Web3 and AI's Collaborative Future: Insights from MyShell CEO Ethan Sun
Summary:
In episode 40 of the Hashing It Out podcast, Ethan Sun, CEO of MyShell — a platform for AI-native applications — discusses the prospective co-existence and integration of Web3 and AI. Sun highlights the growth in user-generated content and the potential of decentralized systems to navigate regulatory concerns. The discussion also covers the potential impact of creators, AI, and Web3 on the new year and the important role of Web3 as a facilitator for transaction and collaboration among creators.
As we approach 2024, the podcast Hashing It Out is focusing on the narratives expected to dominate the cryptocurrency discourse in the coming year. In the 40th episode of the show, Ethan Sun, the CEO of MyShell — a platform for AI-native applications — discusses the potential of Web3 and AI co-existing in the future and the possibility of their symbiotic integration. Sun emphasizes that by integrating, Web3 and AI have the capability to revolutionize the economy of creators without impeding each other's growth.
Observing the trends of 2023, Sun notes a rapid boom in user-generated content within the AI sector due to AI tools enhancing the productivity of content creators. This increase in content generation is driving a robust new economy for creators that calls for effective reward systems. Sun, the CEO of MyShell, believes that these systems will be catalyzed by Web3.
A shared hurdle for both AI and Web3 is the regulatory concerns they face globally, Sun points out. AI platforms must grapple with privacy issues and the absence of regulatory guidelines. The lack of rules has even led some companies to restrict platform access in certain regions. Sun proposes that decentralized systems can mitigate company liability and promote universal AI access, regardless of jurisdiction.
The host of Hashing It Out, Elisha Owusu Akyaw, brings up the concern that AI applications could overtake human jobs, suggesting that decentralized governance of AI products may lessen this apprehension. However, Sun counters by stating that due to the influx of malicious players in this sector, Web3 regulations could be necessary. Despite this, he maintains that such rules should not hinder access to cryptocurrency.
In Sun’s view, the interconnectivity of creators, AI, and Web3 will be crucial in the coming year. He elaborates that the surge in creators developing AI agents — which is increasingly easier to do without needing high-end technical skills — will lead to a spread of AI across various apps, particularly mobile. Sun asserts that this growth will largely be facilitated by Web3, as creators require a permissionless method for transaction and collaboration.
To hear Ethan Sun's full discussion, tune into the Hashing It Out episode on Spotify, Apple Podcasts, or TuneIn. For more insightful podcasts, browse the complete collection on the Cointelegraph Podcasts page.
Magazine Article: Lawmakers' apprehension and skepticism leads to the proposal of cryptocurrency regulations in the US.
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Published At
12/21/2023 4:07:59 PM
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