Web3 industry leaders have launched a non-profit organization called the Decentralized AI Society (DAIS), dedicated to tackling the probability of the monopolisation of the Artificial Intelligence (AI) industry, the chair of DAIS, Michael Casey told CoinDesk in an interview on the sidelines of Token 2049 on Tuesday.
The crypto market has lost almost 50% of its total market capitalization in 2022. The sector experienced a two-year bull run which has come to a halt leading to unexpected implications across other industries.