Cointime

AI Meta Club: Transforming the Metaverse Landscape with AIGC Technology

Cointime Official

In 2022, Metaverse, the ultimate evolution of the internet, experienced a period of stagnation. In 2023, the introduction of ChatGPT brought explosive growth in AI-Generated Content (AIGC), marking a significant turning point.

Technology giants like Meta and Microsoft find themselves grappling with a fundamental question: how to build a Metaverse?

The Metaverse is an expansive, intricate virtual world that demands an infinite amount of digital content, including virtual scenes, objects, characters, and events. Manual creation and development alone cannot meet these content requirements. This is where AI-Generated Content (AIGC) comes into play, effectively addressing this challenge. AIGC has the ability to rapidly generate vast quantities of high-quality content based on user instructions, encompassing text, images, audio and video, and even 3D assets. This significantly enhances the efficiency of Metaverse content production.

Building a Metaverse with one single click using AIGC is not a distant futuristic concept. The AI Metaverse project, AI Meta Club, is harnessing the power of AIGC to transform the way how Metaverse is built, enabling users without technical or design backgrounds to actively participate in the creation of Metaverse.

  AI Meta Club: Empowering Metaverse with AIGC 

AI Meta Club is a Decentralized Autonomous Organization (DAO) platform that seeks to redefine our interactions, work, and entertainment within the digital realm by harnessing the capabilities of artificial intelligence (AI) and blockchain technology. Through its DAO structure, AI Meta Club is creating an ecosystem that allows community members to collectively explore the powerful fusion of AI and the Metaverse.

Originally incubated by Tuple Consultancy, AI Meta Club has garnered substantial financial support from renowned investment institutions such as 01 Capital, Tiger VC DAO, Tuple Ventures, and Crypto Island Capital. Moreover, strategic partnerships have been established between AI Meta Club and cutting-edge Web3 projects spanning diverse domains. These collaborations include the virtual IP Metaverse platform known as Planet Hares,  the NFT venture RomanticLand, and the SocialFi Metaverse social platform Freecity. By working closely with projects in gaming, social, NFTs, and the Metaverse, AI Meta Club aims to expand the boundaries of AI and Web3 technologies, fostering the development of a Metaverse ecosystem that caters to a broader array of users and communities.

Metaverse Ecosystem of AI Meta Club 

By 2024, AI Meta Club has set ambitious goals to deliver comprehensive end-to-end technical services, encompassing text, images, 3D models, NFTs, and the Metaverse. The platform aims to provide a variety of AI-Generated Content (AIGC) services that facilitate metaverse content creation, which includes prompt text generation, an AI-driven Q&A platform, 2D image synthesis from text, 3D model rendering from images, virtual character integration into third-party metaverse platforms, and IPFS (distributed storage service).

AI Meta Club's online product offerings consist of:

  • AMChat: AI-Powered Question-Answer Generator

In April of this year, the platform launched AMChat, an AI-driven question-and-answer tool powered by GPT-4. AMChat is primarily designed to harness the potential of blockchain AI and support community users in learning about blockchain, cryptocurrency, smart contracts, artificial intelligence, the metaverse, and decentralized applications (DApps). Essentially, AMChat operates as a ChatGPT-like question-and-answer tool, enabling users to interact with it in various ways.

For example, if you want to create a smart contract but lack development experience and technical knowledge, you can simply ask AMChat, "Generate a token contract named AIVETA with a total supply of 10,000 tokens." Within seconds, AMChat will automatically produce the necessary smart contract code.

  • Text2Image: AI-Generated Image Tool

This month, AI Meta Club introduced Text2Image, an AI-based image generation tool. Text2Image enables users without a background in drawing to create high-quality visuals based on textual descriptions. Notably, AI Meta Club is the first Web3 native project to offer this functionality. With Text2Image, users can generate images directly within a Telegram group by entering a descriptive prompt, and the AI will produce the corresponding image accordingly.

AI Meta Club has also introduced an NFT trading market, allowing community members to purchase and trade NFTs on the platform and import character NFTs into third-party Metaverse games. In the future, the platform plans to launch an AI tool platform that enables community members to access a variety of AI content creation tools, including AI writing, image generation, character creation, and video production.

For users, the AI Meta Club metaverse ecosystem empowers them with greater creative control and freedom. It offers a one-stop service that enables users to enter the Metaverse without any prior knowledge and at no cost. For instance, users can freely buy and sell prompts on the platform to command AI more conveniently and accurately, use AI tools to generate images from text, and convert those images into 3D virtual avatars. Users can then connect these 3D virtual avatars to various metaverse platforms, creating a digital representation of themselves that enhances their sense of participation in the virtual world.

