Hey everyone, my name is Chris Sinsky and I'm the founder of APIO.f fun. Right now when we go to Chat GBT, we have a big issue. Uh the issue is that Chat GBT, Gemini, Claude, all of these AI systems are built on scrape data. They basically went to Stack Overflow, Reddit, and all of the books of humanity.
They're using that data to train these models. The problem is is that the best APIs are paid to access and you can't use those APIs um to to get the best results unless you pay for them. And so what we're working on right now is twofold. So the first is that we are giving a AI access to the very best APIs so that they can return the best results. So for instance, if you're looking at healthcare data or if you're looking at stock information, you want to know that you have the perfect price or you're getting the best health care recommendations.
If you don't, you can't make a very good uh decision. The second piece that we're doing is that we're taking these data pipelines and we're tokenizing them. So that means that the API provider, the app developer, the app user and the community can all own these infrastructure tokens at the fundamental level where everyone is aligned. Right now we have over a thousand APIs in our system. They're all running on X42 and they're all accessible uh through this new system that allows us to do pay per request for each API.
Um, we've already done over 2500 API calls on the system and our first API token, which was a translation token, has already reached 2 million FTV with over $3 million traded. We're in the process of raising a seed round right now so that every app developer and API provider can be mutually aligned in the growth of AI and these API tokens. Thanks so much.
Automatic transcript — names and jargon may be misspelled.