Crunch Joins Solana Incubator to Advance Decentralized Predictive AI

• With assistance from the Solana Labs team, Crunch will expand its decentralized prediction network in this cohort.
• After starting the first iteration of the Incubator program in early 2024, this is Solana Lab’s second iteration.

Crunch has been approved for the Solana Incubator program in New York’s Cohort 2. The Solana Labs team will provide Crunch with specialized assistance during the program. A worldwide, decentralized network of about 7,000 machine learning engineers, scientists, and researchers may be mobilized via the Crunch platform. This community builds sophisticated Machine Learning models with better performance than any typical centralized team could hope to achieve in a high-stakes, predictive challenge format.

After starting the first iteration of the Incubator program in early 2024, this is Solana Lab’s second iteration. The three-month initiative aims to hasten the development of the next Solana blue-chip firms. With assistance from the Solana Labs team, Crunch will expand its decentralized prediction network in this cohort.

Through its distinctive community and practical use cases with major institutional players like ADIA Lab (Abu Dhabi Investment Authority Research Lab), its partnership with Nobel Laureate Guido Inbens on Causal AI, and, more recently, its work in the healthcare vertical with the Broad Institute at MIT and Harvard, Crunch has established itself at the nexus of AI and the Web3. As a consequence, it has shown that its procedure can work with industry and research.

By serving as a coordination layer, the platform links companies with machine learning requirements with a worldwide network of researchers and data scientists known as “crunchers,” who can take in data and parameters and create a variety of machine learning models that can precisely forecast the outcomes these companies require. The CrunchDAO approach revolves upon the “Crunch,” a particular prediction challenge designed to satisfy customer-specific demands.

The enormous international community surrounding CrunchDAO is able to concentrate its combined efforts on a single issue and apply a very wide range of viewpoints, experience, and creativity because the challenges are extremely competitive and offer substantial rewards. The best models from these contests are combined into prediction feeds, and when more competitions are held, the model’s accuracy is improved via ongoing learning.

Jean Herelle, CEO of Crunch stated:

“Being accepted into the Solana Incubator is a pivotal milestone for Crunch. Solana’s unparalleled speed and scalability align perfectly with our mission to democratize access to predictive intelligence. This support strengthens our ability to innovate, empowering a global network of contributors to redefine what’s possible in decentralized prediction modeling.”

Crunch Lab, which allows “crunchers” worldwide to design and build their best predictive models without investing the enormous resources required for raw data, will be supported by the Solana Incubator. This allows them to quickly and affordably create revenue-driving models. The crunchers will be able to retain both scalability and security as they implement their predictive financial models into the ecosystem thanks to the high performance, scalable Solana blockchain.

Emon Motamedi, head of the Solana Incubator stated:

“We’re excited to have Crunch join the Solana Incubator. Crunch’s unique approach to leveraging collective intelligence for better predictive insights is an exciting application of Web3, and we’re delighted to support them on this journey.”