Project Review: Humans.ai
Heart-Driven Artificial Intelligence
Artificial intelligence (AI) and cryptocurrency/blockchain represent two of the most remarkable technological advancements. Both innovations are reshaping how we live and work and revolutionizing various industries such as finance, education, art, gaming, regulation, and more.
According to PwC’s latest Global Artificial Intelligence Study, AI alone has the potential to transform global economic productivity and GDP, with a projected increase to $15.7 trillion by 2030. The combination of blockchain and AI, often referred to as the Blockchain AI industry, is similarly expected to experience substantial growth in the coming years, fueled by both fields’ rapid emergence and disruptive nature.
Morningstar Venture’s portfolio company, Humans.ai, is a leading blockchain and AI solutions provider. By leveraging the power of both technologies, Humans.ai is creating an ecosystem where artificial intelligence is scaled and governed within an ethical and transparent framework. Given the team’s recent Mainnet launch, this month’s project review deep dives into the project’s blockchain of AIs, the founding team, and recent milestones. As always, the review will finish with our analysis of what we at Morningstar Ventures like about the project and which challenges we see ahead.
What is Humans.ai
The Humans Blockchain of AIs is an ecosystem that empowers AI projects while promoting transparent and ethical development. The AI agent serves as a dynamic platform for AI researchers and developers, facilitating the integration of projects into real-world applications that positively impact society and address practical challenges. Through features such as traceability, transparency, and advanced data security, the Humans.ai blockchain empowers revenue generation and aims to create a market for innovative AIs. By implementing governance rules and the 7 Principles of Ethical AI, Humans.ai strives to address ethical concerns in the ever-growing field of artificial intelligence.
- Human Agency and Oversight
- Technical Robustness and Safety
- Privacy and Data Governance
- Transparency
- Diversity, Non-discrimination, and Fairness
- Societal and Environmental Well-Being
- Accountability
The project’s flagship product — Blockchain of AIs, is an advanced blockchain that fosters stakeholder collaboration (including Network Validators, AI developers, Users/Data providers, App builders, and Human Validators). The suite of AI tools allows users to bring their ideas to fruition and create their digital likenesses — generated by digital assets (NFTs). Furthermore, the Humans.ai platform uses blockchain technology to generate NFTs for synthetic media, AI apps, and other digital assets, again with transparency, accountability, and long-term governance at the core of its structure.
Founding Team, Fundraising, and Recent Partnerships
Founded in 2019, Humans.ai became the first blockchain of AIs in the Web3 space. Sabin Dima, the project’s Founder and CEO, has since inception expanded the team to 60 members, who all work together to grow the business.
In September 2021, the project raised $9 million in its private sale round. Investors included Morningstar Ventures, Parachain Ventures, Polkastarter, Kucoin and more.
Recent Partnership with the Romanian Government:
Together with the Romanian Government, Humans.ai introduced “ION,” the first Government AI Advisor in the World, represented in its physical form as an impressive 7-foot tall, mirror-clad robot AI assistant. ION’s primary role is to monitor social networks in real time, providing the government with information on Romanian citizens’ most pressing public concerns. A first of its kind, ION utilizes artificial intelligence to capture public opinions from publicly available social media data and report its conclusions to the Government to help solve everyday problems. People in Romania can also converse with ION on the project’s website ion.gov.ro.
Following the ION initiative launch in Romania, Humans.ai has announced that it is developing more projects with governments and political representatives in other countries, such as the Netherlands. The complex solution uses AI technology to represent the voices and needs of citizens best in the form of advanced conversations with the data.
Sabin Dima was also recently invited to the United Nations General Assembly within the Commonwealth Artificial Intelligence Consortium event in New York, where he presented Humans.ai’s complex solutions for governments and in support of democracy. Read more here.
Humans.ai’s tech for good AI solutions
Humans.ai’s digital avatar technology is used by journalists to protect whistleblowers and witnesses. A special edition of the IGDLCC podcast, realized by tech influencer George Buhnici and his team, focused on the sensitive topics of human trafficking and exploitation. The podcast featured “Elena” (the name was chosen randomly to protect the real person’s identity), a victim exploited by a human trafficking ring, who managed to save herself from the situation.
During the interview, Elena’s identity was protected using the technology developed by Humans.ai, which leveraged complex AI to give her a new face and a new voice different from her real one while maintaining the emotional weight conveyed by a person who goes through such a traumatic experience.
How the Blockchain of AIs Works
Humans.ai is building a wider ecosystem for artificial intelligence called the AIverse — a place where AI projects, products, and technologies are secured. The AIverse allows projects to grow under the supervision of actual humans combined with the safety and ethical framework of the Humans.ai blockchain.
In May 2023, Humans.ai officially launched its Mainnet. With the launch, the team became pivotal, bringing its Blockchain of AIs to a higher potential. The Humans Mainnet integrates with Ethereum, Polygon, and BnB to create a global framework for AI value distribution. This allows AI NFTs to extend across networks, facilitating asset circulation. Furthermore, by leveraging Cosmos technology and integrating with the Ethereum Virtual Machine (EVM), the Mainnet becomes the first blockchain layer capable of executing AI and being EVM compatible.
This empowers developers and organizations to utilize Ethereum’s principles, tools, security measures, and libraries for AI NFT engagement. Other EVM-compatible blockchains can also connect directly to the Humans Mainnet.
From a product perspective, Humans.ai combines AI tools in a creative studio suite. The tool suite comprises the following:
- AI Library: AI developers access a deployable environment to train and market their algorithms. They can collaborate and share creations to enhance their models collectively.
