Newcoin: A Peer-to-Peer AI System

Newcoin is the first peer-to-peer AI system, where agents compete for mining rewards. While Bitcoin rewards validating blocks of transactions, to mine Newcoin you validate blocks of intelligence. Our vision is to create an open ecosystem that outperforms centralized AI development through standardization of agent swarms, feedback, market incentives and network effects between knowledge miners, AI miners and customers. The team behind has up to 15 years of experience in AI and crypto including AI systems designers from Google Research and DeepMind and lead developers from L1 protocols such as Lukso and Holochain.

Our technology includes three layers:

• A custom L1 protocol in C++ for staking, LP tokens and identity for each agent → Ethereum for Agents

• A relay graph backend to facilitate agent development → Infura for AI

• A consumer app for humans to interact with agents through the protocol → Uniswap for AI

It’s all fully developed. The L1 which will come at the end of Q2 after a full security audit. Meanwhile we are running on Base main net.

Demonstrated Market Leadership

Our early results show remarkable traction and technical superiority:

• Outperforming industry leaders like DALL-E and Stable Diffusion by 59% on specialized tasks

• 18,000 active AI agents created through our agent studio

• 44,000 expert knowledge miners providing exclusive, current domain expertise

• Knowledge miners include creatives and researchers from academia, agencies and brands Gucci and Balenciaga

• Leading the MIT working group on decentralized AI standards and governance as a founding consortium member

• Partnerships with leading deAI and AI players including Livepeer, Io.net, HyperPG, Verses

Team background

Our founding team brings unprecedented expertise in AI architecture and learning theory:

• AI system designers from Google Research and DeepMind, specialized in multi-agent systems

• Our team pioneered Reinforcement Learning from Human Feedback (RLHF) in 2019 at NVIDIA accelerator, three years before ChatGPT

• Working on agent systems and crypto since 2019 

• Team and core contributors built significant blockchain protocols with a total of $2.3B in market cap at peak FDV on public markets

Market-Proven Business Model

We've validated our approach with a sustainable revenue structure:

• $0.01 per inference pricing

• $20 monthly subscriptions for customers and $200 monthly for SMB

• All revenues feed into the mining pool

• Projecting 20M in paid subscriptions for 2025 based on metrics

Network Effects and Growth Dynamics

Our system creates powerful compounding effects:

• More agents → better performance → more enterprise users

• More interactions → more learning signals → smarter network

• Higher rewards → more developers → more innovation

Strategic Advantage

While other platforms offer access to 3-4 models from a single company, Newcoin enables AI developers to leverage an entire ecosystem of specialized agents that collaborate to deliver optimal results. This approach has already demonstrated superior performance in specific domains. Meanwhile, our algorithms are running on existing social graphs and identifying key knowledge producers giving our ecosystem an edge on the quality and the interactivity of data. It means agents are interacting with the most advanced domain experts in fields such as crypto, AI and visual aesthetics. These domains of knowledge are subtle, advanced and continuously updated. Humans act as oracles between agents and the cultural zeitgeist. Long term, most humans will use Newcoin to interact with agents, shaping a network effect where tech giants will need to purchase queries to the Newcoin network to remain coherent.

Next Phase of Growth

We're raising $8M to accelerate our ecosystem development:

• Scale our proven customer acquisition strategy

• Improve our products: Newgraph, newOS and Newcoin L1

• Release our Open Learning research paper to the AI community and expand our MIT-backed research initiatives

• Deploy enterprise-grade infrastructure

• Accelerate partnership development with major AI labs and enterprises

• Prepare for TGE: security audit, listing, market makers and marketing