Upshot, which has been building AI-powered DeFi infrastructure for the past two years, announces their new Machine Intelligence Network. This network leverages a novel "Proof of Alpha" reward mechanis...
NEW YORK: Upshot, which has been building AI-powered DeFi infrastructure for the past two years, announces their new Machine Intelligence Network. This network leverages a novel "Proof of Alpha" reward mechanism to merge AI with DeFi and enable anyone to contribute and monetize their financial insights.
The Upshot Machine Intelligence Network represents the culmination of years of research and development. The network connects machine learning models to incentivize participants to share alpha around financial markets in the form of predictive models. The network’s Proof of Alpha mechanism scores the best alpha and rewards contributors based on the accuracy of their insights.
"Our mission is to create efficient financial markets for anything," said Nick Emmons, CEO of Upshot. "The Upshot MIN furthers that vision by allowing anyone to benefit from their unique perspectives on any market."
Highlights of the Upshot Machine Intelligence Network
Proof of Alpha
Proof of Alpha is the backbone of the Upshot MIN, ensuring fair rewards for network participants contributing valuable alpha such as pricing data, predictive features, and machine learning models. This system rewards participants based on the quality and accuracy of their contributions.
The Upshot Machine Intelligence Network opens myriad possibilities for DeFi applications, from creating manipulation-resistant index funds to offering advanced AI-powered strategies for tokenized vaults and liquidity protocols. This network is not just a technological advancement but also a step towards democratizing markets.
About Upshot
Upshot is a decentralized AI platform enabling efficient financial markets for anything. They combine their experience building novel crowdsourcing infrastructure and industry-leading ML models to create a scalable, self-improving network of collective machine intelligence. They’re backed by some of the biggest funds in the industry. Upshot is based in New York City, though their team hails from around the world.
Contacts Greg Larson
Upshot
greg@upshot.xyz
Fonte: Business Wire
Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…
G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes
Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries
Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…
Red Hat, the world's leading provider of open source solutions, today continues to deliver customer choice in enterprise AI with the introduction of Red…
#ATS--IMVARIA Inc., a health tech company pioneering AI-driven digital biomarker solutions, today reported results from multi-site clinical experiences…
Clover, the world's smartest point-of-sale solution, under parent company, Fiserv, today announced the launch of Clover Hospitality by BentoBox at the…
Grant Thornton, one of America’s largest providers of end-to-end audit, assurance, tax and advisory services, announced today the launch of a new, proprietary…