Artificial intelligence tokens have the power of long -term permanence and will not be another cryptographic fashion such as non -fungible tokens (NFT), despite the fact that the industry has already seen its share of the failures, said Kava Labs co -founder, Scott Stuart, in an interview with Coindeesk.
“We had this first wave of AI, but that wave was projects like Fetch saying: ‘We are going to do a fusion’, but not produce anything of it, or projects like virtual or Ai16z, initially working well, then stopping 80% or 90%. It was an unhappy result,” Stuart told Coindensk in an interview.
Market data show that since January, virtual, the native token of the AI virtual protocol, has dropped almost 85%. Fet, the fetch.ai token, the artificial intelligence alliance, has dropped 60%.
Kava, on the other hand, is reasonably well affected, 5%less, exceeding Coindesk 20, a market index, which has dropped 29%.
Kava did not start as an AI project. Initially known for decentralized finances (Defi) based on cosmos, it began as another Defi project, but turned to the decentralized AI as a differentiator in the midst of the consolidation in progress in the cryptocurrency market.
Since its pivot, Kava has sent its Kava AI and Marketplace platform, a native blockchain chatbot that resembles Chatgpt driven by the Deepseek’s large R1 R1 Language Model, the Autonomous Agent and Decentralized GPU infrastructure.
Stuart said that this pivot was necessary because the Altcoins face an increase in challenges without a convincing narrative, which makes the clarity and value proposition of the decentralized AI critical.
“Unlike speculative bubbles such as NFT, the fundamental utility of decentralized AI guarantees their resilience. NFT or similar trends are essentially memes built on memes. Whatever beta for memes currencies will inevitably increase and decrease with hype cycles,” he said.
The company is building a decentralized infrastructure of artificial intelligence (AI) designed to be auditable, transparent and open source. Given its performance compared to the rest of the market, they are clearly in something.
“When you look at AI as a technology, it is just another way for corporations to present information,” Stuart said. “With OpenAi, there is a secret salsa component, and at any time in the future, they can adjust that model to serve what they want.”
Stuart argues that bets are substantial by separating the AI from this black box as technology becomes increasingly comprehensive for daily life.
“The closed code AI can adjust the models in a way that you cannot see. It does not know if it is optimized for its benefit or a company or even the interest of a nation-state,” he said.
And he is not the only one who has these concerns. In a previous interview with Coindesk, Simon Kim, CEO of the Hash of South Korea, the country’s leader web3, said that the closed code AI has made a “god” of a machine. Its internal functioning is still unknown and incomprehensible, but has been established as a pillar of society.
On the contrary, Kava Labs promotes an “open weight” approach, allowing anyone to verify the parameters of the AI model, as well as transparent intelligent contracts of Ethereum.
Recognizing how regulators see more and more the transparency of AI as a strategic interest in the United States, Stuart sees an opportunity to build an decentralized the infrastructure that is certifiable ‘made in the United States’ and backed by open source financing initiatives.
“During the last administration, the trend was to slide everything,” he said. “Now it seems that the reversal of that is taken seriously, and we are using this change as an opportunity to strengthen infrastructure based in the United States.”
And below this infrastructure there will be open source technology.
“The future of AI is not controlled by companies,” he concluded. “It is open, transparent and decentralized. Kava aims to lead this transformation.”
