FileMarket AI: Opportunity/Problem, Achievements, Plans, and Mission

After two years of innovation and growth, FileMarket AI has become a leading pioneer in community-driven data collection and annotation. We pivoted our business model after participating in several startup programs, notably the Techstars Accelerator, which was crucial in shaping our vision. Our current focus is on creating collaborative, dynamic datasets for AI fine-tuning of Agents, sourced directly from users, with full consent and reward systems in place. This approach, integrated with Telegram Messenger Mini Apps (first stage), ensures seamless user participation while maintaining compliance with data regulations.

As Ilya Sutskever , co-founder of OpenAI, said, "The most near-term limit to scaling (AI) is obviously data" (Interview on Youtube). AI companies and AI departments of big tech companies face this challenge every day and we are talking about high-quality and hard-to-get data here, with legal consent. Acquiring custom-specific datasets is becoming increasingly difficult because all public data have been used already and due to stringent data regulations, making traditional data collection and annotation methods slow, expensive, and non-compliant.

FileMarket AI addresses this by engaging end users directly through messengers like Telegram, in their natural habitat, using a MiniApp integrated within the platform. This approach allows users to collect and annotate data through their mobile devices, providing full legal consent in exchange for rewards. The MiniApp model offers a scalable, community-driven solution that accelerates data collection, reduces costs, and ensures compliance. We plan to extend this model to other platforms like WeChat, Farcaster and other messengers/social networks that will allow to integrate our own interfaces into them.

In parallel, we are actively working with AI company clients via 谷歌 and SAP Data Marketplaces, as well as Databricks and Datarade , ensuring our future-proof platform reaches key clients who require high-quality, legally compliant datasets for AI model training. In the future, B2B clients will be able to post requests for Data Collection or Annotation directly on the FileMarket AI Business platform, setting the requirements and the rewards for participants. All datasets will be perpetually and permissionlessly accessible to any organization, with all contributors receiving rewards each time the dataset is monetized (sold). This approach ensures ongoing and multiple streams of profit for all users involved.

In the past two years, FileMarket AI team has achieved significant milestones, which include:

? Secured multiple grants and won prizes in three hackathons.

? Successfully participated in multiple incubation and acceleration programs, including the prestigious Techstars Web3 Accelerator and several others, like Manta Network (MANTA) and Cointelegraph Startup programs.

? Joined the Protocol Labs Network, which aligns us with leading decentralized data storage solutions and builders.

? Listed Datasets and Data services on all major data marketplaces like SAP, Google, Databricks, and DataRade, allowing us to reach some of the largest AI organizations worldwide.

? In the process of negotiations with several big corporations and their AI departments, including Kaspi Bank (Kazakhstan), BRI Bank (Indonesia), and Forvia (France), demonstrating the value and adaptability of our use cases.

? Applied to the Safe Superintelligence Inc. Program, positioning ourselves for further AI-driven grants and support.

With substantial backing from Techstars and Cyberport Hong Kong , as well as mentorship from esteemed industry leaders, including Konstantin Tkachuk (ex-Filecoin, co-founder of Titan Network), and our Techstars Lead Mentors Mike Sotirakos , Art Malkov , and Prashanth Swaminathan , we have meticulously refined our product vision. This strategic guidance has enabled us to achieve early Product-Market Fit, positioning us for robust growth and a scalable future. These alliances affirm our commitment to executing a well-defined strategy that addresses significant market demands.

As we continue our growth journey, our immediate objectives include:

1. Launching our Mini App within the Telegram ecosystem by the end of September 2024, a significant milestone in scaling our community-driven data collection model.

2. Continuously updating the Mini App to enhance user experience and maintain strong community engagement.

3. Expanding our presence on data marketplaces and generating more leads from diverse regions and sectors.

4. Raising a SEED round, starting in October 2024, where we aim to raise $1.5 million at a $15 million valuation, selling 10% equity in the company.

Our vision for the future is clear: to build a world where AI data collection is permissionless, decentralized, and globally accessible. We draw inspiration from the Filecoin Foundation and IPFS ecosystems, where the preservation of essential human data in decentralized networks is paramount. This infrastructure, as well as Ethereum Swarm, Binance Greenfield, Arweave and other decentralized storage solutions, provides the perfect environment for the dynamic, collaborative datasets we are building.

Our datasets are designed to become digital heritage, serving as a foundational resource for organizations to train their AI models. We ensure that users retain full control over their data, with the freedom to opt-out at any point. Additionally, users receive rewards through a revenue-sharing model, allowing them to benefit from their contributions to AI training and research.

At FileMarket AI, we are committed to:

? Preserving and securing essential human data through decentralized storage solutions like IPFS , Filecoin Foundation , Swarm, Binance Greenfield, Arweave and other decentralized storage solutions.

? Empowering users by giving them full control over their data and offering financial rewards for their contributions to AI training and their legal consent.

? Building tools that engage communities worldwide, allowing them to participate in data fine-tuning and training and thus contributing directly to AI innovation.

? Creating permissionless and globally accessible collaborative datasets that can serve as a valuable resource for organizations across industries.

None of this would have been possible without the support of our partners and mentors. We would like to extend great thanks and blessings to Juan Benet , the creator of IPFS and Filecoin, and Brad Holden from Protocol Labs Network, for their invaluable role in helping us to get to the next level. Their contributions have been essential to our progress.

We also want to thank Gregor ?avcer , the director of Ethereum Swarm, for his guidance and insights in building decentralized storage systems. Also, it was great honor and pleasure to get advice from Sam Williams during our Techstars accelerator. We believe all protocols which are contributing to the future of decentralized storage and the preservation of the most valuable data are doing an absolutely incredible and essential work for the future of internet and humanity in general.

Our angel investors, Dr. Stefan Meyer and Oleg Gronsky , have stood by us for many months, believing in our vision (and stubbornness) and providing crucial support during our early stages. Their commitment has allowed us to take bold steps forward.

Additionally, we would like to express special thanks to Denis Dubynin , (Horadrim.Capital), who guided us before we launched in August 2022. His early mentorship set the foundation for our ongoing success.

Last but not least, we owe a deep, heartfelt thanks to Techstars Web3 godfathers Pete Townsend and Hugh McGirr , who supported us on a level that felt like family. Their guidance helped us to define a sustainable business growth strategy. The experience with Techstars Web3 was truly life-changing, impacting us personally and taking our business vision to new heights. Thanks to the legal advice and helping us to set the right legal structure and move our company and bank account to US, Delaware. We are incredibly grateful.

Looking ahead, we remain dedicated to expanding our dataset capabilities, forming more partnerships with major AI companies, and continuing to build innovative, community-driven data solutions. The road ahead is bright, and we are excited to work alongside some of the brightest minds in AI and decentralized technologies.

We are proud of how far we have come and are looking forward to sharing the next chapter of FileMarket AI with the world.

Thank you for being part of our journey.

p.s. May the Force be with us all, and may we be in peace in our temple, in the space designed for thoughts and speeches, the realm of mutual respect, the state of a common noble goal; let us take our places together, no one higher than others, and let us work together in this assembly, free from selfishness, jealousy, and other evil.