#🎙｜ama-recaps

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weak owl Jun 14, 2024, 3:41 AM

13th Jun - OpenHouse AMA Episode 2 Recap

🔹 Recent Product Updates and Future Plans

Ethan: First of all I’d like to share the update on the AI side. We had a major rewind of the main website, which combined the previous explore sections and also the chat settings. Now we can offer better visibility for high-quality creators. By doing so, we can suggest new AI app content in each of the categories and also an easier way to find it. And of course, now users can invest in AI apps.
Second of all, we pushed forward from the traditional prompt-based content to additionally a text-to-speech one. We also added a pro-config and no-code modes for our creators. Now let me explain a bit further why we’re pushing forward from the prompt-based agents building to the current pro-config mode.

**Why Pro-Config Mode? **
Ethan: We’ve noticed that a lot of AI creator platforms now offer different large language models (LLM) to the creators. So, people can write prompts to customize the functionalities or the personalities of the chatbot. But in my opinion, it’s not enough. We don’t want to offer creators to build a simple chatbot. We are more ambitious. **We want creators to be able to build any kind of application. **That’s the reason we introduced a pro-config mode.

Firstly, it’s a no-code method. Many of you, guys, could already notice it in the Widget Center, where we’re integrating as many AI-based models as possible in different kinds of domains. We add not only the classic ones (image/gif/video generation widgets) but also non-ai-powdered widgets like Notion API, Twitter API, YouTube API, etc. We want to extend the options for your usage. We’re planning to allow the creators to combine the AI capabilities with these existing software, the 3rd party API integrations. We want our creators to be able to build complicated applications, rather than simple chatbots.
Secondly, it’s not linear forward as other platforms are offering. At the bottom layer, it's a state machine. So, in our scenario, we are implementing a mechanism with a button, that will easily allow you to switch between different models, or you can simply chat, and AI will understand your intention. Our main goal is to enable multiple functions in the same chatbot in a unified way, without messing with your intention. Since larger module models, even though they are quite powerful, can be still quite limited.

So with more widgets, we can offer a more powerful and stable creation process. **We are going to offer a creator the most flexible agent builder, which will help you to create something that only you can imagine. **

🔹 Web2 User Friendly Solutions
Ethan: With time we start to get more and more stuff on-chain. Since most of you, guys, already joined our testnet, you understand what I'm talking about. I think the testnet is something that we decided to build as our own AI tool, rather than implementing an already existing one. We are moving towards mass adoption. So our target is to provide a customized Layer 2 solution with the lowest gas fees possible, together with the fastest transaction time, and hopefully, we will be able to offer some kind of gasless experience for our Web2 users. And that will be a kick in the mass adoption of Web2 users. So they won't even have to remember the secret phrase or worry about buying Ethereum and where to keep it. That’s why we are spending a lot of time and effort integrating solutions like Privy, Biconomy, and a few others to make both AI products and the crypto experience seamless for Web2 users. Our goal is for them to feel the benefit of crypto and blockchain without putting a lot of time and efforts into learning it.

🔹 **On-Chain Update in Patron Badge **
Ethan: Talking about the Patron Badge, I think it's a good way to test the mechanism of the relationship between the investor and the creator. We are going to make it even more powerful by making the Patron Badge on-chain. By doing so we will allow the creators to issue an on-chain asset and the investors will be able to own some of the assets after they are launched. So the general idea is to combine the existing bonding curve that is used in the Patron Badge together with the liquidity pool, just like Uniswap and other AMM models do. And when an asset or a certain AI agent will have a lot of investors who are interested in it, we will be converting it to the AMM pool for better a trading experience.

So, once we move from the centralized Patron Badge towards the on-chain bonding curve + liquidity pool, you will have an opportunity to stake your Shell coins. But pay attention to the AI agents you are investing your money in, you need to do the due diligence.

Initially, we had different discussions about how to design the Patron Badge, we were thinking of using the bonding curve or just sticking to the staking model. Eventually, we chose a staking model because we don't want users to lose their money. It makes us sad to lose money, doesn't it? So we want things to be more stable. That’s why we decided to move forward with the on-chain liquidity pool and on-chain bonding curve.

