Neural AI, a Lagos-based provider of essential support to organizations intending to build and deploy Large Language Models (LLMs), has developed and launched a composable, ready-to-use data and AI compute infrastructure called REACTOR.

Chidera Anyanebechi, the general manager of NeuRaL AI told journalists on Monday that NeuRaL AI’s REACTOR simplifies everything with no self-hosting required, no need to construct and manage complex infrastructure and no operation of machine learning pipelines, caching, or query engines.

The startup also said that with REACTOR, companies do not require management of tens to hundreds of gigabytes of data nor expensive AI engineers or operations teams necessary.

“What we have developed is assuring businesses that no expertise in data science or machine learning is needed to benefit from GenAI. AI has become a leveler for all businesses irrespective of size”, she said. “We handle all the heavy lifting for you”.

According to Anyanebechi, the comprehensive Neural AI architecture gives the user access to a dedicated “Metal Vault” within its virtual compute cluster data center (REACTOR) which includes a dedicated IP and a user-friendly interface.

“We manage everything for you, from initial setup to ongoing maintenance. We will guide you through the entire process shown in the diagram and provide training for your team on how to use the system.

“All this is available starting at just N99k per month (excluding VAT)”.

“Regardless of your industry or company size, from a team of 5 to a workforce of 5000, we can demonstrate how GenAI RAG can help your business achieve more”.

“Additionally, if your company is based in Lagos, we invite you to host us for a 1-hour GenAI adoption workshop tailored to your specific environment and use cases, completely free of charge. For companies outside Lagos, we can arrange a virtual session”, she said.

The NeuRaL AI GM added that developers and software companies who are looking to build AI apps for their customers can leverage REACTOR to host their custom model trained on their own data for the monthly fee of 99k.

“We don’t charge per token as a lot of others do which brings down the cost considerably. It’s a win-win situation”, Anyanebechi said.

The post Nigerian Startup NeuRaL AI Simplifies Gen AI with ‘REACTOR’ Launch appeared first on Tech | Business | Economy.

This course highlights what web3 can be used for and its components.

Component 1: What is Web3?

Web3 is a term used to describe the next generation internet, an internet that is transparent and accessible to everyone.

Web3 allows you to use the internet without having to involve a third party.

While Web2 internet uses a centralised system of network to carry out transactions, Web3 uses a decentralised system where you can make transactions without involving a third party.

Web3 takes away the need for intermediaries or third parties and gives direct access to your digital assets.

It is an internet that is used for art, finance, identity and direct ownership.

Web3 themes include; digital payment through cryptocurrency, direct ownership of assets, freedom from third-party systems, transparency and maintaining trust among partners.

In web3, applications are referred as dapps. It is open and accessible to anyone.

Web3 allows free movement of information where you can move your information anytime you want to use another network (just like moving money from one bank to the other).

The movement behind web3 represents a fundamental change in freeing identity and information from single source control.

To gain access into web3, you need a crypto wallet.

Component 2: What is a Crypto Wallet?

When using web2, you access the internet through a browser, a crypto wallet allows you to gain access to web3 applications (dapps).

A crypto wallet is a form of digital storage designed for web3 applications. They help you store your digital assets like cryptocurrency and NFTs.

You need a crypto wallet to gain access to web3 applications, your wallet is a means for storing and managing your identity with your private keys.

Once you connect to a crypto wallet, it automatically generates a private key known as your “seed phrase”. It is usually a 12 word arrangement that is used to manage and secure your crypto wallet.

A private key acts as a pin to access information in your wallet. It is important to protect your private keys and not share your keys to anyone or else you may lose your information.

Remember the saying “not your keys, not your crypto”.

A crypto address acts as a digital identity, just like banks use account numbers to identify users, a crypto wallet uses crypto addresses.

A crypto address is a string of numbers and letters that represents your identity.

A public address looks something like: 0xe9da7fb25984aef9g7aad9r12 (not a real crypto address).

