Quoth is an Artificial Intelligence NFT indexing protocol, API, and on-chain oracle B2B service
It was in the height of the Dotcom bust that everyone was making money – loads of it – you couldn’t lose – just close your eyes, slam the buy button and wait a week. Euphoria only lasts as long as the money printers let it be, “free markets,” right? After the dust settled, most companies went broke, as they were built on lies, hope, and greed. But some came out of that mess. Sound familiar?
Fast forward 22 years. The crypto space has had similar cycles, but none bigger than the last “covid’ year where the emergence of trillions of free-printed dollars was scattered carelessly across the globe and put into risky assets, mainly stocks and crypto and as the smoke cleared once again, most vanished as quickly as they were created. When are we going to learn?
Like 1998’s Yahoo, Quoth has re-created the ‘Google’ oracle of NFTs, set to trailblaze the entire fractured NFT sector. Like all new technology, it can quickly get replaced if teams are not nimble and innovative. Quoth has taken relatively complex technology and has made it simple to tackle the challenge at hand: NFT search, fraud, and scam prevention.
Planning to index every NFT in existence, its AI team of engineers has already cataloged 80% of all EVM NFTs, which are where most of the valuable NFT collections reside. From that index, machine learning will take over, continuing to pull associated data from NFTs, cataloging them accordingly. This also enables users to easily search for NFTs. No longer needing to know exact names of artists or collections, users can perform Google-like searches on Quoth, opening up opportunities for more interest-based minting while new collections are given visibility.
Quoth will be using a unique staking methodology – instead of the regular farm-like staking. It has been partnering with major NFT collections such as SupDucks, meshing communities together that help train the neural nets of the AI system for deeper self-learning and advanced searchability. In plain English – if you are a part of the selected NFT collections, you will be able to beta test and train its system while receiving Quoth tokens in rewards. And if that doesn’t impress you, they will be offering artists a chance to stake a token in return for advertising keyword rights like Google’s AdWords. The more you stake in the LP, the greater visibility the keywords you bid on will show up. More LP – well, you know what that means.
Launching for live trading February 23rd, 1400 UTC (9 am EST) on PancakeSwap, be sure not to miss this ‘Google’ oracle of NFTs.
About Quoth.ai
Quoth is an Artificial Intelligence NFT indexing protocol, API, and on-chain oracle B2B service. Anyone can use the Quoth APP to search for, authenticate, and bridge any NFT. Protocols, NFT marketplaces, and other projects can use the Quoth API and oracle services for data and originality authentication of any NFT in existence.
$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. Quoth’s liquidity will be farmed using an innovative model for advertising using liquidity staking. Quoth’s chain agnostic nodes – “Ravens” will be operated by independent node operators. Anyone can run a Raven node to receive authentication and search fees. Ravens and neural net trainers work together to organize the data necessary for the AI to curate and thus give the oracles the necessary NFT information to maintain an index and authenticate NFT protocol API for Defi and Web3.
Source : bsc.news
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