I think the way to make money for the creators is to create something truly valuable. It should be something that you can pitch to your audience, so it will find its investors. Plus you will be always getting feedback from the audience which will help you to make your content even better. And for users who invest, you don't always need to invest in some kind of a heavily used app. You can try the app by yourself first and evaluate it, if you think it will have a promising future or if it's a low-quality product.

🔹 **NFTs **

Jiaran: One of the most asked questions was about NFTs, Ethan, can you tell us a bit more about it, please?

Ethan: So, let me start from the beginning, we launched two non-fungible assets. The first one was the Genesis Pass, which was launched in April. The original plan about this NFT was that we hand it for free one by one to some of our high-quality content creators, whom we onboarded from the Web2 space. Later on, we realized that it was limited and was on the Polygon chain, so giving it to the Web2 creators was simply not enough. So later on we just aired up the new one called Creator Pass to all the Genesis pass holders on Ethereum mainnet.

Now speaking of the MySoul NFT. I know that many of you guys are curious about the privilege and the usage of MySoul NFT. So let me tell you, It’s mainly centered around the investments, and gameplay, especially for the new agents launching on-chain with the bonding curve initially. Also, it's going to have some trading perks, either the trading fee or the yield given the investment gameplay. If you are not a creator but you want to be a part of MyShell’s ecosystem, then just buy a MySoul NFT. **All MySoul NFTs are associated with the highest privilege in all future investment-related mechanisms on the platform. **

And finishing the topic of NFTs, I’d like to mention that we don't issue some random assets with no utility, we don't try to make money out of this kind of asset. The point of the NFTs is to be a reward for the super active and supportive users of MyShell. This is not just a one-time product, it's going to bring you a long-time privilege in the whole ecosystem for the assets-related gameplay in MyShell. So, just be patient and it will pay off.

🔹 Second Half of 2024’s Resolutions
Ethan: We have two main goals for the second half of this year:

Increase the quality of the creator’s experience and its capabilities. By doing so our creators will be able to build better and higher-value content for our users. On the other side, users will be able to invest in this kind of high-quality content. And the creator will share part of the trading fees as a part of the monetization.
- More than that, we will be onboarding other projects and developers to use MyShell AI capabilities, and our tokenomics to build their version of AI and AI consumer apps. That will be in Layer 2 and will also be a part of our ecosystem. So, if you’re an experienced developer or a project, you’re more than welcome to develop and deploy on MyShell.
The second topic is related to your questions about the token generation event, the airdrop, and its amount. At the moment I cannot give you any clear timeline, guys. I can only ask you to be patient if you really believe in MyShell. I think you have noticed that we’ve been spending a lot of time and effort building the product, rather than telling you some narratives. We don't want you, guys, to buy a lot of tokens, we would prefer you all to be the creators. And this will be probably the best way if you want to get more and more airdrops. Just learn how to build an AI app and try to promote it. This is the best way how you can earn in the MyShell ecosystem.

🔹 **Q&A Part: **
Q1: What are MyShell’s advantages towards the tech giants in the virtual space, like GPT stores or other platforms?
A: I’d like to start with the first difference, which is a closed source. It only supports open AS models. That’s why capabilities and wages are quite limited. We have integrated probably every single commercial model and even some of the hottest open-source models together with many of the code models, that are going to empower external information influx. So the first difference is that we can offer much more capabilities to the creators. The second difference is that, when you create something in a GPT store, you won't earn anything from that, because it's a centralized platform. Even though they announced an incentivizing program, it's still really hard to define the contribution. That is why we bring a new financial system, that is going to replace the traditional equity market.

**Q2: How can I get a Patron Badge with so little of Shell coins earnings? **
A: I think many newbies would have the same question. We are planning a reset for the Patron Badge and we’re going to promote more about the new high-quality pro-config-based content because that's going to be a more valuable and more interesting one. But more importantly, it is going to offer equal opportunities for the new users to participate in the early holding of the Patron Badge. Also, we are going to try to add some on-chain investment soon, where you’ll be able to use some other currencies like Ethereum, USDT, and USDC to invest.

