NEXUS Startup Competition Pitch - Blink AI - TOKEN2049 Singapore 2024

what does blink a do so we are a generative AI Launchpad uh this is a statement from about a decade ago when a16z said that software is eating the world and now we see AI is eating software uh web three activity is booming most people who come into the space are typically dabbling with fungible non-fungible tokens initially then they want to build more complex applications a lot of non-technical people get in the space who are intimidated by smart contracts the different ecosystems which are out there it's all pretty tribal it's difficult for a rust developer to become a solidity developer it takes a long time to do something like that uh and we're essentially trying to solve that so our idea is generative AI can solve the problem U building in web3 is difficult to begin with but there generative AI is going to come to the rescue and uh we can actually solve the problem for most people who want to launch something in AI so uh these are just some of the statistics that you've seen from uh reports from Alchemy and um Electric cap as well um typically there's a drop off rate about 3/4 of the people that try to build something in web 3 they find the process too intimidating um they drop off less than 1% typically in a bare Market of the developers are equipped or even know how to build in web3 uh there's all like I said uh centralization and fragmentation as well in the ecosystem what blink is essentially trying to do is wrap all of that around a text prom so the way that you would uh use chat GPT cloud or any of the other AI tools what if you wanted to what if you could wrap all of that building a smart contract generating liquidity creating a bonding curves if you were to launch an nft collection generating images for it attributes metadata water all of that could be wrapped behind a text prompt if you're too lazy to even type uh we have a flow where you can actually click through the entire process and build that application and then what if uh if you didn't want to do that we're going to enable voice as well so you can go from voice to any of these um experiences within web3 so what we essentially do is uh we have ai in the front end and all the user has to do is type the intent either type the intent or pick what they want to do if you wanted to launch a token our first product is a token Launchpad where you type uh the your intent on whatever token you want to build and then AI takes care of all the rest from right from building the smart contract to building the landing page and then it'll guide you the process of setting up liquidity so you can take your tokens and go straight to a DEX or you can set up your own bonding curve and specify a threshold at which you want to go to aex and at that point uh the AI agent will actually put the liquidity on aex as well so for the user it's going to look like um you wanted to set up a nft collection and then I can guide you through the process if you wanted to set up your own Bing Market that's another product we want to release later this year or you want to create like a fair launch doc theme token that's all that the user sees and then AI takes care of all the complexities in the back end so what have you built so far this is what the interface looks like for anyone that's going to come into the system we're right now in Clos beta we have two modes the turbo mode is for someone that wants to launch something within less than 90 seconds so we show video as well time permitting on how you can launch a token or an nft collection within 90 seconds the craft mode is someone who wants to spend more time actually pray on with the AI they want AI to explain exactly what's being built and then you can go through that mode this is experimental and then AI actually builds everything for you and explains how everything works uh this is what it looks like once you actually build a token you get a landing page uh you can see a bonding curve you can uh set up your own bonding curve the AI will build a bonding curve for you and then you can specify what type of bonding curve you want whether it's logarithmic or it's a linear bonding curve the slope of the bonding curve we going to have ai agents here as well so you'll get recommendations on Buy sell you can set up up with wallets if it's 10 agents or 100 you can Define that later and then they can do the trading on their behalf on the wallets and you're Off to the Races uh the opportunity is pretty big just token launchpads and these are pretty Dent launchpads are making millions of dollars a day uh these don't offer any type of customiz customizability you got to bring your own IM is if you're doing a more serious project you got to create your own landing page you got to do a ton of other things uh so there's a plenty of opportunity just in the token the fungible token space obviously nfts you know once the bull markets around there's opportunities there as well and prediction markets are pretty big and uh you know we allow people uh to build that as well so from a road map perspective what we have right now is the token Launchpad where you get a AI generated um frontend page you can customize your bonding curves uh the open Beta which we're going to open this week is available for all evm chain for about Sorry Seven evm chains and Solana so you don't need to worry about uh you can change your mind at the last minute you can take your token deployed to salana don't have to worry about how it gets deployed the actually generates everything sets up the barer deploys it on radium uh later this year early next year we're going to set up Dy nft and prediction Market use cases so anyone can come in and behind a text prompt I just click through the same ux that you're going to see and uh essentially dep any of those applications and then next year we'll have richer experiences we'll have a marketplace where you can pick from any of the existing front ends customize it through text prompts and do more complex use cases like decks and uh Landing markets as well so uh that's about it I want to try to go through a video real quick on what you build so you