Community voting has been completed for the third round of the Algovera Grants Program!
TLDR: Algovera’s decentralized AI DAO framework (DAID) will accelerate your journey from AI project to a decentralized-AI DAO. It covers how to set up sustainable monetization options for your datasets and AI models to marketplaces, to tools for decentralized AI and even how to set up DAO community.
TLDR: $5000 total budget for grants. Maximum of $1000 for each team. $1000 earmarked for underrepresented groups. Proposals open on January 1st at 12:01 am GMT. Proposals deadline on January 16th at 23:59 GMT.
“Look around. It’s hard to believe the Algovera Grants Program built this.” — Anon, 2031
Hi, we’re Algovera. We envision a world where independent AI developers have the freedom to work on projects that they’re passionate about. These AI developers would keep ownership of their ideas and inventions, receive rewards based on their contributions and acquire passive income based on the value generated by their creations. With this in mind, we are launching the Algovera grants program for projects that combine AI and Web3. For the first round, $5000 worth of grants are on offer with $1000 earmarked for underrepresented groups. Initially, the maximum grant for each individual project is $1000 (e.g. to fund one month of part-time work).
Many artists in Web3 use generative machine learning models to create digital art to sell as NFTs. This often involves re-training a model on a dataset collected by the artist, and publishing the output images on an NFT marketplace. Experimenting with newly-collated datasets and training procedures is time-consuming and expensive, meaning that artists are highly protective of these assets. However, recent private AI and decentralized marketplace (e.g. Ocean Protocol) technologies may enable artists to monetize their datasets and models while maintaining control and privacy. This has the added advantage of unlocking more value for artists and NFT enthusiasts through tokens, liquidity pools and staking.