MyShell | Decentralized AI Consumer Layer | Crypto Deep Dive

MyShell is a decentralized AI consumer layer that bridges the gap between consumers, AI agent creators, and open-source researchers. Initially designed as an inclusive platform where anyone can create, share, and monetize AI agents, MyShell is evolving into a collaborative ecosystem driven by an open network model. Its vision is to establish a consumer layer that fosters limitless creativity and innovation.

MyShell provides an open AI development platform, enabling the sharing and utilization of AI services through both Models and API calls. The Model-based approach offers a native AI development experience, delivering high flexibility for creators with technical expertise. Additionally, it allows developers to integrate multiple models into custom workflows, facilitating the execution of complex tasks.

About the Project

Vision

MyShell envisions a fair and open ecosystem where every participant can realize their unique value. Committed to advancing decentralized AI, the platform champions open-source models, fostering a collaborative community that drives innovation. Its ecosystem incentives stimulate creativity and sustain network vitality, while value redistribution ensures creators and users are fairly compensated for their contributions. Additionally, MyShell promotes free choice, allowing users and developers to select from diverse AI models and decentralized computing solutions without reliance on a single provider.

Problem 

The Current AI ecosystem is dominated by closed AI systems. While these proprietary models offer advanced applications in data analysis and human-computer interaction, they come with significant drawbacks. Centralization is a major concern, as companies build isolated ecosystems with proprietary standards, increasing developer dependence and limiting creative freedom. These walled gardens are controlled unilaterally, leaving little room for community influence. Additionally, the lack of incentives within closed ecosystems discourages participation, as contributors such as data providers and developers receive minimal or no financial rewards, stifling innovation. Value deprivation is another challenge, with a small number of corporations controlling the algorithms, data, and wealth, while individual users and small creators see little return for their contributions. Furthermore, excessive restrictions imposed by these companies limit user interactions and innovation, often enforcing rigid content policies and access controls that hinder creative potential.

Solution 

MyShell is committed to building an open and equitable AI ecosystem by integrating artificial intelligence with blockchain technology to foster collaboration and innovation. As a decentralized AI network, it empowers users to develop, share, and own AI applications.

Key Features:

• Self-Developed Open-Source AI Models: MyShell has independently developed several open-source AI models, including text-to-speech and large language models. Additional technologies will be progressively open-sourced and made available for integration, expanding accessibility and innovation.
• Open AI Agent Development Platform: MyShell provides a comprehensive platform for individuals to build AI agents with ease. It supports multiple AI models, allows integration with external APIs, and enables third-party service providers to contribute to the ecosystem. With native development workflows and modular toolkits, creators can rapidly transform ideas into fully functional AI agents, driving technological advancement.
• Fair Value Distribution Ecosystem: MyShell ensures that creators are fairly compensated when their AI agents are utilized. In addition to commercial earnings, they receive native platform incentives and can secure funding from patrons. As the ecosystem integrates with permissionless blockchain infrastructure, creators will gain access to global liquidity, unlocking extensive financial opportunities and enhancing the value of AI agents.

Market Analysis

Over the past year, artificial intelligence (AI) has gained significant global attention, with increasing interest reflected in Google search trends and the rising value of AI-related tokens. The surge in AI adoption has also fueled investment in AI-driven Web3 projects, with significant funding.The convergence of AI and cryptocurrency has reached new heights, particularly with the rise of AI agents. The transition from AI 1.0 to AI 2.0 presents profound implications for the crypto industry, fostering growing collaboration between the two sectors. This cross-pollination is generating strong momentum, potentially leading to the next major AI-driven crypto innovation. As traditional banks and payment systems typically require human identification, cryptocurrency naturally aligns with the emerging AI agent economy, providing a seamless financial infrastructure for autonomous AI interactions.This year has witnessed a notable correction in the cryptocurrency market following an intense surge immediately after various projects’ launch.

In this context, MyShell can be considered a competitor to Virtuals, which is recognized as a leader in the AI agent sector.Virtuals Protocol specializes in crypto-focused AI agents, while MyShell serves both Web3 and Web2 users. MyShell enables creators to earn over $4,000 per month, offering strong monetization opportunities.

Unique Value Proposition

ShellAgent & Creator Opportunities – MyShell provides an intuitive AI agent builder and effective content distribution, ensuring visibility and monetization. ShellAgent offers a no-code framework with 300+ AI components, making advanced AI development accessible. With over 170,000 active creators, MyShell continues to enhance creator tools and financial sustainability.

AI Agent Users & Engagement – Users engage with AI agents for utility and entertainment. MyShell bridges the gap between AI usability and long-term value, ensuring an interactive and rewarding experience.

