Rivalz Network has officially launched its Intel Incentivized Testnet Event, inviting participants to engage, earn points, and receive rewards. Backed by prominent investors such as Delphi Ventures, Zee Prime, Stakewithus, Cogitent Ventures, D1, M6, 4RC, and GSR, Rivalz is establishing a foundation for the AI web3 landscape with its Decentralized Physical Infrastructure Network (DePIN)-based AI Intel Layer.

Starting on Friday, May 24th, the Intel Incentivized Testnet Event will enable users to actively partake in the deployment of Rivalz’s decentralized node infrastructure. Participants can earn points through various activities and will be rewarded based on their overall engagement with the Rivalz Testnet.

During the "Rivalz Intel Testnet" event, users will accumulate Testnet Points. These points will directly influence the distribution of the Rivalz $RIZ token airdrop, scheduled for Q3 2024. Additionally, top performers on the leaderboard will receive extra rewards.

Participants can earn Testnet points by:
- Running Light rClients, which provide core data storage and processing capabilities to the network.
- Completing social challenges.
- Participating in daily Fragmentz mints, essential for obtaining discounts on the node sale whitelist.

Igor K, CEO of Rivalz Network, stated, "The Initiating Intel Testnet is the first step we’re taking in the journey towards rolling out our AI DePIN. Our AI Intel Layer stands to become the connectivity core for the future of web3 x AI."

Core Components and Functionality

The AI Intel Layer is a crucial part of the infrastructure for web3 modular AI applications. Rivalz operates as a Dymension EVM-RollApp with Celestia Data Availability (DA) and includes a DePIN composed of Light rClients and Validator zNodes.

DePIN Network:
- Light rClients: Provide data storage and processing, available for anyone to run. They contribute data space and limited compute power from their devices.
- Validator zNodes: Serve as a settlement solution for the inflow and outflow of data from the DePIN Layer. These will be sold via the zNode Key Licence Sale.

The DePIN network employs advanced encryption algorithms for secure data handling and blind computation for external data access. It ensures compliant and validated data storage, private data access using Fully Homomorphic Encryption (FHE), and provides validated and trustless data streams for AI applications.

Rivalz’s Native Token - $RIZ
- Used to pay transaction fees and coordinate worker and validator nodes.
- Ensures network security.
- Rewards users for providing valuable data.
- Powers AI applications.
- Allows holders to participate in governance decisions, influencing the network’s development.

Built on Dymension and powered by Celestia’s DA layer, Rivalz aims to create a decentralized peer-to-peer network for modular AI applications, enhanced by programmatic trust and privacy.

The launch of the Intel Incentivized Testnet Event marks a significant milestone for Rivalz Network, paving the way for the integration of AI and web3 technologies, and setting the stage for a decentralized future driven by AI innovation.