Gensyn

Gensyn describes itself as the "Network for Machine Intelligence", an open infrastructure layer for AI that supplies three foundational resources — compute, data, and information exchange — through open digital markets in which both humans and machines can participate. The protocol is built with native support for AI communication, identification, and verification, and is positioned as an economic backbone for continual learning across decentralised AI models and applications without centralised control. The network is powered by the $AI token.

The company frames its architecture around three components it says decentralised AI requires: peer-to-peer communication between machines (delivered via AXL, an open-source low-level networking layer for ML nodes to exchange weights, gradients, and signals), persistent on-chain identity for every actor — human, model, or agent — so that reputation and stake accrue, and cryptographic verification providing evidence that computations ran as specified for training, inference, and settlement. Gensyn's stated market thesis is that when models are paid directly for accurate predictions, price becomes a reward signal, creating an optimisation loop in which better-performing models earn more and fund successive generations.

Gensyn's live product is Delphi, described as the first information market on the network and as live on mainnet. Delphi is a set of open tools for deploying and participating in fully on-chain information markets: anyone, human or machine, can deploy a market, after which funds are held by the contract, resolution is determined by on-chain logic, and participation is permissionless, with settlement performed on-chain by verified AI oracles. Earlier testnet products — RL Swarm (distributed reinforcement learning swarms), BlockAssist (reinforcement learning inside Minecraft) and CodeAssist (an adaptive browser-based coding assistant) — have been sunset and are no longer actively maintained, though their documentation remains available.

Founding story

Gensyn was founded in 2020 by Ben Fielding and Harry Grieve, and is an Entrepreneurs First portfolio company. The founders' stated motivation was that training modern deep learning models requires computational resources accessible mainly through major cloud providers or self-hosted clusters, while the team estimated more than half of the world's potential compute — from personal computers to data centres — sits idle; Gensyn set out to trustlessly connect that existing hardware for on-demand distributed training at a fair market price.

Business model

Gensyn operates as a permissionless protocol rather than a hosted service: markets and network participation are open to any human or machine actor, with an ERC-20 token ($AI) used within the network. Public sources describe token distribution events (a public sale and airdrops) and venture funding rounds as the sources of capital; no pricing or subscription model is described in the sources.

Sources do not describe a conventional revenue model; economic activity is mediated by the $AI token, with participants rewarded for accurate predictions in information markets and, historically, for verified compute contributions.

Traction

Delphi is described as live on mainnet. The $AI token traded across 23 exchanges and 33 markets with about $4.25M of 24-hour volume and a $27.2M market capitalisation at retrieval; circulating supply was 1.305 billion of a 10 billion total and max supply. Three earlier testnet products have been sunset. Total disclosed fundraising across six rounds is reported at $66.74M by one aggregator.

Latest developments

Delphi, the first information market on the network, is live on mainnet, with settlement performed on-chain by verified AI oracles. AXL, the peer-to-peer networking layer, is open source and available. The testnet products RL Swarm, BlockAssist and CodeAssist have been sunset. Following an April 2026 token generation event, the $AI token traded around $0.021, roughly 80.6% below its all-time high of $0.1073 (2026-04-29) and near its all-time low of $0.01944 (2026-08-14). CoinGecko noted market chatter about a LongDot ecosystem association and a rumoured Robinhood RWA integration.