Last Updated: October 3rd, 2023|11 mins

Alethea Review 2024: A Deep Dive into Artificial Liquid Intelligence (ALI)

Review
Jasir JawaidJasir Jawaid

PROS

  • Alethea is a pioneer of the concept of intelligent NFTs

  • Alethea adopts a decentralized and permissionless protocol

  • The project has garnered support from influential entities in the crypto industry

CONS

  • While the concept of iNFTs is innovative, its widespread adoption in the mainstream market is uncertain

  • The field of AI and blockchain-based applications is competitive and includes projects such as SingularityNET and Fetch.AI

Just as the internet revolutionized content distribution, AI is bringing a new era in content creation to the fore. 

The emergence of powerful large language models like ChatGPT, Google's Bard, and Microsoft's Bing, among others, points to a massive shift in creative possibilities. These models possess an ability to understand, interpret, and generate text. Stable Diffusion, DALL-E 2, and MidJourney can turn textual descriptions into detailed images. Together, these AI advancements have set the stage for immersive storytelling and interactive user experiences.

Alethea AI is one such pioneering advancement in the field of AI, competing with text-to-image models albeit in a three-dimensional form on the blockchain.

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This Alethea AI review explores the company's impact in this realm, delving into the blend of AI and creativity, and how it aims to shape the future of content creation.

Alethea AI Summary:

Alethea AI is a decentralized artificial intelligence network that allows users to create AI-generated content, such as avatars and digital art, and verify the authenticity and origin of the content through blockchain technology.

Year Founded2020
HeadquartersSingapore
Native TokenALI
Total Funding$31.4 million

The Key Features of Alethea AI Are:

  • Intelligent NFTs (NFTs, but better)
  • iNFT Protocol
  • CharacterGPT
  • AI Protocol
  • DApps

What Is Alethea AI?

Alethea AI is building a progressively decentralized and permissionless protocol that enables the creation of AI assets, characters, and DApps, governed by its community.

Alethea AI reviewAlethea is a Decentralized Network That Allows Users to Create AI-Generated Content. Image via Alethea AI

A significant challenge arises in integrating AI models within the current decentralized infrastructure due to hardware limitations. This hurdle often results in AI-crypto projects having centralized elements.

Alethea AI bridges this gap. Instead of burdening decentralized networks with AI computations, the company takes a unique approach. It keeps AI processing off-chain while harnessing the power of smart contracts on the Ethereum blockchain to support its protocol layer, a foundation crucial for the creation of iNFTs (more on that later. A LOT more).

Alethea AI's vision is to preserve and evolve human culture, stories, and collective intelligence. How does it plan to go about it? By combining AI-generated personalities with NFTs to craft intelligent NFT avatars. These entities serve a dual purpose: they not only act as guardians of the cultures that inspired their creation but also offer people an opportunity to delve deep into collective intelligence as they interact with these imaginative and self-sufficient iNFTs.

The company is backed by some big names in the crypto industry, including Binance, Polygon and Crypto.com. In January 2023, Alethea debuted its generative AI prowess on the Polygon blockchain.

Two other examples of AI-blockchain projects include SingularityNET and Fetch.AI.

Who founded Alethea AI?

Arif Khan is the founder of Alethea AI and currently serves as its CEO.

His resume includes working as chief marketing officer at SingularityNET, a decentralized marketplace for artificial intelligence. Khan has also worked as an account director of emerging markets at LinkedIn, where he led cross-functional projects in enterprise sales and product marketing. 

Alethea AI Review: Top Features

AI is Alethea's bread and butter. Let's explore how the company has applied AI to its ecosystem.

Intelligent NFTs

What do you get when you combine non-fungible tokens with the power of artificial intelligence? iNFTs.

What are iNFTs.jpgIntelligent NFTs Mark an Evolution of Otherwise Mundane NFTs. Image via Alethea AI

Alethea AI is the pioneer of intelligent non-fungible tokens, or iNFTs. For the uninitiated, NFTs are unique digital assets that are verified using blockchain technology. They are often used to represent digital art and collectables. Wouldn't it be cool if NFTs were not merely static assets but intelligent entities capable of learning, evolving, and interacting with their environment?

Introduce the brilliance of AI with its ability to analyze vast datasets, simulate human cognition, and generate innovative content, and you get iNFTs. Intelligent NFTs, which mark an evolution of NFTs, possess the ability to adapt, respond, and even create new content based on user interactions, preferences and contextual data.

