Originally published on: November 25, 2024
In a groundbreaking move, the Decentralized AI Society (DAIS) is taking the world by storm with plans for a regulatory pilot in Bermuda and the launch of an AI venture fund next year. Michael Casey, the co-founder and chairman of DAIS, shared with Cointelegraph the organization’s mission to combat the growing threat of centralization in AI models that are rapidly infiltrating society.
The upcoming AI fund by DAIS aims to revolutionize how decentralized economic groups can efficiently raise capital without succumbing to the pitfalls of traditional venture capital models. Casey emphasized the potential role of tokenization in enabling collective ownership and growth while evading centralized control.
Simultaneously, DAIS is gearing up to pilot a cutting-edge AI regulatory model in Bermuda to establish principles that can accommodate decentralized organizations. Casey highlighted the misalignment of existing policy frameworks with decentralized systems due to their focus on centralized registration models.
Since its launch in September, DAIS has been positioning itself as a regulatory and technological influencer at the intersection of AI and Web3. The organization is poised to challenge the dominance of centralized AI developers in shaping regulatory landscapes, preparing for potential investments from industry giants like OpenAI and Anthropic.
The convergence of blockchain and AI has already garnered significant interest from crypto-focused venture capital firms, with millions of dollars pouring into AI-related startups. The future holds promise as new AI tokens like GOAT and AI16Z are gaining substantial market capitalization, signaling an exciting era of innovation and growth.
Coinbase Ventures predicts a transformative impact on the digital economy as AI and blockchain merge, ushering in a realm where autonomous AI agents seamlessly interact with humans on Web3. This strategic integration opens doors to a future where AI agents possess crypto wallets and autonomously engage in transactions to fulfill their objectives.
The fusion of AI and blockchain technology is paving the way for an evolution in the digital landscape, heralding a future where decentralized societies and groundbreaking regulatory frameworks redefine the boundaries of innovation and collaboration. Stay tuned for more exciting updates and insights from the cutting edge of AI and blockchain advancements. Subscribe to our Crypto Biz newsletter today!
