Ringefence announces the establishment of a foundation to advance decentralized AI development

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Ringfence AI , the first generative AI platform that ensures creators are compensated when their original works are used in AI-generated content (AIGC), announced the establishment of The Ringfence Foundation . The Ringfence Foundation’s mission is to build and support the technology needed to advance digital provenance and decentralized AI at scale. The Ringfence Foundation will focus on several key aspects of the Ringfence ecosystem: Ringfence AI, Ringfence Nodes, and the Ringfence Token (RFAI).

Ringfence AI represents the core protocol of Ringfence, providing creators with tools to protect, monetize and license their intellectual property and collaborate with artificial intelligence. Ringfence nodes and RFAI tokens are the first mechanism to introduce active participation to the Ringfence platform. Node operators will have the unique ability to participate in the worlds first community-trained AI model built with 100% user-authorized data, helping to advance data traceability and decentralized artificial intelligence.

Whitney Gibbs, CEO of Ringfence AI and Executive Director of the Foundation, explained: “The Ringfence Foundation will be an integral part of connecting builders, decentralized initiatives, and the Ringfence AI Platform to shape the future of decentralized AI. The Ringfence AI Platform and Node Sale will demonstrate the effectiveness of decentralization in the AI space with incentives that align with our core pillars: empowerment, decentralization, trust, and transparency. We are excited to share and prove our vision with the world.”

Ringfence Ecosystem

The Ringfence ecosystem includes projects based on the Ringfence protocol and third-party partners with similar missions. Currently, these partners include well-known companies such as Leonardo AI, Ta-da, Arweave, and Layer-Zero Labs.

Through Ringfence’s decentralized network of data nodes and physical infrastructure, and by aligning incentives between data owners and AI platforms, the Ringfence Foundation is working to build a more fair and decentralized AI network that empowers users and fairly rewards those who lend their data to train the network.

In the future, the Ringfence protocol will move towards a decentralized governance structure to realize the vision of a decentralized artificial intelligence network. The RFAI token is both the utility token of the platform and the management token of the Ringfence Foundation and ecosystem organizations.

About Ringfence:

Countless images, songs, and stories are scraped from the web to train generative AI tools without consent or compensation to the creators of these works. Ringfence, a groundbreaking creator platform, aims to change this by bridging AI and Web3 to provide creators with the infrastructure to thrive in the AI era. Through rNFTs and data nodes, creators can protect their work from unauthorized use, license it to others on the platform, generate derivative works, or license it for use in training Ringfence AI, which is trained only on authorized content. Ringfence is designed so that creators can set their own terms for monetization and use of their work.

About Ringfence Foundation:

The Ringfence Foundations mission is to build and support the technologies needed to advance digital provenance and decentralized AI at scale. The Ringfence Foundation will work to build projects on top of the Ringfence protocol and third-party partners. Through their decentralized network of data nodes and physical infrastructure, and by aligning incentives between data owners and AI platforms, the Ringfence Foundation is working to achieve a more fair and decentralized AI network that empowers users and fairly rewards those who provide data to train the network.

For more updates on the project, please visit the official Twitter .

This article is sourced from the internet: Ringefence announces the establishment of a foundation to advance decentralized AI development

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