2024 Narratives – AI and Web3
As 2024 approaches, Hashing It Out focuses on the narratives that will dominate the crypto conversation in the new year. In episode 40, Ethan Sun, CEO of MyShell – an open ecosystem for AI-native applications – explains how Web3 and AI will live in the future and how both industries will integrate with each other. Ethan defends why both industries can thrive without harming the other, highlighting how the combination of Web3 and AI can transform the creative economy.
In the year With trends developing in 2023, Sun says user-generated content in the artificial intelligence domain is growing rapidly as AI tools increase productivity for content creators. This increase in content creation is fueling a new creative economy that requires reward mechanisms, which MyShell's CEO believes will be enhanced by Web3.
One thing AI and Web3 share is issues with regulators around the world. Sun emphasizes that artificial intelligence platforms must address privacy concerns and the absence of regulations. The latter has led to companies blocking access to platforms in some states. Sun noted that decentralization can take away the accountability of companies and make it accessible to all, regardless of the scope of governance. Elisha Owusu Akiau, host of Hashing It Out, also pointed out that the fear of people taking over AI applications could be alleviated by more AI products supported by decentralized governance.
On the other hand, the Sun argues that Web3 regulations may be necessary due to the increase of bad actors in this area. However, he believes that regulations should not hinder access to crypto.
The sun in the new year emphasizes the importance of the relationship between creators, AI and Web3. As it becomes easier to operate without a high level of technical knowledge, the development of developers explains that AI agents will be deployed in various applications, especially on mobile. Sun added that this boom will largely build on Web3, as creators need a license-free method to trade and collaborate.
Listen to the full episode of Hashing It Out with Ethan Sun on Spotify, Apple Podcasts or TuneIn. You can also check out Cointelegraph's full line of informative podcasts on the Cointelegraph Podcasts page.
Magazine: Legislators' fear and skepticism fuel proposed crypto regulations in the US.
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