AAndrés M.
Hello Satoshiclubbers, we are glad to be here with you. Welcome to another AMA session
LLuis Merino 🇪🇸 | Satoshi Club
AAndrés M.
Today, our guests are from @NuklaiOfficial
AAndrés M.
@defimati welcome to our warm community
LLuis Merino 🇪🇸 | Satoshi Club
@defimati welcome to Satoshi Club :)
LLuis Merino 🇪🇸 | Satoshi Club
@defimati you are already an admin and you are able to speak here. Sorry for the delay
MMatthijs de Vries | Will never PM you first
MMatthijs de Vries | Will never PM you first
Thanks for having me today guys! I heard many good things about your community, so I'm very much looking forward to today's AMA and all the questions. Exciting 🙂
LLuis Merino 🇪🇸 | Satoshi Club
How are you today? Hope you have your fingers ready for a big AMArathon 😉
MMatthijs de Vries | Will never PM you first
I did some warming up prior, hopefully it's good enough 😎
AAndrés M.
How are you today? Sorry for the delay😃
LLuis Merino 🇪🇸 | Satoshi Club
Thank you for trusting in us. Hope you enjoy this session
MMatthijs de Vries | Will never PM you first
Doing really great! Been a wild few weeks, going from meeting to meeting, but all with very good results and for good things
MMatthijs de Vries | Will never PM you first
Hope everyone here is doing amazing as well
AAndrés M.
Nice words, we are glad to know that. Now, to begin with the AMA, please provide us an introduction about you and the project, please.
MMatthijs de Vries | Will never PM you first
Certainly! So about me: I'm Matthijs de Vries, based in The Netherlands, I'm founder and CEO of Nuklai. I have a background in software development since a very young age, been active in many different industries and lot of different technologies before when I was still a dev. I eventually went to work in management at a large enterprise here in The Netherlands, but after 9 years got bored with enterprise politics, discovered Ethereum and felt the calling to the industry. Eventually I met my co-founder Rachid, with whom together I founded AllianceBlock back in 2018. Nuklai has been incubated by AllianceBlock as the Data Tunnel and is now rebranded to Nuklai
MMatthijs de Vries | Will never PM you first
Nuklai is in its simplest explanation infrastructure for data sharing, collaboration and monetization. It's on the base level an L1 blockchain, with a dedicated data collaboration application layer and infrastructure on top for businesses and individuals to work together on all things data, and get fairly rewarded for it. I guess we will dive much deeper in that soon enough to learn about what all that concretely means 🙂
LLuis Merino 🇪🇸 | Satoshi Club
LLuis Merino 🇪🇸 | Satoshi Club
How big is Niklai team? Where are you guys based?
MMatthijs de Vries | Will never PM you first
We are a team of 20 people, with a big part of the team based in a shared office with AllianceBlock in Utrecht, The Netherlands. But we are quite distributed other than that, with people in LatAm, USA, and Poland to name a couple of other countries. All people in the team have multiples years working in Web3 and most have a background working with enterprises, specifically data and/or AI.
LLuis Merino 🇪🇸 | Satoshi Club
Big one! Congrats on that :p
LLuis Merino 🇪🇸 | Satoshi Club
So, do you want us to move into community questions?
AAndrés M.
Great, we are happy to know you are a global team
MMatthijs de Vries | Will never PM you first
LLuis Merino 🇪🇸 | Satoshi Club
Q1 from Telegram user @dxterr10
Within the Nuklai network, Compute Nodes and Validator Nodes play crucial roles in securing and maintaining the Nuklai network.
Can you elaborate on how these nodes contribute to the network’s decentralized computational power, and how users are rewarded in NAI tokens for their roles in providing computing resources and ensuring network integrity?
Additionally, could you provide a more straightforward explanation of the technical requirements for users to run these nodes and the amount of $NAI tokens users need to stake to operate them?
Lastly can you elaborate on the slashing penalties that can be incurred from downtime or unreliable outputs?
MMatthijs de Vries | Will never PM you first
MMatthijs de Vries | Will never PM you first
Yes so this is a multi-part answer:
- The validator nodes takes care of the sufficient decentralization of the network. So even when the distributed compute network (see it as a separate second network) finalizes work, it needs to be signed of by the validator network.
- When you have a powerful enough machine (unfortunately I don't know the specs yet: we are now going all in to finalize a testnet version of the validator network, the compute power network will follow after) you can stake NAI in order to become a node and start earning NAI when your resources are used. When you misbehave as a node, you can lose your entire stake though!
AAndrés M.
How many NAI should user stake?
