Transcript
they forget everything.
They do all the things that need you to sign contracts,
need you to fill a form to do something with them.
And for critics, we don't rely on this process.
For example, if you want to be a GPU provider or a minor of critics,
you don't need to talk with us.
You just go to our website, go talk it up,
trying to figure out where to download our minor app.
And download that and figure out everything that works for you.
That's it.
You are already connected to internet work.
This is how our permission is to trust these works.
We don't rely on those very long process to verify those things.
We rely on code.
This is one of the biggest differences
between our project versus others.
And also, if you are a user of the core next,
you don't need to talk with us.
Say, OK, how can we hook into your API or your service?
You just need to go to our website,
or get help trying to figure out how to call this API.
If you have problems, you can reach out
to our Discord or Telegram groups as well as for here.
So this is why we think we are different from other projects.
We built our architecture software site, tech technology site,
and our community site to be decentralized
and the permission is trustless.
This is one of the biggest differences
between our project versus others.
And go beyond that.
We are, for me, when we build core next.
So by the way, I am a bit old now.
I am over 30s.
And I started in Web3 world since 2011
when I was doing some Bitcoin stuff with my laptop.
By the time, you can still get some tiny piece of Bitcoin
with CPU on the laptop.
But one year later, it's totally different.
So up there, I was working in Google for over 10 years.
And during this, I observed all the cycles of Web3 and crypto.
And I paused someone trying to bring me there
to say if we can do something there.
But I want to do some projects that can really
answer three questions.
First thing is, why is this something Web3, not something Web2?
In this particular problem, it is why is AR Web3, not AR Web2?
So core next wants to build a decentralized AR network
that with billions of nodes and with everyone
can contribute to that and benefit from that.
So this must be Web3, not Web2.
And the second thing is why core next need blockchain?
So if you go over lots of projects,
if you know a little bit of technology,
you know that you don't really need blockchain.
It's just a new set of server and everything works exactly
what they have.
But for core next, we do really need blockchain
because we need blockchain smart contract guarantee
the execution of ARTUX and also do those verification stuff.
So this is why we need blockchain.
And third question is, there's a long debate that I think
is part of it like six years ago, sorry, over 10 years ago,
that I think that's in 2017, 2016.
People were discussing, OK, blockchain is good stuff.
But why do we need crypto on top of blockchain?
So core next answer is question
because we need crypto token to build this verification process,
make sure that from the economic side, attackers
will be onwise to cheat on us.
And on the economical reason here, we also need crypto token
to incentivize our miners and builders
to bootstrap our service.
So they exactly like those famous projects
like Bitcoin, like Ethereum, like PASPAR,
what they're doing to build this really good community.
Yeah, and something that I think is a good idea
is to simplify as well is the fact
that to get involved by commissionless,
if you just have a GPU with the support in the video GPU,
then you're in business, right?
That's all you need.
Yeah, so if you want to join core next,
so first, our mission is to build really
trust example, mission is the same type of AI project.
But on the people's side, what we really want
is we have a healthy community that
grow with us actually, by the time there
the concept of us include everyone here.
So if you have GPU, you can join core next
as a GPU provider, as a miner.
And if you don't have GPU, if you want to build something,
do some web coding, we are more than happy to welcome you
to use core next as service provider
as we just launched our AI service.
Just like all those AI, we will provide
open-air compatible API and all these services
that work exactly what you see on those work too,
as AI services.
You can do exactly what exactly same thing
as you experience on those APIs.
So if you are not technical and you don't want to bring
your GPU there, keep the discussion hot.
It's also very welcome here.
So this reminds me of the early atmosphere
of the Bitcoin community.
So everyone trying to do something in this community
and trying to bring this new concept,
bring this thing that's into real life.
And gradually the company grows larger and larger
and it becomes really decentralized.
This is my vision of how Karnatius should
develop in future.
Makes sense.
And I mean, that is the way that most top-tier projects
do expand, no matter what niche you're in,
where the community really kind of takes over
and becomes a driver.
So I do like that vision.
I also got Brave here.
How are you, bro?
Hey, Travis.
Hey, Karnatius.
Hey, everybody here.
I'm doing amazing.
How are you guys doing?
Good, man.
Good.
Finally, doing a Karnatius space to break it down.
Because it's quite hard to understand.
The project?
Yeah, I think so.
I think everything that has good technology
is pretty fucking hard to understand.
I hear that.
Well, you know what?
Actually, it's one of the reasons why I wanted to talk
to get up and speak.
Because it is a difficult project to understand
as most AI, decentralized AI, infrastructure, inference,
compute type products are.
99% of people just simply do not understand it at all.
Like even when they read it, they don't understand it.
So I actually prepared like a small bullet point list
some cool things about the project
that can help people understand a bit more.
And I know Karnatius himself is actually my opinion
is to give a pretty great explanation.
And I love what we just spoke about a second ago
about how really anybody, almost anybody can essentially,
anybody, essentially can join and provide compute
and just be part of the system.
And I think that's freaking amazing.
Because that's the way the direction
of the world they were going in right now.
Like we're heading in the direction of the world
where especially where there's a limited amount
of actual newer type of like cards
and compute related machines out there that are available.
And they're not exactly catching up to demand.
It's out growing that supply by miles.
