MyShell - Own your own personal AI Agent

What is Myshell project?

MyShell is a Web3 platform that combines AI and blockchain, allowing users to create and own AI agents (Shells) without programming knowledge.

MyShell is a decentralized artificial intelligence platform designed to connect users, creators, and researchers in the open source space. The project aims to build an innovation ecosystem through a fair value distribution mechanism that allows users to create, share, and profit from the AI ​​applications they develop.

These Shells can perform a variety of functions such as photo editing, content creation, research support, or programming. The project aims to build a decentralized creative economy ecosystem where users can monetize their AI creations.

MyShell currently boasts a large community of over 5 million users and 200,000 creators. Some creators have earned over $4,000 USD per month from their Shells, demonstrating the platform’s economic potential. MyShell currently operates on the opBNB network, a Layer 2 network on the BNB Chain, after migrating from Polygon to improve performance and reduce transaction costs. This migration is complete, reflecting the project’s commitment to optimizing the user experience.

MyShell Products

AI Chat Bot: This is a tool that helps users answer questions, integrating advanced language models such as GPT-4o, Claude 3.5, and DeepSeek. Users can use their voice to ask questions as well as create images, videos, memes, and more through MyShell's AI Chat Bot.

Workshop (AI Creator Platform): This feature allows users to create their own AI Chatbot without any programming experience. AI Creator Platform offers three modes for AI developers from basic to professional level:

• Classic mode: For people without programming skills, has simple and user-friendly tools.

• Dev mode: This feature is aimed at people with knowledge of programming and AI, providing a full set of tools to develop AI Chat Bot as desired.

• No-code: A simplified version of Dev mode, making it easier for users to create AI Chatbots, but not as fully featured as Dev mode.

AIpp Store: This product has a similar structure to Virtuals Protocol on Base, allowing users to create AI Chatbots and list them on the platform to receive funding in the form of “shares”. The public sale model uses a Bonding Curve; when users buy shares, they will receive royalties when the AI ​​Chatbot is used, with the share price increasing gradually according to the number of purchases.

Additionally, to create and sell AI Chatbots on the AIpp Store, users need to own the NFT MyShell - Creator Pass, which is currently available for purchase on OpenSea. This is for reference only and is not investment advice on NFTs.

How MyShell Works

MyShell operates on three main pillars: creating Shells, owning/sharing, and using/paying.

Create Shells

Creators use MyShell's advanced AI tools, such as Zero-Code mode, to build AI agents. Zero-Code mode allows non-technical users to create AI applications through a friendly drag-and-drop interface. For example:

• Create video from selfie.

• Turn your pet's photo into a medieval style painting.

• Build bots to help with research or programming.

Own and Share

Shells are deployed on the blockchain, ensuring transparent ownership and allowing creators to monetize their creations. Blockchain tokenizes Shells, turning them into digital assets that can be traded or shared within the ecosystem.

Use and Payment

Other users (consumers) can find and use Shells on the platform, paying with SHELL tokens. Creators receive SHELL as rewards when their Shells are used, creating a closed economic cycle. Additionally, MyShell has a governance system and treasury to manage tokens, including community incentive programs.

MyShell Technology

MyShell integrates AI and blockchain technology to provide a smooth, accessible platform that caters to everyone from novice users to professional developers. This combination allows for efficient creation, ownership, and monetization of AI agents (Shells).

The platform uses advanced AI models, including:

LLMs (Large Language Models)

These are large language models, trained on billions of text data points to understand and generate natural language.

• Based on Transformer architecture, using "self-attention" mechanism to analyze context and relationship between words in text string.

• How it works: LLM predicts the next word in a sequence based on training data, enabling tasks like conversation, translation, summarization, or research. When a user types in a question, LLM analyzes the meaning and responds naturally, simulating human communication.

Applications in MyShell: LLM supports Shells to perform language tasks such as intelligent conversation, research support or text content generation, enhancing interactivity and practical value.

Stable Diffusion

Image-to-text technology, allowing the creation of high-quality images from linguistic descriptions.

• Using the Diffusion model, combine deep neural networks with CLIP (Contrastive Language-Image Pretraining) to understand text and generate corresponding images. This process is based on gradually removing noise from random data.

• How it works: When a user types in a description (e.g., "cat flying in the clouds"), Stable Diffusion starts from a randomly noisy image and refines it over multiple steps to create an image that matches the description, based on training data on images and text.