MyShell’s Offerings – Available on web and iOS, MyShell features 20,000+ AI agents for various applications. Popular tools like the Arcane Filter see significant user engagement, reinforcing MyShell’s role in AI-driven innovation.

Value for Investors – Tokenized AI agents offer investment potential, but sustainable revenue is key. MyShell ensures asset longevity, attracting investors who support growth and commercialization. By combining AI and crypto, MyShell drives broad adoption and market impact.

Traction

MyShell AI has achieved considerable success with their recent token launch, which was 11425.68 % oversubscribed, demonstrating the power of extensive community engagement, particularly given its relatively low initial valuation.

The platform’s dedication to AI infrastructure is evident through its rapid integration of DeepSeek and the implementation of a significant ShellAgent upgrade. MyShell has successfully scaled, reaching five million users, 200,000 creators, and over 20,000 AI agents.  Functioning as a payment bridge enhances the token’s foundational strength. With a current fully diluted valuation (FDV) of $560 million, MyShell presents an appealing risk-reward ratio compared to other narrative-driven platforms like Virtual, valued at $1.29 billion, or AI16z at $490 million. Given significant traction, it is one of the leading AI Projects in Crypto.

Token

$SHELL is the native token that powers the MyShell ecosystem, enabling access to premium features, supporting creators, and facilitating transactions. With a fixed supply of 1,000,000,000 tokens, $SHELL is gradually released to promote a deflationary economy and ensure long-term scarcity.

• Creation – Holders of a Creator Pass can develop and list AI applications on MyShell, earning revenue from usage fees and investments.
• Collection – Patron Badge holders receive a share of $SHELL generated when the AI applications they support are utilized by others.
• Event Participation – Users can earn rewards by engaging in MyShell-led initiatives, including community events, Testnet activities, and other campaigns, with rewards distributed based on predefined criteria.
• Open-Source AI Model Contribution – MyShell integrates approximately 100 open-source AI models. Developers whose models are utilized within AI applications receive a portion of the $SHELL tokens generated from usage.
• Product & Service Provision – Users offering specialized features within their AI applications or providing valuable data to MyShell are compensated with $SHELL tokens.

Investors

MyShell has garnered significant investment from a diverse group of prominent investors, reflecting its appeal in the decentralized AI space. Notable venture capital firms include Binance Labs, Dragonfly Capital, Delphi Digital, Bankless Ventures, Maven11 Capital, Nascent, Nomad, Foresight Ventures, Animoca Ventures, OKX Ventures, and GSR.

Additionally, several angel investors have contributed to its funding rounds, including Balaji Srinivasan, Illia Polosukhin (co-founder of NEAR Protocol), Casey K. Caruso, and Santiago Santos. 

In its seed funding round, MyShell raised $5.6 million led by INCE Capital, with participation from Folius Ventures, HashKey Capital, SevenX Ventures, TSVC, OP Crypto, and Signum Capital. This robust backing from both established firms and influential individuals positions MyShell well for future growth and innovation within the AI ecosystem.

Team

Ethan, Rick, and Charles are co-founders of MyShell, each bringing extensive expertise in AI and technology. Ethan leads research and development as well as contract management, having previously founded Auto3D, which was later acquired by Lianjian and evolved into the widely recognized “VR House Viewing” platform. With experience as an Algorithm Leader at a leading AI unicorn, he also co-founded ATP.CLUB, an AI-powered fitness gaming platform. Rick specializes in AI product development and market strategy, having co-founded a successful startup, developed a widely adopted AR SDK, and held leadership roles at a prominent AI unicorn. He is also a co-founder of ATP.CLUB, an AI-driven fitness platform. Charles, an expert in voice algorithm research, holds a PhD from MIT and has published over eight research papers in top-tier conferences during his undergraduate studies at Tsinghua University. His expertise extends to robotics, computer vision, and reinforcement learning.

Conclusion 

MyShell’s core functionality is centered on AI, utilizing advanced algorithms and proprietary data to develop capabilities that exceed those of open-source and generic models. Committed to fostering a more inclusive AI ecosystem, MyShell is paving the way for democratized access, creating greater opportunities for the broader public. In parallel, it integrates Web3 technology, utilizing a multi-sided network platform and encryption mechanisms to redefine ownership and value distribution in the AI landscape. Through token issuance, Web3-driven economic models, and decentralized revenue distribution via smart contracts, MyShell fosters a sustainable creator economy. Liquidity mechanisms further enhance financial participation, driving platform growth and efficiency. Supported by strong investor backing and significant market traction, MyShell has established itself as a leading force in the AI sector.