NeuralAI (NEURAL): Revolutionizing 3D Model Creation With Generative AI
The current explosive growth in gaming solutions, both on blockchain and on traditional Web 2.0 platforms, might run into one particular challenge — the ability of creators and studios to generate 3D animations and graphics reliably, cost-effectively and on-scale. Ever-growing demands for visually rich graphics are driving game developers to produce increasingly complex 3D animations. According to some estimates, the total value of the 3D animation market will reach $25 billion in 2024, and by 2028 it's expected to reach around $39 billion.
Given the large size of the 3D animation market and its strong projected growth rates, the issue of generating 3D models and animations for games is paramount. Yet, the current prevalent technologies used to create 3D assets are complex, expensive and incredibly resource-hungry.
NeuralAI’s blockchain-based platform addresses these challenges by providing a flexible and affordable 3D graphics generation engine based on generative artificial intelligence technology. The project also facilitates decentralized trade in 3D gaming assets and GPU capacity renting. Using NeuralAI, creators can produce final 3D models using text-to-3D graphics and image-to-3D graphics solutions, reducing the costs and complexity of 3D asset creation.
Key Takeaways:
NeuralAI (NEURAL) is a decentralized platform that provides a range of AI-driven services, including a 3D asset generation engine, a marketplace for 3D asset trade, GPU power rental and cryptocurrency mining opportunities.
Its core product — the 3D asset generation engine — allows users to create 3D gaming assets in a flexible, scalable and affordable way.
NeuralAI'snative cryptocurrency, NEURAL, is an ERC-20 token that powers the entire NeuralAI ecosystem in diverse ways. NEURAL can be bought on Bybit Web3 DEX Pro.
What Is NeuralAI?
NeuralAI (NEURAL) is a decentralized app (DApp) that facilitates the creation of 3D digital assets with both text-to-3D and image-to-3D graphics using a generative AI engine. In addition to AI-based digital content creation, the platform also features a decentralized marketplace for 3D assets, a GPU capacity rental service, the ability to mine TAO (the native cryptocurrency of the AI-focused Bittensor blockchain) for GPU rentals and an incubation environment for promising gaming projects.
Generally, the technical and marketing resources required to create and monetize 3D gaming assets are substantial. 3D artists and studios often face problems such as the high cost of asset creation and the difficulty of promoting and monetizing their creations. NeuralAI provides AI-based services in order to address these concerns. Its 3D generative AI engine significantly reduces the cost and complexity of the asset creation process. In turn, its 3D assets marketplace allows creators to offer their digital creations to a broad audience of users involved in the gaming industry.
In partnership with Akash Network (AKT), NeuralAI also facilitates the decentralized rental of GPU computing power. In this capacity, NeuralAI acts as a type of decentralized physical infrastructure network (DePIN). Participants in the GPU capacity trade can also mine Bittensor's TAO coins, thanks to preconfigured TAO mining templates offered by NeuralAI.
The NeuralAI platform is the brainchild of two young technology entrepreneurs, Matthew Galea and Kurt Abela. They founded their startup, Neural Solutions, in Malta in 2020. After teaming up with another Maltese company, Born Digital, the project co-founders focused their efforts on AI and data solutions, eventually releasing the platform's 3D asset generation engine in May 2024.
How Does NeuralAI Work?
At the core of the NeuralAI platform is its generative AI-based 3D asset creation engine, which supports both textual and image prompts provided by users to generate final 3D models. In order to convert initial 2D images into high-quality 3D outputs, NeuralAI uses a type of AI template called a Large Reconstruction Model (LRM). LRM algorithms are designed specifically for the purpose of transforming initial 2D images into complex 3D models. NeuralAI has developed its own custom solution based on LRM technology. It allows creators to generate high-precision 3D models of geometrical structures and textures.
The platform's 3D assets marketplace allows creators to expand their outputs beyond their immediate working environments. Its marketplace supports tokenizing 3D assets into non-fungible tokens (NFTs) to facilitate trade and protect intellectual property (IP).
NeuralAI Flywheel
NeuralAI Flywheel is the project team’s term for an integrated process that starts with developers providing their textual prompts for 3D model creation and ends with them receiving final outputs, with the entire functionality supported by TAO miners. The NeuralAI Flywheel process is underpinned by users who purchase and hold NEURAL tokens — the platform's native cryptocurrency. The process involves TAO miners who operate on NeuralAI's Bittensor subnet, which we’ll touch upon in the next section.
This is how the NeuralAI Flywheel process is envisioned to work, step-by-step:
Asset developers purchase and hold NEURAL tokens. Token ownership opens up opportunities to expedite the asset generation process up to 100 times.
The developers provide textual prompts to the NeuralAI engine to request 3D asset creation. These prompts can be provided either through the DApp's interface or via API calls to automate and streamline the process.
The prompts are forwarded to TAO miners operating on NeuralAI's Bittensor subnet. These miners process the prompts, working to provide the best quality solution.
Developers receive their final outputs, while miners are rewarded with TAO coins for their contributions.
Source: https://docs.goneural.ai/neuralai/the-flywheel
Bittensor Subnet
The Flywheel process and many other core services envisioned by the project's team depend upon the NeuralAI Bittensor subnet, which is a work in progress as of late July 2024. Bittensor is a machine learning–focused Layer 1 blockchain that allows providers of computational resources to process ML and AI tasks in exchange for rewards in TAO tokens. Bittensor hosts a wide variety of subnets — smaller networks within the wider platform designed for specific solutions and use cases.
