Exploration of AI Data Assetization: Interview with Pundi AI Co-Founder

Recently, Pundi AI was attacked by hackers, resulting in the abnormal issuance of 1 million tokens. The team acted quickly, successfully recovering and freezing nearly 90% of the stolen funds, and advanced over a million dollars to fully compensate users. However, the project was notified by the Korea Digital Asset Exchange Association (DAXA) to be delisted due to "untimely information disclosure."

To gain a deeper understanding of the events, PANews exclusively interviewed Danny Lim, co-founder of Pundi AI. He detailed the attack process, response measures, and communication with regulatory authorities, while also sharing his thoughts on the development of the Web3 AI industry.

Hacker Attacks and Response Measures

Danny introduced that on the afternoon of July 12, hackers exploited a vulnerability in the token migration contract to launch an attack, generating an additional 1 million PUNDI tokens in a short period of time. The team quickly took measures such as freezing and tracking, ultimately successfully recovering 87% of the stolen assets. To avoid alerting the hackers, the team chose to protect the assets before making information public, but this decision also led to the controversy of "untimely information disclosure."

Danny stated that this attack exposed a hidden security vulnerability, where hackers gained contract administrator privileges through a "race attack." He reminded all project teams planning to migrate tokens or upgrade contracts to be vigilant about this potential risk.

Challenges of the South Korean Market

Pundi AI has been in the South Korean market since 2019, accumulating hundreds of thousands of users. The recent removal has had a huge impact on the project's liquidity, and Danny admitted that relaunching will be very difficult. However, he stated that the trust of community users in the project has greatly encouraged the team.

Regarding future plans, Danny proposed three major directions:

1. Increase investment in decentralized exchanges to provide users with sufficient liquidity.
2. Vigorously promote new AI data products
3. Launch the token buyback and airdrop plan to reward users who support the project.

The Vision of AI Data Assetization

Danny highlighted Pundi AI's new product, Data Pump, describing it as "the Launchpad for AI datasets." Users can package various types of content data into NFTs and tokenize them, achieving assetization and monetization of data.

Compared to other Web3 AI projects, Pundi AI focuses on high-quality data in specialized niches and has developed AI AMM capabilities. Danny stated that currently, Pundi AI has PB-level data storage on-chain, which is a leading level in the Web3 field.

The Development Bottlenecks of Web3 AI

Regarding the current state of the Web3 AI industry, Danny believes that the main bottleneck lies in the lack of truly life-changing applications. He pointed out that "decentralized computing power" is currently more of a pseudo-proposition, and the real value of blockchain in the AI field lies in privacy protection at the data level.

Danny predicts that the Web3 AI sector is about to see a real boom, but we may need to wait for traditional AI giants to actively embrace blockchain technology to provide users with data protection features. He believes that this day is not far off.