Blockchain technology and artificial intelligence technology are the two most disruptive and forward-looking technologies today, and they represent the two major technological waves of Web3 and AI respectively. Web3, also known as the distributed web, is the next generation of the Internet that will allow users to more directly control and manage their data and digital assets. AI, also known as artificial intelligence, is a branch of computer science that will enable machines to simulate and surpass human intelligence.

The integration and innovation between blockchain technology and artificial intelligence technology has attracted more and more attention and investment, and a number of Web3+AI projects have been born, which use blockchain technology and artificial intelligence technology to build the infrastructure and applications of Web3 ecology , covering data, identity, computing, machine learning, and more. These projects not only demonstrate the possibility and potential of Web3+AI, but also herald the future and trends of Web3+AI.

Product positioning and financing of Web3+AI projects

According to the published information, examples of Web3+AI projects that have received investment include Spice AI, Ocean Protocol, SingularityNET, Fetch.ai, etc. These projects use blockchain technology and artificial intelligence technology to build the infrastructure and applications of the Web3 ecosystem, covering data, identity, computing, machine learning and other aspects. Specifically:

Spice AI: Spice AI is a platform that provides developers with data-driven applications. It enables developers to access Web3 data through SQL, while using machine learning and time series data to provide intelligent analysis and prediction. Spice AI received $13 million in seed round financing in September 2022, led by Madrona, with participation from Blackbird Ventures and Basis Set Ventures.

Ocean Protocol: Ocean Protocol is a decentralized data trading and sharing platform, which enables data owners and consumers to conduct safe, transparent and fair data transactions through blockchain and smart contracts. Ocean Protocol received a strategic round of financing of US$23 million in May 2021, led by a16z, with participation from Framework Ventures and Blockchange Ventures.

SingularityNET: SingularityNET is a decentralized AI network and marketplace that enables anyone to create, share, and sell AI services, while leveraging blockchain and tokens to incentivize collaboration and innovation. SingularityNET raised $36 million through ICO in December 2017, raised $36 million through private placement in April 2018, and launched an AI-based DeFi fund in cooperation with Ocean Protocol in May 2021.

Fetch.ai: Fetch.ai is a decentralized machine learning network that enables Autonomous Economic Agents (AEAs) to collaborate and transact in an open economy. Fetch.ai raised $6 million through ICO in February 2019, raised $4 million through private placement in March 2021, and raised $40 million through public placement in March 2021.

Venture capital institutions' investment positioning for Web3+AI projects

According to the published information, some well-known investment institutions and funds, such as a16z, Framework Ventures, Basis Set Ventures, etc., are actively investing in Web3+AI projects, showing their confidence and expectations in this field. The investment positioning of these investment institutions for Web3+AI projects may have the following points:

The Web3+AI project is the integration and innovation of blockchain technology and artificial intelligence technology. They can provide more open, transparent, collaborative, and intelligent infrastructure and applications for the Web3 ecosystem, thereby promoting the development and popularization of Web3.

· Web3+AI projects are the future trend and direction. They can solve some key issues and challenges in the Web3 ecosystem, such as data ownership, privacy and security, computing efficiency and performance, application user experience and data value, etc.

· Web3+AI projects are long-term investments. They need more innovation and experimentation to explore the possibility and potential of Web3+AI, and more education and promotion to improve the awareness and acceptance of Web3+AI. Patience and foresight are therefore required.

In which directions will the Web3+AI project make breakthroughs?

According to the published information, the Web3+AI project may make breakthroughs in the following directions:

Data: Data is at the heart of Web3 and AI, and the bridge between them. Web3+AI projects can use blockchain technology to protect data ownership, privacy and security, while using artificial intelligence technology to extract data value and insight. For example, Ocean Protocol is a platform dedicated to realizing data transactions and sharing. It enables data owners and consumers to conduct secure, transparent and fair data transactions through blockchain and smart contracts, while using artificial intelligence technology to provide data Analysis and Forecasting.

