Dual Launch of gensyn: A Quick Look at the AI Token Sale and Delphi Market Prediction Model

Original Article Title: "Dual Launch of Gensyn: A Quick Look at the AI Market Delphi by Delphi"

Original Article Author: Sanqing, Foresight News

As a decentralized AI computing infrastructure, Gensyn recently introduced the Delphi open market for machine intelligence based on model performance evaluation. Gensyn has previously raised over $50 million in total funding from Eden Block and a16z in the seed and Series A rounds.

gensyn: AI Computation Infrastructure

gensyn focuses on creating a decentralized protocol aimed at unifying global computing power into a single, open machine learning network. The protocol standardizes the execution, validation, and coordination process of machine learning workloads, allowing any device from personal computers to data centers to participate, enabling AI systems to break free from centralization constraints and scale.

gensyn is built on a custom Ethereum Rollup that integrates four core components: consistent machine learning execution, trustless verification, peer-to-peer communication, and decentralized coordination to ensure compatibility, fairness, and permissionless participation in the global computing ecosystem.

gensyn co-founder Ben Fielding emphasizes that unlocking AI's potential requires immense computing power, which gensyn provides through unlimited scale and fair market pricing. By tapping into underutilized hardware worldwide, gensyn significantly boosts computational supply.

Team and Funding Information

gensyn's core team consists of members with backgrounds in technology, investment, law, and marketing. Co-founder Harry Grieve was previously an angel investor and a graduate of Brown University. Co-founder Ben Fielding holds a Ph.D. in Computer Science from Northumbria University. Chief Operating Officer Jeff Amico served as a partner at a16z and legal counsel at AirSwap, holding a J.D. from Columbia Law School. Marketing Director Austin Virts has worked on market and community-related roles in various crypto projects such as Aptos, Audius, Solana, and Origin Protocol, graduating from Millersville University of Pennsylvania. Product Manager Diogo Ortega previously worked at Coinbase and Autograph, handling crypto product and user experience functions.

On the fundraising front, gensyn previously completed a $6.5 million seed round on March 21, 2022, with Eden Block leading the round and participation from investors such as Galaxy Digital, Maven 11, CoinFund, among others. On June 11, 2023, gensyn once again successfully closed a $43 million Series A round with a16z leading the round and participation from CoinFund, Canonical Crypto, Protocol Labs, Eden Block, among others. The total amount raised in these two rounds exceeds $50 million. The current AI public offering is set with a fully diluted valuation cap of $1 billion, corresponding to the equity pricing level set by a16z in the previous round.

Delphi: A "Prediction Market" for Model Performance

On December 8, gensyn launched Delphi, an open-marketplace based on real performance assessment of AI models. Delphi is currently live on the gensyn testnet.

Delphi has innovated the value discovery mechanism for AI models by enabling users to watch machine learning models compete in real-time on specific benchmarks. Users can purchase and hold shares of models they believe in, similar to "betting" on technical prowess. As competition results are revealed, supporters of winning models will be rewarded.

Unlike traditional venture capital bets on private companies like OpenAI, Delphi allows market participants to directly support open-source models. Through an on-chain Automated Market Maker (AMM) mechanism, Delphi provides continuous liquidity and transparent pricing, forming a real-time index reflecting the models' true intelligence level, eschewing mere marketing hype and AGI vaporware.

The launch of Delphi enhances gensyn's "Signal, Scale, Eval" flywheel. In the future, users will not only be able to participate in predictions but also create their own evaluation markets or submit models for competition.

Currently, all trades in the Delphi market are conducted using the test token TEST, which users can claim within the app.