Recently, MyShell, an opBNB-based AI platform, has closed a $5.6 million seed round led by INCE Capital with participation from HashKey Capital, Folius Ventures, SevenX Ventures, OP Crypto, and others at a valuation of $57 million.

Launched in May, MyShell is a Web3-enabled artificial intelligence platform that lets users create personalized chatbots called “Shells” for content creators and consumers. Creators will get MyShell’s native token when their content bots get traction.

MyShell is currently offering some features on Polygon but is set to migrate its platform to opBNB.

The following section provides in-depth insights into MyShell.

Introduction

MyShell is a platform for creating voice chatbots powered by Web3 and AI. Its powerful LLM and TTS models enable users to have open dialogue with science fiction-like robots. This allows users to have a companion available around the clock for oral practice or simply as a way to relax. Furthermore, the Shell NFT enables users to embed their personality and voiceprint, like a soul, into NFT assets. This allows professional users to create their own exclusive robots and gain profits through Shell’s sustainable cryptocurrency economic model.

To bring their vision for voice AI to life, MyShell has assembled a world-class team with deep expertise in this emerging field. With backgrounds at top institutions such as MIT, Tsinghua University and Google, the team is well-equipped to develop cutting-edge technologies and drive innovation. See below for detailed introductions to MyShell’s founding team members.

Team

Ethan, co-founder

Ethan, a MyShell co-founder, oversees R&D and contracts. He founded Auto3D, later acquired by Lianjiand transformed into the renowned “VR House Viewing” platform. With experience as an Algorithm Leader at an AI unicorn company, Ethan also co-founded ATP.CLUB, an AI-powered fitness game platform.

Rick, co-founder

Rick, a co-founder of MyShell, is an experienced expert in AI product development and market strategies. He co-founded a successful startup, developed a widely adopted AR SDK, and held leadership positions in a renowned AI unicorn company. Rick is also a co-founder of ATP.CLUB, an AI-driven fitness platform.

Charles, co-founder

Charles, a MyShell co-founder, specializes in voice algorithm research with a PhD from MIT. He has published over 8 top-tier conference papers during his Bachelor’s degree at Tsinghua University. Charles also possesses expertise in robotics, computer vision, and reinforcement learning.

TC

TC is an expert in LLM (Large Language Model) algorithm research with a PhD from an Ivy League institution. He has a strong track record of publishing over ten top conference papers and valuable work experience at renowned tech companies like Google and Microsoft, specializing in large language model research and development.

Product Positioning and Market Segment

MyShell is positioned as a platform that leverages Web3 and AI technologies to enable users to create their own voice chatbots, which can be used for various purposes such as oral practice, relaxation, and companionship.

MyShell operates in the following market segments:

AI (Artificial Intelligence): MyShell’s use of AI and machine learning algorithms to create intelligent chatbots that can engage in open dialogue with users aligns it with the AI market.

Social: MyShell’s focus on creating personalized robots that can be used for companionship and oral practice aligns it with the social market.

Robotics: MyShell’s use of robotic technology to create voice chatbots that can interact with users aligns it with the robotics market.

Target Audience

Creators and Developers: MyShell provides a no-code platform for robot creation, enabling users without programming experience to easily create their desired AI robots. Creators and developers can leverage the tools and capabilities of the MyShell platform to design and customize various types of robots, including language learning, education, and utility.

Language Learners: MyShell’s speech synthesis capability helps language learners improve their speaking and listening skills. Users can engage in conversation practice with MyShell’s robots, receiving real-time speech correction and simulated exercises.

Individuals in Need of Emotional Support: By using MyShell’s robots, users can share their emotions and concerns and receive understanding and responses. The robots can provide comfort, encouragement, and positive feedback, helping users alleviate stress, reduce feelings of loneliness, and provide emotional support.

Chatbot Enthusiasts: Chatbot enthusiasts can create their own robots using the MyShell platform and engage in conversations with them. They can customize the appearance, voice, and features of the robots by invoking different models and services, achieving a personalized conversational experience.

Key Highlights

Exclusive integration of cutting-edge Text-to-Speech (TTS) technology: MyShell uses its own TTS (text-to-speech) model, and the English TTS currently supports fast voice cloning, which can clone anyone’s voice with only 1–5 minutes of voice samples.

MyShell’s TTS has the feature of being closer to human pronunciation than other products on the market, as well as faster response time and lower computing costs. Currently, the technology for different emotional voices is in the experimental stage and will be launched soon.

Automatically create high-quality robots: users only need to describe their ideas, without learning complex Prompt techniques, whether it’s vivid role-playing or practical learning and work tools, AutoPrompt can help them quickly create robots that exceed market standards.

Private large-scale language models (LLM) (coming soon)

Multimodal Effects: MyShell offers seamless integration of the audio module and has plans to expand into the image module in the future, enabling the robot to have the capability of both voice and image interactions, providing a more immersive and comprehensive user experience.