**Q3: What’s the use case of Shell coin? **
A: Firstly, it’s an investment. Secondly, It is a monetization of the high-quality content prepared by our creators. I think when the creators’ number starts to go 5-10 times higher, we will start to generate revenues from the platform subscription or a single app usage payment. It’ll be a sustainable revenue for future token price support, and also it will be beneficial for all the token holders. Talking about the dates, I think monetization isn't going to be soon, but it's going to happen maybe early next year. It'll depend on the pace and status of the content ecosystem and also the creator ecosystem.

**Q4: How to get MySoul NFT for free in the future? **
A: At the moment we have 600 MySoul NFTs in the treasury. And we are going to gradually give them away to our community members during our future events. When we launch the on-chain investment system, we want to encourage people to use that. It’ll be some kind of reward for future event participants.

**Q5: Can you tell us more about data privacy? **
A: I think we really value the user's data, especially in this kind of AI era, where data is more valuable and more sensitive. The general approach is that we're going to make everything anonymous because all the message data and all your engagement aren't really linked to a profile or a person. It's linked to an ID. I think that's going to be the first step. The second one is that we have restricted the access to the database. And so a very limited number of developers have access to the database. And given the sensitive users’ data, we're just periodically going to dispose it. We're not going to use our users’ data for the model training because if you are talking with your private key if you use the data for training, the model is going to know your private key, so we won't do that.

**Q6: How do you prevent abuse at MyShell? **
A: I think for the content regulation, we are taking a practical approach. We're going to get started with content governance, and content moderation, in a centralized way rather than decentralized, since centralized is going to have higher efficiencies to start from. So, we're actively going to delay some kind of inappropriate content on MyShell. Also, on the top right of each content, there is a report button. And you guys can report the content you think is inappropriate, political, or religion-related. We're going to get started in a centralized way, but we’ll also move forward with the governance decentralization of the platform, i.e. content curation, content voting, and deletion of inappropriate content. But we want to do that gradually, not going too aggressively to succeed.

**Q7: How does MyShell enhance the network’s ability to invitation validation and task completion? **
A: We have set the tasks in the Reward Center. You can complete them to earn a small amount of Shell points. Talking about the attackers and farmers, they usually go for the invitation tasks. The calculation method of the preventive mechanism, which we’re using, isn't explicitly disclosed to prevent further attacks. Right now, there are some little issues, and we're going to do a minor upgrade about the invitation task. This is our high-priority task.

**Q8: How does MyShell do a curation and recommendation? **
A: MyShell team picks the bot that's going to be featured in the banners, in the Reward Center, and users’ onboarding choices. In the future, we want to make that governed by the community, not by us. That'll give users an access holder, whether it’ll be our token holders or the NFT holders, they will have a right to decide which content will be curated.

**Q9: Will MyShell be supported on mobile? **
A: I think the website is more universal, but mobile may have a better user experience and can be easier to use. But we all know that crypto is new, and Apple or Google has policies and restrictions about crypto integration. So we're going to follow the rules, but at the same time, we'll try to integrate as many crypto-native features as possible.

balmy path Jul 24, 2024, 12:44 PM

OPENHOUSE AMA RECAP: EPISODE #1 ON TWITTER

CRAFT, SHARE AND EARN WITH AI APPS

Date: 2024/07/20

PREMISE

MyShell Fam! We just wrapped our first Twitter OpenHouse AMA with Ethan (co-founder) and Aiko (ecosystem lead), and it was FIRE. They spilled the tea on the Point Carnival, AIpp Store, and what's next for the future. Get ready to catch up on everything you missed, because this OpenHouse was seriously dope.

Beginning

Lizzy: We’re here to discuss Point Carnival and AIpp Store. Our title is “Craft, Share, and Earn with AI Apps”. Hope you will enjoy this talk and get to know a lot of new stuff from Ethan and Aiko. Let me introduce them to you! Ethan’s our co-founder. Please say hi to our audience.

