Overview of Effect.AI

  • Effect.AI, an open, decentralized network that provides services in the Artificial Intelligence market has today announced a new strategic partnership with Quadrant Protocol, experts in handling data and artificial intelligence.
  • Effect.AI is aiming to disrupt the Amazon Mechanical Turk market by utilizing smart contracts deployed on Neo blockchain technology to cut out the middleman and by doing so lower the fees substantially.
  • Effect.AI CEO Chris Dawe and Quadrant Protocol CEO Mike Davie have been in discussions about a high-level partnership for several weeks and formalized the agreement at a recent event in Hong Kong.
  • Effect.AI aims to accomplish this mission by deploying the project on three platforms that run on the NEO blockchain and are fueled by a network token called EFX.
  • Effect.ai has the potential to create a vast ocean of paid employment and it’s a rare find a project in the crypto field which is based around paid employment.
  • Effect.AI is an on-demand intelligence workforce, which scales to any size and lets you outsource several number of repeated tasks.
  • Effect.AI’s main objective is to build a platform that will stimulate AI development and the creation of various AI services.
  • Effect.AI’s distributed global workforce on demand, Effect Force will provide the necessary human component for this project.
  • Effect.AI (EFX) is the #852 largest cryptocurrency by market cap as of May 05, 2021, with a market cap of $19,440,105 USD.
  • Effect.AI (EFX) is trading at $0.07709 USD, decreasing by -10.42% since yesterday.
  • Blockchain

    Moreover, blockchain transfer of value is not subject to the fees involved in the current banking system.


    Effect.AI proposes a solution for this barrier by creating an open, decentralized network that provides most, if not all of the services required for an accessible Artificial Intelligence market.It requires no commissions, has a low barrier to entry, and provides fast growth for its users.The Effect Network ensures that the platform will be open, easy to use, and scalable.This project is called The Effect Network.

    Should We Fear AI?

    Musk, quoted in a documentary by American filmmaker Chris Paine — “Do You Trust This Computer?” — also claimed AI could end up ruling the world: “The least scary future I can think of is one where we have at least democratized AI because if one company or small group of people manages to develop godlike digital superintelligence, they could take over the world,” Musk said.

    Why does the AI effect happen?

    Early on, artificial intelligence earned a stigma following the first AI winter.During this time, calling your research or tech ‘AI’ meant limited or no funding.

    The Transform Effect: what is it?

    As I mentioned in the introduction of the article, the Transform Effect is a dynamic effect whose main result is to create patterns of paths or text blocks that can be simply manipulated in a single command, allowing you to make adjustments to the original object.

    Development activity?

    9 events  -80.

    If AI's So Smart, Why Can't It Grasp Cause and Effect?

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    What is Spoon Graphics?

    Hi, I’m Chris Spooner.Thank you for taking the time to browse my content here on Spoon Graphics.I hope you’ve found some useful stuff so far? My aim is to help you create cool designs by sharing tutorials, resources and inspiration.Let me show you around and explain what you can expect to find on my blog.

    What are the tokens used for and how can token value appreciate?

    The EFX token will be launched on the NEO blockchain, adhering to the NEP-5 token standard.It will be the medium for payments between workers and requesters on The Effect Network.Effect.AI’s first goal is to maintain liquidity for EFX tokens, especially during the early stages where no major exchanges have listed the token.

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    Why does AI matter?

    Artificial intelligence has long been a subject of anticipation among both popular and scientific culture, with the potential to transform businesses as well as the relationship between people and technology at large.

    What Are The Negative Impacts Of Artificial Intelligence (AI)?

    Artificial intelligence (AI) is doing a lot of good and will continue to provide many benefits for our modern world, but along with the good, there will inevitably be negative consequences.The sooner we begin to contemplate
    what those might be, the better equipped we will be to mitigate and manage the dangers.

    What does the company/project do?

    The artificial intelligence market is growing at an increasing rate, with a projected size of $15.7 trillion as early as 2030.Between transportation, commerce, and communication, AI is likely to have a large impact on human life as time goes on.However, only a few companies such as Google, Facebook, and Amazon are positioned to develop these algorithms right now.This is because the entry barrier is currently very high due to data processing, diverging tasks, and computational costs.Effect.AI proposes a private, decentralized ecosystem for AI development and AI related services called The Effect Network.This network is designed to provide an alternative to services like Amazon Mechanical Turk, Fiverr, OneSpace and Guru.The Effect Network will operate fully on smart contracts deployed on the NEO blockchain.The goal will be to provide most, if not all of the services necessary for a healthy and accessible artificial intelligence market.The network requires no commissions, has a low barrier to entry, and is split up into three distinct phases: Mechanical Turk, Smart Market, and Effect Network, the details of which are described below.Phase 1: Mechanical Turk – Effect Mechanical Turk is a private, decentralized marketplace for work that requires human intelligence.It is based on centralized business models such as Amazon Mechanical Turk, Fiverr, OneSpace, and Guru.com.However, the key difference for the Effect Mechanical Turk is that it is peer-to-peer, connecting supply and demand more efficiently.Requesters can create tasks called Human Intelligence Tasks to be completed by workers in exchange for compensation.These tasks are described and compiled through smart contracts on the blockchain.

    How advanced is the project?

    The Effect.AI Algorithm Project began in Q2 2016, and the first implementation of this algorithm on a website occurred in Q2 2017.After this implementation, the idea was born to put Effect.AI on a blockchain.From there, the company was officially founded in Q3 2017, and the first white paper release also occurred in this quarter.Phase 1 of the project officially began in Q4.The full release of phase 1 is set for Q3 2018.Phase 2 is currently set to come out in Q2 2019.Phase 3 is set for Q4 2019.

    What is artificial intelligence?

    Artificial intelligence is a constellation of many different technologies working together to enable machines to sense, comprehend, act, and learn with human-like levels of intelligence.Maybe that’s why it seems as though everyone’s definition of artificial intelligence is different: AI isn’t just one thing.

    What is Machine Learning?

    Machine Learning is a type of artificial intelligence that enables systems to learn patterns from data and subsequently improve future experience.

    What is the AI effect, and is it set to happen again?

    With all the hype surrounding modern artificial
    intelligence, it’s easy to forget that AI isn’t actually a new concept.Artificial
    intelligence started to make a name for itself as far back as the 1950s.

    History of Effect.AI