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BasedAI

BasedAI is an innovative Web3 platform that merges artificial intelligence and blockchain technology to create a decentralized AI infrastructure. By integrating Fully Homomorphic Encryption (FHE) with Large Language Models (LLMs), BasedAI ensures secure and private AI computations on its blockchain network. The platform leverages zero-knowledge proofs and the Cerberus Squeezing mechanism to enhance data privacy while offering governance and utility through its $BASED token.

Website Link: https://www.getbased.ai/

BasedAI – Platform Review

BasedAI is designed for AI developers, blockchain enthusiasts, and enterprises looking for a secure, decentralized AI infrastructure. Unlike traditional AI platforms that rely on centralized servers, BasedAI enables privacy-preserving computations through zero-knowledge LLMs (ZK-LLMs) and homomorphic encryption. The platform also introduces decentralized AI governance, where users can stake, vote, and participate in decision-making processes related to the network’s evolution. With cross-chain compatibility, BasedAI aims to facilitate AI-driven Web3 applications across multiple blockchain ecosystems.

BasedAI – Key Features

  • Decentralized AI Infrastructure: Secure, blockchain-based AI computation.
  • Fully Homomorphic Encryption (FHE): Enables privacy-preserving AI operations.
  • Zero-Knowledge LLMs (ZK-LLMs): Ensures confidentiality in AI processing.
  • Cerberus Squeezing Mechanism: Reduces computational overhead for secure AI models.
  • $BASED Token: Used for governance, staking, and platform utility.
  • Cross-Chain Compatibility: Interoperability with multiple blockchain networks.

BasedAI – Use Cases

  • Privacy-Preserving AI Development: Enables AI models to process encrypted data without exposing sensitive information.
  • Decentralized AI Governance: Users can stake and vote on network upgrades and policies.
  • AI-Powered Web3 Applications: Enhances smart contracts, DeFi, and NFT platforms with AI-driven functionalities.
  • Staking and Rewards: Holders of $BASED tokens can earn passive income through staking.
  • Secure Peer-to-Peer AI Transactions: Facilitates encrypted AI computations between users.
  • Investment in AI & Blockchain Technology: Provides opportunities for developers and investors to engage in AI-driven DeFi solutions.

BasedAI – Additional Details

  • Created by: Andrew Howard, Aidan Kehoe, and Matthew Higgins
  •  Category: Web3
  •  Industry: Horizontal
  •  Pricing Model: Freemium
  •  Access: Closed Source