- AI Training System: AI models optimize for specific data inputs through self/unsupervised or supervised learning. Training can be automated or manually configured, creating a binary file representing the trained model.
- Digital Genome: Users generate personalized Digital Genomes owned by their creators, which can generate compensation when used in synthetic media asset production. Approval is required from the creator for usage.
- Apps: Humans ecosystem features Apps composed of multiple AIs that produce valuable outputs on request. Proceeds are shared among components. Users can deploy Apps at scale and access decentralized services. Staking $HEART tokens is necessary before going live.
- Humans Studio: Individuals and App Builders bring ideas to life using the AI Library, combining diverse AI models and Genomes. Various capabilities, such as sentiment analysis, text-to-voice, and more, can be saved as customized Apps.
Humans also developed “Proof-of-Human,” — a new blockchain validation mechanism, which allows people to leverage their biometric data to prove NFTs are and close “biological supervision”.
More on the Humans Ecosystem — Deep Dive into Humans Scale
Humans Scale is an equity-free accelerator program launched by the Humans.ai team to support pure AI technologies that impact human lives.
Humans Scale aims to develop an AI-driven economy that supports the next generation of AI companies. The team has partnered with Talkens.ai, one of the first projects listed on Humans Scale. With the technology provided, Talkens.ai aims to empower the NFT community to bring their NFTs to life by giving them a voice.
Tokenomics — $HEART
Humans.ai’s native token $HEART allows people to participate in the platform’s governance and facilitates value within the ecosystem. The token economy consists of three kinds of tokens:
- $HEART Tokens: Used for governance and payments within the ecosystem
- NFTs: Used to own Algorithms, Genomes, Data, AIs & Apps
- ERC-20 Tokens: Represent the right to governance and revenues of an NFT
$HEART allows AI developers, users, and projects to collaborate seamlessly. Built on a robust blockchain infrastructure, the token fosters transparency, security, and efficiency. By utilizing $HEART, users gain access to a diverse range of AI-powered apps and tools available in the AI Library on the Blockchain of AIs.
Users can employ $HEART within the ecosystem to access personalized content, voice services, and digital avatars and invest in promising AI projects. The governance system behind $HEART tokens empowers holders to participate in decision-making processes, such as voting on platform upgrades or proposing new AI tools.
Furthermore, the Humans Synapse allows for bridges across different blockchains, creating asset transfers using zero-knowledge proofs for enhanced security. Users can swap assets between Ethereum and the Humans Mainnet using tools like Metamask. The integration of the EVM enables access to multiple EVM-compatible blockchains with a single Metamask wallet, while the Humans Mainnet aligns with standards shared by other blockchains like BnB, Polygon, and Avalanche.
Our Analysis:
Strengths:
- Market potential, first mover advantage as Humans is first of its kind: The project has come a long way since 2021 and showed adaptability as they were willing to pivot to the fast-changing crypto and AI space. The team is not just about leveraging the current AI hype surrounding the space but is deeply rooted in developing a real set of tangible products.
- Positive impact: Humans empower individuals and businesses by enhancing decision-making capabilities, increasing labor productivity, and driving product advancements through AI and blockchain technologies. Ethicality and transparency are at the project’s core, shown through the Humans Scale initiative — where its diverse datasets are crucial to reducing biases in AI. While blockchain promotes neutrality, it can’t eliminate biases entirely. Biased training data can lead to discriminatory AI outputs. However, blockchain enables transparency by tracking data origins, helping identify and address biases. In the Blockchain and AI industry, decentralization of data is prioritized to reward creators and prevent centralization. Defining data creators and ensuring equitable rewards is vital as the sector expands.
- Proven use case with Government Partnership. Their partnerships with governments prove the credibility of the projects and that they can fit various use cases.
Challenges:
- Regulation around AI and Crypto is still not set — the industry could look very different in a couple of years. Similar to other projects within the crypto space, the lack of clear regulations surrounding AI and crypto poses a significant challenge. The evolving regulatory landscape could significantly impact the project’s operations and future prospects. Furthermore, combining crypto regulation and AI can pose regulatory challenges as the project might need to navigate two very different regulations in different sectors.
- The complexity of the project can be difficult for users to understand. Running at L1 blockchain is always challenging regarding project and developer acquisition, community building, and further growth.
What’s next for Humans.ai
Humans.ai is developing a new AI product called BrainBrain, a large language model trained with proprietary data and the first artificial intelligence product hosted on the Blockchain for AIs. BrainBrain will be an AI companion that revolutionizes how people navigate the Web3 space and how a person can engage with the crypto market. Powered by complex AI algorithms, BrainBrain supports users in their crypto journey by providing unique insights into the market and rewarding people with their curiosity with valuable digital assets. At its core, BrainBrain is a Large Language Model (LLM) similar to ChatGPT, designed to serve the actors of the crypto industry. But unlike other LLMs on the market, BrainBrain is backed by the Blockchain of AIs, which acts as the trust layer that guarantees that data and asset ownership are undebatable. With these characteristics, BrainBrain is designed to become the access ticket to the future: Web4.
Learn more about Humans.ai
🌐 Official website: https://humans.ai/
📡 Official Global Telegram Community: https://t.me/humansdotai
🐦 Official Twitter: https://twitter.com/humansdotai
📜 Blog: https://blog.humans.ai/
📹 YouTube channel: https://www.youtube.com/@Humansdotai
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in token and equity investments and focuses particularly strongly on the MultiversX ecosystem.
Website ️| Community | Twitter | Telegram | LinkedIn | Instagram
