What is Privasea?
Privasea was developed by a team that is located in a remote location. This allows web3 to be used with AI. work Harmony is a good thing
Through their ImHuman app, Privasea asks users to prove their humanity by scanning their biometric data to mint a unique NFT – with over 200,000 individuals doing so to date. Privasea will then use the encrypted data in order to train machine learning algorithms used by AI network, and reward contributors via crypto airdrops and NFTs while ensuring that their data remains secure and encrypted.
Backed by Binance and OKX, and following a recent $5M USD raise – on top of a strategic round led by OKX Ventures earlier this year – Privasea launched their WorkHeart nodes and StarFuel NFTs on July 10 Their growing ecosystem.
WorkHeart Nodes are what?
WorkHeart nodes Privasea offers physical USB drives.
These devices are priced at just 0.2 ETH. proof-of-work Nodes that form the backbone for the Privasea DePIN network.
WorkHeart emits reward emissions when users operate the node. 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 more demand there is for Privasea, the more WorkHeart nodes will be required to run the network – and the more rewards will be on offer for those node operators.
What are StarFuel nFTs?
StarFuel Privasea first offered a 5,000 piece NFT collection on 10 July.
StarFuel NFT holders receive many additional benefits. They can participate in future campaigns and airdrops, have early access to new developments, as well as access exclusive rewards and discounts.
Some people are more prone to apathy than others own WorkHeart and StarFuel NFTs can both produce tokens on the testnet for the Privasea Ecosystem. These will then be transformed into rewards in the mainnet at a future date.
What is the need for Privasea?
With the advent of AI in recent years – and with it major concerns about data privacy – Privasea’s AI DePIN network offers a solution for AI networks to train on value-rich data without compromising data privacy or data security.
Privasea enables the analysis of encrypted data rather than just raw data. This reduces risk, promotes collaboration, and allows for knowledge sharing between all parties.
The safe exchange and use of data is one of the many uses of this technology. financial Data, such as healthcare data and biometrics, can be used for machine-learning purposes.
Privasea is currently evaluating its systems via their testnet. Privasea is ensuring their ecosystem’s security and usability by putting privacy and cybersecurity first.
Privasea uses a mix of Proof-of Work and Proof-of Stake protocols as well as smart contracts and tokens in order to efficiently and securely manage gas costs and staking.
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Source: nftplazas.com