate the emergence of new and innovative applications.
With more people embracing these technologies, their impact is expected to continue to grow and their potential fully realized. /19
With more people embracing these technologies, their impact is expected to continue to grow and their potential fully realized. /19
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