Neo has announced a new partnership with Phoenix, a decentralized AI infrastructure provider. The two entities will work together to explore how AI can accelerate blockchain technology and drive mass adoption of Neo
The Phoenix ecosystem consists of two main components: SkyNet and Phoenix LLM. SkyNet is an elastic computing layer that can deliver and scale workflow tools, rapid deployment features, and AI computing. Phoenix LLM is a customizable large language model platform that can process and generate text that resembles that produced by humans.
The Phoenix team aims to build solutions applicable to the following industries: markets and trading, research and knowledge, gaming and metaverse, financial services, Internet of Things and edge computing, and cloud computing. Some of the industry partners that Phoenix has established are Binance, Tencent Cloud, Alibaba Cloud and Alchemy Pay.
Neo’s partnership announcement notes that the two organizations will explore various use cases using Phoenix’s solutions.
First, with AI computing services, SkyNet will provide computing services for the Neo ecosystem. Secondly, AI content generation will also use Phoenix to generate content for NFTs, GameFi, and metaverse applications. Finally, Phoenix’s AlphaNet is slated to provide AI trading signals for decentralized exchanges in the Neo ecosystem. Neo’s announcement noted that Flamingo Finance is currently in discussions with Phoenix to explore the use of AI to enhance its platform.
History of Phoenix in the Neo Ecosystem
While the Phoenix team includes new leadership, the entity’s origins date back to 2017 with the first public token sale on Neo, Red Pulse. Red Pulse started as a subscription newsletter focused on China’s capital markets, but evolved into a market intelligence platform that connected Western investors to information on China’s markets. In 2019, Red Pulse introduced the Phoenix product, designed to use machine learning and natural language processing to implement full and semi-automated matching of insights and industry experts with customers.
By 2019, the platform had attracted nearly 250 freelance contributors who shared insights about China’s capital markets and earned PHX tokens. Additionally, the team was tailoring services to private and institutional clients through various offerings, and began exploring more AI-based solutions. That same year, Red Pulse integrated support for Binance Smart Chain and hosted the PHX token on Neo and the PHB token on Binance Chain.
In 2021, prior to the launch of Neo N3, the team ended support for Neo Legacy and asked users to migrate tokens from Neo to Binance Smart Chain.