Computing: Computing is the driver of Web3 and AI, and the catalyst between them. The Web3+AI project can use blockchain technology to realize decentralized computing resource sharing and allocation, while using artificial intelligence technology to optimize computing efficiency and performance. For example, SingularityNET is a platform dedicated to enabling a decentralized AI network and marketplace that enables anyone to create, share, and sell AI services, while leveraging blockchain and tokens to incentivize collaboration and innovation.

Application: Application is the manifestation of Web3 and AI, and also the result between them. The Web3+AI project can use blockchain technology to build an open, transparent, and collaborative application ecosystem, while using artificial intelligence technology to improve the intelligence and user experience of applications. For example, Fetch.ai is a platform dedicated to realizing a decentralized machine learning network that enables autonomous economic agents (AEA) to collaborate and transact in an open economy, thereby supporting various application scenarios such as transportation, supply chain , Finance, etc.

When will the Web3+AI track and outlet be formed?

The Web3+AI track and outlet not only depend on technological development, but also depend on various factors such as market demand, social recognition, policy support, etc. We can analyze and judge from the following aspects:

Technology maturity: Web3+AI track and outlets need to have sufficient technical foundation and support, including the performance, security, interoperability, etc. of blockchain technology, as well as the accuracy, explainability, and credibility of artificial intelligence technology sex etc. At present, these technologies are still being developed and improved, and more innovations and experiments are needed to verify and optimize them. Therefore, technological maturity may be an important prerequisite and condition for the formation of the Web3+AI track and outlet.

Market demand: Web3+AI track and outlets need to have sufficient market demand and potential, including users' demand for data control, privacy and security, and demand for intelligent applications. At present, these needs are gradually growing and emerging, especially in some fields, such as finance, games, social networking, etc. Therefore, market demand may be an important driving force and impetus for the formation of the Web3+AI track and outlet.

Social recognition: Web3+AI tracks and outlets need sufficient social recognition and support, including users' trust, participation and contribution to the Web3+AI project, as well as recognition, understanding and promotion of the Web3+AI concept. At present, these recognitions are still being established and improved, especially in some communities, such as developers, investors, entrepreneurs, etc. Therefore, social recognition may be an important factor and influence in the formation of the Web3+AI track and outlet.

Policy support: Web3+AI tracks and outlets need to have sufficient policy support and guarantee, including the supervision, support and guidance of Web3+AI projects, as well as norms, standards and laws in the field of Web3+AI. At present, these supports are still being explored and formulated, especially in some countries or regions, such as the European Union, the United States, and China. Therefore, policy support may be an important guarantee and condition for the formation of the Web3+AI track and outlet.

To sum up, it can be seen that the Web3+AI track and outlet still need a certain amount of time and conditions to form. It may not appear in the short term, but it will not be too far away. We can pay attention and judge from the following aspects:

Technological breakthroughs: When blockchain technology and artificial intelligence technology can achieve some major technological breakthroughs, such as increasing transaction speed, reducing costs, increasing privacy protection, improving intelligence, etc., then the Web3+AI track and outlet may appear.

Market explosion: When the market's demand and potential for Web3+AI projects reach a critical point, such as some successful cases, applications or platforms, then Web3+AI tracks and outlets may appear.

Social consensus: When the society reaches a consensus on the recognition and support of the Web3+AI project, such as forming some common values, ideas or goals, then the Web3+AI track and outlet may appear.

Policy guidance: When the policy supports and guarantees the Web3+AI project to a certain extent, such as formulating some favorable rules, standards or laws, then the Web3+AI track and outlet may appear.

In short, the Web3+AI track and outlet is a field full of opportunities and challenges. It requires the integration and innovation of blockchain technology and artificial intelligence technology, as well as the coordination and cooperation of various factors such as market demand, social recognition, and policy support. promote. We are looking forward to the arrival of the Web3+AI track and outlet, as well as the development and contribution of the Web3+AI project.