Fardad Zand
(Photo : Fardad Zand)

As the world of decentralized finance continues to grow towards the frontier of web3, entrepreneurs are rising to streamline value generation for everybody. Wisdomise AI Labs is leveraging the power of Artificial Intelligence (AI) to optimize portfolios and reduce inefficiencies in the global decentralized ecosystem. Wisdomise builds tools that let anyone access world-class asset management while maintaining full control of their crypto wallet.

Co-Founders Fardad Zand, Mo Najafi, and Arash Jalali were inspired by the rapid growth of the decentralized ecosystems and decided to build Wisdomise AI Labs between the two decentralized financial capitals with their headquarters in Zug, Switzerland, and core team in Dubai, UAE. They saw Crypto Valley and Crypto Wall Street as a launchpad for solving some of the most persistent challenges in the industry. Chief among them is addressing inefficiencies in web3 and decentralized economies.

Ultimately, emerging markets like cryptocurrencies are complex and dynamic. Capitalizing on them requires making sense of markets, products, and trends. Zand, Najafi, and Jalali realized that they could use AI to help people interact with web3 and decentralized ecosystems in more optimal ways. A thriving crypto portfolio requires a large amount of research, a detailed strategy, and some luck. This means that a significant portion of investors are unable to generate value from the global decentralized marketplace unless significant time and energy are invested in research and experimentation. This is where Wisdomise comes in.

The Wisdomise team brings their AI-based trading tools to market this summer with their first offering Horos. The plug-and-play CeFi trading tool helps anyone maximize value from their crypto holdings with a powerful Artificial Intelligence engine at its core. Wisdomise is already looking to the future and laying the foundations for Nommos, its DeFi trading tool, as well as building an expansive suite of products, aimed at generating more value for investors and more engagement with web3.

To do this Zand, Najafi, and Jalali brought a truly international team of thought leaders. These include Wall Street, crypto, and consulting experts from Goldman Sachs, Credit Suisse, Morgan Stanley, and McKinsey. Wisdomise's board of advisors includes researchers, practitioners, and consultants from leading institutes such as MIT, UPenn, Boston University, and Roland Berger. This led them to become one of the most highly valued startups in the Middle East and set them on a path towards becoming a leader in web3, decentralized economy, and DeFi, with the pre-seed funding investment from VentureSouq (VSQ).

CEO Fardad Zand says "The nature of web3 and DeFi and the way they are being developed imply that users would require a deep and broad understanding of the space, including the vast array of products and opportunities therein, and considerable time and patience to work with many of the available tools, should they wish reaping sizable profits. This makes the effective application of AI/ML and automation tools a very strong candidate to enable and assist web3 users, especially the new entrants and novice user groups. If implemented well, AI algorithms and automated processes can save crypto investors as well as normal users on DeFi considerable time while maximizing their yields and minimizing their risks."

CMO Arash Jalali adds, "Wisdomise began with the core goal of 'tokenizing the wisdom of crowds'. We aim to bring efficiency by creating easy access to the decentralized economy for all. Web3 and DeFi grew fast and many are still lost or inexperienced to confidently enter these spaces. Our solutions harness the power of AI to give everyone the opportunity to create value and experience what web3 truly has to offer."

ⓒ 2024 TECHTIMES.com All rights reserved. Do not reproduce without permission.
* This is a contributed article and this content does not necessarily represent the views of techtimes.com
Join the Discussion