cointelegraph.com Open in urlscan Pro
104.18.197.52  Public Scan

Form analysis
3 forms found in the DOM

<form novalidate="novalidate" class="py-4 rounded-xl newsletter-subscription-form_k9oQq" data-ct-widget="newsletter-subscription-form">
  <p class="!mt-0 text-xs font-semibold leading-4 text-fg-primaryDefault ps-4 pb-1 sm:text-sm newsletter-subscription-form-enjoy_uvMCq">Explore more articles like this</p>
  <p class="!mt-0 text-base font-semibold leading-5 text-fg-inverted ps-4 pb-1 sm:text-lg newsletter-subscription-form-title_7jvjJ">Subscribe to the Finance Re<span>defi</span>ned newsletter</p>
  <p class="!mt-0 text-xs leading-4 text-[#98A4AA] ps-4 pe-1 pb-3 newsletter-subscription-form-description_wtZv+">A weekly toolkit that breaks down the latest DeFi developments, offers sharp analysis, and uncovers new financial opportunities to help
    you make smart decisions with confidence. Delivered every Friday</p>
  <div class="flex me-3 newsletter-subscription-form-image_FGyNw">
    <div class="relative self-end flex justify-end items-start w-20 sm:w-28 h-0 sm:h-28"><img src="https://s3.cointelegraph.com/storage/uploads/view/9eae0e798df83a1530d957f23cb4573e.svg" decoding="async" fetchpriority="high" loading="lazy"
        class="absolute sm:static bottom-0 h-20 w-20 sm:w-28 sm:h-28" pinger-seen="true"></div>
  </div>
  <fieldset class="inline-flex px-4 flex-col gap-2 sm:gap-2 sm:flex-row sm:items-center newsletter-subscription-form-fieldset_FaYGX"><input placeholder="Email Address" name="email" type="email"
      class="flex-grow py-2 ps-3 pe-2 outline-none border border-[#48575D] rounded-lg bg-bg-invertedStrong text-base text-white placeholder-[#66747C]g disabled:bg-transparent disabled:text-[#98A4AA] hover:outline-none newsletter-subscription-form-input_HCPZH focus:border-border-primaryMuted"><button
      type="submit" class="flex items-center justify-center min-w-48 shrink-0 bg-fg-primaryDefault hover:bg-fg-primaryStrong dark:text-black rounded-lg px-4 py-2 text-uiMDefault gap-2 gap-none" data-ct-theme="dark"><!----><span
        class="capitalize">Subscribe</span></button></fieldset>
  <p class="!mt-2 mx-4 inline-flex text-[#98A4AA] text-xs newsletter-subscription-form-tos_lBW2V">By subscribing, you agree to our <a target="_blank" href="/terms-and-privacy">Terms of Services and Privacy Policy</a></p><!---->
</form>

<form novalidate="novalidate" data-testid="footer-subscription-form" class="footer-subscription-form mb-6 md:mb-8 mx-5 tablet:mx-0" data-v-ed1b37b6="">
  <div class="footer-subscription-form__wrp" data-v-ed1b37b6=""><label for="footer-subscription-form-input" data-testid="footer-subscription-form-label" class="visually-hidden" data-v-ed1b37b6=""> Email Address </label><input
      id="footer-subscription-form-input" type="email" placeholder="Email" data-testid="footer-subscription-form-input" value="" class="input footer-subscription-form__input" data-v-ed1b37b6=""><button type="submit"
      data-testid="footer-subscribe-submit-button" class="btn footer-subscription-form__btn" data-v-ed1b37b6=""> Subscribe </button></div><!---->
</form>

<form autocomplete="off" data-testid="search-input-mobile-submit" class="container header-mobile-search-form" data-v-66e3094c=""><button type="submit" class="btn header-mobile-search-form__btn" data-v-66e3094c=""><span class="btn__wrp"
      data-v-66e3094c=""><span class="btn header-mobile-search-form__magnifier-icon" data-v-66e3094c=""></span></span></button><label class="header-mobile-search-form__label" data-v-66e3094c=""><input placeholder="Search" type="text" name="query"
      data-testid="search-input-mobile" autocomplete="off" autofocus="autofocus" value="" class="input header-mobile-search-form__input" data-v-66e3094c=""></label><button class="btn header-mobile-search-form__btn" data-v-66e3094c=""><span
      class="btn__wrp" data-v-66e3094c=""><span class="btn header-mobile-search-form__cross-icon" data-v-66e3094c=""></span></span></button></form>