Ethan: Hey everyone, I think you guys are familiar with me already. Some very interesting features were just released and we’re excited to talk more about it.

Lizzy: Now we have Aiko, our ecosystem lead. Aiko, please say hi to us.

Aiko: Hi, everyone. It's so exciting to be here and it’s the first time we host the OpenHouse AMA on Twitter, and I'm glad to see many people here. Let's get started! I'm so excited for this!

Lizzy: Yes, our previous OpenHouse was on Discord. That’s our first time today.

AIpp Store

Lizzy: The first topic we have is the AIpp Store. Ethan, I would like to ask you first. Can you walk us through the concept of the AIpp Store? How do we pronounce that? And what experience can users expect while they’re exploring it?

Ethan: We had a lot of internal discussion and brainstorming about the name. It’s actually the AIpp Store, like the “Ape” Store, which is an AI version of the App Store. It’s related to the long-term vision of MyShell, as we want to make it easy for everyone to create AI-based applications, especially for the creators. That's why we spent the whole past year iterating and developing all of the workshop tools and providing probably the most comprehensive AI models and various modes for the creators to build not just chatbots, but AI-based applications.

As you guys know, we started as an AI chatbot companion, but now we offer a no-code mode program, many AI-based models/codes, and also widgets. Our fantastic creators build many new utility-based content, like all sorts of image-generation tools and some of the education-based AI applications. We reached a point where AI creators can create very interesting and complex AI applications on MyShell in three to five hours.

So, we’ve been thinking about how to help creators and give crypto users a chance to participate in this creation process. Since not everyone has the time to learn how to build an AI app and also not everyone has the idea for that. So we developed an AIpp Store.

Here's the general idea about it. We want to foster an environment where great minds, like creators, can build their ideas. And if non-creators (crypto users & general users) also like some content and want to be a part of the journey, they can just buy the share. And right now, the share represents the ownership of the AI apps.

We're going to start monetization on the platform probably at the end of this year or early next year. And if you're the owner of a high engagement / high payment application, then you’ll be able to share the revenue out of it.

Lizzy: It sounds really cool. Now I’d like to ask, how easy it’s t to use AIpp Store. Can you tell us about the platform’s usability by both web3 and web2 users?

Ethan: The user onboarding experience is essential to mention. We not only want to build a platform for crypto users, but we want to onboard users from the Web2 space to show them the benefits of blockchain and crypto. That’s why we’ve integrated MPC wallets, such as Privy. More than that, during our last testnet, we compensated all the gas fees for the users. Our goal is to make the onboarding process to the crypto space as easy as possible.

We offer an AI application platform. You can find the apps you like there. It can be AI characters, fantasy stories, and many handy tools like image tools, education, translation, etc. Basically, we want to build a one-stop AI-based app store. And that is the App Store.

You propbably noticed that this time we chose BNB as a currency, that uses a switch network. But our end goal is to make it Omni-chain supported. So everyone can launch their AI apps on their favorite chain. The BNB chain is just the first one we support, and many more are going.

Eventually, the MyShell chain will unity all the liquidity. Right now, you can try all the AI applications for free. If you want to be the early supporter or the investor, it’s up to you. There are options to buy the key or the badge. Basically, you’re trading on the Bounding Curve, since we think it’s a great way for the whole process can be experienced. And we're going to introduce even more ways for you to test.

Lizzy: Got it. Thank you for your answer. And we have the last question about the AIpp Store. I’d like to ask Aiko right now. Please tell us about the connection between the AIpp Store, real utility bots, and the overall AIpp quality.

Aiko: Before I start answering this question, I’d like to clarify one moment first. We came to this AIpp Store idea, since many people, especially our creators, have been asking about the meme coins and how users can trade them. So, what if people would just trade an AI app, that has no utility instead? And people are really concerned about that. But I think you, guys, can have our promise today, we’ll keep the Creator Point for all the creators in our community. It means the profit you held for a very long time before won't be deleted or affected by the new AIpp Store.

