"BASEDAI"

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BasedAI, a collaboration between Based Labs and the founding team of Pepecoin, seeks to tackle privacy concerns inherent in contemporary AI practices. It integrates essential resources for AI-related factor computations into permission, leveraging scarcity to establish a robust token economy. This article serves as a guide to explore the amalgamation of large language models, Zero-Knowledge Proofs (ZK), homomorphic encryption, and Meme coins within this innovative AI project.

The application scenarios of FHE are vast, extending beyond just Web3 and blockchain. It caters to any private data within the entire internet ecosystem. This article will introduce you to the main participants and application scenarios of the FHE track.

This article explores the rapid development of Artificial Intelligence (AI) and Web3 technologies and the potential value and impact of their integration. AI excels in enhancing productivity, while Web3 transforms production relationships through decentralization. The combination of these technologies brings innovative applications in data analysis, personalized user services, and security and privacy protection.

FHE (Fully Homomorphic Encryption) allows third parties to perform unlimited calculations and operations on encrypted data without decryption, thus achieving combinable on-chain privacy calculations. ArkStream Capital has written an article introducing the concept, application scenarios, and ecosystem of FHE, as well as the FHE-Rollup type Layer2 solution that Fhenix is building.