Abstract
Effect.ai (Effect Network) is a blockchain-based decentralized network that aims to provide accessible and scalable artificial intelligence (AI) services. It is designed to connect people, businesses, and organizations with AI technology in an open and decentralized manner.
Key Features of Effect.ai:
1. Decentralized AI Marketplace:
- Effect.ai offers a platform where AI algorithms and services can be bought and sold without intermediaries.
- Users can access AI solutions or offer their own AI models for use.
2. Human-Powered Tasks (Effect Force):
- The platform includes a decentralized workforce for microtasks. It connects businesses needing human input (e.g., data labeling, transcription) with workers globally.
3. Interoperability and Scalability:
- Built on blockchain technology, Effect.ai ensures transparency, security, and scalability for AI services.
- Initially launched on the NEO blockchain, it later transitioned to Binance Smart Chain for enhanced efficiency.
4. Token Economy:
- The platform uses the $EFFECT token for transactions and incentivizing participants.
- $EFFECT tokens are used to pay workers, purchase AI services, and power the network's ecosystem.
5. Mission:
- Effect.ai seeks to democratize AI by removing barriers to entry, providing fair opportunities to workers globally, and decentralizing access to AI resources.