“Synesis One has the potential to supercharge the power of AI via decentralized nodes and gamified tokenomics that coordinate human actions to drive training data accumulation for AI models,” says Yida Gao, Strategic Growth Advisor
To kick off our week we will introduce you to our Strategic Growth Advisor, Yida Gao. Yida has been a long time advocate of Synesis One — which made him an ideal individual to join us as an Advisor. As he explains:
“I’ve known Josh the cofounder for a while now and wanted to support his next venture which appealed to my interest in leveraging blockchain technology to solve complex AI problems.”
Financial and Tech Background
Yida’s natural understanding of the business- and the world that Synesis One operates in sprang from working in the fintech and crypto spheres for many years. Yida has had a hugely varied career across both these industries.
While Yida is currently a General Partner at Shima Capital, an early-stage global venture firm focusing on supporting blockchain startups, he was previously a General Partner at Divergence Digital Currency, Struck Capital. So this means he has a finger on-the-pulse when it comes to spotting exciting and promising new blockchain ventures.
Prior to Struck Capital he also had significant experience in more traditional financial industries. He worked at the M&A group at Morgan Stanley, where he helped to execute over $15bn in aggregate deal volume. He then began structuring special purpose vehicles with his business partner Adam Struck to invest in tech companies.
He was also a technology investor at NEA, which is one of the world’s biggest VC funds and consequently has built up many links in the tech world. It was this experience that really began to push him into the world of crypto. His time there involved a lot of work on fintech, which naturally paved the way to move into crypto and blockchain:
“I focused a lot of time on fintech at my former fund, NEA, and part of fintech was crypto so I have been involved in the space since 2015,” he tells us.
And in fact the connection with Synesis One extends across a huge number of areas; Yida works with us across a huge number of business areas. As he says:
“At Shima we have in-house teams for community, marketing, talent acquisition and general BD which includes fundraising and high-value introductions. We strive to support Synesis across all of these functions.”
The Power of NFTs and AI Combined
But his passion for NFTs and AI is one of the major factors in his involvement with the company, the fact that we are reshaping the way that AI data is gained and used. He remarks that:
“Synesis One has the potential to supercharge the power of AI via decentralized nodes and gamified tokenomics that coordinate human actions to drive training data accumulation for AI models.”
What is Web 3.0?
As the world of NFTs expands- becoming more and more sought after- there are huge potentials and prospects that this growth holds. The internet and the web are evolving at a considerably rapid rate and NFTs are a particular reflection of this. If we consider the internet’s first iteration to be about connecting us with information, its second is to be about connecting us with one another- about putting the personal in online connection- then what does version 3.0 look like? According to Yida, it is very much ripe for NFTs:
“So Web 1.0 allowed for read-only type of actions. Web 2.0 allowed for read and write functionalities on a global scale. Web 3.0 will enable the ability to ascribe value to any asset — digital or physical — through NFTs. And Synesis also solves the problem of finding all of these NFT assets via their marketplace.“
But it is also the community aspect that appeals to Yida, and one that he feels is almost a natural by-product of the world of blockchain and DAOs. As he states:
“Corporations and LLCs were the precursor of DAOs that allowed for coordination of capital — both human and monetary capital. DAOs are just a more efficient way to coordinate capital in our digital world. The advancement of human civilization by the innovation of corporations and LLCs gives us a window of insight into what DAOs are capable of doing for humankind.”