Originally published on: November 25, 2024
The Decentralized AI Society (DAIS), a groundbreaking non-profit organization bridging the worlds of blockchain and artificial intelligence, is gearing up for big moves. According to Michael Casey, co-founder and chairman of DAIS, the society is planning to launch a regulatory pilot in Bermuda and establish an AI venture fund next year. This strategic approach is aimed at combatting the growing centralization in AI models that is rapidly transforming society.
The AI venture fund is set to revolutionize traditional venture capital models by exploring decentralized economic strategies to effectively raise capital. Tokenization is expected to play a critical role in enabling collective ownership and growth while ensuring decentralized control, as explained by Casey.
Additionally, DAIS is looking to pioneer a new AI regulatory model in Bermuda to establish principles that can accommodate decentralized organizations. Traditional policy frameworks focused on centralized registration models are insufficient to regulate decentralized systems, prompting DAIS to take the lead in redesigning the regulatory landscape.
Formed in September, DAIS is positioned as a key player in guiding policy decisions and technological advancements within the realm of AI and Web3. The society aims to provide an alternative to centralized AI developers like OpenAI and Anthropic, who are increasingly shaping regulatory frameworks in their favor.
The convergence of blockchain and AI has attracted significant interest from crypto-focused venture capital firms, with investments in AI-related startups reaching $213 million in the third quarter of 2024. The emergence of Agentic AI as a prominent theme for liquid token investors underscores the growing significance of AI in the crypto space.
Looking ahead, the fusion of AI and blockchain is expected to revolutionize the digital economy by enabling autonomous AI agents to interact freely with humans on Web3. Coinbase Ventures predicts a future where AI agents will have crypto wallets to autonomously transact and engage with humans and other agents to achieve shared objectives.
In a rapidly evolving landscape where AI and blockchain technologies intersect, DAIS is leading the charge towards decentralization and innovation. Stay tuned for more updates on the groundbreaking initiatives spearheaded by DAIS to shape the future of AI and blockchain.