can I can explain to you what the experience looks like all right so this are landing page that we built so you can actually go here and look for everything whether it's a token or what you want to do uh you can type what chain you want to deploy token on all you have to do is what typee of token you're going to build uh you get modes it's a chill mode Ser you're going super Deen uh AI will write the description of the token for you it'll create all the social handles as well or you can bring your own handles and then you click the generate button uh within 30 seconds or so AI is essentially going to build everything it's going to create a landing page it's going to create the smart contract uh it's going to deploy everything you just have to sign off in your wallet uh we support embedded wallets as well so you can buy an non-ramp and buy tokens and deploy from this there you get token image Banner description and then it creates a project and essentially it's deployed um once it's deployed you can look at the lining page you can make adjustments to the text to the images you can go play with the AI keep regenerating images you can set up your bonding curve if you want to put liquidity on a bonding curve or you can go straight to Dex this is where you can actually customize how your bonding Curve will look like and at what market cap you actually want the liquidity to go toex once that's set up uh you essentially go and publish it and at this point you have a lining page which you can share with your friends the landing page will come with a buy sell button so you never have to worry about uh the deck itself you'll see something like this where anyone can come and trade prediction markets are going to look same as well Buy sell you'll see what the prediction Market is doing like nfts we're going to do the same thing a generated images uh metadata and then uh attributes as well so open to questions I think I'm on time I'm curious we've seen um obviously open AI kind of lead the charge in terms of what is possible they've spent probably billions of dollars and now we kind of have more specialized models are you using on the back end a chat GPT AI are you building your own models yeah so we've uh experimented with we use CLA and openi at the moment uh we have used Alama models as well 80 billion model parameter models for image generation we use Dolly but we want to allow people to pick any model so we'll support like Google's model and they can pick which model they want to use depending on the results uh longer term we building our own model which is trained on Smart contract so we'll have one model actually generating the code the second model auditing the code and you'll get an audit report as well so the idea is here's the audit these are all the potential vulnerabilities if you're building some something more complex and if you want to do a manual audit you can take that and do a manual audit but the idea is one model generates the code the second one actually checks the code those will be models that we'll build on uh open see the mistal 117 billion parameter model or a llama 80 billion parameter model those are more cost effective you can run those on a single H1 100 um right now uh with kind of the the state of the product like the output is relatively deterministic um you have ai to make like you know descriptions or websites as far as the longer vision goes of like let's say launching something more complicated like a convex or a Cino or a DEX or something Innovative like that uh do you think it's feasible with the error rates of AI and the the higher Stakes of a protocol like that yeah yeah so that's the reason why we are spreading this out right so right now you can do simple use cases like tokens nfts uh we are going to use a lot of pre- audited smart contracts for these um as you get into some of the more complex models we have the craft mode which can explain everything and we can show where it's attributed from so when you go to the craft mode it shows attributions it tells you what parts of the code were added by the generative Ai and it can show you potentially what vulnerabilities are there so that's where the second model will come in it will tell you hey you may have a re-entrancy problem over here these were all the places where something like this got hacked and then you should get an udit done so that's until I think the the models are getting better last week if you saw opening I released strawberry which has reasoning capabilities so I think in a few years we'll get to that point where you can actually generate something you know U really cool that hasn't been done before I don't think we're there yet so uh we're starting off with simpler use cases and our goal again is anyone who comes in within a minute you should be able to launch nft collection you should be able to launch a decks most 90% of the decks are typically Unis swap forks with a different front end like we can generate those types of front ends paed to uh unisoft code and then you can you off the races with the deck so those are some of the simpler use cases the craft mode will actually explain the code it will tell you an attribution Factor show you which parts are actually gen generated and then you know you'll get the audit report as well so that's the approach that we are taking I'm curious what's your view on like the the maybe three-year vision for this or even like twoyear vision for this like you see people is it mainly launching I I guess why would a DEX launched on this like win or a product launched on this win generally is the idea to make it simple for anyone to be able to to ex exactly yeah yeah so there was a great podcast by IIA recently so he said uh you know our industry gets a lot of flack for building too much infrastructure so he said a few years from I believe in that is humans will be building infrastructure AI will build all the apps so 3 years from now ideally people are coming and launching dexas and bending uh I'm sorry Landing boring protocols and we have uh you know 800 side events for apps that launch on blink AI awesome I think that's all the time we have thank you all right thanks