MMatthijs de Vries | Will never PM you first
For validator nodes 1.5M NAI, for compute nodes 500K NAI
MMatthijs de Vries | Will never PM you first
If allowed to share a link, I have something with a lot of information about the network economics
LLuis Merino 🇪🇸 | Satoshi Club
LLuis Merino 🇪🇸 | Satoshi Club
We have more questions about NAI token, so you will be able to explain more about it
MMatthijs de Vries | Will never PM you first
I think this gives a good full overview of what the challenges and opportunities are, why decentralization in this context matters and how NAI plays a role in it: https://www.nukl.ai/resources/network-economics
MMatthijs de Vries | Will never PM you first
AAndrés M.
Let's check it Satoshiclubbers, great resource yo create your questions for 2d part
LLuis Merino 🇪🇸 | Satoshi Club
LLuis Merino 🇪🇸 | Satoshi Club
Ready for the next question?
MMatthijs de Vries | Will never PM you first
LLuis Merino 🇪🇸 | Satoshi Club
Q2 from Telegram user @charlest1997
Hello Nuklai Team
I wanna know about the utility of your native token, which is $NAI token. First of all, I can’t find any detail about the sale information of $NAI Token. So, Have you launched the $NAI token to public? If yes, Where can we buy and trade the token? With the proof-of-stake mechanism, token holders can stake the token as a validator or delegator on Nuklai ecosystem. Could you tell us what’s the reward from being a node validator and delegator? Lastly, I also saw that in order to balance the emission, 2M tokens are minted over the coming month to reward the validators. As we know, the more tokens are minted, the smaller the value of the token. So, Could you please clarify why you guys decided to mint the tokens instead of using allocated tokens from initial supply to reward the validators?
Thank you
LLuis Merino 🇪🇸 | Satoshi Club
You were born ready! Love that haha
MMatthijs de Vries | Will never PM you first
The token is pre TGE so not available on secondary markets yet. The TGE will be somewhere in March.
The utility is simple, it's a native network token. But to break it down:
- You need NAI to run a validator (staking) - both for validator and compute nodes
- You need NAI to pay transaction fees
- You need NAI to utilize the distributed compute power network
For the part about minting vs preexisting allocation: you don't know how many nodes there will be on the network. Having a massive allocation somewhere locked doesn't make much sense. Better to only mint tokens when ABSOLUTELY necessary. This is much better for the circulating supply, and also much more secure.
MMatthijs de Vries | Will never PM you first
Yeah haha let them come, more moreee
LLuis Merino 🇪🇸 | Satoshi Club
Giving utility to the token is great
AAndrés M.
How people is rewarded for provide their Data?
LLuis Merino 🇪🇸 | Satoshi Club
So it’s not just an speculation token 😉
MMatthijs de Vries | Will never PM you first
It's priority number 1 of course
MMatthijs de Vries | Will never PM you first
If someone publishes data to the platform, others can subscribe to access that data. While subscribing, they have to pay a fee. That fees trickles down to:
- The contributors (those that helped enhance the METAdata - anyone can do this! Like with Wikipedia)
- The platform (fee for Nuklai)
- The original publisher of the data
In some cases in what we call "Community Datasets", data can keep being added all the time by whomever, as long as it followes the same structure as set by the community dataset admin, can be useful for data coming from DePIN or usage data of some software that is always following the same format/structure. In that case, everyone that added data is then rewarded as well when their data was used
MMatthijs de Vries | Will never PM you first
IMO Native network tokens always have the most straightforward and easy to understand utility, like with BTC, ETH, AVAX, etc.
AAndrés M.
Thanks for the detailed explanation, would you like to add something else or can we proceed with the 3rd question?
MMatthijs de Vries | Will never PM you first
AAndrés M.
Q3 from Telegram user @Cheriemike
From your website I read that Nuklai comes with an enterprise level wallet that supports social and biometric login, banking integration, etc. First,when will the Nuklai wallet be available? And since this wallet will support biometrics,what physical features will be implemented in the app and does the Nuklai wallet support the regular 12 seed phrase recovery method? Can you elaborate on the banking integrations offered by Nuklai,how they enhance wallet functionality and what about compliance with regulatory requirements,especially in the context of banking integrations? How does Nuklai address potential concerns regarding scalability and performance, especially in handling large numbers of transactions?What measures are taken to ensure the security and privacy of user data in the Nuklai wallet?Please explain Thanks
MMatthijs de Vries | Will never PM you first
Yes, good one, this is very important actually.
To be clear, we don't develop this wallet, we announced a partnership with Brillion, they have built a smart wallet that is going to be perfectly suited for Nuklai's ecosystem. I will explain in two parts why this is important:
1)
MMatthijs de Vries | Will never PM you first
We are not building an EVM compatible network, so not another fork of Ethereum, we build something novel, NuklaiVM based on Avalanche's super new and hot HyperSDK tech.
