Economic Overview
The Innovation Game (TIG) is a disruptive economic protocol that offers a novel approach to valuing and remunerating the development of computational methods. TIG introduces a synthetic market in which market participants are incentivised to adopt the most efficient algorithms (called the Benchmarkers), providing an objective measure with which to price contributions made by Innovators. In doing so, TIG opens up an investable market for algorithms.
Historically, algorithmic progress has been sporadic and unpredictable, therefore riskier and less attractive for investment compared to hardware innovation. TIG addresses this problem by curating a diverse range of scientific challenges and incentivising equal effort across domains. This approach bundles algorithmic advancements into a diversified portfolio, resulting in more predictable and continuous progress in aggregate.
By leveraging tokenisation and a unique licensing framework, TIG captures and monetises the value of the intellectual property (IP) generated by its participants. The TIG token as an asset is backed by the totality of the IP in the game - the totality of algorithmic innovation. For the first time, investment in the broad asset class of algorithms will be possible.
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TIG’s tokenisation model also democratises access to algorithmic innovation, allowing a wider range of participation in the growth of this asset class. By lowering the barriers to entry and providing a transparent and efficient market for algorithmic innovation, TIG is poised to attract a diverse community of academics, commercial researchers, and developers.
Read more about Tokenomics.
Synthetic Market for Algorithms
By creating a synthetic market for computational methods, TIG enables anyone to participate in the growth and success of cutting-edge algorithms. The market framework assigns value to these intangible assets based on their adoption. This market-driven approach ensures that the most efficient methods rise to the top. The protocol creates a more meritocratic system for allocating resources and determining value, where the success of an innovator is determined by the quality of their work rather than their institutional affiliation or personal connections.
In this synthetic market, Benchmarkers are introduced to play a role analogous to that of Bitcoin miners. Just as Bitcoin miners compete to solve complex mathematical problems to validate transactions and earn rewards, Benchmarkers in TIG compete to solve computational challenges using the algorithms provided by Innovators. By doing so, they help validate the performance and determine the value of the algorithms, and earn TIG tokens as a reward. This creates a powerful incentive for Benchmarkers to participate in the ecosystem and helps ensure that the most effective and efficient algorithms are identified and their creators rewarded.
Open Collaboration and Innovation
TIG fosters open collaboration as a core principle, attracting a diverse community of Innovators, Benchmarkers, and researchers who collectively push the boundaries of computational science. Through its Open Data License, TIG encourages the sharing of knowledge, data, and code, enabling participants to build upon each other’s work and accelerate innovation
This collaborative approach creates a self-reinforcing cycle of innovation and value creation where the collective efforts of the community drive the development of powerful and impactful algorithmic solutions. This collaborative approach not only accelerates the pace of discovery but also enhances the value of the IP generated within the ecosystem, which will lead to increased bounties for innovation, kickstarting a virtuous flywheel that further incentivises and accelerates discovery.
Science Funding Science
The Innovation Game aligns with the principles of the Decentralized Science (DeSci) movement and the concept of “Science Funding Science.” DeSci advocates for the democratization of scientific research and the empowerment of individual researchers and communities. TIG embodies these values by providing a decentralized platform where anyone can contribute, collaborate, and benefit from algorithmic innovations.
The token-based rewards system enables a new funding model for scientific research, where the value generated by the algorithms is directly captured and reinvested into the ecosystem. This self-sustaining approach ensures that the funding for scientific research is generated by the research itself, creating a virtuous cycle of innovation. By participating in TIG, researchers and scientists can secure funding for their work based on its merit and impact, bypassing traditional grant-based funding models and aligning incentives with the value they create.