For third-party Web3 projects, AIGC is revolutionizing the development and expansion of their Metaverse. AIGC tools provide the Metaverse with innovative digital-native content generation, consumption, and interaction solutions, creating a more realistic and immersive virtual world experience. As an example, consider the collaboration between AI Meta Club and its strategic partner Planet Hares. AMC integrated its AI language system into this Metaverse RPG game, crafting a richer and more engaging communication experience for players.

Tokenomics of AI Meta Club 

$AMC is a utility token for the AI Meta Club platform that can be freely bought, sold, and traded on cryptocurrency exchanges. At 15:00 on May 26, Singapore time, $AMC will be listed on the Poloniex cryptocurrency exchange.

All AIGC services mentioned above require AMC tokens, and users can offer storage services for AIGC-generated content and earn AMC through staking or mining.

The total token supply is 1 billion, with no current plans to issue additional tokens. DAO tokens comprise 90% of the total supply, including 60% for ecosystem development, 30% for competitive gaming, and 10% for community rewards. The remaining 10% will be allocated to foundations, technical teams, partnerships, marketing, community support, and more. Tokens will be released linearly and incrementally according to a predetermined schedule, ensuring a controlled and orderly increase in market token supply.

To maintain token value, the platform employs two popular strategies—buybacks and token burning. AI Meta Club will periodically repurchase and burn AMC tokens from the open market, reducing the total AMC supply and increasing the token value.

Furthermore, AI Meta Club plans to establish a management model that combines AI and DAO in 2024. Users holding AMC will automatically become members of the DAO community and can participate in community governance and decision-making.

Reviving the Metaverse

The Metaverse has faced disillusionment, but this does not make it inherently worthless. Technological innovation is helping the Metaverse overcome its trough period. AIGC technology has emerged as a critical foundation for the Metaverse, while the Metaverse has become an important use case for AIGC.

Moreover, AI is only one of the six pillar technologies, "BIGANT," supporting the Metaverse. With continuous advancements in complementary technologies such as Blockchain, Interactivity, Gaming, Networking, and the Internet of Things, we might soon be able to create an ideal Metaverse through a simple dictation.

Comments

All Comments

Recommended for you

  • Hong Kong and Macao police jointly arrested 4 people this week in connection with the JPEX case and seized or frozen 24 million Hong Kong dollars in assets.

    With regards to the JPEX virtual asset trading platform case, the Hong Kong police have received 2,417 reports, involving a total amount of over HKD 1.5 billion. Assistant Commissioner of Police, Chung Yung-min, stated that the Hong Kong police carried out a joint operation with the Macau Judiciary Police from Tuesday to Thursday this week, arresting four people and seizing or freezing HKD 24 million in assets, including casino accounts and a large amount of cash. She also said that the police are actively tracing the whereabouts of virtual assets, have identified other targets, but some have left Hong Kong. The police will work with international cooperation to arrest those involved. She pointed out that the JPEX fraud network is very large and complex, and the investigation is still in its early stages. Those involved still insist that it is a legitimate investment platform. She hopes that the public will be more cautious when making any decisions regarding JPEX. Chief Superintendent of the Cyber Security and Technology Crime Bureau, Cheng Lai-ki, said that the criminal group has destroyed many documents, making it difficult for the police to track the fraudulent funds and investigate. However, she emphasized that the police will continue to communicate with overseas trading platforms to trace the whereabouts of virtual assets. A total of HKD 5 million worth of encrypted currency assets have been frozen temporarily. 

  • Valkyrie Ethereum Futures ETF Receives U.S. SEC Approval

    The US SEC has approved Valkyrie to convert its existing Bitcoin futures ETF to a Bitcoin and Ethereum futures ETF. The new fund will be renamed "Valkyrie Bitcoin and Ethereum Strategy ETF" and will take effect on October 3, with the code still being BTF.

  • AlphaSense Raises $150M in Series E Funding Round Led by BOND and Alphabet's CapitalG

    AlphaSense, a B2B AI platform focused on business intelligence and search, has completed a successful Series E funding round, raising $150 million. The round was led by BOND and included investments from Alphabet's CapitalG, Goldman Sachs, and Viking Global. AlphaSense's valuation has grown from $1.7 billion to $2.5 billion since its Series D funding round in June 2023. The platform uses machine learning to provide deep insights into business and finance analytics, offering "insights-as-a-service." The latest investment will allow AlphaSense to continue leading the generative AI revolution in the B2B sector.