This means we don't have any wallets that will support Nuklai blockchain out of the box, which means we need to attract builders. We are very happy that Brillion is one of the first builders that is going to commit to support Nuklai's novel tech
MMatthijs de Vries | Will never PM you first
MMatthijs de Vries | Will never PM you first
Nuklai's data collaboration part is going to attract a lot of businesses, including enterprises. But let's be real for a moment here: these businesses are not going to accept to install MetaMask. Too complex and too risky for their IT department. What if an employee leaves? They can just take the private key and thus funds with them. It's a nightmare for any IT department/policies.
So we need a wallet that is a) super easy to use (all the features meant in this question) but also b) can accommodate (optionally) for all enterprise needs so that employees' wallets can be properly managed, with spending limits and rules, extra signature requirements (as approvals) etc. etc.
Not a lot of B2B Web3 projects seriously think about this. Which is a shame. There is a lot of potential for businesses to use Web3 platforms/solutions, but they are still hindered by simple things like this. So we will be at the forefront of enterprise adoption together with Brillion
MMatthijs de Vries | Will never PM you first
I can take the next question 😄
AAndrés M.
Q4 from Telegram User @start_little
From going through your document I found that Nuklai targets even SMEs and there’s opportunity to earn rewards for those who publish or contribute data while charging those who consume data. As an SME, I want to know since the large number of people that constitutes the SMEs are not part of the web 3 and Blockchain community how do you plan to reach them and present your project in a way they can grab your concept? What kind of data do you have that an SME can consume ? Do you have any method to scrutinize the authenticity of the data uploaded on your platform? Are there any criteria to consume and upload data on your platform like holding a minimum amount of your token? Thanks
LLuis Merino 🇪🇸 | Satoshi Club
I have no extra questions for this one
LLuis Merino 🇪🇸 | Satoshi Club
MMatthijs de Vries | Will never PM you first
Actually to answer the first part, about SME adoption, the previous answer with how we approach adoption through a wallet fits perfect to this one as well. I agree completely with this, well observed, it doesn't work if they can't use familiar tech. Hence why we tend to underline this.
The second part. We are focusing now mostly on attracting new data providers. We have signed partnerships with a few, including Crunchbase, which has the biggest amount of VC and startup + investment round data in the world.
We are mostly focusing now on sectors that haven't innovated a lot on data in the past decades and are ready to make moves. We see a lot of opportunity in automotive in that regard, so we're building our network there mostly atm.
The authenticity is decided while we sign partnerships with the data providers. But data providers are also able to onboard themselves super easily, this data is now manually verified, by us, but can be done by anone. Eventually I envision a decentralized independent group of data moderators that get rewarded for verifying data, which leads to (onchain verifiable) seal of approval for verified datasets
LLuis Merino 🇪🇸 | Satoshi Club
With this complete answers I can’t make extra questions 😂😅
MMatthijs de Vries | Will never PM you first
😂😂 apologies, I can be a bit more confusing and incomplete if you wish 🤣
AAndrés M.
Agree, it's great to have such complete explanations
LLuis Merino 🇪🇸 | Satoshi Club
No please! I always dream to have guests like you haha :)
LLuis Merino 🇪🇸 | Satoshi Club
So, let’s move into the next one
LLuis Merino 🇪🇸 | Satoshi Club
Q5 from Telegram User @Coliboyyy151
Nuklai has launched a public data marketplace that plays a critical role in changing the way data is accessed, valued and leveraged. Can you provide an in-depth exploration of the operations of this market, highlighting the mechanisms in place to ensure fair access for participants of all sizes, transparent pricing structures, and efficient utilization of data? Additionally, how does Nuklai address the potential challenges of balancing accessibility and fairness in these market dynamics?
AAndrés M.
Do you have other important partnerships to announce?
MMatthijs de Vries | Will never PM you first
Let's start super simple.
Let's take it from the perspective of a large enterprise. Many of them are considering (or already experimenting with) projects around data collaboration, sharing and monetization.
So imagine they want to get started. They have immediately a huge problem: all of their data is in 50 different sources, many of it in ways that are no longer maintained because the people that built it are already retired. It's impossible to get an overview of what they already have and bring it together. Projects like this can costs hundreds of millions.
So step 1 is to utilize Nuklai's data access layer to immediately onboard all data on Nuklai's ecosystem and generalize it without moving the data itself. This is a painless and almost costless process.
Now they have an overview. But they have the next problem, in many instances they have for example a part, let's say a screw, that is known as article nr xx in one source and article nr yy in another source, but they are exactly the same part. So they need to be brought together, so you have only one source of truth. For this they can leverage Nuklai's metadata mechanisms, to start contextualizing the data so that overlap can be easily found.
