By: Christos A. Makridis
The landscape of digital asset infrastructure is undergoing a transformative shift, influenced by advancements in artificial intelligence (AI) and blockchain. Cortex AG, formerly xDLT that began in 2015 as a pricing app and since rebranded in 2020, has broadened its mission to develop a comprehensive space for integrated infrastructure accessible via Web3Intelligence.com, which aims to democratize access to enterprise AI and blockchain tools by making them available to retail consumers.
The growing cost of living and pace of technological change has made it difficult for the average worker to compete and thrive. The Web3Intelligence platform has already started gaining major traction across a global user base through intuitive wealth management features and a user-friendly experience, providing users with institutional-grade and actionable data analysis. This shift may herald a new era of decentralized and democratized financial services that could empower the average worker through sophisticated financial tools, impacting the future of work.
Karim Chaib, CEO and Founder of Cortex AG
Photo courtesy of Cortex AG
Institutional Success with Advanced AML Solutions
Cortex AG’s founder, Karim Chaib, has been a leader in helping financial institutions with anti-money laundering (AML) technology solutions, consulting in this area for over a decade. His years consulting in traditional finance inspired the introduction of a non-fungible token (NFT) that can represent a user’s risk profile for AML purposes, which serves as an alternative mechanism for ensuring safety in lending and AML compliance. In particular, the NFT is integrated into decentralized exchange (DEX) smart contracts, facilitating seamless and secure compliance checks. This innovative cryptographic solution not only streamlines AML processes, but also sets a new industry standard, enabling banks and exchanges to manage regulatory requirements with unprecedented efficiency.
The effectiveness of these AML solutions is underscored by their adoption by institutions like Sygnum Bank and major digital asset exchanges. This compliance infrastructure is part of a broader suite of services that now supports digital assets in over 300 banks globally, showcasing the scalability and impact of Chaib’s innovations.
NFTs with Utility in the Attention Economy
Expanding beyond institutional applications, Cortex AG is now pioneering the use of NFTs with utility in the attention economy. This approach leverages the unique properties of NFTs to not only represent ownership, but also to function as tools for engaging users and monetizing attention in innovative ways. For instance, the platform’s use of gamified learning for seed phrases through NFTs educates and engages users about crucial security practices, turning the learning process into a rewarding experience. Through audio, video, and text games, children as young as 5 can grasp how the 12-word sequences that comprise seed phrases work.
This strategy taps into the growing trend of the attention economy, where user engagement translates directly into value creation. By integrating these utility NFTs into their platform, Cortex AG is positioning itself at the forefront of a shift towards more interactive and value-driven user experiences in the digital asset space. “At the end of the day, the entire crypto space is on the precipice of a major shift in the way we think about what to do with digital assets and how to approach them,” said Chaib.
The integration of AI into an app and application for the average worker is a stark contrast with the norm, offering optimism about the future of work and role of AI as a complement for human activities. “Great tokens should be able to unlock much more routine experiences and opportunities that live between these two extreme trading approaches, which can feel limited and simplistic to some, or ‘pump and dump’ to others. And that’s where we are creating education around how to plug into ecosystems like ours where the token is the key to gains that are routinely actionable and less manic or high stakes feeling,” Chaib continued.
Dopamine’s real world utility mission
Photo courtesy of Cortex AG
Broadening the Reach to Retail Consumers
Chaib’s overarching goal for Web3Intelligence in 2024 is to democratize access to state-of-the-art AI-powered tools for retail users. The platform’s user-friendly app, Dopamine, which already boasts 3.7 million users globally, simplifies entry into the web3 ecosystem. It connects users to a variety of financial services including centralized and decentralized exchanges, banks, and launchpads, and incorporates AI trading capabilities. “Predictive AI is revolutionizing cryptocurrency investing by enabling the analysis of market sentiment, a crucial factor in decision-making. By combing through vast amounts of data from social media, news articles, and online forums, AI algorithms can gauge public sentiment towards cryptocurrencies,” said Chaib. Dopamine takes this a step further by integrating web2 social data, synthesizing feelings into actionable information.
The $Dope token unlocks Weekly Predictions, a predictive AI investing tool for cryptocurrency that analyzes large quantities of data – both readily available and proprietary. Combining blockchain analytics with social sentiment analysis, Predictions offers a holistic view of the market landscape, providing the user with accurate and actionable information. Of those who own crypto, 75% use it as an investment tool, rather than using it to make secure payments, according to a 2024 survey. In this sense, many who are bearish around crypto have been avoiding the space because of the lack of regulation and security and/or the feeling of not knowing how to buy it and what to do with it. Dopamine could help create an environment where users can feel comfortable enough to educate themselves and feel confident in the process of buying, owning, and investing.
Cortex is developing a prototype that could further impact the institutional and retail trading spaces. Instead of relying on traditional tools like the Bloomberg Terminal, users can experience a fully integrated, interactive, and immersive visual format through advanced augmented reality (AR) technology like Apple’s Vision Pro. “The prototype consolidates all necessary data into a single headset, creating a seamless, immersive trading environment. The adoption of such advanced technology could revolutionize the crypto industry, making trading more accessible, efficient, and interactive,” said Chaib. Conceptually, the use of AR and AI not only enhances the user experience but also provides a significant competitive edge through improved data visualization and predictive analytics.
Dopamine development team left to right: Djamil Chaib, Head of Partnerships, Karim Chaib, CEO and … [+]
Photo courtesy of Cortex AG
Revolutionizing Finance through AI-Driven Digital Asset ETFs
Through predictive AI, Cortex AG and Web3Ingelligence’s next leap runs adjacent to traditional finance through the creation of ETFs crafted through their proprietary predictive AI models designed to offer investors exposure to the burgeoning digital economy, encompassing everything from cryptocurrencies to tokenized assets.
Financial experts can identify patterns, predict market trends, and make data-driven decisions with greater precision, enabling the creation of ETFs that can dynamically adjust to market conditions, optimizing asset allocation for better risk-adjusted returns. “Applying modern AI and machine learning is crucial to bringing the disruptive innovation of decentralized finance and blockchain to a level robust enough for millions of users and institutional-grade requirements. Cortex’s idea of combining this technical approach with the basketized structure of ETFs is particularly promising in the high volatility context of digital assets,” said Uri Ferruccio, co-founder of Concordia.
One of the key benefits of digital asset ETFs is diversification, allowing investors exposure to a broad range of digital assets without the need to purchase and manage individual tokens. Furthermore, digital asset ETFs bring the world of digital assets to a wider audience, providing a familiar structure for traditional investors to participate in the digital economy, providing a bridge that can create new investment opportunities. By integrating educational tools that gamify the learning process, Web3Intelligence can make the web3 space accessible and engaging for a broader audience, including novices and children.
