FirstBatch, specializing in artificial intelligence and zero-knowledge proofs is building a self-sovereign personalization ecosystem that will enable hyper-personalized experiences without the cost of privacy, revolutionizing how online recommendations are made. The team is preparing to showcase their product for the first time at ETH Denver and display the capabilities of their technology to the community.
Personalization is increasingly becoming a key factor in the success of digital products, with TikTok being a prime example. Its hyper-personalization and Interest Graph have helped it beat out any other app in terms of user engagement. However, despite the advancement in personalization frameworks, avoidable user churn is still costing businesses a staggering $450 billion a year. The key to reducing this churn could lie in improving the user experience of first-time interactions and personalization, which can decrease churn by up to 67%. Additionally, users are increasingly concerned about privacy and control over their personalization data, with 70% expressing a desire for such control. Therefore, finding a balance between the benefits of personalization and users’ privacy concerns while also enabling the portability of personalization for tailored onboarding experiences could significantly increase the quality of interactions online.
FirstBatch will bring together users’ interests, content, and products in a ‘Universal Interest Graph’ on top of the blockchain, which will be wrapped with a privacy layer. Any application will be able to access and query this permissionless interest graph to elevate its UX and create hyper-personalized journeys for its users. Combining applications of Zero-Knowledge proofs and blockchain systems, FirstBatch will redefine the relationship between users and algorithms, where users can freely carry their interests across platforms to tailor their journey without worrying about the safety of their personal information.
With the teams’ extensive experience building products on privacy-preserving personalization and AI recommendations, FirstBatch developed a continuous segmentation engine that can understand a user’s interests in seconds. In turn, users are provided with a decentralized FirstBatch ID (FID), which they can use across the web to enhance the quality of their digital interactions with communities, content, and products. During their first early access period in June 2022, FirstBatch generated over 36,000 unique, non-sybil identities in just 15 hours. This growth initiative is a testament to the efficiency and effectiveness of the infrastructure, while also highlighting the interest of the community.
Having confidence in the value of data availability, FirstBatch’s Universal Interest Graph will directly impact business metrics across many verticals such as; E-commerce, NFT marketplaces, Gaming and Decentralized Socials. The team believes that one of the most promising applications of their technology will be in e-commerce, where nearly 450 billion dollars of sales is estimated to be missed annually due to a lack of instant & interoperable personalization.
FirstBatch ID holders can also access a web application, Gravitate, where they can personalize more than 20,000 web2 and web3 sources based on their interests. Users will have access to a wide variety of content on their personalized feed, from recognized sources such as Wired, TechCrunch, Bleacher Report, or Forbes to newer, decentralized sources including Mirror, Farcaster, Lens, DeSo, and more. Through perfect matchmaking between millions of pieces of content and the interests of the user, Gravitate will create a continuous stream of relevant and personalized information. By customizing their algorithm according to sources, interests, or the content’s relevancy level, users can take total control of what they read, anytime. Gravitate will be also available for iOS devices later in the year.
FirstBatch is in a strong position to continue developing its solutions and bring them to market. As the personalization capabilities of FID keep increasing, the ecosystem will evolve into FirstBatch 2.0, making it possible to match users with videos, images, products, and even venues, creating new possibilities to reach and engage with users and customers.
About FirstBatch:
FirstBatch is a blockchain startup with the mission to make personalization decentralized, interoperable, and privacy-preserving.
Media Contact:
Name- Okan Kavurga
Email- okankavurga@firstbatch.xyz
Company- Firstbatch
Website- Firstbatch.xyz
Social media- @firstbatchxyz_
PR Contact:
Name- Arpita Karmakar
Websit- https://newscoverage.agency/
Email- touch@newscoverage.agency
Telegram- @Arpita_nca
This press release was originally published on this site
