GEORGE TOWN, CAYMAN ISLANDS — April 25, 2024 — Pulsr, an AI-powered search engine for NFTs, has officially launched its native token $PULSR. The genesis event took place at 11:30 AM EST, fueling the project's ambition to make on-chain assets across the Web3 ecosystem more visible.
The Discovery Gap: Why NFTs Need a Better Search
Founded in 2021, Pulsr identified a critical flaw in the NFT space: platforms struggle to index collectibles across multiple blockchains and media types. This forces creators to spend time and skill building communities on separate social networks, while newly minted pieces are penalized by algorithms, and audiences find it difficult to locate content they love. This “discovery gap” has hindered mass adoption of NFTs.
AI-Powered Metadata Enhancement
Backed by prominent venture capital firms including Spartan Ventures and Sequoia, Pulsr utilizes artificial intelligence to enhance the metadata of both past and present non-fungible tokens. Using computer vision and deep learning, the platform accurately analyzes visual and audio content, labels it, and conceptualizes it into text — unlocking a new era of search engine optimization for digital assets.
Whereas searches for affordable pixel art, penguin-themed NFTs, or on-chain art inspired by techno music would have once yielded little to no results, Pulsr scours the entire Web3 landscape. Users can find exciting collections based on their preferences, instead of relying solely on word of mouth. Enthusiasts with existing art in their wallets can discover similar creations, connect with like-minded collectors, and bookmark inspiring NFTs.
NAME: NFT Automated Metadata Enhancement
Another key service is NAME (NFT Automated Metadata Enhancement). Creators about to mint their collection can opt into having detailed metadata labels generated using AI-enabled computer vision. Key attributes about the artwork — covering everything from materials and style to colors and shapes — become searchable in marketplaces.
Pulsr founder Maxine Ryan stated: “Pulsr delivers automated and compounded indexing for non-financial assets on the blockchain for the very first time. Our technology is a crucial step toward increasing the adoption of NFTs. The world of digital art is now multi-chain and multi-medium — and we'll be supporting talented content creators every step of the way.”
$PULSR Token Utility
The $PULSR token is designed with real utility. A portion of tokens has already been allocated to the community and can be earned by anyone using the NFT search engine or other services in the ecosystem. Fees are paid whenever platforms or individuals use Pulsr to boost the visibility or searchability of NFTs. Marketplaces also pay a commission if sales are generated from traffic directed from Pulsr. This income is then used to buy back $PULSR and distribute it back to stakers.
Minting partners need to hold the token to access NAME for a defined period, and tokens are gradually burned as the contract concludes. Holding $PULSR brings a plethora of exclusive perks — including access to online and IRL events celebrating art, technology, and Web3, along with curated merchandise. It also unlocks the ability to suggest features and vote on proposals. Larger token holders can offer feedback directly to the team as the roadmap unfolds.
The foundational features of Pulsr are open to all, but $PULSR holders benefit from premium discovery features that deliver a better experience and more powerful functionality.
Growing Interest from Solana Communities
Since news of Pulsr's launch and token event, keen interest from Solana-based communities such as MagicEden, Madlads, and others have rallied in partnerships to crack Web3-wide NFT discovery and bring an even broader range of collections to their audience.
Maxine Ryan added: “Our ecosystem creates a win-win-win situation. Not only do collectors find it easier to uncover pieces of digital art they’ll love and cherish forever, but talented creators can amplify the reach of their pieces like never before. Pulsr’s aggregator can also drive sales for NFT marketplaces — giving them an irresistible opportunity to reach new customers. A digital renaissance has arrived, and our search engine is designed to create a lasting record of imaginative and thought-provoking works — a library that will grow for years to come.”
About Pulsr
Pulsr is an AI-powered discovery network for NFTs that spans multiple blockchains and touches every corner of the Web3 ecosystem. Its powerful search engine allows users to find on-chain art they’ll love — whether it’s an artwork, video, or song. Meanwhile, a cutting-edge system enables creators to generate detailed metadata about their collections, increasing visibility in a world of information overload.
For more information, visit www.pulsr.ai or follow Pulsr on X and Discord.