Exploring Decentralized AI, Ethereum ETPs, and Legal Defense for Crypto Creators

The
intersection
of
artificial
intelligence
(AI)
and





cryptocurrency
is
becoming
increasingly
relevant,
with
experts
discussing
how
these
technologies
can
mutually
benefit
each
other.
According
to
a16z
crypto,
the
deployment
of
larger
computational
power
for
AI
training
gives
big
tech
companies
an
advantage
over
startups.
To
level
the
playing
field,
startups
need
affordable
access
to
large-scale
computing
power.
The
co-founders
of
Gensyn
emphasized
the
importance
of
building
a
decentralized,
permissionless
machine
learning
protocol
that
can
train
AI
models
on
virtually
any
compute
device
globally.

AI
x
Crypto:
Centralization
vs.
Decentralization

This
week,
the
web3
with
a16z
podcast
revisited
the
AI
x
crypto
theme,
exploring
the
tension
between
centralization
and
decentralization.
The
discussion
ranged
from
deepfakes
and
bots
to
the
need
for
proof-of-humanity
in
an
AI-driven
world.
It
also
covered
large
language
models
like
ChatGPT,
user
control,
privacy,
security,
zero-knowledge
machine
learning
(zkML),
and
applications
in
media
and
art.

The
Significance
of
Ethereum
ETPs

In
recent
months,
U.S.
stock
exchanges
introduced
exchange-traded
products
(ETPs)
based
on
Ether,
following
the
listing
of
Bitcoin
ETPs
earlier
this
year.
While
much
has
been
said
about
these
ETPs
as
investment
products,
their
broader
implications
for
the
crypto
industry
are
significant.
Scott
Walker,
chief
compliance
officer
at
a16z
and
former
SEC
advisor,
explained
the
differences
between
ETPs
and
ETFs,
and
the
advantages
and
disadvantages
of
BTC
and
ETH
exchange-traded
products.

Legal
Defense
Fund
for
Crypto
Creators

Artists
and
creators
have
been
early
adopters
of
blockchain
technology,
including
NFTs,
to
monetize
and
control
their
work.
However,
they
now
face
potential
scrutiny
from
the
Securities
and
Exchange
Commission
(SEC).
To
support
these
creators,
a16z
crypto
and
other
organizations
have
partnered
to
offer
legal
services
and
consultations,
ensuring
that
artists
can
experiment
with
new
technologies
without
fear
of
government
action.

Gaming
and
Blockchain

The
web3
with
a16z
podcast
also
delved
into
game
design
and
the
integration
of
blockchain
technology
in
gaming.
Hilmar
Pétursson,
CEO
of
CCP
Games,
discussed
the
studio’s
blockchain-based
overhaul
of
EVE
Online
and
the
invitation
for
playtesters.
The
conversation
covered
the
technology
and
economic
design
of
the
game,
how
niche
cults
can
break
into
mainstream
culture,
and
the
impact
of
slow
databases
on
gameplay.

Trusted
Execution
Environments
(TEEs)

Trusted
Execution
Environments
(TEEs)
provide
an
isolated
environment
for
executing
applications,
ensuring
security
regardless
of
the
rest
of
the
computing
system.
TEEs
are
advancing
thanks
to
ongoing
work
in
blockchain
technology.
Ari
Juels
from
Cornell
University
discussed
the
use
of
TEEs
in
blockchain
infrastructure,
focusing
on
block-building
and
fair
ordering
of
user
transactions.
He
also
addressed
security
concerns
and
privacy-preserving
systems
in
TEEs.

For
more
detailed
insights,
visit
the

original
source.

Image
source:
Shutterstock