Planet Ventures Inc. has made a strategic investment in Walter.AI, a decentralized, blockchain-based protocol that incentivizes creating, sharing and maintaining data feeds by a global community of researchers and analysts. Through a token economy, community members participate in both governance and value of the network.
Walter is an alternative to centralized data companies and prediction markets, focused on swarm intelligence, consensus and distributed ownership to make fundamental data more accessible to everyone.
Walter’s vision is to provide an elegant blockchain-based solution for the data access problem. Data are valuable as they provide a competitive advantage and allow individuals and organizations with data access to make better decisions. Data are often kept private and proprietary, creating barriers to entry that drive inequality. Alternatively, where data are publicly available, they are often of poor quality, out of date or improperly formatted. In some instances, such as the emergence of a new sector, there may be a lack of data all together.
Imagine a world where millions of researchers from every country add value and earn rewards for first formulating effective questions and then answering requests for data. Blockchain-based applications offer new opportunities to deliver solutions that are decentralized, where data are potentially immutable and verifiable, and where actors in the system stand to benefit not only from performing individual tasks, but also having a stake in the value of the community as a whole and a say in its governance.
This vision formulates the very mission of Walter.AI, a decentralized, blockchain-based protocol that incentivizes creating, sharing and maintaining data feeds by a global community of researchers and analysts. Through a token economy, community members participate in both governance and value of the network.
Walter’s management has identified the crypto market as the potential first market in which to develop a market data platform. Cryptocurrency markets are an ideal first use for Walter. These markets lack data and accessing competitive intelligence has immediate and quantifiable benefits. For crypto markets to evolve beyond the current speculative phase, the company believes evolving data sets will play a central role.
Walter provides an incentive structure where users can ask for data feeds about sentiment, trends, security, exchanges, technologies, tokens, teams, and anything else that allows them to operate effectively and safely as market actors. The company’s goal is to have the entire community benefit from better investment decisions with Walter.
Walter’s management team is led by an elite group of cryptocurrency experts that include the following.
Mr. Kineshanko is co-founder/investor of Walter.AI, director of FirstBlock.capital and founder of Protos Cryptocurrency Asset Management. Previously, Mr. Kineshanko co-founded Habitat Enterprises (one of the first developers of GHG (greenhouse gas) emission reduction projects under the United Nations carbon market) and Gridbid (the world’s first roof auction for solar, which auctioned over $40-million in roof space), was a co-founding equity partner in the first publicly traded angel fund in Canada (GreenAngel Energy), and was a co-founder of Walkmore (alternative credit scoring; acquired by GTE Financial). Mr. Kineshanko is an alumnus of Singularity University at NASA AMES, the National University of Singapore and Simon Fraser University, where he was a two-time academic and athletic All-American in track and field.
Dr. Philipp Kallerhoff
Dr. Kallerhoff is a serial entrepreneur and data scientist that worked in the fintech (financial technology) and hedge fund industry with a focus on signal processing and machine learning. He holds university degrees in engineering, psychology and physics and a PhD in computational neuroscience from the Technical University of Berlin. His latest fintech and big data start-up, Jumiya Inc. in Palo Alto, Calif., was acquired by a large U.S. bank in 2014.
Mr. Baumgartner is a veteran designer and entrepreneur. Over the past 25 years, Mr. Baumgartner has been involved as a designer and strategist on projects ranging from the planning and design of Olympic Games facilities and large architectural projects to user experience, product development, and mobile and Web design. Mr. Baumgartner was design director and vice-president of product at NowPublic through its inception, substantial venture financing and acquisition by Examiner in 2009. During its time, NowPublic was named a Time Magazine top five website of the year and received two Emmy nominations for outstanding interactive design. After exiting NowPublic, Mr. Baumgartner co-founded Codename Design, a Vancouver-based design studio specializing in strategy and design for start-ups and skunkworks projects. Clients include IoT (Internet of things) start-ups Moj.io, Neur.io and the Smithsonian Learning Lab.
Mr. Williams is lead engineer at Walter. Prior to joining Walter, Mr. Williams was engineer in residence at XPCP, where he worked with cross-functional team to identify and prototype potential products and businesses relating to cryptocurrencies. During that time, Mr. Williams designed, implemented, extended and maintained back-end logic of the cryptocurrency exchange.
“This is yet another extremely exciting investment for Planet and its shareholders,” said Zula Kropivnitski, chief financial officer of Planet Ventures Inc. “This deal gives our investors access to one of the most exclusive and revolutionary investment opportunities in the crypto space. Led by one of the most successful individuals in the crypto markets, we are confident that Walter’s management team will be able to drive substantial value to our shareholders over the coming quarters.”
Walter is currently private but is planning to go public in the near future.
About Planet Ventures Inc.
Planet Ventures is positioning itself to be a leading investment issuer in blockchain technologies and cryptocurrencies, providing investors exposure to a wide range of investments in the crypto/blockchain markets. Planet invests in ICOs (initial coin offerings), and its management is focused solely on creating shareholder value by exposing its investors to multiple opportunities in the crypto/blockchain market.