LayerAI (LAI): Data Monetization With ZK-Rollup Technology

The soaring interest in artificial intelligence (AI) technology has led to some intriguing developments in the crypto community. One of the latest projects looking to profit off of AI models is LayerAI, whose system hopes to explore some of the many applications of AI. In addition to offering data monetization options to users, LayerAI also plans to offer a broad range of other private ZK-rollup, VPN and decentralized exchange (DEX) services. What is Layer AI's mission, and how does its ecosystem run? Explore this guide to find out the answers to these questions and more.

Key Takeaways:

• LayerAI is a blockchain network that focuses on AI models and web3 services.Its ecosystem contains multiple components, including a scaling system, a VPN, a DEX, an NFT marketplace and a data monetization app.

• Looking to trade LayerAI tokens? Bybit now offers the LAI/USDT Spot trading pair. 

What Is LayerAI?

LayerAI is a blockchain network that focuses on AI models and web3 services. The ecosystem contains multiple components, including a scaling system, a VPN, a DEX, an NFT marketplace and a data monetization app.

History of LayerAI

LayerAI isa rebrand of a previous crypto project called CryptoGPT, which was run by Jamila Jelani. Little is known about this initial founder of the system, who is no longer a part of the LayerAI team. LayerAI's official founder is currently listed as Dejan Erja, a full-stack developer who has worked on various crypto projects since 2021. He’s joined by other developers and marketers who have an interest in blockchain technology. Inspired by the growing fascination with AI, they decided to create a global data marketplace powered by AI and crypto technology.

What Does LayerAI Aim to Achieve?

LayerAI's primary mission is to create a system for supporting the data economy. The LayerAI team believes that data is an emerging asset class that's being overlooked. There’s vast data collected during everyday electronic usage, and companies are extremely interested in purchasing behavioral data to assist with their marketing and product development. LayerAI aims to create robust cloud computing services that can handle the vast data collected, and reward users for contributing data to the LayerAI economy app.

In addition to promoting the data economy, LayerAI is also interested in a variety of other tools that can incorporate AI models. Its team hopes that their excellent data compression techniques can also prove valuable for other types of in-demand crypto applications. To achieve this goal, they've created a LayerAI ecosystem that explores many different services, such as private ZK-rollup technology and VPNs.

How Does LayerAI Work?

LayerAI functions as a Layer 2 Ethereum blockchain. This means that it has a network that runs parallel to Ethereum. LayerAI uses Ethereum's processing powers to provide a secure, reliable framework for its robust cloud computing services, but LayerAI also has its own software and protocols that process data in new and unique ways. Its Layer 2 technology allows LayerAI to do some unique things, such as set up a system for publishing data on-chain and use zero-knowledge proofs to provide excellent data compression techniques.

LayerAI is built with Polygon's Chain Development Kit (CDK). This modular software toolkit provides a helpful way to manage the company's back-end infrastructure and data capsules. It ensures all of LayerAI's designs have EVM compatibility, but the CDK also offers them the flexibility to set their own gas fees and maintain self-sovereignty. 

Features of LayerAI

LayerAI's global data market involves a broad range of features that take advantage of their compressed transaction data. The following are the main ways that data miners can interact with the LayerAI ecosystem and turn behavioral data into a valuable asset.

AI2Earn

The AI2Earn program consists of a VPN with rewards for users. People browse the internet through LayerVPN, which collects and packages their information into data capsules. LayerAI then monetizes this data and passes on rewards to each user who provides the network with a valuable asset in the form of their collected data. The advanced data assets system weights rewards based on a user's level of participation.

Data Capsule NFT

The Data Capsule non-fungible token (NFT) can store activity data. Users retain control over their data, and can choose to sell it to whichever companies within the LayerAI system that they prefer.

Staking

Staking allows users to collect the Data Capsule NFTs they need in order to earn a more substantial digital asset reward. It also helps to validate and secure the LayerAI network.

Marketplace

LayerAI hopes to create a global data marketplace where data is treated as an emerging asset class. People who use LayerAI services, such as their zero-knowledge proofs and compressed transaction data, can then choose to monetize this data on the marketplace. 

LayerAI Road Map

Since launching its network, LayerAI has shifted its focus to its ecosystem. There aren't any plans to upgrade the underlying LayerAI system or update the data economy app in the near future. Instead, the platform is looking for more products to add to its network. 

In terms of future plans, LayerAI seems to be pivoting away from its focus on the global data market and instead embracing other industry trends. According to LayerAI’s road map, its next goal is to tackle web3 gaming. The hope is to eventually design an animation studio and use AI models to create 2D and 3D games built on the blockchain. 

LayerAI Tokens

The LayerAI ecosystem uses several different types of tokens to handle all of their advanced data assets. 

LAI Token

LAI is a multi-value gas token. People can use it to pay for fees, and can also stake it to help validate the network. The LAI token also provides liquidity for the network so that data miners can process things more efficiently.

DATUM Token

The DATUM token is a reward token for people with Data Capsule NFTs. People who contribute data by using LayerVPN and have “equipped” Data Capsule NFTs earn DATUM, which they can exchange for other valuable tokens. The DATUM token is primarily earned through LayerAI's data economy app.

LAI Tokenomics

LAI is an ERC-20 token with a maximum supply of 3 billion. LayerAI is distributing these tokens according to the following plan:

• Treasury: 25%

• Liquidity, staking and MM: 20%

• Public and backers: 20%

• Team: 16%

• Development reserve: 10%

• Partners and advisors: 6%

• Marketing: 3%

LAI Price Prediction

LAI has seen a lot of price movement since it was released as "GPT" in 2023, going as high as $0.14 and as low as $0.006. In March 2024, LAI had a particularly notable jump in price after news of the network’s rebranding from CryptoGPT to LayerAI, which may have led to many users’ bullish outlook on LAI. Pricing data analysis from CoinCodex suggests that this renewed interest may lead to further price leaps for LAI, which may even reach $0.13, close to its ATH, by the end of 2025 and $0.17 by 2029.

DigitalCoinPrice is as positive as CoinCodex, with its analysts predicting LAI price will reach $0.07 by the end of 2025 and $0.16 by 2029.

Where to Buy LAI

Looking to trade LayerAI tokens? Bybit now offers the LAI/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the LAI/USDT Spot trading page. Since its rebranding, LayerAI has been working to get its LAI token listed on major exchanges. One of the easiest ways to purchase it is through Bybit.

Is LAI a Good Investment?

LayerAI is emerging as an intriguing project, particularly due to its focus on AI and web3 gaming — a combination that’s gaining a lot of attention in the tech world. While the token shows potential and is experiencing some upward trends, it's important to recognize that its ecosystem's performance can be variable. 

Investing in LayerAI could offer significant returns, but it comes with inherent risks. The value of the LAI token isn’t yet stable, and could be subject to substantial fluctuation. Interested investors should approach LayerAI with cautious optimism, and are strongly advised to conduct thorough research and consider market conditions meticulously before making any investment decisions.

Closing Thoughts

While LayerAI has yet to prove it can offer substantial digital asset services, its idea of publishing data on-chain and compensating users for their behavioral data with the LayerAI economy app has captured the attention of many investors. In addition, the impressive growth of LAI has helped make it a token worth watching.

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