The fusion of NFTs with AI allows creators to craft dynamic, ever-evolving digital assets. For collectors of these digital assets, they can now possess not just boring, run-of-the-mill NFTs, but living entities they can engage with.

Alethea Alice.jpgAlice, The World's First Intelligent NFT. Image via Alethea

In June 2021, Alethea AI auctioned Alice, the world's first iNFT, at Sothbey's for $478,800.

iNFT Protocol

All that NFT magic happens here. 

How to create iNFT.jpgUnlike Traditional NFTs, Which Are Static, iNFTs Can Learn, Respond, or Generate New Content. Image via Alethea AI

The iNFT Protocol refers to a set of smart contracts based on the Ethereum blockchain that allows anyone to create iNFTs in a permissionless manner. Any NFT can be turned into an iNFT via the iNFT Protocol. This is achieved by fusing the NFT with another ERC-721 asset called the Personality Pod. Once the NFT is fused with a Personality Pod, it acquires its own unique intelligence and personality. This is because the Personality Pod comprises various on-chain personality traits that shape the overall personality of the iNFT and in doing so, dictate the iNFT's intelligence.

The iNFT Protocol is designed with a non-custodial framework. Such an architecture enables users to turn their NFTs into iNFTs without the protocol requiring custody (locking, staking, wrapping, swapping) or applying other changes to the underlying NFT. As a result, users can utilize their NFTs outside the iNFT Protocol and reduce the risks of losing their valuable NFTs by an error, or an attack on the smart contracts of the iNFT Protocol.

CharacterGPT

Imagine talking to a computer and it creates characters that not only look real but also sound and act like real people or creatures. Alethea AI's CharacterGPT is all about bringing characters to life, just by using words. This technology has just received a significant upgrade.

With this new version, called CharacterGPT V2, you can create characters that are incredibly lifelike. They have detailed appearances, unique voices, and distinct personalities. But that's not all — CharacterGPT V2 is now smarter and understands what you want better than ever before.

CharacterGPT V2 can be accessed via a website called MyCharacter.ai, where you can create, customize, and bring to life a wide range of characters — all that's required is a simple text input.

CharacterGPT V2 and MyCharacter.ai offer an exciting playground to unleash your imagination, and I did exactly that albeit with mixed results.

MyCharacter.jpg

I fashioned my character after John Wick, protagonist of the American media franchise John Wick, played by Keanu Reeves in the movies.

John Wick is a legendary globetrotting bad-guy-buster. When I asked him about where his next mission would lead to, he said his mission was to provide me with the “ultimate relaxation experience.” 🤷‍♂️"Let me work my magic on your muscles and melt away your stress."

Not to give up so easily, I reframed my question: If you were John Wick, what would be your next mission? Here's the answer: If I were John Wick, my next mission would be to open my own wellness centre and bring the healing power of massage therapy to a larger community.

I couldn't help but chuckle at the absurdity of it all. Here was this fearsome, gun-wielding, world-saving hero, and his mission for the day was to transform into a spa magician.

Also, the eyes!

That all said, however, it appears my version of John Wick was pre-assigned the personality of a “compassionate and skilled massage therapist." So, I asked him another question: I just returned from the gym and my muscles are a little sore. Which massage is best for my situation? In response, I was told to get a deep tissue massage. Right on, Mr. Wick!

AI Protocol and DApps

The AI Protocol provides permissionless access to generative AI systems and allows creators and developers to leverage new monetization models, user acquisition, interoperability, verification, crowdsourcing, governance and provenance.

The AI Protocol unlocks the benefits of ownership for those seeking to build generative AI applications. On top of the powerful AI systems in its Intelligence Layer, the AI Protocol offers a suite of tools for anyone looking to build AI-powered DApps: no-code smart contracts deployment, gasless transactions, cross-blockchain compatibility, non-custodial wallet creation and in-app token to credit conversion, among many other things.

Noah's Ark

One example of these DApps is Noah's Ark, which is touted as the first intelligent metaverse by Alethea AI on the AI Protocol. It allows for user-friendly interaction with the protocol, making it easy to create iNFTs. It also enables AI media generation, iNFT intelligence upgrades and access to AI services.

