Rivalz Network, a pioneering force in the realm of decentralized AI infrastructure, has officially launched its highly anticipated Intel Incentivized Testnet Event. This transformative initiative invites participants to actively engage, earn valuable points, and receive rewarding incentives, all while contributing to the development of Rivalz's cutting-edge Decentralized Physical Infrastructure Network (DePIN)-based AI Intel Layer.

Backed by a formidable consortium of prominent investors, including Delphi Ventures, Zee Prime, Stakewithus, Cogitent Ventures, D1, M6, 4RC, and GSR, Rivalz is steadfastly establishing a solid foundation for the AI web3 landscape. The Intel Incentivized Testnet Event, which commenced on Friday, May 24th, provides a dynamic platform for users to immerse themselves in the deployment and testing of Rivalz's decentralized node infrastructure.

Participants in this groundbreaking event will have the opportunity to earn Testnet Points through a variety of engaging activities, such as running Light rClients, which play a crucial role in providing core data storage and processing capabilities to the network. Additionally, users can earn points by completing social challenges and participating in daily Fragmentz mints, which are essential for obtaining discounts on the node sale whitelist.

The Testnet Points accumulated by participants will directly influence the distribution of the Rivalz $RIZ token airdrop, scheduled for Q3 2024. Furthermore, top performers on the leaderboard will be rewarded with extra incentives, further incentivizing active engagement and contribution to the Rivalz ecosystem.

At the heart of Rivalz's vision lies the AI Intel Layer, a pivotal component of the infrastructure for web3 modular AI applications. Rivalz operates as a Dymension EVM-RollApp with Celestia Data Availability (DA), encompassing a DePIN network composed of Light rClients and Validator zNodes.

The Light rClients serve as the backbone, providing data storage and processing capabilities that are accessible to anyone who wishes to contribute. These nodes harness the collective power of individual devices, creating a decentralized and resilient data infrastructure. The Validator zNodes, on the other hand, act as a settlement solution, ensuring the secure and compliant flow of data in and out of the DePIN Layer.

Rivalz's native token, $RIZ, plays a multifaceted role in the ecosystem. It is used to facilitate transaction fees, coordinate worker and validator nodes, and ensure network security. Additionally, $RIZ rewards users for providing valuable data, powers AI applications, and allows holders to participate in governance decisions, shaping the network's future development.

The launch of the Intel Incentivized Testnet Event marks a significant milestone for Rivalz Network, as it paves the way for the seamless integration of AI and web3 technologies. This groundbreaking initiative sets the stage for a decentralized future driven by AI innovation, where users can actively contribute, earn rewards, and shape the evolution of this transformative ecosystem.