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Effect.AI

Effect.AI a decentralized network for artificial intelligence-related services. [1][2]

History

Effect.AI was founded in 2015 and is headquartered in Amsterdam, North Holland. [1]

Effect.AI first launched a dApp on the NEO blockchain in late 2017. The project’s main online marketplaces, Effect Force, which connect artificial intelligence developers to paid contributors launched in beta mode at the end of June 2018. [3]

Effect.AI has developed a decentralized model for data annotations with the aim of helping companies kickstart their AI initiatives and build and monetize AI algorithms. Microtasking on the platform supports a ‘global supercomputer’ that can power the GPU-heavy deep learning frameworks built on top of the TEN protocol.[2]

Since late 2017, more than 2 million data annotations have been created on the Effect Network. Effect.AI has also partnered with entities such as the United Nations and the Government of Singapore for pilot projects involving issues such as disaster/flooding prediction and relief. [3]

Move From NEO to EOS.IO

In February 2019, they announced they will be migrating onto EOS.IO, having previously been hosted on the NEO blockchain. Effect.AI fully migrated operations and EFX tokens over onto EOS.IO at the end of April 2019. On April 30, 2019, Effect.AI opened its token swap for their token holders to swap their tokens from NEO to EOS; over 1,000 swaps were made within the first 24 hours and over 80 million EFX tokens swapped in total. [4]

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Effect.AI

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August 18, 2022

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