GM Network (GM): Merging AI With IoT for a Smarter Connected World
The artificial intelligence (AI) field has become the favorite child of the technology world, with countless new projects launched and optimism running high about its potential. However, there are also a few more technology spheres in addition to AI that the developer community is busy working on. Two of these are the Internet of Things (IoT) and decentralized physical infrastructure network (DePIN). While AI and IoT have applications and use cases in the blockchain world and on traditional Web 2.0 platforms, DePIN’s technology is both peculiar to and enabled specifically by web3.
GM Network (GM) is a blockchain project that has taken on the challenge of integrating these three promising technologies — AI, IoT and DePIN — into a solution that will create a worldwide web of interconnected, AI-driven IoT devices and applications. By incentivizing the sharing of IoT data with AI models, GM Network has championed a new breed of technology, called AIoT. With AI and IoT fast becoming part of the daily lives of billions of people, this project holds boundless potential.
Key Takeaways:
GM Network is a Layer 2 rollup solution that supports gasless, scalable and secure transactions that power applications and products in the area of AIoT — a field that represents the junction of AI and IoT technologies.
GM Network aims to support AIoT devices and use cases by integrating two key blockchain technologies — the AltLayer rollup development platform and the EigenLayer restaking protocol.
The project's native crypto, the GM token, is slated for a future release and will be used for product payments, incentives, staking and governance.
What Is GM Network?
GM Network (GM) is a DePIN platform that integrates AI and IoT technologies by incentivizing the sharing of IoT device data to train and operate AI-based agents, products and applications. The project refers to AI-enhanced IoT solutions and platforms as AIoT, a term designed to underscore the synergistic use of these two high-growth technologies.
As a DePIN platform, GM Network sources IoT data from devices of users who are incentivized by crypto rewards. The data is then used to train and enable AI algorithms that power innovative, powerful IoT devices, such as smart wearables, home appliances, electric cars, robots, virtual reality (VR) headsets and more.
GM Network operates as a Layer 2 optimistic rollup platform linked to Ethereum (ETH). It was built using the OP Stack, a popular optimistic rollup development framework provided by the Optimism (OP) platform, and AltLayer, a leading rollup-as-a-service (RaaS) provider that facilitates the launch of both optimistic and zero-knowledge (ZK) rollup networks.
GM Network has also partnered with the EigenLayer restaking protocol to integrate it into its network architecture. This integration of AltLayer and EigenLayer enables developers on the GM Network to not only launch AIoT-centric decentralized apps (DApps), but also Layer 2 and Layer 3 solutions.
GM Network’s project was founded in Singapore in 2021 by a pseudonymous founder, Chess C., and developed by GM Labs. The platform launched its testnet in March 2024 and its mainnet in June 2024. Its mainnet operates on the EigenLayer platform, enabling flexible restaking functionality for GM Network's operations.
Source: gmnetwork.medium.com
How Does It Work?
GM Network supports the Actively Validated Services (AVS) functionality, which gives its platform high levels of security and scalability. Both of these factors are critical for the exchange and use of IoT device data. Security is paramount for enabling the private exchange of user-held device data. Additionally, IoT data tends to be high-volume and granular, and requires a scalable solution that makes it feasible to achieve the exchange and utilization of such data by AI models and devices.
Two available technologies are critical to the platform's functionality and closely integrated with it — AltLayer and EigenLayer.
AltLayer's RaaS provides the functionality to launch highly flexible and scalable application-specific rollups. RaaS is used in the development of GM Network, and powers the launch of application-specific solutions on the platform. Meanwhile, EigenLayer enables the restaking function that provides further security and flexibility to GM Network.
The integration of these two technologies creates the opportunity for dual staking on the GM Network. In dual staking, the network's security is supported via both ETH staking and the restaking of AltLayer's ALT tokens and EigenLayer's upcoming EIGEN tokens.
GM Network's goal of becoming the leading AIoT hub is underpinned by a four-stage model involving staking, mining, training and transforming:
During the staking stage, users can stake NFTs bound to smart agents and devices to earn rewards in points and crypto. This is a preparatory stage to establish initial user engagement.
Mining, the next stage, will enable users to bind more Web 2.0 and web3 devices, engage in gameplay and earn more points and crypto rewards.
At the training stage, the IoT device data sourced by the network will be used to actively train and enable AIoT solutions.
Finally, the transforming stage will see large-scale, critical AIoT projects deployed on the GM Network platform.
GM Network Key Features
GM Network consists of three primary layers: Asset, Data and User. Within each layer, one or more key components power the network's functionality.
Source: gmnetwork.ai/whitepaper
GM Network (Asset Layer)
The platform's Asset Layer manages all operations for the issuance, circulation and trading of AIoT crypto assets. GM Network's Asset Layer enjoys the security provided by AVS technology. It also offers gasless transactions and great scalability, features crucial for enabling IoT applications and use cases.
GM ID (Data Layer)
A vital component of the Data Layer, GM ID is a decentralized identity management solution that allows AIoT developers to offer users highly functional and flexible wallet and login services. For instance, developers can use GM ID to integrate social login functionality for various devices, such as smartphones, VR products and more.
Crypto wallets developed with GM ID allow users to enjoy the gasless transaction functionality supported by the platform. The solution also offers other user-friendly features, such as nicknames for wallet IDs instead of lengthy alphanumeric Ethereum addresses.
GM ID supports the development of wallets and decentralized identity solutions for the web, iOS and Android platforms.