NeuralAI’s own Bittensor subnet to manage 3D generation tasks is in development, and is expected to be released in a few months.
NeuralAI Key Features
AI-Powered 3D Asset Creation
NeuralAI’s generative AI-powered 3D asset creation engine supports the core offering of the platform. The 3D outputs generated by the engine can be exported in formats commonly used in the 3D animation industry — OBJ, FBX and STL. These outputs can be integrated into popular game development engines — Unity and Unreal — as well as rendering and design software packages such as Blender.
There are four main benefits for game developers and artists who use NeuralAI’s asset generation engine, as follows:
Time efficiency: The engine is capable of significantly cutting down on the time required to produce 3D assets.
Accuracy of outputs: NeuralAI’s asset generation engine improves the geometric and textural accuracy of 3D models, thanks to its sophisticated depth and position mapping.
Considerably reduced cost of producing quality 3D assets.
Accessibility: Novice asset developers can produce high-quality 3D assets without the lengthy and deep learning process involved in becoming a master 3D animator.
NeuralAI 3D Asset Marketplace
The NeuralAI marketplace for 3D assets supports what’s referred to as “3D-fication,” whereby creators can easily transform their designs into 3D format. Converted outputs can be tokenized by using NFTs to enable their storage and transfers via blockchain. Thanks to this process of tokenization, 3D assets enjoy the security benefits offered by blockchain technology, particularly immutability and IP protection.
NeuralAI charges a 5% transaction fee on sales via its marketplace. Half of the revenues collected from charging this fee go to holders of the NEURAL token, while the other 50% is reinvested in the platform to support its growth and development.
TAO Miner Templates
In collaboration with Akash Network, NeuralAI offers GPU capacity renting through TAO miner templates that allow miners to monetize their participation in the capacity provision process by earning revenue in TAO coins. The miners play a significant role in the NeuralAI platform by facilitating resource-heavy computations. These computations can involve ML and AI algorithm processing, as well as graphics rendering jobs, which support advanced animation and motion graphics solutions in areas like augmented reality (AR) and virtual reality (VR).
By utilizing the resources provided by the TAO miners, platform users can process a broader range of computational tasks than would be possible using their own hardware. In turn, mining TAO can be an excellent way for capacity providers to monetize their idle hardware resources.
GPU Streaming
Another exciting work in progress on the NeuralAI platform is GPU streaming, which leverages cloud computing technology to shift the bulk of heavy computations to powerful cloud-based servers. It channels the power of high-end GPUs into users' local devices. As such, it allows heavy computations to be performed without expensive hardware upgrades.
NeuralAI's GPU streaming has particular benefits for the gaming industry and gamers. This technology allows gamers to enjoy improved graphics and a smoother overall user experience on their local devices without owning powerful machines. As such, it can create opportunities for billions of individuals with older or lower-spec computers to enjoy games that generally require high-end hardware specifications.
Within the area of GPU streaming, the NeuralAI team is conducting serious research and development: they’re exploring ways to deliver optimal data compression and minimize latency, activities that have enormous potential for industry-wide impact in areas like gaming, animation and video editing, among others.
The NeuralAI Crypto Token (NEURAL)
NeuralAI’s native cryptocurrency, NEURAL, is an ERC-20 token on the Ethereum (ETH) blockchain. NEURAL a supply-capped asset, with a maximum and total supply of 10 billion.
The token has a wide-ranging set of roles within the NeuralAI ecosystem. Key functions include:
Payments for GPU power renting. Users who'd like to take advantage of NeuralAI's GPU power-renting functionality pay in NEURAL tokens for access to the service.
Benefits of accessing 3D asset creation via TAO miners. As detailed above (see NeuralAI Flywheel), users who hold NEURAL and request 3D asset generation through TAO miners can benefit from an optimized and fast asset development process.
Staking. Holders of NEURAL can stake their funds on the platform to earn rewards, which will encourage long-term token ownership and participation on the platform.
GPU rental rate discounts on GPU rental fees. NEURAL holders will receive discounts on GPU rental fees
Entitlement to a share of the marketplace revenues. Fifty percent of the revenues generated from the 5% transaction fee on the 3D asset marketplace (2.5%) will be regularly distributed among NEURAL holders.
Further revenue opportunities for the top 100 largest NEURAL holders. The project’s loyalty scheme, the NeuralAI Vanguard program, entitles the top 100 users with the largest NEURAL holdings to share 100% of the profits generated from the provision of GPU rental services.
Where to Buy NEURAL
As of Aug 6, 2024, NEURAL is trading at $4.13. The token is available via the Bybit Web3 DEX Pro platform, which allows you to trade a wide range of cryptocurrencies directly on-chain in a decentralized way. Bybit Web3 DEX Pro is integrated with i-SMART technology that features components such as Influential Trader Tracking and the Real-Time Trending Indicator, giving users a competitive edge through advanced data analytics and real-time insights.
Closing Thoughts
Some core services offered by NeuralAI are already live, while others are still in the development stage. By the end of the year, we’ll likely see further product launches and innovations from the project’s team. The platform is already making a valuable contribution to the industry by addressing the needs of creators in critical areas — 3D asset generation and trade.
The burgeoning $25 billion market for 3D animation needs one thing to take it to the next level — tools to generate high-quality 3D assets quickly and affordably. NeuralAI is stepping up to address this need, a challenging but potentially highly rewarding endeavor.
#LearnWithBybit