Two weeks back we ran a community contest for people to tag their favorite #EOSIO dApp and promised to write a review article on it. The aim of the contest was to showcase the number of quality projects we have in the EOSIO ecosystem, but also the diversity of communities across the different EOSIO blockchains.
We saw a powerful response from community members as they voted for just over 20 projects with a 100 unique votes cast! We’d like to thank the community for their participation, and every project that participated in making this contest a success that reached audiences outside our ecosystem.
In the end it came down to one project that managed to grab nearly a third of all votes. To be fair it was a close race for a while, until the one project made a sprint for it towards the finish line. So without any further delay let’s introduce the winner to some of those who may not be familiar with the project.
With the current global coronavirus pandemic people are stuck in their homes with little to do. Most no longer have an income since they’ve had to stop their work until this pandemic can be managed. In the meantime, everyone who’s at home is wondering how they can make money on the internet. Not everyone is a YouTube star, and sites like Twitter, TikTok or Instagram don’t pay for content. People want something they can do regardless of their talents or how big their social following. Something anyone can partake and still be rewarded for.
Effect.ai is an ecosystem consisting of a global community – to deliver artificial intelligence (AI) services to companies, startups, developers and even individuals that are looking to automate some of their processes. Various kinds of entities can utilize Effect.AI’s services to structure data in fields such as Natural Language Processing, Machine Learning Training Data, Deploying AI Services, Translations, and much more.
Essentially any AI-related service you require – Effect.AI can provide. Whether you’re a large corporation or an average Jane, Effect.AI’s global workforce can help provide you with the exact AI service you need, tailored according to your specifications. By leveraging the EOS blockchain Effect.AI is able to create an ecosystem that aligns its values with those of its global workforce.
The global workforce plays a crucial role in Effect.AI’s service offerings, and for their efforts workers are rewarded based on each of their contributions. This plays out well because it incentivizes each worker to stay as active as possible and even goes as far as to gamify the contribution process through the introduction of a leaderboard. Having a global workforce that is active 24/7, is self-driven, and with goals that align with those of the ecosystem – makes Effect.AI a uniquely strong competitor in the AI space.
It’s these exact values that have garnered Effect.AI the favorable attention of government agencies, KPMG, United Nations, and other global entities. Let’s unfold some of Effect.AI’s services because it caters to everyone.
This is the platform that connects Effect.AI’s global workforce with tasks submitted by various entities around the world. Workers on this platform are able to structure large data by tackling them in smaller bundles. And because of its large decentralized global workforce, this quickly scales to completion in a matter of hours, depending on the size and complexity of the data. The harder a task is to do, the bigger its payout. Effect Force’s ranking system ensures that workers continue to complete tasks accurately. The number of tasks and accuracy rating determines a worker’s rank; the higher the rank, the more high-paying tasks a person can unlock.
One of the ways Effect Force sets itself apart from other traditional crowdsourcing platforms is the way microtaskers are treated. From receiving instant payment for completed work to our worker communication channels, our platform truly values the time and effort of the microtaskers who complete work here.Rochelle T
When starting out, workers first need to meet the minimum requirements for each task type by completing what’s known as ‘category qualifiers’. These qualifiers are done once and will vary in difficulty depending on how complex its tasks are. Basically, this is to prove that you’ll be able to effectively handle tasks of that specific category. Tasks are as easy as sorting images according to their ‘male/female’ attributes and can be as complex as detecting clouds above snowy terrain. I failed to qualify for the latter. However, everyone will realize their specialty in different task categories.
To avoid a lengthy article and spoiling other surprises, I’ll go ahead and move on to the next service.
Also, available through the Effect Force platform is Effect Translate, which provides translation and transcription services to whoever needs it. International companies currently pay a lot of money to have their content translated into languages of the territories in which they operate around the world. As you can imagine sourcing a team to do this can be both time-consuming and expensive. With Effect.AI these companies can now access a global workforce that’s available immediately at a fraction of the cost. A workforce that doesn’t sleep and can tackle tasks extremely fast; saving organizations months of work in some instances.
