Really excited to share what we're been working on with
@AlloraNetwork
, a self-improving decentralized AI network.
Allora introduces incentives for different ML models to simultaneously evaluate and learn from other models on the network.
These incentives are a critical
Today we are thrilled to introduce
@AlloraNetwork
, a new self-improving decentralized AI network.
A 🧵 on what Allora is, what it means for decentralized AI, and Upshot's role in the network 👇
Excited to share a longer piece I've been working on about AI x Crypto and how it will transform financial markets.
[Link to the article itself in the tweets below.]
The world of NFT financialization is growing. 🔮
With NFTs expanding beyond just collectibles, pioneers are using DeFi mechanics to inject liquidity into these assets, creating novel financial markets.
Let's explore the current state of NFT financialization 👇
miladys are such an easy buy.
they are more or less *the* “defi x nft collection”
as a result, derivative/levered exposure to them is supported early on in most protocols and relatively liquid
being a focal point in nascent derivative markets is more powerful than most think
It's a big day for Upshot 🎉
Working on tools for NFT price-discovery and peer prediction is the most fulfilling work I've ever done
I want to thank our investors and community for letting us spend our time solving these problems
Real-time NFT price feeds are around the corner
Thrilled to announce we've just raised $7.5 million in a round led by
@hiFramework
,
@coinfund_io
, and
@blockchaincap
🎉
This catalyzes our journey to real-time NFT price feeds powered by crowdsourced appraisals.
Stay tuned.
👉
appreciating my rocky dickbutt this morning, my personal fav
good example of a dickbutt making up for a lack of rarity (one of the least rare in the collection) by being so clean and cohesive
if you are looking to decentralize this year, i'd heartily look at everything that
@SiaTechHQ
are doing, they have real world applications that are up and running now, already, worth making the swap to similar services you already use.
At Upshot, we have been focused on leveraging decentralized networks and AI to create efficient market structures for long-tail, nebulous resources.
With
@AlloraNetwork
, we’ve taken what we built over the past 3+ years at Upshot to build a coordination layer for the world’s
Upshot is now Allora Labs ✳️
Upshot has been an integral part of our journey, but as we've evolved so must our identity.
As core contributors to
@AlloraNetwork
, a more appropriate name is fitting:
We are Allora Labs, and our mission is to commoditize the world's intelligence.
idea: an nft collection that lets you pay a fee to "shuffle" your nfts' metadata/traits
would keep the collection fresh and create a non-dilutive revenue stream for the collection's dao
and who doesn't like rolling the dice sometimes
The layer 2 landscape just got a lot more interesting 🍿
Two DeFi giants living on different L2's (Aave on Polygon & Synthetix on Optimism) is very bullish for interop protocols like
@HopProtocol
Time to announce Upshot One - a new question & answer protocol we’ve been working on. It leverages recent innovations in a field of mechanism design called peer prediction to incentivize honest answers to questions.
“I love saying things like, "It's lit," or, "That's fire." I love those turns of phrase. And people are like, "That's not professional." And I'm thinking, "Go f**k yourself. Honestly, go eat a d**k."” -
@Melt_Dem
, 2022
We're proud to be building on Skynet at
@UpshotHQ
. Free access to information in combination with subjective truth-telling incentives gives users control over how the internet is organized (instead of centralized orgs controlling what we see).
The future is decentralized.
10/
It's been my pleasure to be a part of a community dedicated to reviving Internet freedom. We call ourselves Terminators, and we're building a future called Skynet.
Because in a timeline where Donald Trump can be President, Skynet can save humanity.
To effectively decentralize AI, we need to build systems that enable machine learning models to learn from each other over time.
That's what we're building with
@AlloraNetwork
, a self-improving decentralized AI network.
Read the rest of my op-ed here:
We're excited to announce that we just closed our $22M Series A2, led by Polychain Capital, to help us scale our development of the leading real-time NFT appraisals and tools for novel NFT x DeFi primitives.
A new era is upon us. We are proud to announce the launch of SkyDB - the final building block by Skynet that enables next-generation applications to compete with the siloed centralized web.
Open Beta time for Upshot. Get in there, appraise NFTs, get paid, have some fun 🎉
The goal of this open beta is to get user feedback and improve the product before an official launch. If you have any, jump into the Discord and let us know!