GM OS (Data Layer)
GM OS is a protocol designed to streamline data flow between AI and IoT. It can source data from various on-chain and off-chain sources, such as DApps and IoT devices. GM OS has a data ownership module that allows users to manage their ownership rights to the IoT data shared with the platform.
GM OS also features a storage module designed to support secure decentralized storage of IoT data. Additionally, GM OS powers a data exchange marketplace that allows AI developers and projects to purchase custom IoT data packages and distribute the profits from their utilization to the ultimate data owners.
QuestN (User Layer)
GM Network's User Layer features several applications designed to support end-user community growth initiatives to create a vast consumer AIoT network. One of these is QuestN, a DApp that allows crypto enthusiasts to discover and participate in various quests, quizzes and tournaments to earn rewards across a multitude of decentralized protocols.
GM Network has integrated QuestN into its User Layer to support community growth, presales of devices and the promotion of AIoT projects.
GM Store (User Layer)
GM Store (previously GM Launchpad) is the platform's marketplace for AIoT devices and NFTs. The project promotes it as something similar in concept to the Apple Store, but specifically for AIoT. Devices and NFTs linked to the AIoT sphere can be listed, and sold for crypto via the store. The store also features additional functionality, such as the ability to direct a specified proportion of device sales to on-platform liquidity.
GM Store supports payments in diverse crypto assets, including USDT, USDC, ETH and the platform's upcoming GM token.
GM AI (User Layer)
GM AI is an app designed to help users manage all of their AIoT devices and smart agents from a single source and interface. The app will support the platform's mining functionality — the second stage of the GM Network project — for both Web 2.0 and web3 devices. By binding a device through GM AI, users will be able to earn crypto rewards. Essentially, GM AI works as a gateway to access all of your GM Network user data, including bound devices, held NFTs, earned rewards and more.
GM Network Tokens
GM
The GM token is GM Network’s native cryptocurrency. The token has yet to be launched as of the time of this writing (Oct 1, 2024). Its tokenomics specifies a total supply of 10 billion, with plans to make it deflationary (i.e., to stipulate a maximum supply limitation). When launched, GM will be used for several key functions, including the following:
Purchase of AIoT devices and NFTs: GM tokens can be used to buy devices and NFTs through the platform's store and via apps like GM AI.
Incentives to attract users: Projects hosted on GM Network will be able to earn rewards in GM tokens for attracting more active users.
Staking: GM may be among the assets used in the platform's dual-staking mechanism.
Governance: GM token holders can participate in governance votes to decide the future direction of the platform.
GN
GN is GM Network's utility points system. While GM tokens are the network's crypto asset, GN is designed to be used for points with a variety of use cases, mostly to reward users for their participation and encourage them to invest in the platform's products and services. For instance, GN points will be earned when users actively participate in GM airdrops and staking. Completing quests and tasks will also help users earn GN.
While the GM crypto is envisioned as a deflationary asset, GN points won’t be subject to a supply cap. At the same time, there will be a mechanism for exchanges between GM and GN.
GM Network Core Products
GM Band
GM Network's store offers a variety of AIoT devices, including trendy wearables. One of the platform's sales hits is GM Band, a wearable wristband that offers AI-driven personalized health monitoring services. The band's usage can earn you rewards in GN points when staking a device-bound NFT. If you're an active GM Band user, you can also earn airdrops in the form of GM tokens, NFTs and devices.
You can take advantage of Bybit's campaign dedicated to the product to get a chance to grab one of the 50 GM Bands and exclusive NFTs on offer. The campaign, which runs until Oct 13, 2024, requires participants to complete a small set of tasks to qualify, such as following GM Network on X and using the GM AI app.
Source: gm.gmnetwork.ai
GM Companion
GM Companion is an AI-powered voice device with smart home control and personal assistant functions. By providing voice commands to the device, you can manage a variety of smart devices around your house or office to enhance your entertainment, work efficiency and access to information.
GM Companion is one of the most innovative AIoT devices offered by GM Network. The platform's store also offers many other AIoT devices, such as the Up Mobile smartphone with AI functions and V3X Smart Glasses, which use AI-powered trading advice to help traders make more efficient and smarter decisions.
GM NFTs
In many cases, in order to earn points and crypto rewards on GM Network through activities like staking and mining you’ll need to bind a device- or agent-bound NFT. There are two main varieties of such NFTs on the network — Agent and AIoT, also known as Gear NFTs.
Agent
Agent NFTs can originate from user AI agents or avatars, or they can be imported from external NFT platforms with which GM Network has partnered. The inaugural type are CyberV NFTs, tokens whose ownership gives you access to an assortment of rewards and benefits, such as exclusive avatars, token airdrops, mining bonuses and device airdrops through the GM Store.
AIoT (Gear)
AIoT NFTs are generated in one of two primary ways — by purchasing an AIoT device on the GM Store or linking an existing device to GM Network. The latter functionality has yet to be implemented by the project team as of late September 2024. A typical example of an AIoT NFT is the GM Band NFT, which is created when you purchase a GM Band.
Closing Thoughts
GM Network seeks to establish firm leadership in the highly specialized AIoT niche by leveraging both AI and IoT technologies. Few projects in the web3 sphere have focused as intensely as GM Network on these two high-growth technologies of today and tomorrow. The project is still in the early months of its market presence, but the solid potential of this platform is already evident. Novel products like GM Companion and GM Band, among others, are tangible proof that this project isn't only about ideas and concepts. GM Network already delivers products with useful real-world applications — products that can potentially change lives and the way we live, work and entertain ourselves.
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