All the rights, benefits, and profits won't be affected by the AIpp Store. The Store is just an additional value to the whole ecosystem, giving the creators a new opportunity to get a cash flow, a new method of monetization. It's good news for everyone in the AI ecosystem because as we all know, a lot of open-source AI developers, researchers, creators, or prompt engineers have no way to monetize their work. It's the first time they can legitimately monetize their work by using the AIpp Store at MyShell. I think, that’s a very innovative and experimental step in the whole AI industry.

We launched the AIpp Store very recently, but we already received much feedback from users. With time we’ll set a standard for good or bad apps. It’s simple for old users who already know about Kiko, Ika, and Script. As long as these guys launch their AI apps, people will buy them, since these creators are trusted. So as long as we keep on building the ecosystem, people will get to know it better and will be able to recognize the good AI applications in our community.

We will also help with social media promotion of the good AIpps. If you're following our official Twitter account, you will definitely see many posts about good AI applications there. We also educate our users on the AI app workflows and tutorials, so they can learn how to engage with it. So people will know exactly which AIpps are the trusted ones.

As long as our AI development platform grows and we have good community members and creators, we can see new utility and new value. Maybe, once we have Premium or subscription fees in the future, creators will be able to hold the highest value rank in our community. You won’t even need to ask, who is the best creator in our community. You can see the numbers, data, value, and utility. It will be increasingly obvious in our community and the whole trading/investment ecosystem.

Lizzy: Thanks, Aiko. That was really awesome! Thank you very much for your answer!

Point Carnival

Lizzy: The second topic we’re discussing today is about Point Carnival. I would like to start with Ethan. Can you tell us, what’s a Point Carnival? What is the story behind its name?

Ethan: Yeah, sure. Some of the old users may know that we have been having many seasons, and we have point systems. So the whole design is based on the incentivizing and promoting the users' activities in the ecosystem. We have different categories of users, like the day-to-day users and the creators. But right now we’re expanding this list, where we’ll have the supporters and sponsors of the creators.

Previously we had various daily, onboarding, and invitation tasks. Doing these lets users earn seasonal points. After each season was over users could convert it into Shell coins. We’ve been through many seasons like that for half a year or even longer. And we noticed various issues. That’s why we decided to split the Points per contribution and even gave each Point a unique name.

Sponsor Points are based on the trading volume. If you trade more or buy more AIpp shares, you're going to earn more Sponsor Points.
Creator Points can be earned when users are talking to your AI apps.
Influencer Points can be earned if you’re a KOL or you have your own community. Usage of your invitation link and sharing of the AIpps within your community increases MyShell’s growth.
Fulfilling seasonal or new user onboarding tasks can give you General Points.

By doing so, we created different Points. Different Point pools will be converted to various amounts of Shell coins at the end of each season. The main reason for splitting the pool is to make the contribution to MyShell more explicit. That is the general idea behind the Point Carnival.

Lizzy: That's cool. I personally love the name idea. I would like to hear a little more about that. What does it mean for the users? What's the overall concept? Like tell us more about the vibe, is it like a carnival rewards style?

Ethan: So, this time the Point Carnival system came together with the launch of the new AIpp Store. Here you can be the creator, you can use MyShare for chatting or working, and you can also be a sponsor, who finds undervalued apps and curates them. If you’re good at growth or have your own community, you can just earn the Influencer Points. We aim to make MyShell easier for everyone to understand since it’s a very complicated ecosystem. It’s our duty to coordinate everyone's contribution.

Right now we have four different Points. The new users can earn General Points. During each season, we’ll set up tasks for users to try out some popular, officially recognized AIpps to give those new creators more exposure. And if a creator is building a good app, we’ll put it in the task list for new users to try. The more users use the app, the higher retention rates go, and then the creator can earn at MyShare.

But you can still participate and contribute, if you're not a creator. You can find the AIpps you like or be an investor and search for your golden mine. Find the creators you like and invest in the AIpps early, so once it becomes more popular, you’ll have a lot of revenue. You can call your followers to try MyShell, if you're a KOL. We’re just trying to make it easy for everyone to participate and make it equal to the Points share.

