What is Privasea AI Network (PRAI)? DePIN-integrated AI network raises huge capital from YZi Labs

Privasea AI Network (PRAI) is a DePIN infrastructure network dedicated to AI , enabling AI tasks to be performed on fully encrypted (FHE) data without decryption. The project is on a mission to reshape human-machine interactions in the AI ​​era , ensuring that user data remains secure even when being processed, while leveraging the decentralized computing resource model (DePIN) combined with blockchain to optimize security and encourage community participation.

The project is backed by major funds such as Binance Labs, OKX Ventures, Gate.io Labs, GSR, Amber Group , and many other leading funds, with a total Capital raised of more than 15 million USD , valued at 180 million USD .

How does Privasea AI Network work?

Privasea AI Network uses FHE (Fully Homomorphic Encryption) as its core technology, allowing AI processing directly on encrypted data. The ecosystem operates on the following components:

• HESea Library: FHE library integrates algorithms such as TFHE, CKKS, BGV, BFV to support AI processing on encrypted data.
• Privasea API: An interface that makes it easy for developers and users to submit data, request AI training, and receive results without needing deep understanding of FHE.
• Privanetix: A decentralized network of computing nodes where secure AI processing tasks on encrypted data take place.
• Smart Contract Incentive Kit: Blockchain-based incentive system, ensuring transparent and fair reward distribution to nodes.

The entire process from submitting tasks → processing → returning results takes place in an encrypted state, using Zero-Knowledge Proof (ZKP) to verify the calculation results without revealing data.

Products in the Privasea ecosystem

Privasea AI Network develops a full ecosystem of products to comprehensively serve privacy-preserving AI combined with DePIN, including network infrastructure, physical nodes, dApps, and AI Agents:

1. DeepSea Network

DeepSea Network is Privasea's decentralized mainnet compute layer , where all FHE security AI tasks will be handled. DeepSea will Vai as Privasea's operational layer , where Privanetix, WorkHeart, Acceleration Nodes operate and ensure speed, security, and performance.

• Where AI tasks run on fully encrypted data.
• Uses a reward mechanism based on PRAI Token.
• Integrate AI agent models, facial recognition, private ML…

2. Privasea AI Agent

The world's first privacy-preserving AI agent running on DeepSea Network . This agent allows developers and organizations to easily build and deploy FHE AI tasks on user data without exposing the data.

• Support inference, analysis, ML training on encrypted data.
• Built-in AI models for biometric, medical, and financial Use Case .
• Friendly API allows Web3 dApps to integrate directly.

3. ImHuman App

The world's first mobile application (iOS/Android) using FHE to verify Proof of Human . Users can Mint Proof of Human Non-Fungible Token through facial scanning, all biometric data is fully encrypted by FHE.

• Mint Non-Fungible Token Proof of Human protects privacy.
• Using Proxy Re-encryption technology.
• Reached 240K users by June 2024 .
• Becoming the new standard for Sybil, bot-proof Web3 dApps.

4. Privanetix Node

Privanetix Node is the compute node backbone of Privasea AI Network, which performs all FHE compute tasks on DeepSea Network.

• Requires high configuration machine or can use Acceleration Node support.
• Can Staking to receive PRAI rewards.
• 24/7 operation, supports heavy FHE computing.

5. WorkHeart Node

WorkHeart Node is a USB physical node released by Privasea, selling price is about 0.2 ETH.
This is a dedicated DePIN node model, plug-and-play , anyone can buy, plug in, operate and receive PRAI rewards.

• Optimized for mainstream users who want to participate in the DePIN compute infrastructure.
• When combined with StarFuel Non-Fungible Token, the reward multiplier can be increased.

Outstanding features of Privasea

• AI + DePIN + FHE Fusion: Shaping the Trend of Decentralized Privacy-Preserving AI.
• FHE Native Layer: AI processing on fully encrypted data, never revealing plaintext.
• Blockchain Incentive & Node Economy: PRAI Token Vai as financial incentive for the ecosystem.
• Broad Use Case : Healthcare, Banking, Biometrics, IPFS Edge Processing, AI Modeling, KYC, Facial Recognition.
• GDPR & CCPA Compliance: Ensures highest level of data protection legislation.
• Zero-Knowledge Proof (ZKP): Verify AI tasks without revealing data.

PRAI Token and tokenomics overview

Token information

• Token name: Privasea AI
• Code: PRAI
• Blockchain: BNB
• Total Supply: 1,000,000,000 PRAI

Token Allocation & Release Schedule

→ The remaining allocations including team, backer, Staking mining… will be gradually unlocked according to a long-term schedule.

