LayerAI is a Layer-2 blockchain protocol that aims to power the AI economys internet and is designed for artificial intelligence (AI) development. LayerAI seeks to create an ecosystem where users can monetize their behavioral data through Data Capsules.

These Data Capsules represent datasets acquired from users' internet browsing activities. By minting these capsules, users can enter the AI2Earn program and offer their data for monetization.

LayerAI is built on the Ethereum blockchain and aims to combine the commercial applications of AI with tokenization through its $LAI token. The LayerAI network is EVM-compatible and uses zk-Rollup technology in its Layer-2 solution, capturing transaction fees and catering to mainstream markets.

LayerAI was previously known as CryptoGPT and underwent a rebranding in May 2023. During this time, the project announced a token swap for CryptoGPT (GPT) tokens to LayerAI (LAI) tokens.

Additionally, LayerAI offers a staking mechanism with its native cryptocurrency, $LAI. Staking $LAI allows community members to earn rewards from the AI economy.

The LayerAI platform allows users to monetize their behavioral data through Data Capsules. These AI Capsules are datasets acquired from users' internet browsing activities.

The Data Capsules enable users to compile fractions of their behavioral data, represented as AI Capsules. Once users mint these capsules, they can enter the AI2Earn program and offer their data for monetization.

LayerAIs Layer-2 network provides a framework where users can contribute their data and potentially earn rewards or compensation for their participation. Its use of zkRollup technology makes LayerAI more scalable.

Its EVM compatibility ensures that LayerAI is open to massive codebase libraries. This feature allows developers and end users to on-ramp the network quickly and conveniently.

The LayerAI project has been under development in stealth mode since mid-2022. While ChatGPT has become the most famous and popular AI app worldwide in 2023, it is privately funded by OpenAI.

Unlike OpenAIs ChatGPT, the LayerAI platform aims to democratize access to AI technology, offering monetizing opportunities to its users. As of June 2023, the LayerAI ecosystem already has over 2 million users.

Developers across the fields of lifestyle, music, gaming, dating, travel, and more sectors have leveraged the LayerAI ecosystem to generate income through Data Capsules. LayerAI is the first sustainable to earn ecosystem where users get paid for contributing data.

LayerAIs vision is to become a global data marketplace, leveraging data as an asset class. Its AI-2-Earn mechanism model lets contributors provide value and monetize user data with users consent.

LayerAI could be an interesting investment project to include in your crypto portfolio. Here are some reasons why:

Combination of Blockchain and AI Technologies

LayerAI is the first technology to successfully merge blockchain and AI, specifically focusing on decentralizing the wealth of the trillion-dollar AI and data market. By combining these two powerful domains, LayerAI aims to disrupt and decentralize the current data monetization model dominated by big tech companies like Meta and Google.

Large User Base and Adoption

LayerAI has already achieved significant user adoption with applications that have attracted more than 2 million users. This user base includes a wide range of lifestyle, music, gaming, dating, travel, and other app categories, making it one of the few AI platforms that have come close to the success of applications like ChatGPT. The established user base provides a strong foundation for the sustainable growth and mass retail adoption of LayerAI.

Sustainable 2Earn Ecosystem

LayerAI introduces a unique 2Earn ecosystem where users can earn rewards by contributing data that is then sold in the global data marketplace. Unlike many other to earn tokenized startups, LayerAI aims to ensure sustainability and avoid infinite token inflation by having a solid revenue foundation backing the payouts to users. This approach positions LayerAI as the first sustainable to earn ecosystem.

zkRollup Technology

LayerAI utilizes zkRollup technology, making it a scalable layer-2 blockchain solution. This technology enables LayerAI to process transactions off-chain while still ensuring the security and integrity of the network. Additionally, being EVM-compliant allows for easy integration with existing Ethereum-based applications, enabling rapid development and onboarding of developers.

Although we cannot offer an accurate LAI price prediction over any timeframe, several factors could influence price action and volatility in this token:

Level of Adoption and On-chain Activity in LayerAI Ecosystem

Increased use of the LayerAI platform drives up the demand for the LAI token, supporting its value. Higher on-chain activity within the LayerAI ecosystem strengthens the LAI to USD price in the market.

LayerAIs Future Developments and Partnerships

The progress of LayerAI's development, including technological advancements, partnerships, and ecosystem expansion, can impact the price of LAI token. Positive developments such as launching new features, successful integrations with other projects, or partnerships with industry players can increase investor confidence and interest, potentially leading to LayerAI price appreciation.

Crypto Market Sentiment

Investor sentiment and overall market perception of LayerAI can affect its token price. Positive news, community engagement, and a strong project reputation can attract more investors, leading to price appreciation. On the other hand, negative sentiment, concerns about project fundamentals, or market skepticism can lead to a decline in the $LAI price.

LAI is the native asset on the LayerAI Ethereum layer-2 network. It serves multiple purposes within the ecosystem, including:

Gas Token on LayerAI

LAI token acts as a multi-value gas token, fueling network transactions on the LayerAI platform. Transaction fees contribute to the ecosystem income and help sustain the decentralized AI economy.

Liquidity Events

LAI can be utilized for liquidity events such as buy-backs and burns. The DAO controlled by LAI stakers can vote to use treasury funds to buy back LAI from the open market or run constant burns of LAI tokens bought from the market. These actions contribute to redistributing the wealth generated by the AI revolution and provide potential value appreciation for the token.

Support LayerAI Core Apps

The LayerAI Foundation develops Core Apps, which are applications that kickstart the ecosystem data economy. The LAI token is a pillar for ecosystem income generated by these Core Apps.

LAI Data Market

LayerAI offers the LAI Data Market, a platform for developers and companies to provide consented data to purchasers. The LAI token is used for transactions and incentivizing participation within the data market.

Trade or HODL LayerAI Token

Trade LayerAI crypto against other digital assets on the BYDFi Spot Market to make the most of changing market conditions and volatility. You can buy or sell LAI or hold it long-term if you believe in the future potential of the LayerAI project. Remember to DYOR before making any trading decisions in the crypto market.

You can stake LAI on the LayerAI network to earn rewards. Heres how:

1. Configure and fund your crypto wallet by buying LAI on BYDFi or other supported platforms and transferring your tokens to your wallet.

2. Visit the Staking interface of the LayerAI app and connect your wallet to it.

3. Click Stake Now and scroll down to enter the number of LAI tokens.

4. Click Stake and confirm the transaction from your wallet.

5. Sit back, earn rewards, and grow your crypto portfolio by staking LAI on LayerAI.

LayerAI has fixed the total supply of LAI at 3 billion tokens. The following is the LAI token distribution:

1. 20% of the LAI supply was allotted for staking activities.

2. Another 20% went to the LAI public sale.

3. 25% of LAI tokens were assigned for data mining incentives.

4. 16% was distributed among the LayerAI team.

5. 10% was kept aside in the development reserve.

6. 6% of LAIs supply went to the project advisors.

7. 3% was allocated for marketing activities.