A crypto wallet can be used to approve transactions, buy cryptocurrency, custody cryptocurrency and manage your web3 identity.

Component 3: What is a Digital Identity?

Technology has moved the world into a digital village where information is stored digitally. Information can be stored or accessed through an email address, account number, home address or medical history.

Digitising identity makes it easy to store and access information, your identity represents proof of who you are. You will always be required to identify yourself from housing, to employment and travel.

With web2 technology, it is often difficult to use multiple networks with a single identity, web3 has made it possible to carry a single identity to different networks and transfer data without tampering with it. You will not have to put yourself through rigorous methods of transferring or recovering data.

Ethereum Name Service (ENS) enables you to customise a domain name that is linked directly to your wallet address. You can customise a name to avoid memorising a lengthy wallet address.

Your ENS name can be used to conduct transactions. An example is jack.eth.

Once a domain name is registered, no one else can own the same name except you sell or transfer it.

Component 4: What is Self-Custody?

Self-custody is the process of safeguarding your information. Usually we leave the responsibility of safeguarding assets to banks and exchanges. These banks have complete control over your information and assets.

Most financial institutions store assets digitally. As a matter of fact, only about 8% of all the money on earth exists physically. The other 92% is stored on a digital network.

There are several challenges faced with relying on these exchanges to custody your assets. If in any case an exchange company goes bankrupt, you are likely to lose all your money.

This means that the bank controls your assets and can take all the permission away. With cryptocurrency, you can self-custody your assets without involving intermediaries.

Cryptocurrency network is open and shared globally. It is also not controlled by anyone, you do not need permission to access this network. The network is what replaces a bank or an exchange company.

Component 5: The Advent of Digital Ownership

Crypto wallets have introduced an era of digital ownership, where you can self-custody your wallet and access your assets whenever you want to.

Before things began to change, ownership meant having access to physical possessions. The owner is the one with right and control of an object.

Although there are different yardsticks to claiming ownership, they are mainly related to physical items. A receipt or tag might be evidence of ownership, it could also be a deed, car or property.

Over the years, ownership did not only transform from having physical possessions, it has also moved to buying and storing digital assets.

Books and records are now sold digitally with a wider outreach to consumers than physical books. It came about with the advent of computers and digitisation.

In 2011, Netflix moved from selling DVD to using online streaming, this made it easier to reach a lot more people that watch movies.

Cryptocurrency is an open, shared decentralised database that uses networks like Bitcoin and Ethereum to create trust among users.

The technology solves issues like hacking and double-spending. Protocols are designed in a way that you cannot duplicate or double spend. Crypto networks have visibly impacted the ability to own and control digital assets.

Component 6: What to know about NFTs and Creators?

While the second-generation internet suffers from copy and paste, web3 network makes it possible to assign ownership to digital assets preventing them from being duplicated.

Non-Fungible Tokens (NFTs) are personal digital assets whether event tickets, access cards or an artwork.

NFTs make it possible to link ownership to items on the blockchain. Think of it like a certificate of authenticity that lets you know if an object is original.

NFTs were introduced to the mainstream market in 2021. Major sales made news among celebrities and artists as well as millions of people buying and selling NFTs directly from the artists.

NFTs represent new ways for creators to monetise their art and connect with different buyers. NFTs have become a platform for creators in the digital space to represent their craft and earn directly from it instead of relying on ad-driven models like social media.

NFTs allow artists communicate directly with their buyers or supporters. Unlike the social networks, NFTs can be bought and sold on different networks.

Component 7: Decentralise Finance

The innovation of cryptocurrency has created a new financial system that enables users to transact directly without a bank, from buying and selling to earning interests.

Decentralised finance is a system different from the traditional financial system. It is a system that is built on using digital currencies like cryptocurrencies.

DeFi enhances speed and transactions among financial systems. It stops the problem of delayed transactions and it is available to anyone around the world.

How DeFi can solve issues within the Financial System?