PRAI Token Utility

• Access Confidential AI Computing:
  PRAI is the ticket to the DeepSea AI Network , used for all privacy-preserving AI tasks such as inference, data analysis on FHE encrypted data.
• Gas Fee & Transaction Fee for AI computation:
  PRAI Vai as a gas fee similar to ETH , paying for Privanetix, WorkHeart, Acceleration Node nodes when running AI FHE tasks.
• Proof of Humanity (PoH) Verification:
  PRAI is the payment unit for PoH verification service in ImHuman App , including advanced verification services such as face, voice, fingerprint .
• AI Agent Activation & Customization:
  PRAI helps activate and customize AI agents for each user, business , and applications in social mining, data analysis, and task automation.
• Staking & Network Security:
  Users can Staking PRAI to secure the network and receive Staking rewards from the system.
• Developer & Model Marketplace:
  Developers can publish and commercialize AI models on DeepSea Marketplace.
• Enterprise Solution & API Access:
  Businesses use PRAI to pay for secure AI services like KYC, anti-fraud, identity verification .
• Governance & DAO:
  PRAI holder have the right to vote on network upgrades, approve new AI models, and distribute community budgets .

IDO Token information

On May 14, 2025, Priavasea AI (PRAI) will launch its Token Generation Event (TGE) sale on Binance Wallet via BNB Smart Chain , in partnership with PancakeSwap . This event offers investors the opportunity to purchase PRAI's official Token at a discounted price before listing on the decentralized exchange (DEX).

Privasea AI (PRAI) TGE Event Details

• Token name: Privasea AI (PRAI)
• Blockchain: Unknown
• Registration time: From 5:00 p.m. to 7:00 p.m. on May 14, 2025 (Vietnam time)
• Total Capital raised: Unknown
• Price per Token: Unknown
• Total Token Allocation: Unknown
• Accepted Token : BNB
• Maximum subscription limit per person: 3 BNB
• Binance Alpha point required: Will update tomorrow
• Token Allocation: Percentage of registration amount compared to total amount deposited during the event period
• Vesting: None (unlocks instantly)
• DEX trading time: Immediately after 19:00 on May 14, 2025 (Vietnam time) on Binance Wallet DEX or PancakeSwap

PRAI Token Wallet & Exchange

• Wallets: MetaMask, Trust Wallet, SafePal, EVM support.
• Exchange: Not listed (expected after TGE 2024).

Roadmap

• 2023: Testnet V1, Seed Round Capital 5 million USD.
• 2024: Testnet V2 & V3, WorkHeart Node, ImHuman App 240K users, Series A Capital of 15 million USD.
• 2025: DeepSea mainnet, PRAI Token Sale , expanding AI DePIN Use Case.
• 2026+: Web2 & AI enterprise cooperation, expanding AI privacy compute global.

Project Team

• David Jiao – Co-Founder & CEO: Former CEO of NuLink, ex-Volvo Car.
• Zhuan Cheng – Co-Founder & CTO: Ex-CTO MAP Protocol, PhD in Mathematics.

Investors & Partners

• Investors: Total raise of 15 million USD led by Binance Labs, GSR, Amber Group, OKX Ventures, Gate.io Labs, Laser Digital…
• Technology partners: ZAMA (FHE), ConcreteML.
• AI/DePIN Partnership: Expanding.

Similar projects

Overview of Privasea AI Network

Privasea AI Network is a pioneering project of AI Compute Privacy Layer model for DePIN , combining FHE + DePIN + AI + Blockchain Incentives , in a unique and ambitious way. The project follows the DePIN AI 2024-2025 trend, is supported by leading funds and has many practical products.

However, the project also faces major challenges:

• FHE is still a young technology, not optimized for every AI task.
• Fierce competition from Bittensor, Gensyn, Akash.
• Depends on user adoption & global AI privacy needs.

If DeepSea Mainnet and PRAI Token model perform well, Privasea could become a crucial “Privacy Compute Layer” for DePIN AI global , especially in finance, healthcare, biometrics.

Frequently Asked Questions about Privasea AI Network

1. How is Privasea AI Network different from Bittensor (TAO)?
   → Privasea focuses on high security compute (FHE), while Bittensor leans towards the open AI marketplace model.
2. Does PRAI Token have a burn mechanism?
   → Details not yet announced, but PRAI will play a Vai in gas payment, Staking, and rewards in the ecosystem.
3. How can I operate a Privasea node?
   → Buy WorkHeart USB Node (0.2 ETH) or run Privanetix node after Mainnet launch.

Summary

Privasea AI Network is a project that converges the hottest trends: DePIN + AI + FHE + Web3 , shaping the future of global privacy-protecting AI. The project is still in the testnet stage, suitable for those who believe in DePIN AI and want to participate early. Note that the article is not investment advice. Join the discussion in the Allinstation community.