Lizzy: Thank you. I really like that. I like that now we have a variety which we can offer to the users. That's actually very cool.

General Questions

Lizzy: Now we start a general topic, and I’d like to ask a few questions about this major update. I'm sure I'm not the only one curious about what made you shift from the previous reward system and Patron Badge to the Point Carnival and AIpp Store. What made you switch things up and go for a new way of rewarding users?

Ethan: We had been running Patron Badge for quite a while. And the main reason why we had Patron Badge is that we wanted to use the off-chain Points. And also, it's cost-free. So everyone could join the testnet. It worked well, but there were some problems on the surface.

The most prominent one was about new users joining MyShell in order to do more investing and curating good content. So that's the top priority and most important question for us to solve. The second one is that people wanted something new, something more crypto-native. So, that’s what we did. We enabled crypto users to be investors for our creators, help them and make MyShell more successful.

We opened a way for everyone to invest in the creators in BNB. But we'll add more chains and multiple currencies. Eventually, we want to help the creators of the most successful and highest market cap AI apps to launch their own tokens. We want to build the creator economy to help them earn and also give everyone a chance to enjoy the usage of the AI apps on MyShell.

Lizzy: Thank you for explaining that. Now I would like to hear Aiko's thoughts. Can you tell us about the difference in the users’ impact compared to the previous system?

Aiko: I think the same as Ethan said, at Patron Badge we saw both advantages and disadvantages. We listened to the feedback from the community. So that’s how Point Carnival and AIpp Store came.

I’d like to start from the Point Carnival, where some creators might have noticed that your application’s engagement dropped a little because people pay more attention to the AIpps. This situation can be resolved, once users understand the Points’ value and focus on the Influencer ones. We just separated the General Points into different sectors to serve our community’s different needs.

But these ups and downs are temporary, like today your AI application engagement dropped down, and tomorrow a lot of influencers and KOLs will engage with it and amplify it, it’ll eventually grow back, and everyone will be happy. This system helps you monetize your product and brings you a cash flow. That’s a happy ending for both community and the ecosystem.

Talking about the AIpp Store, I’ll say that it’s like a token. But it’s quite complex to explain that to a creator from a tech company like Microsoft or someone with an engineering background. We can tell them we'll help you launch your token today. But they do not know how to deal with that. So, education is essential in this process and we’ll be working on it step by step, educating users about the crypto wallets and all the details. It’s a long process of teaching creators and sponsors in our community. It may last for months or maybe even for a year. But we definitely plan the AI industry revolution for a whole decade, so we’re not in a rush.

I think everyone in our community is focused on long-term development. So, we just stick to what we are doing now – building a good application, creating value, and building real utility. That's all we want our community to do and contribute to. The many new features and updates you see now are just the first step in our roadmap. Just engage more and believe in the team; we’ll deliver more surprises for the community in the future.

Lizzy: Thank you, Aiko. I like that. Let's build real utility. Let's create value. It's really nice.

Questions from the Community

Lizzy: Now we’re moving to the last part of the OpenHouse and it’s the questions from the users. The first question is from Gator Fothert, “What are the long-term development plans for AIppStore? Will you support more blockchain networks in the future?” Ethan, please.

Ethan: Yeah, this is a great question. I think it's more about our chain decision, blockchain architecture, trading assets and what is the asset overall.

First of all, we have a chain-agnostic project. We don't have a preference for one chain over another. We'll choose the chain that works best for our users. That's the only thing we care about. Previously we’ve tested MyShell testnet on Ethereum Layer 2, and now we work together with BNB chain. We choose a chain based on how well it works for a mass adoption. Besides, the gas fee should be low since no one wants to try blockchain for $10 per click. Eventually we're going to be an Omni-chain because right now there're Ethereum, Solana and some new chains like Monad, Berachain, etc.

