Chainbase’s Chris Feng on Constructing the Open Information Layer for AGI

Within the unstable world of cryptocurrency, on-chain knowledge reigns supreme. However harnessing the huge quantities of data generated on numerous blockchains is not any small feat. Chainbase, the world’s largest omnichain knowledge community, goals to sort out and resolve this exact same situation.

Based in late 2021, Chainbase is dedicated to making a unified ecosystem for blockchain knowledge, leveraging AI to empower builders and tasks. With over 15,000 builders and eight,000 venture companions already on board, the platform is experiencing speedy development and is backed by distinguished traders together with Tencent Funding Group and Matrix Companions.

We sat down with Chris Feng, Co-founder and COO of Chainbase, to discover the platform’s mission, its modern Crypto World Mannequin, and the way forward for AI within the crypto area.

1: Might you elaborate on Chainbase’s core mission of constructing an omnichain knowledge community and the importance of constructing the crypto world mannequin? How do these elements contribute to the broader crypto ecosystem?

Chainbase, which we launched in late 2021, is all about unlocking the large worth hidden inside on-chain knowledge. We see it as one big, interconnected world community. Our Chainbase Information Community offers folks the instruments they should work together with and course of this on-chain knowledge. In simply two years, we’ve constructed a thriving neighborhood of 15,000 builders, 8,000 venture companions, and dealt with nearly 500 billion knowledge calls.

Our knowledge community is constructed on 4 key layers:

• Information Availability: An open door for each on-chain and off-chain knowledge to come back in.
• Consensus and Execution: This makes certain knowledge processing is environment friendly and everybody can see what’s taking place.
• Manuscript Interface: This permits for knowledge to work collectively throughout totally different chains, trains AI fashions, and allows you to get knowledge in real-time.

We’re additionally engaged on one thing actually thrilling: the Crypto World Mannequin. Consider it as a super-smart AI, type of like GPT, however particularly for crypto. It takes high-quality on-chain knowledge and turns it into insights you’ll be able to truly use. It’ll even plug proper into good contracts, making them manner smarter and higher at making selections.

I really imagine we’re simply scratching the floor of what knowledge can do. It’s not nearly having it; it’s about utilizing it to drive actual development. Identical to Transformers modified the sport for AI, our crypto world mannequin will change how we take into consideration on-chain knowledge. It’ll turn into its personal factor, one thing you’ll be able to simply plug into good contracts. Chainbase’s knowledge community and this world mannequin are on observe to turn into important instruments for everybody within the decentralized AI world. It’s the subsequent huge step in how we use knowledge.

2: How does Chainbase successfully combine AI into its knowledge community to extract significant insights and improve consumer expertise?

The crypto world is constructed on a mountain of blockchain knowledge that’s rising each second. It’s full of data and hidden alternatives. At Chainbase, we’re continually digging into this knowledge, organizing it, and summarizing it so it’s simpler for folks to grasp. However there’s an enormous hurdle: How will we make sense of all this hidden data with the instruments we now have now?

That’s the place our Crypto World Mannequin is available in. We’re constructing it proper into our knowledge community. It’s designed to take tons of on-chain info and switch it into clear, dependable intelligence. We’re utilizing superior algorithms and tapping into the facility of our neighborhood to ensure the information is stored non-public, robust, and clear. We’re mainly boiling down all that crypto data right into a particular matrix that any Web3 venture can use.

Our AI mannequin offers you outcomes you’ll be able to belief by taking a look at crypto patterns and determining why issues occur. It combines a strong language mannequin with a particular crypto-focused one. And with one thing referred to as Retrieval-Augmented Era (RAG), it connects to real-time knowledge from all chains and an AI that reads the web, so that you at all times get the most recent, most dependable information. Customers may even construct their very own AI fashions for particular duties utilizing our framework.

We’re satisfied that our AI capabilities would be the way forward for on-chain intelligence. We’re speaking about clear, reliable data for everybody in Web3. Chainbase is right here to push the crypto world ahead by bringing AI and blockchain collectively.