Currently, Effect.AI’s workforce provides translations in the following languages: English, Dutch, Spanish, Italian, Portuguese, Russian, German, French and Georgian. As the workforce expands to be more diverse, along with blockchain adoption, Effect.AI will be able to provide Asian, Middle Eastern, and African languages to organizations. Subtitling, audio transcription, document translations and many more, are all part of the Effect Translate service.
Rosette is a service that’s strictly catered for online media platforms like YouTube to provide subtitles to its large network of content creators. Much like with all the services offered by Effect.AI, any individual can request to have their YouTube content translated into one, two or more languages to help them reach a global audience. Whether it is one video or their entire library of videos, Rosette can meet their needs. Videos that are available in multiple languages have their SEO greatly improved, making it more visible to the global audience.
What most content creators don’t realize is the auto-generated subtitles by Google aren’t indexed by search engines, and with YouTube being the second largest search engine, they’re missing out on potential revenue and followers. Rosette can quickly remedy this SEO issue faster, cost-effectively, and more accurate than any service out there in the market today.Rochelle T
Simple, affordable, and helps content creators grow their channels. “With Rosette we managed to get professional subtitles on our videos to better represent our brand. Very pleased with the quality of the product!”, said MaxDapp, one of the popular YouTuber’s for EOS content.
The Effect Network
Effect.AI is building an open, democratic, and decentralized network for artificial intelligence. The Effect Network (TEN) will be a platform, or network rather, for building complex AI algorithms. This network will be open for anyone to build automation systems.
Individuals and organizations from around the globe can collaborate on projects and choose whether to open-source or privatize their finished products.
Some of the necessary human data inputs in building these projects can still be delegated to the global workforce of the Effect Force platform at cost, although relatively minimal.
The Effect Network will have its own marketplace where ready-built AI algorithms/systems can be bought and sold. Anything from templates that can be tweaked by the buyer in order to fit their needs, to fully operational high-grade AI solutions will be on offer.
Effect.AI’s entire ecosystem, including The Effect Network (TEN), is fueled by the EFX token. Workers on Effect Force are rewarded in EFX tokens for each task completed no matter how small. It is the same token used by buyers to purchase AI products from the marketplace on TEN. Also used in covering costs by parties that wish to delegate tasks to Effect.AI’s global workforce. Basically, if it is on Effect.AI’s network, then it is bought and paid for with EFX. This creates great utility for the token as the network continues to grow.
Users can also stake their EFX tokens and collect on NFX tokens. At the moment these tokens can only be acquired through staking. They cannot be bought or sold, and they will work as a voting and ranking token within The Effect Network, similar to how a decentralized autonomous community (DAC) operates. The more NFX tokens a person has; the higher their ranking and the more privileges they are afforded. Different ranks have different responsibilities on The Effect Network and its governance because the more you stake, the more you’re securing the network. And since NFX tokens can only be earned through staking; the more tokens you own signifies your long term commitment to the project.
I know this is a lot to pack in one post, but since Effect.AI has such a large ecosystem I thought it best to provide a well-rounded summary of its network of services. Even though each service is truly deserving of its own article. You may have gained some understanding of how it works, but I feel the only thing that does this platform justice, is to experience it firsthand.
If you’re a content creator, then you can have one or more of your videos subtitled and/or translated. If you’re looking for ways to earn on the internet while sitting at home, then Effect Force is for you. There are tasks of all sizes and workers can set their own pace. You can do a single 10-second task per day or put in a couple hours of work. Obviously, the more tasks one does, the more they earn and the higher their ranking increases to unlock higher-paying tasks.
I can honestly say some of my most memorable moments in blockchain were doing tasks on the Effect Force platform. For instance, as a traveler I enjoy learning about new places, and doing aerospace tasks I got to see satellite shots of some of the most beautiful and exclusive places in the world.
Having started out with €11 million (approx. $12 million) in funding, Effect.AI has built a fairly good ecosystem and will continue to provide more value into it. As it has a little bit of something for everyone, Effect.AI will likely go on to become one of the biggest networks, not only in blockchain, but globally.
Thank you for reading!
Disclaimer. EOSWriter does not endorse any content or product on this page. While we aim at providing you with all the important information we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.