Aggregation of Robots and Creators: MyShell aims to aggregate various types of robots and creators, allowing users to find a wide range of robots on a single platform and engage in communication and collaboration with creators.

There are currently numerous robots available on the platform, and users can filter and select their preferred robots based on features, languages, types, and more.

Sustainable encrypted economic incentives to achieve harmonious coexistence between robot creation and consumption (coming soon)

The construction and development of AI infrastructure face a significant challenge: how to effectively incentivize and coordinate participants to drive the development and operation of the system.

Decentralized markets and token incentive mechanisms provide novel solutions to this challenge.Tokens play a crucial role as digital assets and value mediators. They reward contributors, facilitate resource sharing and collaboration, and enable secure, transparent, and automated transaction processes.

MyShell has achieved a data flywheel effect through chatbot creation workshops and data analysis. Users can customize the voice, functionality, and knowledge base of chatbots on the MyShell platform and interact with them. The data collected from these interactions is used to improve the performance and personalized services of the robots, attracting more users to the platform, further increasing data and value, and creating a virtuous cycle of growth.

Simultaneously, MyShell incentivizes participants by providing token rewards, leveraging the economic model of Web3 to attract more users to the platform and facilitate the flow and exchange of value.

Product Usage

Website: https://app.myshell.ai

Registration

MyShell provides multiple registration methods. Users can register through Web3 wallets, Web2 account systems, or directly through email and verification codes.

After successful registration through non-Web3 methods, the system will automatically assign an ETH hosting wallet to the registered user.

Language Bot Conversation

Currently, text and audio messages can be sent to the bot. The maximum length of a text message is 500 characters, and the maximum duration of an audio message is 90 seconds. The desktop web version can start recording, stop recording, and send audio messages by clicking the space bar shortcut key. After the text message is completed, it can be sent by clicking the enter key shortcut.

Engaging in conversations with robots requires power consumption.The daily power limit is restored by 1/24 per hour. If it is less than 1, it will not be restored and will accumulate until the next time.

Clear Memory

If you want to reset the bot, you can click the Clear Memory option in Settings. Please note that Clear Memory will not clear the message history, it will only clear the bot’s memory of the current user.

Blur, Text, Translate

To meet the user’s listening practice scenario, the bot’s reply is set to Blur by default. You can click Text to view the original text, click Translate to view the translation, and click Blur again to hide the text content.

Share (Invitation Code)

Inviting new users to register can upgrade the current account. After logging in to the system, go to the “Invitation” window on the personal profile page, click the Share button in the lower left corner, and the current user’s sharing link (invitation code) will be displayed.

Robot Creative Workshop

The general version

Define the core: In the “Definition” panel, use the automatic definition function to complete the definition of prompts and other configurations in one minute.

Decorate the appearance: In the “Profile” panel, add information such as avatar, introduction, and greeting for your robot.

Give it a voice: In the “Voice” panel, choose high-quality preset voices or upload a 20-second audio to clone a unique voice.

Expand the links: In the “Application Software Integration” panel, easily deploy your robot on other platforms.

Advanced Settings

Choose a model: You can choose different language models to meet your needs.

Advanced definition: By editing the prefix and suffix of the prompt, you can greatly improve the performance of the robot.

External brain: In the “Knowledge Base” panel, you can fill the robot with information in specific fields to help it break through the limitations of language models.

Roadmap

Tokenomics

NFT

MyShell’s NFT refers to the MyShell Genesis Pass NFT. It is an ERC-721 token with a limited supply of 10,000. It can be obtained through airdrops from partner communities or purchased directly on Opensea. Holders of the MyShell Genesis Pass NFT enjoy additional platform benefits compared to regular members. They receive increased traffic, are incentivized to try new robots, provide data for optimization and iteration, and receive token rewards.

Token (unissued)

MyShell’s token model is based on the Shell Token ($SHEL). The Shell Token is a token that users and creators can acquire and use within the MyShell ecosystem. The total supply is 1 billion tokens.

Users can earn tokens by completing paid tasks and creating robots that other users pay to use. Tokens can also be used to upgrade subscription levels, publish paid tasks, and more.

Specific details of the token economic model have not been disclosed, but according to official documentation, the token is designed to address the incentive issues of user growth, robot providers, and the ongoing costs of computing power and development. The specific use cases of the token and the revenue sources for Shell DAO are yet to be determined.

Conclusion

MyShell’s core functionality focuses on AI, leveraging barriers built upon algorithms and proprietary data to create capabilities that surpass open-source and even generic models.

Simultaneously, MyShell utilizes the Web3 multi-sided network platform and encryption technology to address new ownership and value distribution issues in the AI era. It achieves this through token issuance, constructing Web3 economic models, and employing practices such as decentralized economic benefit distribution through smart contracts and liquidity provision through token holding mechanisms. These approaches enable the development of a creator economy, allowing participants to better meet their needs and interests, fostering a virtuous cycle of growth, and enhancing the efficiency of building a multi-sided creator platform.

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