Curated News
By: NewsRamp Editorial Staff
May 10, 2024
Lumerin Announces Testnet Node for Decentralized AI Compute on Morpheus Network
TLDR
- Lumerin's testnet node for decentralized AI on the Morpheus network provides a competitive advantage for businesses seeking transparent and efficient AI services.
- The Lumerin team's code contribution to Morpheus will go live in Q2 or Q3, leveraging smart contracts to control P2P data streams for decentralized AI.
- Decentralized AI democratizes access to data and intelligence, ensuring transparency, accountability, and protection of user privacy, making Web3 applications more accessible and efficient.
- Lumerin's testnet node for decentralized AI on the Morpheus network is a key step in developing applications that use AI to make Web3 applications more accessible, transparent, and efficient for consumers and businesses alike.
Impact - Why it Matters
Decentralized AI promises more transparent and accessible Web3 applications, free from biases and censorship. The launch of Lumerin's testnet node for decentralized AI compute on the Morpheus network signifies a crucial step towards achieving this vision. This development will have a significant impact on the democratization of AI access and data intelligence, promoting transparency and accountability, and creating a more equitable AI marketplace.
Summary
Lumerin, a protocol and foundational layer technology using smart contracts to control how P2P data streams are accessed, routed, and transacted, announced its testnet node for decentralized artificial intelligence (AI) compute will go live in Q2 or Q3 on the Morpheus AI network. The Lumerin team are avid code contributors and, upon seeing the opportunity represented by Morpheus, contributed codebase that was years in the making and battle-tested. Lumerin's testnet node is a key step in developing applications that use AI to make Web3 applications more accessible, transparent, and efficient for consumers and businesses alike.
Centralized AI models are more prone to inherent biases and increase the risk of censorship and monopoly. Decentralized AI on-chain democratizes access to data and intelligence and ensures better transparency and accountability with open testing benchmarks without the need to rely on flawed, centralized frameworks. Lumerin is leveraging its existing codebase to build the core node software for Morpheus, a decentralized AI network that connects users, compute providers, and personal AIs, called Smart Agents, in a seamless Web3 ecosystem. Key benefits include permissionless access to personal AIs, decentralized AI data routing, censorship resistance, crypto payments for AIs, and an AI marketplace. Lumerin's project leader expressed a vision of a future where individuals have complete control over their data and their privacy, free from the shackles of government censorship and corporate interests.
The utility of MOR token is also highlighted, being the underlying token and main asset for AI projects launched on the Morpheus network. The main utility of MOR is access to AI compute for holders and rewards for capital and code contributors. MOR can only be earned or purchased and is now available on Uniswap. Additionally, Lumerin is an open-source protocol and foundational layer technology that uses smart contracts to control how P2P data streams are accessed, routed, and transacted. Founded in 2021, Lumerin's strategic partners include Bloq, Hive Blockchain, Fenbushi Capital, and Outlier Ventures, among others.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Lumerin Announces Testnet Node for Decentralized AI Compute on Morpheus Network