So to be able to provide an opportunity for the average Joe
that everyday person to be able to use old hardware
or not even use hardware out data hardware
to actually join in on something so technology-advanced
I think is phenomenal.
It's a really, really great project mission.
So that's really cool.
Now I just wanna say something.
I've been holding Karnatius since it started.
I believe in the team, they've been working so freaking hard
and they have more surprises from what I understand
that they may have been mentioned on this space.
I'm from New Jersey's Rubber, so I'm not gonna say anything.
And I think they're really pushing themselves
to be a really great bull run winner
for this market that we're in right now.
One thing I like a lot, this is not some new project
or TGE that we're waiting for as investors.
We're investing in a legitimate operational network,
a working network right now.
Nodes are ready to run the LM,
the BLM interference, image generation,
there's fine tuning, how many months is it now guys?
Did you guys have been actually live?
So we started a project in,
that's a January 2024.
And that's a day to that when we started our devnet,
and we started the mennet two months ago.
Got it, amazing.
All right, so, you have it guys,
it's not something that is just out of the blue
and we're not sure whether it's gonna actually launch
or not in the making anti-promises.
They legitimately have a working project
to the north for a couple of years,
the main it's been live for a couple of months.
I mean, first of all, that's a major first step
in my opinion as, especially as a fundamental
and analyst and investor of what I look for
when I'm looking to invest in the future of AI,
future of compute, right?
So in addition to that,
it's after having a live product,
they also, they do something really cool
where they have what's it called,
permissionless edge compute, right?
So that means anybody, like we said earlier,
anybody who's in the supported NVIDIA GPU,
or can join, all gaming, idle gaming PCs,
workstations, that's incredible.
That really opens up the market and the user base
tremendously to essentially being limitless, right?
And addition to that, with the actual token itself,
market capitalize, the sector that it's in,
I mean, this is a very hot sector.
It's decentralized AI infrastructure, inference
and everything goes with a compute.
And this is the type of sector that we're expecting
to go over the next couple of years
to just absolutely blow up.
And for the world as a whole,
AI in general, I think what the next decade
is gonna reshape the entire world, right?
So getting an early on these types of technology
and actually working on developing this technology,
I think is brilliant.
You know, so now like, like Travel I'd also said before,
we're talking about a project.
I think it's like just about one million market cap
and the real market circulated market cap.
That's tiny, it's nothing.
And this is not like a project
where you have to worry about crazy dilution also.
It's actually from what I understood,
when I do my analysis of the project,
the way you guys set everything up,
it's not like the, the,
you guys are releasing tons of emission,
and most of it's even locked from what I understand.
Is that correct?
Yeah, so, right, right.
Like for, like for task mining.
Sorry, was a question again.
So my question was with the actual missions in the supply,
right, we have a fixed max supply, right?
Yes.
Okay, and then most of it was like 70 or something percent
is for task mining and only releases
when, you know, actual applications
and work accumulates, right?
So that I think is incredible
because there's no worry about
any like unlocks that are happening
or crazy emissions like we see with some projects
that kill the value of it
and then all does really just for its early investors.
It creates less dilution,
which eventually will create much more demand
and that will of course equal a much higher market
at much higher price.
As soon as people really understand
what you're doing and discover you.
So, and that's pretty rare in the sector
as everybody here can probably attest to, you know?
You know, so I think that's amazing.
Your tiny valuation at the moment
makes it an amazing risk versus reward type of investment
for people like me who I might not be the most tech savvy,
but I like to learn, I like to read a research.
And the main thing is, you know,
I'm an investor at heart.
Like I'm always trying to help other people
get into early investments too
and try and like it really fits the bill
of what we're looking for for the next couple of years,
you know, at least.
So what I'm gonna do as well is try and break it down
for the average person so understand as well
because like even that tech is,
is even a little bit on me
and I've done a little bit of breaking down
using XYZ methods.
So what's pretty cool is so like what actually happens
on the network to basically explain to you guys.
So like in simple,
Cryingox is a decentralized AI compute network
connecting people who have compute in power
with the people that actually need that AI computation.
So that's what I was trying to like touch on earlier,
but I think I explained it pretty poorly,
is like you can participate in the network,
even if you just have a GPU that's in a video compatible.
And what if you do that,
obviously you're running a node,
can contribute into the GPU power
and doing that you're earning the token,
the CNX rewards.
And if I read correctly,
I believe, do you know what percentage of supply
because I read about this earlier and I've forgotten
that's actually there for the long run to be mined?
Let me check this out here.
Yeah, I think the research I just did a bit ago was like 70,
71%.
That's about what was why I was seeing as well.
I just didn't know the correct percentage.
Yeah, and now I mean circling supplies
really just under 30% right now.
So which is phenomenal for early people as well.
I wanted to add one more thing, guys.
One thing that I saw in my research that I thought was really cool
was that one of the hardest problems
is verification in this type of field
with compute and decentralized AI infrastructure and D pin.
Chronox, I don't fully understand this part yet
but sometimes come still learning.
But basically chronic uses something called VSSML.
And if I butcher any of the terminology or anything
please correct me,
which is basically ZK proof and BRF's secret sampling,
all of it basically is joined together
in order to prove work was done correctly
without rerunning every job.
And they can show it's authentic.