PRESS RELEASE. DENVER, CO – Feb 28, 2024 — Lumerin, a leading player in the hashpower marketplace, and Morpheus, a decentralized artificial intelligence (AI) network, today announced a strategic partnership to develop applications that use AI to make Web3 applications more accessible, transparent, and efficient for consumers and businesses alike.
Lumerin and Morpheus Announce Strategic Partnership to Support Development of Decentralized AI Compute Power
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Press release
Why Decentralize AI?
Centralized AI models are more prone to inherent biases and increase the risk of censorship and monopoly of AI solutions. Decentralized AI, like on-chain compute power, democratizes access to data and intelligence, improves AI models through open technologies, and ensures better transparency and accountability with open testing benchmarks without the need to rely on flawed, centralized frameworks.
Morpheus is a decentralized network of personal general-purpose AIs known as Smart Agents, designed to execute smart contracts on behalf of users. These Smart Agents, connected to users’ Web3 wallets, DApps, and smart contracts, aim to make Web3 accessible to everyone. Morpheus incorporates a large language model, the SmartContractRank algorithm, and long-term memory to enhance user interactions and decision-making.
The Lumerin Protocol allows users to trade and reroute data streams using decentralized, blockchain networks and smart contracts. This enables the exchange of new assets on-chain, such as computing power used for Bitcoin mining or, in this case, AI Smart Agents.
Lumerin project leader Ryan Condron shared his excitement about the upcoming collaboration: “This partnership with Morpheus signifies a union of decentralized power — not only for the cryptocurrency industry, but for technology in general. Together, we aim to drive accessibility, transparency, and efficiency in the Web3 ecosystem.” Condron will also be speaking at Decentralized AI Day at ETH Denver on this topic.
Key Points of the Collaboration
Lumerin will leverage Morpheus’ proxy router and wallet technology to orchestrate the allocation of AI resources across its network in a secure, decentralized manner.
Lumerin’s technology will serve as the core node software and protocol for Morpheus’ decentralized AI routing technology, allowing users to purchase sessions and inferences with them through smart contracts.
About Lumerin
Lumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts. The Lumerin Hashpower Marketplace is the first DApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe. Founded in 2021, Lumerin’s strategic partners include Bloq, Hive Blockchain, Fenbushi Capital and Outlier Ventures, among others. For more info, visit https://lumerin.io/
About Morpheus
Morpheus is a decentralized AI network that introduces Smart Agents capable of executing smart contracts on behalf of users, opening the world of Web3 to a broader audience. Founded in 2023. For more info, visit https://mor.org/
For press inquiries, please contact:
Alexa Karp
Head of Marketing
Email: alexa@lumerin.io
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