Olas: Opening AI Ownership to All

A new player is emerging with a revolutionary approach to AI ownership and utilization. Olas, formerly known as Autonolas, is a platform that enables anyone and everyone to share in owning a piece of AI, specifically an autonomous AI agent that does useful things for them. This co-ownership model is designed to democratize access to cutting-edge AI technology, giving people a stake in its development and benefits.

Why is this important? As AI becomes more integrated into our daily lives, having a say in how it is used and developed is crucial. Olas enables you to participate in this growing field, ensuring that AI’s advancements are shaped by a diverse group of people, not just a few large companies. By joining Olas, you’re investing in the future of AI by participating in a platform that values transparency, innovation, and community involvement. Whether you’re tech-savvy or just curious about the future of technology, Olas offers an exciting opportunity to be part of something big.

Olas’ latest offering, Pearl, is an app that gives everyone — even those who are not tech savvy — a voice and a piece of the AI revolution. Currently, it gives you a chance at making  money (in the form of staking rewards). It does so by participating in agent economies that are coordinated via Proof of Active Agent (PoAA), which will be explained in further detail later in this article. However, the main promise of Pearl is to take away the complexities and knowledge of tech. Because it is an app that anyone with any skill level can start using, this piece serves as an explanation of the deeper details for those who are interested.

Empowering Users with Pearl 

Pearl is a user-friendly tool that allows anyone with a Mac — and soon, Windows — computer to stake OLAS tokens and run AI agents. Using Pearl, anyone can take part in this exciting technology, contributing to the development of this existing tech and earning rewards as the AI agents work towards specific goals. This makes the complex world of AI accessible and beneficial to everyone, not just experts.

David Minarsch, co-founder of Valory, explained the significance of Pearl, stating, “When you run Pearl, you’re essentially creating an AI agent to work on your behalf. Today, the agent is highly scoped to Olas’ needs and already allows its operator to benefit from contributing to the Olas ecosystem via staking rewards, regardless of their technical background. In the future, this opens up new possibilities for individuals to get access to increasingly capable autonomous AI agents that create valuable outcomes for them, specifically.”

Pearl simplifies the complex world of AI and blockchain, making it accessible to everyday users. By staking OLAS tokens, users can power AI agents that actively participate in the Olas Network, performing tasks and potentially earning rewards. This democratizes AI ownership and accelerates AI development by fostering a more diverse, community-driven environment. Essentially, the more agents on the Olas Network, the better the agents will perform, and the more success all users will have.

The Power of Proof of Active Agent (PoAA) 

Olas recently introduced a disruptive feature called Proof of Active Agent (PoAA) that promises to reshape how the modern world interacts with and benefits from AI technologies. The PoAA mechanism, which supports Pearl and the broader Olas ecosystem, is designed to ensure that agents remain active and contribute meaningfully to the network. Unlike traditional staking models where passive participation is rewarded, PoAA requires AI agents to meet predetermined metrics within given time periods, resulting in better outcomes for users and, thereby, an exponentially and proportionately larger autonomous live agent economy.

Active participation is verified through a combination of data stored on the blockchain (on-chain) and data collected from external sources (off-chain), ensuring the integrity and authenticity of agent activity. Verification is carried out by the Olas Network itself, which uses a transparent and automated system to track and confirm the actions of each agent. For instance, in the case of Pearl, the system might track the frequency and quality of an agent’s interactions with Large Language Models (LLMs) or its performance in prediction markets. Meaning, the system can accurately measure how much and how well the agents are working, ensuring they are authentically contributing to the network.

By rewarding these active and valuable contributions, PoAA enables agents to be active by consistently working towards achieving specific outcomes, which helps create active agent economies.

Building a Thriving AI Economy 

In the Olas ecosystem, there are various ways for people to get involved, contribute, and benefit. Anyone can join one or more of the six Olas roles. As an Operator, individuals can run agents and get a chance to earn rewards. Contributors play a crucial role in growing awareness about Olas and earn points for their efforts. Additionally, Launchers define use cases and attract agent labor, while Builders write agent code and receive rewards. Governors guide Olas, and Bonders provide capital in exchange for discounted OLAS.

The Olas ecosystem creates a powerful flywheel effect: As more productive agent economies emerge, they can use the rewards and value they generate to invest in or support the creation of new economies. This process leads to an ever-growing number of productive agents and agent economies. A self-reinforcing cycle like that of the Olas Network has the potential to accelerate the adoption of AI technologies across various industries.

Adoption Across Applications 

Olas’ approach reduces barriers to entry and simplifies capital requirements for new participants or developers who want to bootstrap their own projects, leading to a more diverse and robust AI ecosystem for all.

The implications of this technology extend far beyond this narrow field. As AI continues to shape our future, the question of who owns and controls this technology becomes increasingly crucial. By allowing everyday people to have a stake in AI development and potentially profit from it, Olas and Pearl are addressing one of the most pressing issues in technology today: The concentration of AI power among a handful of tech giants.

“As more users engage with Pearl and the broader Olas ecosystem, they contribute to a flywheel that leads to ever improving and generalized AI agents, with increasing benefits for end users,” Minarsch shared. “In the near term applications are likely to range from finance to social media, in the future these agents can become increasingly generalized and take on many functions in society, acting on behalf of their owner.”

Final Reflections 

Mass adoption is key for the survival of technological freedom in our modern society. Olas’ PoAA function, exemplified by Pearl, represents a significant advancement in decentralized economic coordination and AI democratization. It is setting the stage for improved privacy, reduced censorship, and increased reliability for all users.

Apps like Pearl offer a glimpse into a future where technology serves the many, where anyone with a computer and an internet connection can participate in and potentially profit from the autonomous AI agent economy. As it continues to advance, Olas has the potential to reshape the blockchain and AI sectors, but also to alter the very nature of how we interact with and benefit from increasingly-intelligent systems.

To learn how you can get involved by taking on a contributing role in the Olas ecosystem,visit https://olas.network/#get-involved

About Olas 

Olas is the platform for co-owning AI. Olas enables everyone to own a share of AI, specifically autonomous agents. Founded in 2021, Olas offers the composable Olas Stack for developing autonomous AI agents, and the Olas Protocol for incentivizing their creation and co-ownership. Olas’ mission is to incentivize and coordinate different parties to launch autonomous agents that form entire AI economies serving all humans. Olas is giving rise to agent economies across major blockchains with over 1,000,000+ transactions. In Olas Predict, AI agents predict the future, using state-of-the-art AI models, then apply their predictions to on-chain markets. Learn more at olas.network.

 About Valory 

Valory is a research and deployment company and its mission is to enable communities, organizations, and countries to co-own AI systems, beginning with decentralized autonomous agents. Valory is the VC-backed team of engineers, researchers, and commercial executors that co-founded the Olas DAO^, contribute to the Olas stack, and built the first services using it. Valory is the pioneer of co-owned AI and the expert in decentralized off-chain systems for DAOs. They collaborate with those interested in decentralizing & owning their own apps.

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