Fisher Vista

Locus Chain and Creta Unveil Ambitious Plans for Blockchain and AI Integration at New York Event

October 17th, 2024 3:00 PM
By: FisherVista

Locus Chain and Creta presented their vision for blockchain and AI integration at a high-profile event in New York City, garnering support from global business leaders and investors. The companies aim to address challenges in AI data management and create a new ecosystem for content creation and distribution.

Locus Chain and Creta Unveil Ambitious Plans for Blockchain and AI Integration at New York Event

In a significant development for the blockchain and artificial intelligence industries, Locus Chain and Creta unveiled their strategic vision and technological capabilities at a high-profile event in New York City on September 25, 2024. The gathering, hosted by global financial partner Lloyds Capital, brought together prominent entrepreneurs, financiers, and industry leaders from around the world to explore the potential of these cutting-edge technologies.

The event showcased Locus Chain's highly scalable blockchain technology and Creta's innovative Web3 gaming and entertainment ecosystem. Presentations by key figures, including SangYoon Lee, CEO of Locus Chain, and Ray Nakazato, CCO of Creta, highlighted the transformative potential of their technologies in addressing current industry challenges and shaping future innovations.

Dr. Young-bae Moon, Vice President of Bloom Technology, emphasized the critical role of high-performance blockchains like Locus Chain in managing AI-generated data and mitigating potential risks associated with artificial intelligence. He proposed that Locus Chain's superior speed and scalability could effectively manage foundational and AI-generated data, potentially revolutionizing data rights protection and enhancing AI development processes.

Thomas Vu, former Executive Producer of League of Legends and newly appointed CIO of Creta, presented the platform's vision for a next-generation community model. Ray Nakazato, Creta's CCO, outlined plans to leverage AI technology to simplify content development and create a seamless ecosystem for content production, consumption, and investment.

The event also featured presentations from Hyuk-il Kwon, co-founder of Naver and chairman of Naver HappyBean Foundation, who introduced the AI avatar system Quavatar and the GiveFy project, aimed at expanding global donation ecosystems. These initiatives garnered significant interest, particularly from United Nations representatives in attendance.

The gathering attracted support from major global entities, including SK Group, Naver, Republic, AllianceBernstein, and India's Bankai Group. These organizations expressed interest in exploring collaborations with Locus Chain and Creta to drive innovation and address societal challenges.

Mike Pompeo, Chairman of Lloyds Capital, expressed strong optimism about the partnership with Locus Chain and Creta, highlighting their potential as key technologies for overcoming future industry challenges. The event also saw the announcement of a $1 billion Creta ecosystem fund, established in partnership with Lloyds Capital, to drive global business development.

The presentations and discussions at the event underscored the potential impact of Locus Chain and Creta's technologies on various sectors, including AI data management, content creation, gaming, and social impact initiatives. The integration of blockchain technology with AI and Web3 concepts promises to address critical issues such as data security, content ownership, and ecosystem sustainability.

As the blockchain and AI industries continue to evolve, the strategic vision presented by Locus Chain and Creta at this event signals a significant step towards creating more robust, efficient, and user-centric digital ecosystems. The support from global business leaders and investors suggests growing recognition of the transformative potential of these technologies in shaping the future of digital industries and addressing broader societal challenges.

The event in New York City marks a pivotal moment in the development of blockchain and AI technologies, potentially setting the stage for new collaborations and innovations that could reshape various sectors of the global economy. As these technologies continue to mature and integrate, their impact on industries ranging from finance and gaming to social impact initiatives is likely to grow, promising new opportunities and challenges for businesses and society at large.

Source Statement

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