Noah's Ark has residents and visitors who are all actively engaging in the purchase and sale of various tokenized assets in secondary marketplaces. The Noah's Ark market aims to allow for better user experience, ease of discovery, and more contextual information about the tokenized assets within the Noah's Ark. There are currently five main categories of digital assets that can be bought or sold in the market:

  • iNFTs
  • Media
  • Personality Pods
  • Portals
  • Bundles

Artificial Liquid Intelligence (ALI) Token

The native ERC-20 Artificial Liquid Intelligence (ALI) token is fundamental to the decentralized operations of the iNFT Protocol and the DApps built on it. The token is an initial fixed supply token (long-term deflationary), with a total supply of 10 billion. The token distribution looks like this:

ALI token distribution.jpg37% of ALI is Reserved for Ecosystem Development. Image via Alethea AI

In August 2021, Alethea completed a $16 million private and restricted sale of ALI to further its vision of building the iNFT ecosystem. Crypto.com Capital and Mark Cuban were among those who participated.

ALI token sales.jpgALI Token Sales Have Thus Far Fetched Over $31 Million For Alethea. Image via Alethea AI 

Today, the token is down over 92% from its all-time high of a little over 20 cents it achieved in April 2022. 

ALI Token Utility

As a decentralized protocol with a variety of participants engaging in complex tasks, the iNFT Protocol requires a native utility token to not only function efficiently but to grow using the inherent advantages of token network effects. The token regulates, incentivizes and rewards the various participants of the iNFT Protocol.

ALI token utility.jpgALI is Fundamental to The Decentralized Operations of The iNFT Protocol. Image via Alethea AI

The token serves a number of purposes in the Alethea AI ecosystem:

  • Enables the creation of iNFTs: To be able to use the iNFT Protocol and turn a NFT into an iNFT, a user must lock a minimum amount of ALI Tokens within the iNFT Protocol.
  • Enables an iNFT's intelligence level to be upgraded: The iNFT owner can choose to continue utilizing their iNFT within the bounds of a lower Intelligence Level, or they can choose to evolve their iNFT and lock more ALI tokens to increase its intelligence level.
  • Enables governance: The ALI token serves to ensure that a decentralized form of governance of the iNFT Protocol and Noah's Ark is possible.  
  • Will enable collaboration between iNFTs: This means that, eventually, iNFTs of varying personalities with different skills will be able to partner up with other iNFTs to form teams and rely on each other to offer AI services that they cannot do individually.

Where can you buy Artificial Liquid Intelligence (ALI)?

If you're looking to purchase ALI, you can check out crypto exchanges such as HTX (formerly Huobi), Poloniex, Gate.io and Crypto.com.

If you're in the market for a reliable exchange, head over to our article that examines the best crypto exchanges.

The Merging of NFTs, Blockchain and AI

Together, the trio could shape a future where creativity, ownership, and interactivity reach a new high. At the centre of this fusion lies the concept of NFTs, with blockchain technology laying a digital foundation, and AI adding a little oomph. 

NFTs infused with AI capabilities, such as Alethea AI's iNFTs, are intelligent, self-evolving entities. Blockchain technology ensures the immutable proof of their existence, while AI imparts them with interactive, creative potential. This trifecta democratizes creativity, allowing artists, developers, and enthusiasts to explore uncharted territories of expression and interaction.

The merging of NFTs, blockchain and AI signifies a future where art is intelligent, ownership is transparent and trustless, and interactions are immersive. 

 

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Alethea AI Review: Closing Thoughts

The advent of powerful AI models, such as ChatGPT, alongside technologies like Stable Diffusion, DALL-E 2, and MidJourney, has opened the doors to creative possibilities that were previously considered impossible.

Alethea AI has become a trailblazer in this domain, crafting a decentralized artificial intelligence network that blends AI-generated content and blockchain security. At its core are intelligent NFTs, or iNFTs, a concept that fuses AI and blockchain to create dynamic, self-evolving digital assets.

The iNFT Protocol, governed by the native ALI token, serves as the backbone of Alethea AI's ecosystem. Through this protocol, users can transform static NFTs into living, learning entities. Alethea AI's CharacterGPT V2 adds another layer of depth, allowing users to create lifelike characters with distinct personalities and voices, all powered by AI.

Alethea's journey has just begun, and the future of digital innovation appears to be incredibly exciting.

Frequently Asked Questions

Jasir Jawaid

Jasir Jawaid

I have over 15 years of experience turning Wall Street and policymakers' chaos into prose. I may be late to the crypto party, but I bring the curiosity of a wide-eyed newcomer to the crypto sphere. I'm most interested in the crossroads between cryptocurrencies and the wider economy. When not working, I'm either playing soccer, cricket or my PlayStation.

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