We are proud to partner with
@ionet_official
to unlock secure AI development with improved computational efficiency and model accuracy in the compute layer of the AI stack.
Click below to read more about our partnership:
A core value prop of crypto is that it enables us to financialize *anything*.
The latest example of this is via
@RacerLoans
-- enabling people to take out loans against
@friendtech
keys.
Loans are powerful as they can be used to hedge your risks, or gain leverage by loaning
Upshot appraisals are now live on Genie 👀
This adds a powerful new dimension to sweeping and is a big step towards creating more mature NFT investing tools.
📢 The alpha you need in this market
Genie now shows you expert appraisals powered by AI with industry-leading accuracy from
@UpshotHQ
🤝
🔍 Spot deals in 300+ collections
💸 Simplify your pricing research with ML
⚡️️See hourly updates
Save time. Save money. Only on Genie. ✨
The driving force behind ongoing experimentation at the intersection of crypto and AI is the same that drives much of crypto’s most promising use cases - access to a permissionless and trustless coordination layer that better facilitates the transfer of value.
Excited to share how
@UpshotHQ
's appraisals performed in the
@Sothebys
Grails II auction yesterday.
Our appraisals vs final prices (excluding the goose):
Upshot Appraisals: $4,879,364
Final Prices (including Buyer Premium): $4,731,004
% difference: 3.14%
Full blog post soon
I’m excited to share what we’ve been working on as part of our goal to bring decentralized AI to DeFi.
The
@UpshotHQ
Machine Intelligence Network is the culmination of years spent evolving and fine-tuning our approach as a company.
Two and a half years ago, we built a
Announcing the Upshot Machine Intelligence Network.
This is a first step in merging AI with DeFi.
The network uses a new “Proof of Alpha” mechanism which rewards users for the alpha they contribute.
The result is a scalable, self-improving AI network optimized for DeFi.
🧵
It’s time to lay out my bull thesis for
@friendtech
and why it’s different from similar platforms like
@BitClout
.
The most fundamental difference between the two is in which Network “laws” apply to them. More specifically:
Metcalfe’s Law vs Reed’s Law.
NFT markets are maturing.
With new NFT financial primitives coming online and gaining adoption, the NFT space is entering a new era:
Welcome to the era of leverage and volatility.
Wrote a quick post outlining this:
Post summarized in thread below 🧵
Here are the *initial*
@UpshotHQ
estimates:
Upshot has a proven track record of providing reliable NFT valuations, more accurately reflecting their true market value.
Accurate estimates are integral in safeguarding & maximizing returns for 3AC creditors.
Mark your calendars for GRAILS: Part II, the largest-ever live auction of digital art happening at Sotheby's New York on 15 June! Discover highlights in the thread below 👇
#SothebysGRAILS
📌 Bidding open 1 - 15 June
Upshot is live today 🙂
I'll be releasing more content over the next few weeks about how our ML models work, the new NFTfi primitives we're building with them, etc.
I'm very proud of what our team has accomplished & excited to show everyone what else we've been working on 🚀
This collaboration (and the zkPredictor) marks an important milestone in decentralized AI.
As we have been reminded in the past couple of days, decentralization is important. Too often, centralization exposes us and our most important systems to malicious actions made by
We're excited to officially announce our partnership with
@ModulusLabs
.
With them, we've built the zkPredictor: the world's first zkML price predictor.
Here's how you can use it, and what it means for DeFi 🧵 👇
Leveraged upside exposure to BTC on Ethereum through
@PolymarketHQ
is a marriage of some of the coolest things in crypto (bitcoin, ethereum, and prediction markets).
MRE (Median Relative Error) is a measure of how accurate NFT appraisals are. An MRE of 12.75% means appraisals are usually off by about 12.75%.
Industry-leading MRE is (sorry, was) ~8-9% w/ most models being between 10-20%.
@UpshotHQ
just achieved a CryptoPunks MRE of 2.5%
The intersection of AI and crypto will be a major leap forward in how efficient markets can be and how many domains they can be used in (especially long-tail domains).
This era of "hyper-financialization" will make markets a much more fundamental part of how we coordinate as a
"We are moving into an era of hyper-financialization, in which anything that can become financialized will be. And it will culminate at the intersection of AI and crypto," says
@nick_emmons
@UpshotHQ
.
Opinion.