Low cost energy: the technology uses less energy than physical banks. Ethereum now using the Proof of Stake network, uses nearly ten thousand times less energy than Netflix.

Smart Contracts: the technology allows anyone to verify transactions without it being tampered, this reduces fraud and encourages transparency among users.

Cross-Border Payments: Cryptocurrency payments are generally accepted all over the world, you can send money to someone from Nigeria to Canada without any intermediaries.

The economy has become very global and interconnected across borders, cryptocurrency makes it possible to transfer money across borders without using a bank.

Users are able to interact with these DeFi protocols through a decentralised wallet.

It is important to be sure you are using a decentralised application to store your tokens. Some activities built around DeFi Protocols:

●             Users can swap one token for another. For example, swapping Ethereum for XLM).

●             Ensuring stability in token prices across markets.

●             Users can participate as lenders or borrowers.

●             Sending and receiving assets from and to different networks.

●             DeFi provides high interest rates.

Component 8: The Age of Decentralised Communities

DeFi applications are governed by Decentralised Autonomous Organisations (DAOs).

A DAO is a community that uses Ethereum network to establish rules of agreement and is executed using smart contracts.

DAOs use smart contracts to manage decisions governing transactions, this eliminates the need for intermediaries.

Members of DAOs use tokens to vote decisions governing the protocol, they are people with a defined number of tokens that can suggest changes to an underlying protocol.

This community of governance votes whether they are for or against a proposal, they act as lawmakers that execute rules. DAOs regulate, govern and manage decisions on the blockchain. There are over 4.5million DAO token holders in web3.

The post Components of Web3 appeared first on Tech | Business | Economy.

Designed to cater to the African market, Keymaster VAULT is a secure, NFC-based hardware wallet that stores private keys offline, offering an affordable and user-friendly alternative to expensive and complicated traditional hardware wallets.

Leveraging the simplicity of Near Field Communication (NFC) technology, the Keymaster VAULT allows users to securely access their digital assets by merely tapping their NFC-enabled devices.

This eliminates complex installation processes, making the wallet an ideal choice for both cryptocurrency novices and experienced users. With offline storage of private keys, the wallet significantly reduces the risk of hacks and malware attacks associated with online storage.

“We wanted to create a wallet that combines the highest level of security with ease of use, making cryptocurrency storage accessible to a broader audience in Africa,” said Chidera Anyanebechi, General Manager of Hyperspace Technologies.

“The Keymaster VAULT not only provides an affordable solution but also offers enterprise clients the ability to leverage blockchain-based identity and access management, which we believe will be a game-changer in the industry”, Anyanebechi explained.

The Keymaster VAULT’s advanced encryption technology ensures the utmost security for users’ digital assets. Its compact design and portability make it a convenient choice for individuals and businesses looking to store their digital assets securely without breaking the bank or dealing with complicated setups.

“The African market has long been underserved when it comes to secure and affordable hardware wallet solutions,” added Anyanebechi. “We are excited to bring the Keymaster VAULT to our customers and empower them with a hardware wallet that not only protects their digital assets but also opens doors for innovative applications in blockchain-based identity and access management.”

The Keymaster VAULT is now available for purchase at https://keymaster.ng, giving cryptocurrency enthusiasts and enterprise clients across Africa a secure, affordable, and user-friendly hardware wallet solution.

More about Hyperspace Technologies

Hyperspace Technologies is a cutting- edge Web3 startup based in Lagos, Nigeria. The company is dedicated to developing next-level smart security infrastructure and key management systems for the rapidly growing digital asset space.

Hyperspace Technologies’ commitment to security, accessibility, and affordability drives its mission to empower the African cryptocurrency community with user- friendly tools and products.

For more information, visit https:// hyperspace.ng.

The post Hyperspace Technologies Unveils Keymaster VAULT; A Low-Cost, NFC- Based Hardware Wallet for African Market appeared first on Tech | Business | Economy.