We’re paying very close attention to the evolution of blockchain technologies and choosing only the right ones for our users. The strategy for chain is that we're going to work with some of the high-performance chains and support them one by one. More than that, we'll give the creators and users a choice to launch, trade and support assets on any of the available chains, since we don't want to prevent you from choosing one over another. Oly one question is left now – fragmented liquidity. There should be something on base, that's the reason we chose to build our own chain for consumer AI applications.

Eventually, we want to provide a unified interface for the users. We want a chain that can communicate with all the chains,has fast, and low gas speed. It'll provide users with one unified interface to interact with all the assets on different chains. That's going to be our technical decision for the blockchain development.

Right now, we chose the bonding curve as a starting point because there are over 100,000 AI apps and over 1,000 public AI apps on MyShell created during the past year. If we choose to launch a token for each AI app, the liquidity is going to be fragmented, and the trading experience is not going to be good.

We compared different ways of launching an asset: AMM, bonding curve, and some other. Bonding curve was chosen as a starting point to make everyone launch their AI apps on a on-chain permissionless way. In the future we're going to choose the most ones during each month and work with the creator to convert the bonding curve into a liquidity pool for a better trading experience.

Lizzy: Thank you very much for your answer, Ethan. I'm sure our listeners got to know much more about our future plans. The second question from the community is for Aiko. “Does the new investment system have the potential to cause authors to buy themselves too late and then only at a high price? Would it be possible to give authors five initial shares and have the cost deducted together at launch?

Aiko: Before I start, I just want to clarify that the price won't be much different, if you buy the first five shares or the 10th or 250th shares. The cost is around 0.005 BNB. And the price varies from $1 to $5. Yes, there is some gap, but it is not high since we've already given creators the opportunity, even though they may not hold a MySoul NFT, they still can buy his/her own AI applications.

At the moment we’re figuring out a new update for the buying and trading mechanism, which combines the bounding curve launch and the first five keys purchase rights. We want to combine these two in one transaction, so every creator will be the first one to buy their shares. I hope you’re left satisfied with my answer, since we’ve been having a lot of internal discussions on how to ensure creators' benefits and profits. We already have a solution and it’ll be launched soon.

Lizzy: Thank you, Aiko. So, creators, that one was for you. Just stay patient and wait for a little longer, you’ll see. We’re thinking about you, and we’re looking for the best solutions for you.

balmy path Aug 26, 2024, 8:08 AM

@everyone

AIFi and the Future of the AI-powered Memes – Transcript

Date：2024/08/21
Host： Lizzy (MyShell Intern)
Guests：
- Ethan (MyShell Co-Founder)
- Aiko (MyShell Ecosystem Lead)
- Joy (BNB Chain BD, overseeing Decentralized Socials & AI projects)

Beginning

Lizzy: We've got a very packed session today, let’s discuss how AI and memes collide. And get this, we have not two, but three amazing guests ready to share their insights!

But before we bring them out, let me give you a sneak peek at what we have in store — today's topic is AIFi and the Future of AI-Powered Memes.

Let's meet our amazing guests now! First up, we have Ethan, the co-founder of MyShell. Ethan, the stage is yours!

Ethan: Hi everyone! It's great to be here, especially with so many familiar faces in the audience. As you might know, at MyShell, we're building an AI creator platform that empowers everyone to build and monetize AI applications. It's been incredible to see the community embrace AI assets and the exciting trading activity around them. Today, I'm excited to chat about the fusion of AI and memes and explore its possibilities together.

Aiko: Hi everyone! It's fantastic to be here. We've been having a blast internally brainstorming how memes and AI can work together, and I can't wait to share some of these exciting ideas with you all today. A big thanks to Joy from BNB Chain for joining us.

Joy: Thank you so much for having me! I'm Joy, and I oversee decentralized social and AI projects at BNB Chain. This is actually my first time interacting with the MyShell team, and I'm truly impressed by what you've achieved since launching on BNB Chain.

Question 1: How do AI and Memes intersect?

Lizzy: The meme-sphere is buzzing, and AI is rapidly evolving. Ethan, how do these two seemingly distinct worlds collide? How do AI and memes intersect?

