Executive Summary

Mira Network, a decentralized AI verification protocol, is establishing its core infrastructure on the Base blockchain, a move designed to enhance the reliability and trustworthiness of artificial intelligence outputs by leveraging Base's performance and security capabilities.

The Event in Detail

Mira Network is constructing a decentralized AI verification infrastructure on Base, Coinbase's Ethereum Layer 2 solution. The primary objective is to address the pervasive issue of AI "hallucination" and enhance factual accuracy in large-scale AI applications. Mira Network aims to achieve verifiable AI by employing a distributed consensus mechanism, where AI-generated outputs are broken into smaller factual claims and independently validated by a network of diverse AI models, referred to as verifier nodes. Verified outputs are then recorded on-chain with cryptographic certificates.

Base was selected due to its capacity to provide the necessary speed, cost-efficiency, and security for real-time verification and complex logical operations. The network offers sub-second block times and low, predictable fees, which are critical for the economic viability of continuous AI verification. Furthermore, Base's community and ecosystem, including platforms like Farcaster and Zora, align with Mira Network's principles of openness and transparency.

Deconstructing Financial Mechanics and Strategy

Mira Network's operational framework is built on cryptoeconomic principles, embedding economic incentives to promote honest behavior among verifier nodes. Node delegators contribute GPU compute resources to verifier nodes and are compensated based on the quality and quantity of their verification work, ensuring network scalability and active participation. The protocol employs a supermajority consensus model, requiring agreement among verifier nodes for claim validity. This modular infrastructure is designed to integrate seamlessly into existing AI systems, functioning as a trustless layer. Mira Network has secured $9 million in funding to support its development.

The network has demonstrated practical applications, supporting over 4.5 million users daily and processing more than 3 billion tokens across various applications. Examples include Klok, which leverages Mira's infrastructure for multi-LLM chat experiences with verified responses; WikiSentry, using Mira for fact-checking Wikipedia entries; and Astro, employing Mira's verification system for AI-powered decision guidance in financial platforms.

Business Strategy and Market Positioning

Mira Network's strategy directly confronts the limitations of traditional, centralized AI systems, which often struggle with hallucination and bias issues inherent in large-scale data training. By utilizing a decentralized verification model, Mira Network reports a significant reduction in AI hallucination rates, potentially up to 90%, and an improvement in factual accuracy from approximately 70% to 96%. This positions Mira as a critical infrastructure provider for industries demanding high reliability in AI outputs, such as education, finance, and customer service.

Base's technical specifications further bolster Mira Network's market positioning. As an Ethereum Layer 2 solution, Base inherits Ethereum's robust security while processing transactions more efficiently off-chain. It achieves 98 transactions per second (TPS) with a theoretical maximum of 3,571 TPS through its Optimistic Rollup architecture. Base's rapidly growing DeFi ecosystem, with a current Total Value Locked (TVL) of $4.7 billion and an ambitious target of $100 billion by 2025, provides a fertile ground for Mira Network's expansion and integration.

Broader Market Implications

The integration of Mira Network on Base carries significant implications for the broader Web3 ecosystem and the corporate adoption of AI. For Web3, it signals a maturation of decentralized AI applications, demonstrating how Layer 2 solutions can provide the necessary scalability and efficiency for complex computational tasks like AI verification. This move could catalyze further development and investment in decentralized AI infrastructure.

For corporate AI adoption, Mira Network's verifiable AI infrastructure addresses a major barrier to trust, potentially accelerating the integration of AI into sensitive domains. By providing cryptographic certificates for verified outputs and a transparent, auditable record on the blockchain, Mira Network offers a solution to regulatory compliance and user confidence. The synergy between a robust Layer 2 platform like Base and innovative decentralized AI protocols like Mira Network could establish a foundational layer for enhanced trust in autonomous technologies, driving new use cases and potentially increasing demand for associated infrastructure within the crypto markets. This development reinforces the narrative that blockchain technology is evolving beyond speculative assets to become a critical component of verifiable digital systems.