What Do We Know About Vectorspace AI ($VXV)?

30.09.2022

Sep 30, 2022

5 min read

Vectorspace AI (VXV) is a data-driven crypto project largely focused on space-bioscience.

Its eponymous name is almost self-explanatory. Vectorspace AI generates qualitative datasets using machine learning algorithms. The machine learning approaches employed are natural language understanding (NLU) and natural language processing (NLP). It also features a financial informatics solution that provides datasets to help researchers accelerate projects using artificial intelligence (AI). To be clear, financial informatics refers to the behaviour of systems that store, process, and transmit financial data.

In addition, the crypto project appears to target financial markets, having built algorithms for data-driven trading opportunities. VXV has also been used in the management of several public companies as well as in the counsel of hedge funds. Regarding cryptocurrencies, Vectorspace AI seeks to provide a bridge between the traditional and crypto markets. This article will give you in-depth information about this machine learning-based project, including how it works and what makes it unique. This may also help you if you are considering investing in the project.

How Does Vectorspace AI Work?

Vectorspace generates datasets through language modelling and a network of scientific data engineering processes. Data on thematic investment in the traditional stock market is also generated. Thematic investing entails spotting investment possibilities by analyzing macroeconomic patterns.

Most importantly, Vectorspace AI’s datasets are protected and powered by the VXV token. Buying VXV and storing it in a wallet turns it into a tradable wrapped asset for a variety of data-related uses. Some of this utility include dataset design and creation, machine-to-machine transactions, and on-chain data governance. Additionally, datasets can be retrieved from revenue distribution partners like Bloomberg and disseminated using the VXV wallet-enabled key. The amount and type of VXV in a wallet determines access to the platform’s hundreds of tiered service levels. It is also worth noting that the big data-related token can be purchased by any individual or organization from any industry.

Founders of Vectorspace AI

Vectorspace was launched in 2016 by CEO Kasian Franks, a seasoned data engineer, and serial entrepreneur. Kasian has previously founded several startups, including Mimvi Inc. and SeeqPod. The data-focused company originated as a project in the Biosciences section at the Lawrence Berkeley National Laboratory. The project initially entailed developing an identification system concerning breast cancer, chromosomal abnormality, and human life extension for deep space flight.

Following that, Kasian’s team applied what they had learned to the financial markets. They postulated that human genes are similar to stocks or cryptocurrency and then devised a profitable system for hedge funds.

As a result, Vectorspace’s present team include professionals in biospace sciences, life sciences, and finance, all of which have experience with AI applications. Mike Muldoon, the CTO, has a proven track record of effectively directing massive projects from inception to completion. He also brings over 20 years of experience and he has previously worked with Kasian at SeeqPod. Dr. Raf Podowski, a notable scientist, is another important member of the team.

What Makes Vectorspace AI Unique?

VXV is unique in that it combines AI, crypto, data, and hedge funds. Vectorspace’s main point of differentiation is its ability to provide powerful datasets to new customers. This project is extremely important in the artificial intelligence sector, and corporate titans like Microsoft appear to value it.

Furthermore, Vectorspace AI provides highly desired features to researchers, particularly when it comes to information interchange employing machines with minimal error. The project is particularly appealing to investors and hedge funds since it basically generates profits for them. Apart from that, the big data sector has a lot of promise and is one of the most sought-after industries.

What Gives VXV Value?

VXV is used in traditional markets to design, develop, disseminate, and trade datasets. Users that hold long-term investments in the project influence the value of the VXV utility coin. However, top-tier clients are prohibited from flooding the market as required.

The token does not necessarily function like security or currency. Instead, it serves as a public trading vehicle that may be swapped or traded by anyone in global marketplaces. Customers can also acquire blocks of VXV and outbid other customers to gain control of specific private datasets. With regards to the firm’s revenue-first strategy, half of the revenue is spent on purchasing VXV on the open market. This is due to the fact that VXV is necessary to track data origin, history, governance, and on-chain data.

How to Exchange Vectorspace AI (VXV)?

Swapping any crypto asset for VXV is a breeze with Swapzone, which compares over 15 exchanges to ensure you pay low transaction fees. To buy VXV with your coin follow these simple steps: