Raiinmaker | Train AI. Earn Rewards.

Company Overview

Raiinmaker is a Web3 and AI technology company that has developed the Raiinmaker AI Super App and Raiinmaker Network Protocol. The company was established in 2018 to explore the intersection of loyalty rewards, influencer marketing, and the creator economy. Raiinmaker aims to disrupt traditional models by empowering content creators to earn cryptocurrency through their social capital.

The company is based in Sheridan, Wyoming and operates in the blockchain, artificial intelligence, and decentralized technology spaces. Raiinmaker’s core offering is a decentralized AI ecosystem that allows users to train AI models, validate data, and earn rewards.

Products Overview

Raiinmaker’s main products include:

1. Raiinmaker AI Super App - A mobile application that allows users to generate AI content, train Stable Diffusion models, and earn $COIIN cryptocurrency for contributing to AI decentralization.

2. Raiinmaker Network Protocol - A blockchain-based infrastructure that enables networks and digital systems to optimize privacy, security and performance through dynamic incentives and independent reputation.

3. Coiin Console - A web platform for users to manage their Raiinmaker account, become validators, add identity factors, and interact with the Raiinmaker ecosystem.

4. $COIIN cryptocurrency - The native token of the Raiinmaker ecosystem used for rewards and transactions.

The platform supports multiple blockchain networks including Ethereum, Solana, Polygon, Base, and others.

Founding Team

The founding team of Raiinmaker includes:

• J.D Seraphine - Founder and CEO
• Benjamin Gerry - Founder and COO
• Joe Roets - Co-Founder and CTO
• Ray Parker - Co-Founder and CPO

Problem and Market Fit

Raiinmaker aims to solve several problems in the AI and blockchain space:

1. Centralization of AI development and data - By allowing users to contribute to AI training, Raiinmaker decentralizes AI development.

2. Lack of rewards for digital contributions - The platform rewards users with cryptocurrency for their contributions to AI training and validation.

3. Privacy and security concerns in AI - Raiinmaker’s decentralized approach aims to improve privacy and security in AI systems.

4. Lack of interoperability between blockchain networks - The Raiinmaker Network Protocol supports multiple chains to enhance interoperability.

The company is positioning itself at the intersection of decentralized AI, blockchain technology, and the creator economy - all rapidly growing markets with significant potential.

Business Model

Raiinmaker’s business model appears to be based on several revenue streams:

1. Transaction fees from the Raiinmaker Network Protocol
2. Partnerships with enterprises to utilize the Raiinmaker infrastructure
3. Potential licensing of AI models trained on the platform
4. Value accrual to the $COIIN token ecosystem

The company incentivizes users to participate in the ecosystem by rewarding them with $COIIN tokens for various activities like AI training, validation, and network participation.

Funding and Runway

In March 2024, Raiinmaker raised a $7.5 million seed round co-led by Jump Capital. This funding is likely providing runway for the company’s current operations and development.

Competitive Landscape

Raiinmaker operates in a competitive space at the intersection of AI, blockchain, and Web3. Some potential competitors include:

• Decentralized AI platforms: Ocean Protocol, SingularityNET
• Web3 social/creator platforms: Lens Protocol, DeSo
• AI-focused blockchain projects: Fetch.ai, Oasis Network

However, Raiinmaker’s focus on user-powered AI training and validation, combined with its multi-chain approach, appears to be a relatively unique offering in the market.

Customers

The company does not publicly list specific customers, but mentions that it is working on integrations with large-scale enterprise partners, including native apps for national sports teams (NFL, NBA, MLB), gaming and entertainment partners.

Relevant News

• March 2024: Raiinmaker raised a $7.5 million seed round co-led by Jump Capital to further develop its web3 AI platform.

• July 2023: Raiinmaker launched a decentralized physical infrastructure (DePIN) app on the Solana Mobile dApp Store, allowing users to train AI models and earn rewards.

• July 2023: The company partnered with Magic Eden to launch “Raiinmaker Awakens” NFTs, celebrating the launch of the $COIIN token.

• July 2023: Raiinmaker joined the AIOZ W3AI Whitelist Program, advancing its work in decentralized AI and Web3 technology.

The company has an ambitious roadmap, with plans to launch AI model training features, data labeling capabilities, and full enterprise application deployment throughout 2024.