Quoth AMA Transcript

“Redefining NFT ownership through infrastructure”

Stephanie (BSC.News)

Hello everyone and welcome to the AMA with Quoth! Today we have Chris from Quoth joining us to talk about their exciting platform. Great to have you here Chris 😊

Chris | Quoth, Inc.

Hello

Stephanie (BSC.News)

Welcome! So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you beforehand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway. Sounds good with you?

Chris | Quoth, Inc.

Lets gooo!

Stephanie (BSC.News)

Great, so to kick things off, for those who may be unfamiliar…

1. Please introduce yourself and the team behind QUOTH.

Chris | Quoth, Inc.

I’ve been in crypto since basically the first month of crypto, I saw bitcoin at 80 cents, so you could say I have been in the space for a long time. I’ve been thinking of NFTs since 2017, so even before the term NFT came around… I used to call them “digital assets”. Since then I’ve been working on developing a protocol that brings NFTs to the next level by offering authentication, proof of originality, and as well as boosting the mainstream adoption of real-world assets in the crypto space. For the last year my partners and I have joined forces and put together a fantastic team, and we are more than proud to bring Quoth to you in the next weeks.

Stephanie (BSC.News)

oh wow. you have quite a long crypto experience. Thank you for that intro!

2. What is QUOTH Arena and what’s the vision and mission of your team?

Chris | Quoth, Inc.

Quoth is a NFT infrastructure project, an all-chain NFT authentication oracle complete with AI and machine learning search, mint and bridge SDKs and APIs.

Our artificial intelligence is in the process of indexing every NFT in existence into comprehensive data sets, so far we are almost done indexing all NFTs on OpenSea, which covers at least 80% of all NFTs in existence. The platform offers a Google-like NFT search using everyday semantics combined with machine learning, for example, users can type “blue kitten” and the results will contain all NFTs, images, videos or audio that contain a blue kitten in any form. Instant oracles will offer authentication and suggested behavioral NFT buy lists. In addition, the platform offers all-chain fractional bridging.

Stephanie (BSC.News)

Okay neat, so to dive even deeper into that

3. What are your platform features?

Chris | Quoth, Inc.

NFT search and authentication: we are creating a google-like semantic search, where you can type in any words and you can find whatever NFT will be indexed from those words. Right now this is not possible, you can’t search on google like this, let alone find the type of NFT you are looking for. Quoth is indexing every single NFT out there. After we index every NFT in existence, our search engine will be complete and ongoing, and it will be easier for anyone to search any NFT, and check out its history, metadata, everything. For the authentication process, our AI verification engine will compare the incoming originality requests with the index and generate an originality score.

SDK or API plugins for all NFT platforms and wallets: All platforms will be able to plug to our API or SDK, allowing its users to verify the originality of the NFTs they are buying. Through our API, platforms can securely bridge NFT assets to other networks and access a wider range of collectors.

Multichain bridging: Users can wrap their NFTs from one chain to all other chains. Once the originality of the NFT is verified, it will be locked in a Quoth contract, and will be minted on other EVM compatible blockchains.

Stephanie (BSC.News)

Awesome and thank you for all that information! let’s unpack a bit and talk about your token

4. Can you tell us about $QUOTH and how are they used in the platform? Can you give us some tokenomics behind it?

Chris | Quoth, Inc.

$QUOTH is the native token of the protocol that’s used to support the network of API nodes. It rewards users for neural net training, bridging, and authentication.

Among the token use cases we have:

Supply:

* User rewards for rewards for neural net training and IA results feedback

* Rewards for running on-chain oracles used to serve API endpoints

* Rewards for bridge staking

Demand:

* Payments for access to API’s across chains (Chainlink & TheGraph model)

* Bridging fees

* Staking to secure the bridge

Stephanie (BSC.News)

Okay nice!

5. Please tell us about the benefits and advantages of using QUOTH

Chris | Quoth, Inc.

One critical thing that is missing in the NFT space is authentication. NFT jpgs are just the beginning, and already there have been multiple times when artworks have been minted by random people instead of the artist. Quoth will bring proof of authenticity and originality. This will be essential once there’s mainstream adoption from real-world cases, such as blueprints being replaced by NFTs

These are some of the use cases of the project:

Wallets and marketplaces verifying NFTs to ensure authenticity and originality.

Collectors get true market rates of NFTs rather than floor prices.

Marketplaces authenticating NFT projects for pre listing to ensure authenticity.

Collectors bridging assets to all chains to gain access to deeper liquidity and yields using popular defi protocols.

Platforms securely bridging NFT assets to other networks to access a wider range of collectors.

Owners looking to maximize returns by fragmenting the original NFT into NFTs on multiple chains.

Future use case as NFT licensing mechanism replacing traditional copyright with a crypto native solution.

AI recommendation engine for NFT appraisals and similar for sale options algo.

Stephanie (BSC.News)

Okay neat! So let’s talk about NFT validation because NTF validation something that I found to be really interesting

Chris | Quoth, Inc.

Yes

6. Can you explain how all data pertaining to NFTs are validated in your project?

Chris | Quoth, Inc.

Basically the core of the project is the index, where we are collecting all the data of every single NFT on every single chain, but it also has an AI and neurolink analysis of what the content of those NFTs is. Initially it checks the format, image, video, audio, and then dissects it down to what the content of it is, like is it a rabbit? what’s in the background? are there single elements like feathers or leaves? what color is the fur of the rabbit? It scans all the pieces that are not part of the metadata, and it performs a full analysis of the NFT. This means you can get the originality score, so once you’re searching for NFTs, it will provide you with their originality score.

The data then will be processed and tagged and processed by the AI, identifying the type of data (image, video, audio, text etc.), performing semantic image description, image-to-text, sound-to-text, video-to-text services and creating a database, ready for reverse image, video and audio searches.

Stephanie (BSC.News)

That is very amazing

7. Where are you on the roadmap?

Chris | Quoth, Inc.

We are right on schedule regarding the roadmap, we are about to launch the IDO and at the moment we have indexed about 80% of all ETH NFTs, so we are definitely on time in reference to the roadmap. In the next few weeks we will launch the MVP, followed by the integration of our API on different marketplaces.

Stephanie (BSC.News)

Great! last but not least

8. Any exciting news you would like to announce here today?

Chris | Quoth, Inc.

Our IDO is live at the moment, here are the details:

IDO

Oxbull: 21st Feb from 16:30: Tier-1, 22nd Feb from 12:00 to 13:30: Tier 2 and Tier 3

Redkite: 23rd Feb 12:00

And you cant participate in the IDO, we will be listing on Pacakeswap DEX tomorrow, February 23 at 2pm UTC

Stephanie (BSC.News)

How exciting!!  Would you be able to provide us with social media links so that our community could follow?

Chris | Quoth, Inc.

✨Website:

✨Telegram:

✨Twitter:

✨Medium:

✨Instagram:

✨LinkedIn:

⚡️Tiktok:

✨Facebook:

Stephanie (BSC.News)

Awesome! If you haven’t already make sure to go and check out Quoth everyone! Super exciting project that you don’t want to miss out on 🙂

Source : bsc.news