3: What units Chainbase other than different knowledge platforms within the crypto area?

Chainbase is totally different as a result of we’re actually centered on the individuals who work with knowledge: the scientists, the engineers, and the apps that depend on knowledge. We give them the fundamental instruments they should course of knowledge and make it straightforward for anybody working with AI and knowledge to make use of our platform.

Additionally, we’ve constructed our system to work throughout a number of blockchains and allow you to course of knowledge in versatile methods. We’re even engaged on setting requirements for the way crypto knowledge is processed so we will unlock much more worth from it.

4: How do you handle the challenges of knowledge accuracy, reliability, and accessibility in such a dynamic and complicated market?

In a market as fast-paced as crypto, ensuring knowledge is correct, dependable, and straightforward to get to is an enormous deal. Right here’s how Chainbase tackles these challenges:

• Information Accuracy: We use a two-part consensus mechanism. Eigenlayer retains our processing nodes safe, whereas Cosmos CometBFT makes certain the information that comes out is appropriate, so there’s no room for any humorous enterprise. We additionally use token rewards to encourage builders to present us top-notch knowledge processing packages and maintain enhancing them.
• Information Reliability: Our Information Accessibility Layer is fairly modern. It lets us mix on-chain and off-chain knowledge into one decentralized knowledge lake that anybody can entry. We use fancy tech like zero-knowledge proofs and a particular consensus mannequin to ensure the information’s integrity and trustworthiness.
• Information Accessibility: Chainbase brings collectively knowledge from a number of totally different chains, so you’ll be able to entry it multi functional place. This makes it manner simpler to search out and analyze knowledge throughout totally different blockchains. We additionally promote open requirements and supply robust APIs, so Chainbase works nicely with different platforms and instruments. And our execution and consensus layers are constructed for velocity, so that you get the information you want shortly, even for real-time purposes.

5: How is Chainbase tailoring crypto knowledge to successfully handle the distinctive question varieties and data necessities of builders?

In huge crypto purposes like DeFi, SocialFi, and Gaming, knowledge can get siloed, making it arduous to question and get helpful insights.

Chainbase solves this with a modular system that grows together with crypto purposes. Builders can choose and select totally different modules to construct their very own customized knowledge processing workflows.

We additionally reward contributors for arising with distinctive question necessities, constructing a community-driven data base. By bringing collectively cross-chain knowledge, providing a single entry level, and utilizing a versatile, incentive-driven mannequin, Chainbase makes knowledge querying and processing a complete lot simpler for builders within the crypto world.

6: What’s Chainbase’s imaginative and prescient for the long run? How do you see the platform evolving by way of knowledge capabilities, AI integration, and market enlargement?

Our huge aim is to turn into the go-to open knowledge layer for the age of Synthetic Normal Intelligence (AGI). To get there, we’re centered on just a few key issues: making on-chain knowledge extra obtainable, getting extra folks within the crypto world to make use of it, and easily integrating AI capabilities.

First off, we have to set up a consensus that places knowledge on the middle. Excessive-quality, standardized knowledge is essential. We’re working arduous to outline on-chain knowledge requirements and ensure knowledge processing is clear and reliable.

Subsequent, we need to velocity up crypto adoption by making knowledge simpler to make use of. Chainbase is all about making knowledge worthwhile and accessible to everybody. We’re doing this with standardized schemas, pure language indexing, multidimensional labeling, and AI integration.

Lastly, AI integration is a significant focus for us. Information is the gasoline for highly effective AI. Identical to we’ve at all times supported the trade with fundamental knowledge instruments, we’re now constructing AI options particularly for crypto. We’re creating particular basis fashions and integrating them proper into our knowledge community. It’ll be like public Wi-Fi for AI, letting builders, tasks, and customers faucet into its energy simply. We need to rework on-chain knowledge from simply info into actionable intelligence, bringing AI and blockchain knowledge collectively.