Text Content

$

BTC $94,665 -3.09% ETH $3,453 +3.11% BNB $646 -1.92% SOL $239 -4.91% XRP $1.45
+4.04% TON $6.26 +2.65%
 * 
   English
 * Advertise
 * About

News
Bitcoin
Ethereum
Altcoins
Blockchain
Business
Policy & Regulations
AI
NFTs
DeFi
Adoption
Markets
Market News
Market Analysis
Top 10 Cryptocurrencies
Calculator
Heatmap
Rankings
Price Indices
Memecoins
Crypto Exchanges
Magazine
People
Top 100 2023
Top 100 2022
Top 100 2021
Top 100 2020
Opinion
Expert Take
Interview
Learn
Research
Crypto Bonus
Podcasts

Ad
Dr. Richard Blythman
7 hours ago


IT’S TIME TO REDESIGN DEVELOPERS’ INCENTIVES

Rethinking AI developer motivation, and moving beyond financial rewards. 

317 Total views
2 Total shares
Listen to article
5:22

Opinion
COINTELEGRAPH IN YOUR SOCIAL FEED
Follow ourSubscribe on

 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 

Opinion by: Dr. Richard Blythman, co-Founder at Naptha.AI.

Since the breakout moment of generative artificial intelligence in 2022, there
has been talk about AI and crypto technologies as the perfect pair, with one
solving the critical issues of the other.

It has been proposed that AI’s proliferation of fake images can be solved
through blockchain verification and that protocol threats can be detected with
AI. Despite heightened interest and experimentation in both fields, the
“AI-blockchain killer use case” remains elusive. Many ambitious AI blockchain
projects have faltered.

Despite the countless AI-crypto companies that have come and gone in the past
two or so years, hardly any have stuck. That is not because the products weren’t
valuable or good ideas. The critical issue these companies and their senior
teams face is in two parts. Firstly, convincing AI developers to spend their
time developing on a specific network is essential. Secondly, they should be
incentivized to stay, and keep working, once they’re on board. 

To solve these problems, people who seek to avoid the fate of these failed
ventures need to reassess their perspective on what incentivizes AI developers.
It’s time to stop thinking about the financial rewards and start thinking about
how their technology might change the world. 


MISGUIDED INCENTIVES IN DECENTRALIZED AI 

Incentivization aligns user behavior with product goals. A financially driven
rewards structure works well in traditional crypto sectors and consumer Web3
products, but not so much for AI.

Crypto was built as an alternative to TradFi. AI wasn’t envisioned through the
same financial lens. Financial rewards don’t work in AI because they do not
resonate with AI developers’ core motivations. 

AI developers are pure technologists who believe they’re on the bleeding edge of
a seismic societal shift. What they’re building will inform the future, so they
do what they do, not to get paid. If they think they’re creating infrastructure
that’ll influence the world economy, much like we saw with Web2, the marginal
financial gain through tokenomics is likely not an enormous appeal.


ADVERTISEMENT

SAVE UP TO $1,000 ON SWAPS, BUY CRYPTO WITH 50% OFF FEES, AND SHARE A $5,000
PRIZE POOL—JOIN CHANGELLY BLACK FRIDAY! 

Ad

Recent: ai16z token rockets 50% after nod from top venture firm

AI developers are also notably skeptical of crypto’s shill side. It has an
unfortunate reputation for being a center of scammers, with almost 40% of
Americans not at all confident in the trustworthiness of cryptocurrencies,
despite only 7% ever having traded any. The reputation of crypto as volatile,
with the potential for scams, makes it unappealing to many AI developers, who
generally view their work as too essential to be subject to infrastructure
failures or security breaches.

In this sense, financially centered incentives are not just ineffective — they
may even deter AI developers if they are the central selling point.


FROM COMPENSATION TO CONTRIBUTION

AI developers view their work as a calling that influences society. They seek to
be part of history, gaining recognition by contributing to significant
technological advancements. Innovation thrives in settings that promote
idea-sharing and collaboration. Financial remuneration can and should exist, but
not at the forefront as per crypto projects.

Shifting the narrative from immediate financial gains to the broader
implications of their work can attract developers to invest their talents in
decentralized projects. To build a robust team of developers for the right
reasons, move away from tokenomics and financial incentives that often alienate
talent and create a culture of collaboration with a clear vision and values and
meaningful engagement opportunities.

That is a unique differentiator in itself in an industry that’s both saturated
and calling for change.

