Quick take:
- Republik is using AWS AI and machine learning to bring a fresh perspective to content and user interaction analysis.
- The new model is meant to promote content that attracts quality interactions rather than focusing on just popularity.
- The AI then calculates rewards based on the quality of content, with creators whose content attracts meaningful and authentic interactions earning more.
Republik, the Singapore-based SocialFi platform leveraging artificial intelligence to promote the production of quality content has launched a new AI-powered model for rewarding creators.
The platform will now use AWS AI and machine learning to calculate rewards based on the quality of content. According to the announcement, Republik seeks to bring a pew perspective to content and user interaction analysis.
According to Republik, the new reward system is designed to recognize and compensate creators and users based on the substantive value they contribute to the community.
The new model emphasizes the promotion of content that attracts quality interactions rather than focusing on just popularity. The AI then calculates the rewards, with creators whose content attracts meaningful and authentic interactions earning more.
“Aside from the use of AI for content recommendations, RepubliK’s approach focuses on evaluating the depth and quality of user interactions, enabling it to assess the depth of interactions to determine the quality of the content,” Republik wrote.
“This strategy is designed to enhance the user experience by emphasizing content that promotes quality interactions rather than simply chasing popularity. The AI’s role extends to calculating rewards based on the content’s quality, ensuring a more authentic and meaningful engagement.”
Republik’s deployment of AI models to promote the production of quality content marks another intersection of artificial intelligence and blockchain technology, taking a different perspective to the more popular use cases in generative AI and blockchain security.
The platform also said it is launching a layer-2 solution as it pursues its vision of becoming a multi-chain platform, with plans in place to fully integrate the new solution by the second quarter of 2024.
Republik secured a seed round of $6 million at a valuation of $75 million in October 2023. The company is backed by some of the leading Web3 venture firms and technology companies including OKX Ventures, 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma3 Ventures, Define Ventures, and Enjin, among others.
In December, the company integrated Fireblocks‘ institutional-grade wallet as part of its commitment to improving user security on Web3.
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