Cont...
MMatthijs de Vries | Will never PM you first
They now have a strong overview and combinations between the data with overlaps.
Now they can start selecting the data that they want to share, they for sure don't want to share everything. It starts usually in a private consortium, together with partners. But they don't want one partner to run the backend services needed to get this up and running, that's where the Nuklai blockchain comes in, noone has to be designated to be responsible, everyone is collectively responsible.
Then eventually, through Nuklai's public ecosystem, they can start selecting which data they can start monetizing publicly (but here they can put restrictions on things like, someone needs to be from a specific country or region, blocking specific industries (competitors), etc. This is done thanks to integrations like NexeraID from AllianceBlock.
MMatthijs de Vries | Will never PM you first
Sorry, this was an even longer answer 😂
MMatthijs de Vries | Will never PM you first
AAndrés M.
But is perfect to get involved with the project
MMatthijs de Vries | Will never PM you first
When all the data is properly contextualized, you have an easier start to label and annotate that data for use in training new AI models, like custom Large Language Models for example. So everything is step by step infrastructure for data collaboration and AI journies
MMatthijs de Vries | Will never PM you first
ok the end for this question 😅
AAndrés M.
So data will increase the potential of AI? What is the version of your AI at the moment?
AAndrés M.
Finally, could you share us your road map? We are excited yo know what is coming
MMatthijs de Vries | Will never PM you first
Actually we are AI agnostic, we don't build our own AI. There are plenty of others out there that already do that.
In fact. last year over 6000 startups were created that do something with AI!
Isn't that crazy? Reminds me of the time when everyone could create an ERC20 and just create a new project...
Now this 6000 startups all have one thing in common: they need MORE data, waaaaaay more then we can give right now. It's a huge problem and gap, which will only get bigger the next few years. But most startups don't focus on data, the focus on what's built on top of that data.
So we take a step back and help get that data out there, with the tools to properly contextualize is so it's more usuable for AI
MMatthijs de Vries | Will never PM you first
We are actually constructing our roadmap right now, but some highlights:
- Community datasets within the next few weeks with two compeitions launching
- This quarter we can expect a very early testnet of Nuklai Blockchain
In between lot of feature updates and partnerships to announce of course
LLuis Merino 🇪🇸 | Satoshi Club
Last question for part 1?
MMatthijs de Vries | Will never PM you first
LLuis Merino 🇪🇸 | Satoshi Club
Q6 from Telegram User @wizkhalifaaa151
Given the evolving landscape of cybersecurity threats, how does Nuklai maintain the decentralized nature of its network without compromising data security? Can you outline the specific security protocols or encryption techniques employed by Nuklai to safeguard sensitive data against potential breaches or unauthorized access? Moreover, are there contingency plans in place to address and mitigate any security breaches or data leaks that may occur within the Nuklai Network? Additionally, could you elaborate on any auditing processes or third-party security assessments conducted to ensure compliance with industry best practices and regulatory standards?
LLuis Merino 🇪🇸 | Satoshi Club
Dear community, we will open the chat soon. Please prepare your questions. Nuklai team will select 10 of them. Please remember the rules ❗️❗️❗️
- Only genuine questions will be rewarded. Copied questions will be disqualified
- Read the rules here
- For Part 2 of the AMA, every user will be allowed to post maximum 3 questions. One message should contain maximum 1 question. If you post more than 3 questions, you will not receive the reward if selected. Thank you for understanding and good luck!😉
- Also, don't forget to join Nuklai (https://t.me/NuklaiOfficial) Telegram group (https://t.me/NuklaiOfficial) to be eligible for rewards
MMatthijs de Vries | Will never PM you first
So we're building on top of HyperSDK, which is very bare metal, so we build almost everything ourselves on top to have a functioning blockchain. But, it does come with the interoperability and security of Avalanche's ecosystem. Which is a big plus.
We also have recently announced a partnership with Omniscia, they are helping secure Nuklai as third party security experts.
Soon we will announce another security partnership. So yeah, we take this quite serious.
AAndrés M.
Great job, security is the key
MMatthijs de Vries | Will never PM you first
LLuis Merino 🇪🇸 | Satoshi Club
LLuis Merino 🇪🇸 | Satoshi Club
LLuis Merino 🇪🇸 | Satoshi Club
We will keep in touch to see that second security partner :p
AAndrés M.
Matthijs, thank you so much for this first amazing part. We have more community questions, it is time to open the chat for a raining of questions
MMatthijs de Vries | Will never PM you first
LLuis Merino 🇪🇸 | Satoshi Club
SatoshiClubbers! We will open chat soon. GL everyone