  • web3 startup IYK raises $16.8 million in seed funding, led by A16z Crypto

    Web3 startup IYK has raised $16.8 million in seed funding, with A16z Crypto leading the way and other investors including 1kx, Collabcurrency, Lattice Capital, and gmoney. According to its website, IYK is a participant in the a16z Crypto Startup School, which is an accelerator program from the venture capital giant that typically invests $500,000 in participating startups in exchange for 7% equity. IYK says that it has recruited over 100 creators from industries such as fashion, music, and art since its founding in 2021. To attract more brands and creators, it is launching a self-service platform to help create digital physical experiences.

  • Oracle project Supra completed over US$24 million in financing, with participation from Animoca Brands and Coinbase Ventures.

    On September 28th, Supra, a provider of oracle and VRF services, announced that it had completed a funding round of over $24 million. Investors in this round include Animoca Brands, BCW, Coinbase Ventures, FiveT Fintech (formerly Avaloq Ventures), Galaxy Interactive, Hashed, HashKey, Huobi Ventures, No Limit Holdings, Prosus Ventures, Razer.com, Republic Crypto, Shima Capital, Signum Capital, SMO Capital, Sound Ventures, Sublime Ventures, UOB Venture Management (Dahua Bank), and Valor Equity Partners.

  • Hong Kong police arrested three people again in connection with the JPEX case, bringing the total number of arrests to 15

    Hong Kong police arrested three more people related to the JPEX case, including one director and one employee of the overseas exchange Lupin, and one popular analyst from a foreign currency exchange shop. The total number of arrests is now 15. The police have received a total of 2,392 reports, involving a total amount of nearly 1.5 billion yuan, and have frozen 77 million yuan in assets. 

  • The EU will collect data proving that cryptocurrency PoW mechanisms "seriously" harm the environment and plans to develop sustainability standards

    On September 28th, the European Commission released a tender contract worth 800,000 euros (approximately $842,000) aimed at mitigating the "significant harm" that cryptocurrency poses to the environment. The research, which will end on November 10th, will establish standards that will be incorporated into potential future EU policies to curb the impact of cryptocurrency on climate change and develop new energy efficiency labels for blockchain. The European Commission stated in the tender document that "there is evidence that crypto-assets can cause significant damage to the climate and the environment," which could undermine the EU's greenhouse gas reduction targets, indicating that new sustainable development standards may be adopted in the future. EU legislators are concerned about the energy-intensive PoW consensus mechanism that supports blockchain such as Bitcoin. The EU's research will be completed within a year and will study green issues related to the use of water, waste, natural resources, and energy by cryptocurrencies. (CoinDesk)

  • Brazil’s cryptocurrency trading volume in July was US$3.7 billion, with USDT trading accounting for 81.6%

    According to data from the Federal Tax Authority, cryptocurrency transactions in Brazil reached 18.8 billion Brazilian real (approximately 3.7 billion US dollars) in July, a decrease of 11.4% compared to the previous month. The three highest transaction volumes were stablecoins, with USDT accounting for 15.3 billion Brazilian real, or 81.6% of the total transaction volume, followed by USDC (838 million Brazilian real) and Brazilian real stablecoin BRZ (641 million Brazilian real). 

  • The National Blockchain Industry Industry-Education Integration Community was established in Xiongan New Area

    National Blockchain Industry Production-Education Integration Community Establishment Conference was held in Xiong'an New Area on September 27. The National Blockchain Industry Production-Education Integration Community is jointly formed by Xiong'an Guochuang Center Technology Co., Ltd., Southwest University of Finance and Economics, Hebei Software Vocational and Technical College, and other units under the guidance of the Vocational and Adult Education Department of the Ministry of Education, the Education and Examination Center of the Ministry of Industry and Information Technology, and the China Association of Small and Medium Enterprises, together with relevant industry associations, enterprises, undergraduate colleges, vocational colleges, scientific research institutes and other units. The establishment of the National Blockchain Industry Production-Education Integration Community aims to gather high-quality production-education resources and establish a new type of production-education integration organization to support the development of the blockchain industry, promote industrial development and talent cultivation, effectively promote the deep integration of industry and education, improve the quality of talent cultivation, better meet the development needs of the blockchain industry, and effectively promote economic and social development.

  • Slope, a Fintech Startup Backed by the Founder of Worldcoin, Completed $30 Million in Financing

    Slope, a financial technology startup supported by Worldcoin founder Sam Altman, announced the completion of a $30 million financing round, with participation from Y Combinator, monashees, and a group of angel investors in the financial technology field. It is reported that Sam Altman and Union Square Ventures jointly led Slope's previous $24 million Series A financing round. So far, the company's total financing amount has reached $187 million.