KIP Protocol Partners with SFT Labs to Empower AI Value Creators with Digital Property Rights
We are excited to announce a partnership between KIP Protocol and SFT Labs, ushering in a new era of decentralized AI asset ownership. This strategic alliance will enable KIP Protocol users to gain ownership over their models, apps, and data through ERC-3525 standard Semi-Fungible Tokens (SFTs).
By bringing AI technology into the decentralized ecosystem, KIP Protocol aims to enable the establishment of AI digital property rights by placing control of Knowledge Assets – models, apps and data – firmly in the hands of the creators.
Adoption of the ERC-3525 Standard
KIP Protocol’s adoption of the ERC-3525 standard reflects a forward-looking approach to decentralized AI, marking the first instance of such a standard being applied to AI assets. Originally designed to facilitate the financialization of assets, the ERC-3525 standard is now being piloted by multiple central banks, including the Reserve Bank of Australia, in important projects.
By embracing ERC-3525, KIP Protocol future-proofs its platform, ensuring compatibility with emerging trends and laying the groundwork for seamless, secure and transparent transactions within the decentralized AI ecosystem.
This collaboration extends the application of the ERC-3525 standard beyond traditional finance, showcasing its versatility and potential impact across various sectors. And now, we are bringing this novel solution to the decentralized AI ecosystem.
SFTs: The Key to Decentralized Knowledge Asset Exchange
The integration of SFTs with decentralized Knowledge Assets marks a significant transformation in AI asset ownership and exchange. Each Knowledge Asset will be represented by a unique SFT, certifying the owner’s rights via the KIP Protocol and allowing token-gated access and revenue sharing.
This allows users on KIP Protocol to own and trade Knowledge Assets:
- Ownership Through SFTs: Each Knowledge Asset is tied to a unique SFT, proving ownership and safeguarding the information contained within.
- Monetization: Owners manage access and earn revenue through their SFTs, ensuring that earnings are accurately credited in real-time.
- Trading: Asset owners can split their SFTs to share revenue with backers, investors, or project participants, as well as sell or lease their SFTs.
Leveraging the ERC-3525 standard, KIP Protocol adopts a transformative approach to Knowledge Asset ownership, fostering inclusivity and accessibility for all AI participants.
“This partnership marks a pivotal moment in the quest for digital property rights within the AI landscape. With SFTs, we’re placing easy monetization channels within reach of even the smallest creators. We believe this solution will play a huge role in the advancement of decentralized AI,” stated Julian Peh, CEO and Co-Founder of KIP Protocol.
“The ERC-3525 standard – which allows owners to flip between features of ERC-20 and ERC-721 tokens – will allow us to turn creators’ hard work into valuable Knowledge Assets, manage income from access to these assets, and allow fractionalized trading within a high-liquidity market. We’re pioneering a new framework for AI asset ownership and exchange, with SFTs as the crucial missing link in the current decentralized AI ecosystem” shared Dr. Jennifer Dodgson, Chief AI Officer & Co-Founder of KIP Protocol.
“I’m incredibly excited about our collaboration with KIP Protocol – the first-ever AI implementation of the ERC-3525 standard. I believe the Web3 x AI sector is set to grow exponentially, with SFTs playing a key role in the decentralization of AI. This partnership reflects our shared vision of empowering asset owners with greater control over their digital properties and contributions,” expressed Yan Meng, Co-Founder of SFT Labs.
Building the Future of Decentralized AI
The partnership with SFT Labs underscores our dedication to establishing digital property rights for all AI participants, enabling them to transact and monetize in a brand-new decentralized AI ecosystem.
Stay tuned for more updates as we continue to pioneer advancements in the decentralized AI domain and reshape the future of Knowledge Asset ownership in the Web3 era.
