Blockchain-based AI infrastructure startup HyperCycle.ai It is making its mark in the wearables market by launching the new HyperRing. It is a strikingly beautiful, battery-free device that uses NFC technology to enable crypto payments and securely store user data in a decentralized manner.
the first Excessive rings It was distributed to delegations and attendees at the conference SuperAI event The company explained that it is in Singapore from June 5 to 6, giving them a way to “secure their wealth generated by the AI economy.”
The launch comes after a long period of development, and represents a significant expansion of HyperCycle's initial vision of creating an “Internet of AI.” The company is known for its zero-log blockchain architecture that aims to democratize artificial intelligence by providing access to… Fast and secure network Powerful computing resources.
HyperCycle's vision is to build a low-cost computing resource for AI developers, so they don't have to rely on centralized cloud infrastructure providers or purchase high-end servers themselves.
To enable this, it created a device called HyperAiBox, a specialized plug-and-play server that allows users to set up and run a distributed network node that works collectively with other nodes to provide computing power to AI models. Users can also connect third-party devices to the network. Node operators receive cryptographic rewards in exchange for providing computing resources to the network.
“Ultra Security” Comfortable and stylish
In keeping with this vision of a decentralized AI future, HyperCycle believes there is a need for its community to better secure the rewards they earn from this new economy, and that is what the HyperRing wearable is all about. Designed as a stylish wearable security device, HyperRing blends its sleek, modern aesthetic with powerful utility, allowing users to secure their AI and crypto assets with advanced encryption, and bring them anywhere they go.
Hyperring It is based on NFC technology For connectivity, but unlike other types of “smart rings,” they do not use batteries, and are not equipped with any sensors. This means that users will never have to charge their ring, and they can be confident that it is extremely safe too.
“HyperRing provides users with an additional layer of security on the AI platforms where digital assets are created, stored and consumed,” the company said. “The smart device uses NFC and MFA (Multi-Factor Authentication) to protect against data theft, identity theft, and impersonation.”
HyperCycle, which spun off from HyperRing as an independent entity, said the wearable combines convenience and security, allowing people to transact online or in person with heightened security. In addition, the ring can also act as a storehouse for a user's confidential data, such as their health records, so they can share this information whenever necessary, keeping it safe from prying eyes.
The company said its new security mechanism uses an Earth64 data structure that supports decentralized verification, similar to something like Apple's Face ID, but is more secure than a hack-prone iPhone.
Users will be able to purchase HyperRing directly, and the company also plans to offer a white-label version for companies that want to brand the product and offer it to their customers.
HyperCycle founder and CEO Tofi Saliba expressed his belief that most of the new wealth creation of the future will come from artificial intelligence systems. As such, his “first priority is to ensure that those involved in operating AI systems secure their wealth using the best technologies that remain inconspicuous, elegant and convenient.”
The launch of HyperRing comes shortly after HyperCycle released a new SDK for developers looking to build intelligent decentralized applications on top of its AI network. The wearable is seen as a key component of the HyperCycle ecosystem, providing users with powerful protection against cyber threats when they interact with AI-powered apps and services.
Joey Zhang, CEO of HyperRing, said the device represents “the perfect intersection between human-centered design and a user-centric commitment to privacy and security.”
Having rolled out its first batch of HyperRings at SuperAI in Singapore, the company is now planning a global rollout, starting in South Korea later this year before expanding to other countries.
This article was written by FM Contributors at www.financemagnates.com.