Ethan: Great question, Lizzy! Crypto memes have come a long way, evolving from simple static images like Dogecoin to drawn characters like Pepe. But the real game-changer is the AI-generated content. Crypto makes it incredibly easy to issue meme coins, and AI image generators like Stable Diffusion give anyone the power to create unique, eye-catching visuals. At MyShell, we're developing meme-related AI apps and collaborating with communities to bring their creative visions to life.

Lizzy: AI is definitely changing the meme game! Joy, what are your thoughts on this?

Joy: I totally agree. AI is a powerful tool for meme creation on multiple levels. It can generate fresh meme concepts and visuals, break down barriers for creators, and respond to trending topics with lightning speed. Remember the flurry of memes after the recent Trump indictment? That's AI in action!

But AI's impact goes beyond creation – it also enhances the user experience. Imagine AI helping users identify promising meme tokens or even uncover deeper meanings and values behind those projects. That's the kind of impact I'm excited about.

Lizzy: Nice, thank you, Joy! Aiko, tell us what excites you the most about the intersection of AI and memes.

Aiko: For me, it's the potential of Large Language Models (LLMs) to create interactive AI meme applications. Imagine combining LLMs with image generators to produce viral meme content that's not only visually appealing but also engaging and interactive. I encourage every creator out there to explore these tools and let your creativity be free!

Question 2: How can AI supercharge meme coins?

Lizzy: We've talked about the intersection, now let's get specific. Ethan, how can AI supercharge meme coins and take them to the next level?

Ethan: AI can inject a dose of interactivity and entertainment into meme coins. Imagine static images coming to life with AI-generated stories, voices, and even videos! This transforms passive viewing into an engaging experience. We're talking about building entire worlds and narratives around these meme figures, creating deeper connections with communities.

Lizzy: That's a whole new level of meme engagement indeed! Aiko, can you elaborate on how we can create these AI-powered meme experiences?

Aiko: Absolutely! We're already seeing this happen on MyShell. One of our talented creators built a "Wojak" meme generator that uses LLMs to generate hilarious Wojak images based on user input. This is just the tip of the iceberg!

AI can also revolutionize community management and engagement. Imagine AI-powered bots moderating Telegram groups, answering questions, and even sparking conversations in a fun, engaging way. And let's not forget about tools like our "Pepe Factory," which allows users to tap into historical imagery and classic film scenes to create shareable, trending memes.

Lizzy: Wow, those are some amazing examples! Joy, what are your thoughts on AI's potential to empower meme coins?

Joy: I'm personally very interested in using AI for meme creation. At BNB Chain, we're committed to supporting promising meme tokens and building a live ecosystem. AI can play a crucial role in identifying those projects with solid teams and genuine potential.

Ethan mentioned the educational aspect, and I think that's key. AI can help users navigate the meme coin landscape, understand the risks involved, and make informed investment decisions. Ultimately, AI has the power to create more meaningful and interactive meme experiences, fostering stronger bonds between communities and their tokens.

Question 3: How can meme culture lead the AI revolution?

Lizzy: That's a powerful vision for the future of meme coins! Now, let's flip the script a bit. Ethan, how can meme culture, with its emphasis on community and rapid iteration, lead the AI revolution?

Ethan: Meme culture thrives on rapid-fire asset creation and community engagement, much like the agile, iterative nature of AI development. At MyShell, we're replicating this approach by making AI application creation accessible and community-driven. We encourage creators to engage with their audiences early on, gather feedback, and iterate based on community input. This open, collaborative spirit is at the heart of both meme culture and the AI revolution.

Lizzy: I love that parallel! Joy, what are your thoughts on the potential for meme culture to democratize AI?

Joy: I believe AI and meme culture share a common goal: to democratize content creation and revenue distribution. I'm excited to see how MyShell will leverage these synergies to build a more inclusive and accessible AI landscape.

Lizzy: Aiko, your turn, tell us more about MyShell's plans for bridging the gap between AI and meme culture.