TBook and BytePlus: Pioneering the Futures of Web3 and AI with TBook Incentive Layer
TBook Incentive Layer
In the BytePlus Web3 Festival during recent Dubai TOKEN2049, the TBook team introduced the TBook Incentive Layer, which aims to optimize incentive efficiency for token economies.
TBook is built as the incentive layer between commerce and blockchains. It leverages its incentive passports, on-chain attestations and other protocols to meet the complex incentive demands from projects and communities in different stages and scenarios.
TBook and BytePlus
BytePlus, the technology solutions subsidiary of ByteDance, made a strong presence at the recent TOKEN2049 event in Dubai. As a venue host, BytePlus showcased its commitment to empowering companies and services in the web3 space.
As the enterprise technology arm of ByteDance, BytePlus has taken steps to move towards web3 space in recent years. The company has reportedly launched a joint venue to combat fraud with blockchain and AI.
BytePlus as an enterprise solution, provides integral products for builders, such as AI recommendation systems and CDN. As mentioned by one of the most well known founders in the Web3 industry, “Integrating BytePlus’s cutting-edge AI recommendation signifies a leap toward enhancing user experience within Web3 platforms and socialFi projects.”
The two teams recognize the potential of impact that a partnership can bring. With BytePlus, TBook is able to scale up the infrastructure for a much larger user crowd, at the same time greatly boost the user experience. And for BytePlus, TBook has provided a gateway for its business to access a highly active decentralized society. Most importantly, the collaboration brings the possibility of boosting the efficiency of AI.
The Progress of TBook
Recently TBook has launched a series of services that aims at bringing a one stop solution to optimize the overall token incentive efficiency for web3 projects. TBook grants each user in the society an incentive passport to manage their incentive footprints and incentive assets. TBook also digitalizes their impact by using the WISE Score, an index aggregating a user’s multi-dimensional contribution that helps projects to better understand their communities.
In less than six months since its launch, TBook Incentive Layer has already achieved some remarkable results.
Over 1.1 million TBook Incentive Passports have been minted.
And over 2.4 million credentials have been verified within TBook.
A total of 35 million USD in digital incentives assets is going to be allocated through TBook Incentive Layer.
Beyond these achievements, the TBook Incentive Layer will also launch an incentive marketplace to better meet the liquidity incentive needs of the primary market.
The Vision of TBook and BytePlus
The partnership of BytePlus and TBook has enabled both teams to form a vision of a decentralized future.
TBook Incentive Layer has enabled a new way of gaining insights of users through the utilizations of decentralized data. The strength of web3 technologies include but not limited to trust, security and transparency.
Building Highly Efficient Token Economy
In web3, each application or service is strongly bonded with a certain economic model. Majority of the services are bonded with one or more tokens. In the vision of TBook and BytePlus, any community member should be incentivized for their creation and activities.
The token economy can be enhanced by advocating competition among communities. BytePlus and TBook envisioned that a scaled up incentives marketplace will be the core playground for such competitions.
Harnessing the Power of Data
TBook’s mission to support an inclusive and cooperative data network aligns with BytePlus’ ethos of empowering users through accessible analytics. BytePlus’ data warehouse (ByteHouse) infrastructure serves as the backbone for TBook’s calculation service, providing effective data harnessing tools and real-time insight capabilities.
The fusion of Web3 and AI creates a potent synergy. AI’s opacity is countered by crypto’s transparency, and AI’s need for data is met by blockchain’s secure storage and tracking capabilities. Yet, despite many attempts to merge these technologies, a major breakthrough remains elusive.
As was mentioned in a recent tech article by Vitalik, “The most challenging to get right are applications that attempt to use blockchains and cryptographic techniques to create a singleton.” The underlying blockchain infrastructure has limitations in providing an efficient environment for AI.
The TBook team believes that the incentive protocol is critical for building AIs more efficiently and safely. Together with TBook Incentives Layer, there is a high possibility that developers, data vendors and AI providers will be able to work in a data sovereignty protected, highly collaborative way.
About ByteHouse
ByteHouse is BytePlus’ state-of-the-art data warehouse that specializes in equipping businesses with the tools to manage and analyze data efficiently. Our commitment to innovation ensures that our partners have access to the latest in analytics technology.
About TBook
TBook is the incentive layer between commerce and blockchains.
TBook has created a new incentive paradigm through its innovative incentive passport and identity attestation, with a mission towards massive web3 adoption.
TBook has created a new incentive paradigm through its innovative incentive passport and identity attestation, with a mission towards massive web3 adoption.
