Please introduce yourself and Multiverse.
Hi, everyone, my name is Cliff Szu, co-founder of Multiverse. I’m originally from Stanford with my degree in Computer Science and an Economics minor degree. I originally worked at IBM in A.I. and led mobile engineering at a Google-acquired company.
Our project is backed by from Matrix Partners, Huobi Ventures, Arrington XRP, Fenbushi Capital, etc. Our founding team is also from Stanford University and worked at Google, Twitter, Intel, etc.
We all worked in the centralized world at companies like Google and saw how powerful A.I. was becoming, and also how incredibly centralized it was.
Everything is controlled by a few big companies.
Can you tell us what “Multiverse” and “Planets” mean?
So Multiverse is like the universe of projects within our platform. It enables individuals and organizations to build dApp projects on our decentralized machine-learning platform in a low-code environment with minimal technical barriers to entry. These projects by third party developers are called Planets.
Each Planet project has its own token, product, DEX, economy, governance, leadership, and inflation/deflation rates, all initially determined without code and is then automatically translated into Multiverse smart contract code.
The main token of the Multiverse is the AI token (symbol: AI), which will be listed on KuCoin very soon.
I have come to know that we can stake on Multiverse. How can we participate in it?
Stakers are one of the three main groups in Multiverse. We have stakers (token holders), founders (developers), and citizens (workers).
If you have Multiverse tokens (symbol: AI), to stake you just look through the projects in the Multiverse. There are already quite a few from the community that are very diverse and interesting.
Multiverse uses machine learning to help you find projects that you are interested in. Once you find a project you like, you can stake your AI tokens with two clicks.
All of the project’s information is public, visible, and locked into smart contracts, including founder stake, vesting, and lockups, so everyone has the same data to make fair decisions.
One important note is that founders cannot spend your staked tokens. You are only locking it into the Planet’s liquidity pool.
But founders’ own stakes go up in value if people believe in their projects and stake on them.
Who do you compete with? What does the industry landscape look like?
Multiverse’s vision is to allow promising individuals and groups, regardless of location, race, education, coding skills, or banked status, to become builders and develop Planets to make an impact. There aren’t very many players, if any, that have our combination of staking, working, and building for A.I. projects. If you know of anyone, I would love to know more :)
Here’s some data that is easy to find: the global artificial intelligence market size was valued at USD 62.35 billion last year and is expected to expand at a compound annual growth rate (CAGR) of 40.2% from 2021 to 2028. So the A.I. space is growing faster than almost any other market and we expect this to accelerate, not slow down.
Eventually, everything will be powered by A.I., similar to how everything has electronics in it today.
It’s described as the last invention humans will ever make, because eventually A.I. will be making inventions for us. Not sure how true that saying is, but it’s thought provoking.
What are the most significant market opportunities in the A.I. or blockchain space from your perspective?
I think there are large communities of people who are smart and have great potential, but who don’t have the opportunities to work in A.I. or blockchain (which I think are two of the most promising industries)
We’re trying to connect this enormous potential talent pool to the demand side of the market.
I read about Google’s former AI Ethics researcher, Gerbu
she met a student in Africa who couldn’t even afford to pay for the SAT test… she paid for him, and he got a scholarship to Yale. There’s so much potential out there and we are going to help connect it and dramatically increase the number of people participating in blockchain and A.I.
So I think the potential of bringing more people into blockchain is really the greatest opportunity. Blockchain is about network effects, and the more people we bring in, the stronger we all become.
(that’s why we want to lower the barriers to entry on our platform)
Why did you choose to partner with KuCoin?
Well my first exchange experience was with KuCoin… We love KuCoin! KuCoin is a highly reputable crypto-exchange with a highly active and engaged community.
We actually have A.I. agents examining the different communities in crypto and KuCoin’s is consistently one of the most engaged communities.
KuCoin Win is a really interesting way to widely distribute tokens to a broad audience. Why not make it fun, right?
Multiverse is all about bringing blockchain A.I. to the people, and a wide distribution to KuCoin’s diverse and global userbase using the new KuCoin Win platform is a perfect fit for our vision of a new decentralized global community.
KuCoin community questions
Lately most projects on the Crytocurrency space are characterized by serious security issues. What steps have taken to ensure that security is not an issue here?
Ok there are just so many great questions…
So our team comes from a distributed enterprise software background. Our CTO was one of the 5 inventors of Google Gmail. As you know, Gmail has never been hacked and even has been adopted by the US government and militaries.
We take security very seriously and it’s the first thing we think about besides making things easy to use
Does your great project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?
Stakers are the heart of the economy in the Multiverse. There are no requirements for stakers besides having any amount of Multiverse AI coins to stake.
If you can’t afford to buy coins, you can actually just earn them by doing work as a Citizen. This includes collecting data for training A.I., marking up images, or doing user testing for developers.
We really mean it that anyone can stake.
Most are DEX not easily usable, struggle with liquidity, do not provide fiat payments
Will Dex Exchanges come forward to solve these problems?
Multiverse DEX solves almost all of these issues. Usability is key. Using some DEXes today requires a computer science degree, which is not good for broad adoption. I always think, would my neighbor or a different generation be able to use this stuff? Relying on arbitrage for liquidity is also somewhat slow and problematic. We are solving that usability hurdle. The offramp issue… well, stay tuned!
Are you planning to promote your project in different countries, where English is not good? Do you have a local community for them to better understand your project?
This is a great question. It’s absolutely essential for Multiverse to work globally. We are very driven on expanding in Southeast Asia and Latin America. We are actually hiring people on the ground as we speak. If you listen to our podcast (linked in our telegram: https://t.me/multiverselabs ) we talk about how more diversity in data makes more effective A.I. systems. So it’s about opening up new markets to blockchain and also improving results for our 3rd party developers.