Inventory of 6 encryption projects joined in NVIDIA Inception program

6 encryption projects in NVIDIA Inception program inventory.

NVIDIA’s GPUs and AI chips dominate AI model training. After releasing its Q1 earnings report this year, NVIDIA became the first chip company to surpass a market value of $1 trillion and the seventh company to achieve this market value milestone after Meta, Amazon, Microsoft, Alphabet, Apple, and Tesla.

Which projects in the cryptocurrency market are related to NVIDIA? NVIDIA has a startup incubation program called NVIDIA Inception, which aims to support and accelerate startups in the fields of artificial intelligence and data science, providing resources and support, including technical guidance, deep learning training, hardware and software support, marketing, and business networking for startups.

Flux

Flux is a blockchain network whose consensus is adapted from the “proof of work” mechanism and plans to launch a “proof of useful work” (PoUW) mechanism in Q3 this year.

Miners in Flux use GPU hardware to secure the network and earn block rewards as a return. At the same time, miners can use their GPU mining machines for compute-intensive tasks such as artificial intelligence, deep virtual detection, rendering, etc., creating additional revenue. Miners can automatically switch between mining and on-demand PoUW tasks to optimize profitability.

Flux joined the NVIDIA Inception program in January 2022, and Flux also uses NVIDIA Jetson edge AI platform modules as nodes in its own computing network.

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

iExec

iExec has developed a decentralized computing resource market where users can buy and sell computing resources, turning cloud computing power into a commodity. Users can obtain GPU computing resources from multiple providers on the iExec cloud market on demand, which is particularly important in areas with high computing requirements such as artificial intelligence and deep learning.

The project joined the NVIDIA Inception program in October 2022, hoping to gain professional knowledge and experience in GPU computing.

iExec has launched a token called RLC, with a current total market value of $104 million.

Shapeyard

Shapeyard has built an interactive content creation toolset for the metaverse to create 3D digital assets and bring them into the Web3 economic system, allowing users to exchange and integrate their created 3D digital assets between virtual spaces. Its development company, Magic Unicorn, is a New York-based venture capital studio involved in software development in computer graphics, mobile AI, and AR fields.

Shapeyard has a mobile application that contains various 3D models, texture tools, and 3D marketplace models. Using a “what you see is what you get” approach, it can generate digital assets through simple placement and color filling. The application also allows designers to import the models they create into 3D printing software.

Shapeyard joined the NVIDIA Inception program in October 2022, hoping to integrate its product into the NVIDIA Omniverse platform to build 3D digital assets and export scenes using the Universal Scene Description framework.

The NFT casting and trading functions of Shapeyard are currently under development.

dotmoovs

dotmoovs is a Move to Earn project that aims to create a world where athletes, coaches, and fans can compete together. The AI system of dotmoovs detects the user’s body, evaluates limb movements one by one, and scores them. In addition, dotmoovs also provides AI-driven coaches to help users improve their problems during exercise.

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

dotmoovs has launched a token called MOOV, with a current total market value of $4.81 million.

Kondux

Kondux has built a feature-rich platform that combines blockchain technology with 3D assets, allowing users to view, create, and deploy digital assets. Users can customize and view 3D kNFT through a 3D viewport, purchase, sell, and trade in the NFT market, view their assets in AR object form via an XR viewer, upload their digital assets and create NFT or kNFT using the NFT minting machine, and view NFT in the 3D NFT gallery environment by connecting a wallet.

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

Kondux has issued NFT and ERC-20 tokens KNDX, and the total market value of KNDX is currently $1.94 million.

Ubex

Ubex is a platform that uses blockchain and artificial intelligence technology to improve the digital advertising industry. It aims to provide more efficient, transparent, and accurate advertising solutions. It connects advertisers and advertising clients 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 use NVIDIA’s rich knowledge in data science to strengthen neural network learning technology.

Ubex has issued UBEX tokens, but the total market value is only $154,000.

Summary

In the above projects, Flux and iExec, which conduct GPU computing power transactions, have developed relatively well. With the development of AI, there may be a demand for decentralized GPU computing power markets. However, there are not many combinations of metaverse, NFT projects, and GPU, and their value has obviously returned in the current bear market environment.

It should be noted that there are many projects that have joined the NVIDIA Inception program, and there may be omissions. Joining the program does not mean that these projects have had deep cooperation with NVIDIA. Investors should carefully judge the risks by themselves.

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