Token-based incentives have proven effective in traditional blockchain projects,
where financial motivation drives both developer and user engagement. In these
environments, token rewards align well with the goals of contributors who are
invested in the economic growth of the ecosystem. This assumption, however,
falls short when applied to the field of AI development, where developer
motivations are fundamentally different. 

For decentralized AI to succeed, it’s time to create more effective incentive
structures. 

Traditional token-based rewards misunderstand what drives AI developers and risk
derailing promising AI-blockchain partnerships before they can mature. These
incentive structures can include those that emphasize collaboration,
recognition, and long-term societal impact, all essential to meeting the unique
motivations of the not-yet-tapped AI development community. 

Decentralized AI can position itself as a transformative movement by emphasizing
purpose-driven incentives, such as collaboration, recognition and a shared
vision for societal change.

Decentralized AI harnesses two of the most significant technological innovations
of modern times. The global blockchain AI market is expected to reach $3.718
billion by 2033.

This decade is up for the taking.

Dr. Richard Blythman worked as an ML engineer in Big Tech and as a postdoctoral
AI researcher at university. He is an early innovator in AI/crypto, co-founding
Algovera in 2021. He is a co-founder and the chief scientific officer of
Naptha.AI, a platform that orchestrates multiple AI agents to optimize
performance and drive innovation.

This article is for general information purposes and is not intended to be and
should not be taken as legal or investment advice. The views, thoughts, and
opinions expressed here are the author’s alone and do not necessarily reflect or
represent the views and opinions of Cointelegraph.

Explore more articles like this

Subscribe to the Finance Redefined newsletter

A weekly toolkit that breaks down the latest DeFi developments, offers sharp
analysis, and uncovers new financial opportunities to help you make smart
decisions with confidence. Delivered every Friday


Subscribe

By subscribing, you agree to our Terms of Services and Privacy Policy


 * #Technology
 * #AI
 * #Tokens
 * #Developers
 * #DeFi
 * #Cryptocurrency Investment


Add reaction
Read more
 * Rumble to spend up to $20M on Bitcoin in new treasury strategy
 * ad
   How RWA unlocks new opportunities in the $700B reinsurance market
 * What is the real potential of The Open Network (TON)?

Ad
Editor’s Choice
 * Justin Sun has just become Trump crypto project’s biggest investor
 * Pump.fun's memecoin freak show may result in criminal charges: Expert
 * Make Ethereum feel like Ethereum again: Based rollups explained
 * Ex-partner tosses $716M Bitcoin wallet, says ‘tired of hearing about it’
 * Who cares about $100K? 5 Things to know in Bitcoin this week

Cointelegraph YouTube Subscribe

Ad
Ad
Ad
Advertise with us
Ad Take back your safety in Web3

Web3 Antivirus does not endorse any content or product on this button. While we
aim at providing you with all important information that we could obtain,
readers should do their own research before taking any actions related to the
company and carry full responsibility for their decisions.

News
 * Bitcoin
 * Blockchain
 * Ethereum
 * Altcoins
 * Business
 * Policy & Regulations
 * AI
 * NFTs
 * DeFi
 * Adoption

Features
 * Top 100 2023
 * Top 100 2022
 * Top 100 2021
 * Top 100 2020
 * Magazine
 * Analysis
 * Opinion
 * Hodler’s Digest
 * Expert Take
 * Top 10 Cryptocurrencies
 * Market Analysis
 * Interview

Market Tools
 * Market News
 * Bitcoin Price Index
 * Ethereum Price Index
 * Bitcoin Cash Price Index
 * Litecoin Price Index
 * Ripple Price Index
 * Monero Price Index
 * Memecoins
 * Heatmap
   Partner
 * Calculator
 * Solana RPC

Learn
 * Learn
 * History of Crypto

Industry
 * Research
 * Podcasts
 * Press Releases
 * Events
 * Cointelegraph Accelerator
 * Changelly
   Partner
 * Switchere
   Partner
 * iGaming

About us
 * Franchise
 * Advertise
 * About
 * Widgets
 * Newsletters
 * Contacts

Are you a journalist or an editor? Join us
 * 
 * 
 * 
 * 
 * 
 * 

MOBILE APPS

COINTELEGRAPH NEWSLETTER
Email Address Subscribe
Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest
crypto news and analyses on the future of money.
FOLLOW US
 * 
 * 
 * 
 * 
 * 
 * 

Terms of services and Privacy policy
© Cointelegraph 2013 - 2024


Cointelegraph.com uses Cookies to ensure the best experience for you.

Accept