Navigate
Digital data — valuable resource, especially necessary for creating applications using Artificial Intelligence (AI). Large Language Models (LLMs), content moderation algorithms, programmatic advertising, and enhanced search capabilities rely on high-quality data.
Collecting the necessary data — labor-intensive process. Most online platforms collect user data and use it to generate profit unilaterally.
Navigate — creating a decentralized intelligent platform that rewards community members for creating and contributing data packages, which will be used to train and fine-tune AI models.
The created data sets will be sold to companies that develop and customize AI models and need consumer information for commercial purposes.
Benefits for those who share data include:
Another key feature of the Navigate ecosystem — gamification. Developers are building a social environment where users play games to collect data and, in turn, earn rewards. Mini-games and gaming apps will help Navigate collect the largest data sets, owned and curated by the community, aiding in the decentralization of AI.
User Benefits
Users can participate in Navigate’s "Data Quest" program, earning rewards for providing data and engaging in various activities:
- Generating interconnected data (passive income);
- Actively contributing to cutting-edge AI developments;
- Participating in game loops and competitions;
- Receiving rewards for every action taken;
- Accumulating bonuses for continuous activity;
- Earning big prizes for climbing the leaderboard;
- Co-owning the decentralized intelligence layer (data layer).
Team
The project is led by professionals with experience in AI application development and holding leadership positions in major companies. The team consists of 12 members, 4 of whom are based in the USA and 8 in Pakistan.
- Ali Husain — co-founder and CEO.
An experienced IT specialist with a decade of expertise, specializing in AI, drone technologies, game design, and Web3 products. He holds multiple patents in AI and Web3 technologies.
Ali began his career at Microsoft, where he led the development of the Dynamics AX mobile application suite. He then joined SparkCognition, an award-winning industrial AI company, and contributed to the first version of IBM Watson’s natural language processing platform.
He later served as the Chief Software Architect and then Product Director at SkyGrid (a joint venture between Boeing and SparkCognition), recognized by Forbes in 2021 as one of the top 50 blockchain companies. At SkyGrid, Ali led the team that developed the first UAM platform, which used AI and blockchain to integrate small drones into the national airspace.
https://www.linkedin.com/in/ali-husain1 - Amir Husain — co-founder and chairman.
A renowned entrepreneur and AI technology expert from Austin, USA. He has gained recognition for his pioneering work in AI, being named one of "Austin’s Top Entrepreneurs" and included in the "40 Under 40" list of leading entrepreneurs. Under his leadership, SparkCognition achieved unicorn status with a valuation > $1 billion.
Amir serves on the boards of SpecFive and Mesh Network.
He previously led the tech company SGS and was the CEO and Chairman of SkyGrid. With over 30 patents in AI and distributed systems, Amir is also the author of the book «The Sentient Machine» and co-author of «Hyperwar: Conflict and Competition in the AI Century».
https://www.linkedin.com/in/amirhusain?trk=org-employees - Rumi Morales — executive director.
A finance and investment expert with deep knowledge of fintech, blockchain, and AI. She previously worked at Goldman Sachs, CME Group, and the Tier 1 venture crypto fund Digital Currency Group.
Rumi is also a board member of an investment fund and a leading accelerator for crypto startups — Outlier Ventures.
https://www.linkedin.com/in/rumimorales?trk=public_post_feed-actor-name
Investors
The first stage, which helped the team gain experience and connections — was completing the incubation program at Outlier Ventures.
- Outlier Ventures — crypto fund that has been investing in blockchain projects since 2014. It is renowned for being one of the world’s top accelerators for crypto startups. Their "Base Camp" program regularly runs themed camps with emerging development teams, helping them grow their projects and investing in the best of them.
Later, in 2022, the project raised $7.6 million in a Seed round with the following investors:
- The lead investor was Distributed Global — major American investment fund based in California. The fund focuses exclusively on digital and crypto assets, investing primarily in early-stage rounds.
Portfolio includes: Solana, Sei, Nervos Network, Casper Network, the financial oracle Pyth Network, and the AI-based identification protocol Worldcoin. - The venture arm of the well-known American centralized exchange Kraken, which actively invests in crypto and fintech startups.
- British billionaire and founder of his namesake hedge fund Alan Howard, who has invested in blockchains like Near, Polygon, and Mina.
- One of the leaders of the international financial corporation Nomura — Jez Mohedeen with Japanese roots. He is also the founder and CEO of the Web3 fund Laser Digital.
Token Utility
$NVG8 is the central token of the ecosystem, supporting the functionality of the economic model and encouraging participant engagement in its development.
- Rewarding users for their contributions;
- Paying for access to data packages;
- Using the Navigate API for integration into third-party applications;
- Paying for AI assistant training;
- Rewards for staking.
Tokenomics
- Token ticker: $NVG8
- Total supply: 1 billion
- Network: Arbitrum (Ethereum L2)
- Our round: Strategic ($5 million)
- Round evaluation: $70 million
- Token price: $0.07
- Evaluation at launch: $150 million, price: $0.15
- Conditions: 5% unlock at TGE, with 95% linear unlock over 3 years.
- TGE: Q4 2024
The token listing is planned on OKX and ByBit exchanges, with negotiations underway for launching on their launchpads.
Social networks & links
🌐 Website: https://nvg8.io/
💻 X(ex.Twitter): https://x.com/navigate_ai
💻 Discord: https://discord.com/invite/nvg8
💻 Blog: https://paragraph.xyz/@navigate
Why was the Navigate project selected for #portfolio_InsiderClub?
- Demand for the project's direction:
According to UnivDatos, the AI training data market is valued at $2.4 million, and its compound annual growth rate (CAGR) is expected to be around 21.5% during the forecast period (2024-2032). - Strong team background: Experience at Microsoft, SparkCognition (valuation > $1 billion), and SkyGrid.
- Strong investor support in Seed round: Distributed Global, Kraken's venture capital arm, Alan Howard, Nomura — invested $7.6 million
- Potential profit: The token price and round valuation are twice as high as the Strategic round conditions.