- not activated anymore
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i stopped at “We are seeking $200 million from the Mantle Network Fund and partners to accomplish a pivotal”…
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$200mln it is lots of money for AI project. Incredibly huge amount of money. What exactly cost so much?
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Hello mmarecka80 and everyone,
We understand that $200 million is a significant investment, and we want to provide a clearer picture of where the funds will be allocated.
A substantial portion of the investment will be dedicated to research and development (R&D) of the AI model. This includes the costs of hiring top-tier AI researchers, the best smart contract auditors in the market and developers, purchasing and maintaining state-of-the-art computational resources, and acquiring necessary data sets for training the AI.
Developing an AI for web3 security of this caliber requires robust infrastructure. This includes server costs, data storage, and the creation of a secure environment for development and testing.
As the AI evolves, there will be costs associated with improving its capabilities, scaling the service to meet user demand, and constantly updating the system to counter new security threats.
Part of the fund will be used to educate and engage the community about smart contract security, ensuring a proactive approach to Web3 safety.
To ensure widespread adoption, funds are allocated for marketing, strategic partnerships, and business development efforts.
Additionally, a focus on the return on investment (ROI) is key. The aim is to create a secure blockchain ecosystem, which, in turn, is expected to reduce the incidence and impact of security breaches significantly, saving potentially billions in related costs. Moreover, a fortified security posture is likely to attract more users and developers to the platform, leading to increased transaction volumes and network fees, thereby enhancing the overall value of the Mantle Network and of the web3 market.
Finally, a contingency reserve is necessary for unforeseen expenses and challenges that may arise during the development and implementation of such a complex AI system.
We believe that the long-term benefits of creating a secure, trustworthy blockchain environment far outweigh the initial investment. By investing in this project, we can potentially save billions in vulnerability exploits and foster trust and growth in the ecosystem.
I hope this gives you a better picture of how the investment will be used. If you have any questions, please let me know.
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@joebb10 In keeping with the guidelines of the forum , this discussion will be archived for the following reasons:
- The discussion has not received a comment for over two weeks.
- The post has not yet received significant support from delegates, large token holders, or core development teams.
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