What is Privasea?
Developed by a fully remote global team, Privasea is creating a way for web3 and AI to work harmoniously.
Through the ImHuman app, Privasea requires users to prove their humanity by scanning biometric data to mint unique NFTs – more than 200,000 people have done so to date. Privasea then uses this encrypted data to train the machine learning systems used by the AI network, rewarding contributors with cryptocurrency and NFT airdrops while ensuring their data remains encrypted and secure.
With support from Binance and OKX, and following a strategic funding round led by OKX Ventures earlier this year, Privasea launched the WorkHeart node and StarFuel NFT on July 10 to support its growing ecosystem.
Source: PrivaseaWhat is the WorkHeart node?
WorkHeart nodes are physical USB devices provided by Privasea.
The devices, priced at 0.2 ETH, serve as proof-of-work nodes for the Privasea network and are the backbone of its DePIN architecture.
By operating WorkHeart nodes, users can collect reward emissions. These come in the form of fungible Privasea tokens, which can then be staked into StarFuel NFTs to increase the multiplier on their reward emissions.
The greater the demand for Privasea, the more WorkHeart nodes are required to run the network, and the greater the incentives provided to operators of these nodes.
What is StarFuel NFT?
StarFuel is a 5,000-piece NFT collection originally offered by Privasea on July 10.
In addition to being able to increase the amount of reward emissions collected by WorkHeart node operators, StarFuel NFT holders will also receive a variety of additional benefits, including inclusion in future airdrop events, early participation in future developments, and access to exclusive rewards and discounts.
Those who own both WorkHeart nodes and StarFuel NFTs have the ability to produce testnet tokens for the Privasea ecosystem, meaning these tokens will later be converted into mainnet rewards.
Source: PrivaseaWhy do you need Privasea?
With the emergence of artificial intelligence in recent years and major concerns over data privacy, Privasea’s AI DePIN network provides a solution for artificial intelligence networks that can be trained without compromising data privacy or data security Valuable data.
By performing encrypted machine learning inference, and by using secret data sets to enhance privacy and security, Privasea is able to gain valuable insights from the encrypted data instead of the original data, thereby reducing risk and facilitating communication between parties. collaboration and knowledge sharing.
This has broad applications across multiple industries, including secure sharing and use of financial, healthcare and biometric data for machine learning purposes, as well as analysis of encrypted sets of these data.
Privasea is currently evaluating their system through a testnet. Through a privacy and security-first approach, Privasea ensures that its ecosystem is secure and user-friendly, while ensuring that users retain full control and confidentiality of their data.
Through the combination of proof-of-work and proof-of-stake protocols, smart contracts, and tokens, Privasea hopes to manage gas fees and staking methods in a sustainable manner that is both safe, efficient, and easily scalable.
