MyShell AI Protocol (SHELL)

MyShell is a decentralized platform designed to revolutionize the creation, distribution, and monetization of AI-created content. It integrates open-source AI models, Web3 infrastructure, and tokenized incentives to enable developers to create, customize, and benefit financially from AI-powered agents in a fully decentralized ecosystem.

Core Technology & AI Models

Essentially, MyShell AI is a marketplace that is creator-focused, and users are capable of interacting with and profiting from AI applications. Developers can craft AI agents, from chatbots to voice clones, and release them as decentralized apps. Unlike traditional AI platforms, MyShell app gives creators full ownership and direct monetization without intermediaries. The platform offers text, voice, and generative AI model support, allowing developers to build personalized, interactive experiences. 

Decentralization & Fair Monetization

MyShell is transforming AI ownership. Instead of relying on centralized companies to own AI models and profit from user data, the platform gives creators full ownership of their work. AI services run on smart contracts to ensure transparency and an open-source repository allows community-driven AI development.

Creators are paid directly by users who interact with their AI models, and MyShell's tokenized reward system ensures fair value distribution. This eliminates exploitation on centralized AI platforms where companies gain at the expense of creators.

Fundraising & Partners

MyShell has successfully raised $17.48M across multiple funding rounds, securing strong backing from led investors such as DragonFly Capital and Binance Labs. The project conducted its IDO on PancakeSwap, raising $880K.

Key funding rounds include a Pre-Series A round on March 27, 2024, where they raised $11M. Earlier, the Seed round in October 2023 raised $5.6M, backed by INCE Capital, HashKey Capital, and Signum Capital, valuing MyShell at $57M at the time.  

Additionally, Binance Labs (YZi Labs) participated in an undisclosed round, further reinforcing confidence in MyShell’s vision of revolutionizing AI-powered applications. It also collaborates with Story Protocol, PancakeSwap, and Binance Wallet, providing strong infrastructure and compatibility across the Web3 ecosystem.

$SHELL Token Utility

The native MyShell token powers the entire MyShell ecosystem, serving as the basis for transactions, incentives, and governance.

• Users pay in $SHELL to access and utilize AI models and services;
• Developers earn $SHELL rewards based on user engagement with their AI applications;
• Developers earn $SHELL rewards based on user engagement with their AI applications.

The Future of MyShell AI crypto

As Web3 and AI come together, MyShell is leading the charge in decentralized AI creation. With a rapidly expanding user base, robust industry alliances, and groundbreaking monetization strategies, the platform can potentially become the go-to AI ecosystem for creators.

✅ MyShell Pros:

• Excellent growth marketing;
• Strong SEO and PR;
• Backing from Binance Labs & DragonFly Capital;
• Fast-growing Web3 adoption with 2M+ users;
• A fully decentralized AI marketplace with direct monetization for creators;
• Successful IDO on PancakeSwap, raising 114x its target within hours;
• Binance listing and HOLDer drop.

❌ MyShell Cons:

• No available whitepaper;
• Lack of information regarding security audits;
• Highly competitive AI and Web3 space, where many similar projects are emerging, posing challenges for differentiation.