Pundi X Labs Unveils the Hub for AI Data Assets
Pundi X Labs, a pioneer in blockchain technology, is proud to announce the rebranding of its Function X (FX) platform to Pundi AI and the launch of its groundbreaking Pundi AI Data initiative. This strategic transformation marks a significant milestone in democratizing AI data and empowering individuals worldwide to participate in the burgeoning AI industry.
Introducing Pundi AIFX: A Decentralized AI Data Processing Layer
Pundi AI is a decentralized, verified AI data processing layer designed to revolutionize the way AI data is produced, secured, and monetized. This omnichain infrastructure enables users to contribute, buy, and sell AI data as intellectual property across multiple blockchain networks, fostering a sustainable ecosystem that not only enhances AI development but also provides participants with continuous and meaningful rewards.
“Our mission is to give everyday people around the world the opportunity to participate in the development of the AI industry, provide high-quality data to AI companies, and receive sustainable and continuous rewards,” said Zac Cheah, Co-Founder and CEO of Pundi X Labs. “By producing verifiable AI data and tokenizing it into on-chain assets, we are paving the way for a more inclusive and transparent AI ecosystem.”
The Launch of Pundi AI Data
As part of the Pundi AI ecosystem, the Pundi AI Data initiative aims to address the critical issue of quality AI data scarcity by leveraging the power of decentralization. The platform’s “Tag to Earn” model allows users to earn rewards by tagging or annotating data, contributing to the improvement of AI datasets essential for training accurate and reliable AI models. This model not only incentivizes greater on-chain activity but also generates real yield for participants by curating valuable AI data.
The Pundi AI Data initiative also introduces a new token economy, where the $AIFX token serves multiple purposes, including gas fees for Pundi AI transactions, AI data processing fees, task fees for data buyers, and validator staking. This multifaceted utility enhances the value proposition of $AIFX within the ecosystem, driving further engagement and adoption.
Roadmap and Future Developments
Pundi X has outlined a robust roadmap for Pundi AI, with key milestones set for the coming months:
Phase 1 (Q3 2024): Website upgrade, white paper publication, alpha release of the data annotation browser extension, and the Pundi AI chain upgrade.
Phase 2 (Q4 2024): Connection to 1–2 L1/L2 networks, beta launch of AIDATA NFT, and the introduction of the “Tag to Earn” model.
Phase 3 (Q1 2025): Full launch of the AI DATA marketplace and referral program, release of data annotation tools, and continued partnerships with AI projects.
Community Engagement and Participation (still in discussion)
Pundi X is committed to fostering a vibrant community around Pundi AIFX. As part of this commitment, a unique opportunity is being offered to $PUNDIX and $FX holders to participate in the growth of Pundi AI. Holders can purchase $FX at a 50% discount with a three-month lock-up period, enabling them to become early supporters and beneficiaries of this transformative initiative.
Join the conversation and stay updated on the latest developments by visiting the Pundi AI Telegram Community.
About Pundi X Labs
Founded in 2017, Pundi X delivers innovative web3 and AI technology to build a more accessible and inclusive world. Through its innovative products, including from the world first blockchain-based point-of-sale platform XPOS, AI data omni-chain layer Pundi AIFX Chain to SocialFi browser plug-in for x.com, Purse+, Pundi X is transforming the way people use and interact with cryptocurrencies, driving financial inclusion on a global scale.
Headquartered in Singapore, Pundi X has also been selected as one of the top 50 Innovative Fintech Startups in 2018 by KPMG and H2 Ventures, cool vendors in blockchain business by Gartner, and one of the top 10 fintech leaders by Singapore Fintech Association in 2019.
For more information, please visit https://www.pundi.ai.
