Sogni AI debuts new L1 chain with July 2 exchange listings lined up

Sogni AI, a decentralized creative AI platform, has launched its new mainnet and migrated its native token. The native SOGNI asset will also be listed on Kraken, Mexc and Gate.io from July 2. 

Sogni AI, a specialized protocol for creative-AI infrastructure, has launched its mainnet and migrated fully. As part of the launch event, the SOGNI utility token will also go live on Kraken, MEXC, and Gate.IO from July 2. The asset will build its initial centralized liquidity, later moving to Base’s Aerodrome and Etherlink’s Iguana DEX for decentralized swaps. 

Along with the exchange listings, Sogni AI will activate all other features, including wallet integration, the launch of Spark Point credits, staking, and leaderboard rewards. Sogni will launch with a fully equipped economic engine for on-chain AI rendering, with incentives for both users and network participants with GPU compute power.

The new SOGNI token appears as AI-generated videos and images are improving by leaps, potentially opening up a new on-chain creator economy.

Sogni to host open-source generative AI models

Sogni’s new native chain will become the key infrastructure for generative AI models, using a permissionless GPU network for shared computation. Creators will submit their prompts through production-ready apps (Sogni Web, Sogni Pocker, and Sogni Studio). 

The network supplying computation will be built by volunteer operators, who will receive SOGNI for their computing power. The Sogni Supernet will be the native L1 chain, powering the rendering infrastructure. 

Sogni will also launch its services on Base, the L2 chain popular for fun activities. The service will also use Etherlink, an EVM-compatible L2 that is part of the Tezos tech stack. The simultaneous launch will ensure both accessibility and an outreach to already existing communities with interest in AI.

Sogni AI draws on multiple narratives

The new DePin project will aim to target both Web2 users that are used to fast AI performance, while also appealing to crypto-native communities. Sogni will use a dual-token reward structure, through the tradable SOGNI token and the addition of Spark Coins, non-transferable credits that can be purchased or earned within the app. 

SOGNI will reflect the platform’s real activity and will be used to pay for GPU compute and rendering, on-chain storage, as well as NFT minting. GPU workers will also be able to bond and stake SOGNI in exchange for the right to receive tasks. Poor performance or fraud will be penalized by slashing to avoid providing minimal compute power. Larger stakes will receive larger priority queues and higher rewards. 

The native token will also have on-chain governance powers for votes on update proposals, budget allocations, and other parameter changes. 

SOGNI will be minted based on economic activity and distributed to node operators, model developers, liquidity providers, and active creators. A total of 20% of the SOGNI tokens will be set aside for GPU provider rewards, with another 10% in the Creator fund. 

Sogni AI launched in 2023, after raising a $2M seed round and a $250K token sale. The token has been backed by Coingecko Ventures and the Gate launchpad, with a 20% token allocation for the team and early backers. 

Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites