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SirWin
SirWin
SirWin

Rivalz Network launches its Intel incentivized Testnet

Press Releases
Rivalz Network launches its Intel incentivized Testnet

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Rivalz launches its Intel Incentivized Testnet Event, where participants can engage, earn points, and get rewarded.

Rivalz Network, backed by leading investors such as Delphi Ventures, Zee Prime, Stakewithus, Cogitent Ventures, D1, M6, 4RC, and GSR – is laying the foundations for the AI web3 landscape with their DePIN-based AI Intel Layer.

Rivalz is excited to announce the launch of its Intel Incentivized Testnet Event, which begins on Friday, May 24th. 

Throughout this event, users will be able to actively participate in the rollout of Rivalz’s decentralized node infrastructure, earn points in various activities and get rewarded based on their overall engagement with the Rivalz Testnet. 

Rivalz Testnet Points and Airdrop

During the “Rivalz Intel Testnet” event, users can earn Testnet Points. These will directly dictate the Rivalz $RIZ airdrop, which is set to happen in Q3 2024. High positions on the leaderboard will be rewarded additionally.  

Users can obtain Testnet points by running Light rClients, which provides the network with core data storage and data processing facilities, completing social challenges, and participating in daily Fragmentz mints, which are essential to obtaining discounts on the node sale whitelist. 

“The Initiating Intel Testnet is the first step we’re taking in the journey towards rolling out our AI DePIN. Our AI Intel Layer stands to become the connectivity core for the future of web3 x AI,” said Igor K, CEO of  Rivalz Network.

Rivalz: Building the first AI Intel Layer

The AI Intel Layer serves as a core part of the infrastructure for web3 modular AI applications. Rivalz operates as a Dymension EVM-RollApp with Celestia DA and includes a DePIN, consisting of Light rClients and Validator zNodes.

The Rivalz DePIN is a decentralized P2P node network that employs advanced encryption algorithms for secure data handling and blind computation for external data access. It focuses on ensuring compliant and validated data storage and private access to such data using FHE, as well as providing validated and trustless data streams for AI. 

  • rClient (already available on Testnet) allows users to contribute data space and limited compute from their devices. rClients are available for anyone to run.
  • Validator zNodes are used as a settlement solution for the inflows and outflows of Data from the DePIN Layer. Validator zNodes will be sold via the zNode Key Licence Sale.

RIZ will be Rivalz’s native token. It pays transaction fees, coordinates worker and validator nodes, and ensures network security. It rewards users for providing valuable data, powers AI applications, and allows holders to participate in governance decisions, influencing the network’s development.

Built on Dymension and Powered by Celestia’s DA layer, Rivalz aims to create a decentralized peer-to-peer network for modular AI apps, enhanced by programmatic trust and privacy.

For further information, please visit Rivalz’s official website, or follow the project on Telegram, X, and Discord.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.