Reppo Models are Digital Assets

Reppo.xyz is an incentivized AI modelling network for risk & reputation models, enabling a new class of applications at the intersection of crypto and AI.

Earlier this year, Reppo had the opportunity to attend the Digital Asset Summit (DAS) 2024 where the industry heavyweights seem to know what they were talking about in the context of digital assets. But over the three days, it became apparent that very few people actually were able to pin point to a ubiquitous definition when queried what exactly a digital asset entails.

There was a consensus though that NFTs are digital assets and so are the various tokens associated with projects in the blockchain space. What else is a digital asset? Real World Assets (RWAs) - Digital representation of physical assets are digital assets. RWAs were the talk of the town at DAS 2024, partly influenced by Blackrock’s entry into the space.

But as AI takes over the world, are AI models also digital assets? And if they are, we should all be concerned that the LLMs, both open-source and closed source, which are multimillion dollar, if not billion $$ assets, are owned by a few corporations, without tax on such assets or royalties paid out to the data owners on whose data it was trained on?

At Reppo, we strongly believe that all Reppo models built using the Reppo Protocol are digital assets, owned by the modellers who get recurring royalties every time such a model is used in a rApp (Risk/Reputation App) built using a Reppo Model.

Reppo is also leveraging data provenance and digital ownership primitives to make sure data creators benefit from the downstream usage of their data. To some, it sound like utopia but we are core believers that web3 systems can enable this reality at scale.