AI projects are hitting the market. Some of these projects have enjoyed good success. But, a simple search of AI projects on GitHub shows that there are hundreds of projects yet to launch. Others are yet to maximize their potential.

These projects have the potential to improve what already exists on the market. But, we can’t feel their impact yet. And that’s because they can’t access the market. There are different factors preventing them from accessing the market. But projects like Openfabric provide answers to these hurdles. They provide an easy way for these new apps to penetrate the market.

Think of Openfabric as the Apple Store of AI. This means it runs a platform where anyone can have easy access to AI products. Openfabric tackles some of the current challenges hindering AI developers. Let’s look at these challenges.
What Challenges Does Openfabric Solve?
Here’s a short list of the problems Openfabric solves.
Complexity caused by the over-saturation of AI projects
As mentioned earlier, there are lots of projects in the AI market. This leads to the problem of complexity. So, it’s difficult to select the best AI application among the thousands of options.

 

This complex problem makes it hard for users to find solutions. It’s also tough for developers to differentiate and get to their target customers. It should be simple to select an AI solution for a specific issue by
  • running a quick search,
  • discovering the appropriate application,
  • and launching it or incorporating it into your application with only a few clicks.
User-Friendly Applications and Consumer Outreach
Applications must be appealing and easy to use. They must be practical. The average person should understand and easily access them. The average user gets dissatisfied with AI applications that are hard to use. And such solutions can hardly perform in the broader market.

Monetizing AI Research
Developers want to monetize their products and research. But that’s currently one of the biggest challenges in the market. There are two ways for developers and researchers to monetize their work:
 
  1. Indirect Monetization. This refers to when built-in AI features enhance a product’s value. But the features are not the sole provider of that value. This process has its pros. But, it can be hard for the average developer. Indirect monetization requires developers to have business leverage. The developers would need networks to integrate their services with other products. Furthermore, this method leaves room for contractual and distribution problems.
  2. Direct Revenue from AI as a Service
AI-as-a-service products give users on-demand AI features through subscription models. And it’s often at a good price for customers. But, this requires funding and teams. Plus, you need extra tools to produce an all-encompassing solution with practical application. Most AI firms and researchers can’t meet these demands.

How Does Openfabric Remedy This?
In its simplest form, Openfabric AI is a Layer 1 decentralized blockchain. It seeks to commoditize access to AI-generated data or information. So, it helps users to create, distribute, monetize, and use AI services anywhere.
Furthermore, it also helps developers to build and design AI decentralized applications (dApps). Openfabric offers the platform and infrastructure for such applications. That infrastructure also includes testing before selling a new app.

Openfabric helps AI researchers, and developers profit from their work. It also helps them expand their markets. And incorporate their solutions into their new services.

AI researchers and developers have a lot of value to provide. But they lack access to the market. Think of this situation as a person seeking to move from point A to point B. Then comes a ride service like Bolt or Uber. These platforms link drivers with passengers. That’s a near-perfect picture of Openfabric.
 
Openfabric is building an AI ecosystem where anyone can access cheap AI services. And integrate these AI services into new products to create a new demand for such products.

How Does This Differ from Others?

There’s no doubt that we already have great AI crypto projects. For example:

  1. Ocean Protocol
  2. SingularityNet
  3. Fetch.ai
These projects all address specific needs within the AI market. But they pay little or no attention to the greater need. People need a marketplace where they can monetize their craft. Openfabric offers that. It brings people together to collaborate. These collaborations lead to new products that resonate with the average user.
 
The Openfabric ecosystem revolves around the actions of four key players:
  • AI Innovators: These users create AI algorithms that can solve business problems.
  • Data Providers. They offer and distribute the necessary data for AI testing and training.
  • Infrastructure Providers: These users provide the hardware to train and test AI algorithms.
  • Service consumers. These end users leverage AI to improve their lives and businesses.

Conclusion

Already, there are several AI products on Openfabric. Each of these products solves specific problems. Here are a few:

  • Lifelike 3D Human Simulation
  • Intelligent 3D Model Design
  • Your personal AI assistant
  • Deepfake Creation and Detection
  • AI-Driven Music Remixing
  • Realistic AI Face Generation
  • Comprehensive language AI solutions

The list goes on. Would you like to see the best option to monetize your AI research and services? Then check out Openfabric. 

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This post is sponsored by Openfabric.
Copyright Altcoin Buzz Pte Ltd.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.