Gensyn is a decentralized AI infrastructure network backed by a16z Crypto and other companies. The company has launched its flagship product, Delphi, an AI-powered settlement platform for information markets, designed to create a new niche: creator-owned markets.
“These are not prediction markets, but information markets,” Gensyn said on Wednesday. “Once the market goes live, no single centralized entity can control it—the outcomes are determined by artificial intelligence, and rewards are automatically distributed to creators via USDC.”
Gensyn believes that existing prediction market platforms like Polymarket and Kalshi are subject to some degree of centralization, as they determine which markets can be listed, how outcomes are settled, and who can participate. Gensyn also notes that creators who build audiences around niche topics, despite contributing expertise that enhances market value, are not adequately compensated.
Gensyn co-founder and CEO Ben Fielding told The Block: “Delphi is not directly competing with Polymarket and Kalshi in the same market. Our strategy is to carve out an entirely new, creator-owned niche that these platforms will never enter. The long tail is where the key lies.”
Fielding said the model could also expand access to AI development by making public information available for training, similar to how the internet democratized publishing.
“In the long term, information markets like Delphi will become the driving force behind autonomous machine learning, with models trained on decentralized resources (GPU computing, data, information) and continuously improving toward the clear goal of generating real-world value from information trading,” he said.
AI-driven information market
Delphi is built on Gensyn’s decentralized AI infrastructure network, which operates as a Layer 2 solution on Ethereum using the OP Stack. The platform leverages AI and what Gensyn describes as “verifiable intelligent oracles, not insiders” to settle markets.
Fielding explained that market creators do not have humans or companies determine the outcomes; instead, an AI model is pre-selected before the market is created. He stated that the model’s weights are fixed at this point and cannot be altered afterward. Fielding noted that anyone can use Gensyn’s proprietary “reproducible execution environment” technology to re-run the model’s inference process and verify the results, ensuring identical outputs across different hardware configurations, including GPUs, CPUs, and data centers.
"With REE, the decisions made by machine learning can be fully audited and verified," he said.
Gensyn stated that since the testnet phase began in December, trading volume has reached millions of dollars. The platform is currently rolling out to market creators on an invite-only basis, while trading is open to all users. Fielding noted that the creator whitelist will expand over time until the platform becomes fully open and automated. He also added that the mainnet is expected to launch in the coming weeks.
AI tokens
Gensyn’s economic model is built around its yet-to-be-released native AI token, which serves as the core token for its entire ecosystem, including Delphi. Fielding stated that the protocol charges a 0.5% fee on all transactions, with these fees used to purchase AI tokens and burn a portion of them, thereby establishing a value accumulation mechanism across the network.
“As machine learning scales within the network and facilitates information transactions, this fee will also increase, creating a flywheel effect for network value accumulation driven by advancements in open-source and permissionless AI technologies,” he added.
Regarding creators' earnings, Fielding said that if the market successfully settles, creators will receive a 1.5% commission on the total trading volume. “This compensates them for posing valuable and interesting questions and aggregating truthful information—that is, trading signals,” he said.
Fielding said that, meanwhile, if participants provide correct information, they will receive a multiple of the trading profit; if the information is incorrect, they will lose their entire investment. He declined to comment on the timeline for the AI token's release.
Delphi vs. Polymarket and Kalshi
Polymarket and Kalshi are already industry giants. Monthly trading volumes reach billions of dollars When asked how Delphi plans to attract users and liquidity, Fielding said the 1.5% USDC fee paid to creators is “a genuine revenue source, not just a participation tool.”
Regarding liquidity, he stated that the initial market structure is designed to achieve self-balancing without the need for external market makers. He also added that for more complex markets, Delphi is in discussions with liquidity providers.
Gensyn has received support from prominent investors including a16z crypto, Galaxy Digital, and CoinFund, raising over $78 million in total funding since its founding in 2020. Fielding noted that recently, the Gensyn Foundation raised $16.14 million in committed funds through an AI token sale in December, netting $11.7 million after refunds. He also added that earlier in October, Gensyn raised $16.7 million in a venture capital round led by a16z crypto, valuing the network at $1 billion (fully diluted). Gensyn plans to launch in 2023... a16z crypto-led Series A round raised $43 million. It had previously raised over $7 million in seed and pre-seed rounds.
“We envision a future where AI models purchase information from humans to become smarter, and humans, in turn, benefit from AI’s contributions with better predictions. It will become a self-reinforcing open ecosystem—more like a public utility than a private entity,” Genxin said.