Inventory of 6 Encryption Projects Joining NVIDIA Inception Program

NVIDIA's GPUs and AI chips dominate the training of AI models. After releasing its financial report for the first quarter of this year, Nvidia became the first chip company with a market value of more than $1 trillion, and the seventh company to unlock a trillion-dollar market value after Meta, Amazon, Microsoft, Alphabet, Apple and Tesla .

What projects in the encryption market are associated with Nvidia? NVIDIA has a business incubation program - NVIDIA Inception, which aims to support and accelerate start-ups in the field of artificial intelligence and data science, providing start-up companies with resources including technical guidance, deep learning training, hardware and software support, marketing and business network and support.

Flux

Flux is a blockchain network whose consensus is adapted from the "Proof of Work" mechanism, and plans to launch the "Proof of Useful Workload" (PoUW) mechanism in the third quarter of this year.

Miners in Flux dedicate GPU hardware to securing the network, and in return, miners also earn block rewards. At the same time, miners can use their GPU mining machines for computing-intensive tasks, such as artificial intelligence, deep virtual detection, rendering, etc., to generate additional income. Miners can automatically switch between mining and performing PoUW tasks on demand, optimizing profitability.

Flux joined the NVIDIA Inception program in January 2022. Flux also uses the NVIDIA Jetson edge artificial intelligence platform module as a node in the Flux network in its own computing network.

As of June 16, Flux’s native token, FLUX, had a market capitalization of $120 million.

i

i has developed a decentralized computing resource market where users can buy and sell computing resources, turning cloud computing capabilities into commodities. Users can obtain on-demand GPU computing resources from multiple providers through the iCloud Marketplace, which is especially important in fields requiring high computing requirements such as artificial intelligence and deep learning.

The project will join the NVIDIA Inception program in October 2022, hoping to gain expertise and experience in GPU computing.

i issued a token RLC, with a current total market capitalization of $104 million.

Shapeyard

Shapeyard has built a set of interactive content creation tools for Metaverse to create 3D digital assets and introduce digital assets into the Web3 economic system, allowing users to exchange and integrate the 3D digital assets they create between virtual spaces. The development company behind it, Magic Unicorn, is a New York-based venture capital studio that also develops software in the fields of computer graphics, mobile artificial intelligence, and augmented reality.

Shapeyard has a mobile app that includes a variety of 3D models, texturing tools and a 3D marketplace model. Using a "what you see is what you get" approach, it is able to generate digital assets through simple placement and color filling, and the application also allows designers to import the created models into 3D printing software.

Shapeyard joined the NVIDIA Inception program in October 2022, hoping to integrate its own products into the NVIDIA Omniverse platform to build 3D digital assets and export scenes with a common scene description file framework.

Currently Shapeyard's NFT casting and trading functions are under development.

dotmoovs

dotmoovs is a Move to Earn project to create a world where athletes, coaches and fans can compete together. dotmoovs' AI system will detect the user's body, evaluate body movements one by one, and score them. In addition, dotmoovs also provides AI-driven coaching to help users improve problems in sports.

dotmoovs joined the NVIDIA Inception program in June this year, hoping to shape the future of sports through cutting-edge AI solutions.

dotmoovs issued a token MOOV, with a current total market value of $4.81 million.

Don't drive

Kondux has built a feature-rich platform that combines blockchain technology with 3D assets, enabling users to view, create and deploy digital assets. Users can customize and view 3D kNFT through the 3D viewport, buy, sell and trade in the NFT market, view their own assets in the form of AR objects through the XR viewer, upload their own digital assets and create NFT or kNFT using the NFT minter , as well as viewing NFTs in a 3D NFT gallery environment by connecting the wallet.

Kondux will join the NVIDIA Inception program in September 2022, and NVIDIA Omniverse-related hardware and software will provide Kondux with the tools needed to enable high-level API connections to create interoperable 3D assets, manufacturing models, and machine learning applications.

Kondux issues NFT and ERC-20 tokens KNDX. The current total market value of KNDX is $1.94 million.

Ubex

Ubex is a platform that uses blockchain and artificial intelligence technology to improve the digital advertising industry, aiming to provide more efficient, transparent and accurate advertising solutions. It connects publishers and advertisers through a decentralized advertising ecosystem, and ensures the verifiability and security of advertising transactions through smart contracts.

Ubex joined the NVIDIA Inception program in June 2018, hoping to leverage NVIDIA's extensive knowledge in data science to enhance learning techniques for neural networks.

Ubex issued the token UBEX, but the current total market value is only 154,000 US dollars.

Summary

Among the above projects, Flux and i, which trade GPU computing power, have developed relatively well. With the development of AI, there may be demand for a decentralized GPU computing power market. However, there are not many joint points between metaverse, NFT projects and GPU, and the value has also returned significantly in the current bear market environment.

It should be pointed out that there are a large number of projects joining the NVIDIA Inception plan, and there may be omissions. It does not mean that these projects have in-depth cooperation with NVIDIA. Investors need to carefully judge the risks by themselves.