Applications in MyShell: Allow creators to create custom artwork, memes or images, adding creativity and variety to Shells.

OpenVoice

Instant voice cloning technology, recreates artificial voice identical to real person from short audio samples.

• Based on deep neural networks and deep learning models like VALL-E, trained on diverse speech data to reproduce timbre, pitch, and speaking style.

• How it works: OpenVoice analyzes the acoustic characteristics (tone, speed, emotion) from short voice samples (usually a few seconds), then synthesizes a new voice from the input text with high accuracy, almost instantly.

Applications in MyShell: Create Shells with human-like voices, like celebrities or personalized voices, enhancing user experience.

MeloTTS

Multilingual text-to-speech library, enabling natural communication in multiple languages.

• Based on modern Text-to-Speech (TTS) models such as Tacotron 2 or FastSpeech, combined with WaveNet to create smooth, natural sound waves. Optimized for multiple languages ​​such as English, Chinese.

• How it works : MeloTTS takes input text, converts it into a phoneme representation, then synthesizes audio through deep learning layers, generating a voice with pitch, intonation, and style appropriate to the selected language.

Applications in MyShell : Enable Shells to communicate in multiple languages ​​with natural accents, expanding global reach and supporting multicultural users.

Zero-Code Mode

This is a standout feature that allows non-technical users to create AI applications through an intuitive, drag-and-drop interface. The tool leverages the power of LLM, Stable Diffusion, OpenVoice, and MeloTTS, simplifying the development process and expanding accessibility.

Where does MyShell's revenue come from?

With MyShell, there are multiple revenue streams created to support development and motivate backers:

• Users pay a monthly subscription in fiat or cryptocurrency to gain access to more features.

• Creators pay to promote their AI apps for more exposure.

• Royalties from trading AI content/assets between users.

• AI developers purchase user-authorized data to train and fine-tune models.

Blockchain is built

MyShell started on Polygon (Proof of Stake), a Layer 2 network of Ethereum.

• Polygon uses a Proof of Stake (PoS) mechanism, where validators stake MATIC tokens to confirm transactions and create new blocks.

• Validators are selected based on the amount of MATIC staked, ensuring security and decentralization with low fees ($0.01-$0.1 per transaction) and fast speed (2-4 seconds per block).

MyShell has migrated to opBNB (Proof of Staked Authority), a Layer 2 network on BNB Chain, using Optimism's OP Stack technology.

• OpBNB inherits Proof of Staked Authority (PoSA) from BNB Chain, combining Proof of Stake (PoS) and Proof of Authority (PoA). A limited group of pre-selected validators stake BNB to confirm transactions.

• PoSA prioritizes speed and efficiency, with block times of around 1 second and transaction fees under $0.01. Transactions are rolled up and sent to the BNB Chain for final confirmation, ensuring security and scalability (supporting up to 5,000 transactions per second).

Why MyShell is moving to opBNB:

• Superior Speed : 1 second transaction time is faster than Polygon (2-4 seconds), improving user experience when using Shells or on-chain transactions.

• Optimal Costs : Near zero transaction fees, reducing costs for over 5 million users and 200,000 creators.

• BNB Chain Ecosystem : Integrates with the broader BNB Chain ecosystem, supporting initiatives such as Shell Launchpad to launch AI Agent tokens.

• Scalability : Handle larger transaction volumes, suitable for MyShell's rapid growth.

Tokenomics And Token Distribution

The SHELL token is at the heart of the MyShell ecosystem, used to access premium features, support creators, and make payments within the platform.

• Token : $SHELL

• Project name: MyShell

• Token type: ERC-20, BEP-20

• Blockchain : Ethereum, BNB Chain

• Total supply: 1 billion tokens.

• Circulating supply: 274.83 million tokens (27.48% of total supply).

Token distribution is designed to incentivize the community and ensure sustainable development:

• Community Incentive (30%) : For community incentive programs.

• Investors (29%) : Large allocation to investors, reflecting support from large funds.

• Team and Advisors (15%) : Ensure motivation for development team and advisors.

Team and Investors

The MyShell team includes experts from top universities such as MIT, Princeton, and Oxford. However, specific information about the identities of the members is not public. The project is based in China, with a team size of 11-50 people. Despite the lack of transparency about personnel, MyShell's rapid growth shows the strong capabilities of the team.

MyShell has raised over $17 million from reputable investment funds, including: Dragonfly Capital, Binance Labs, OKX Ventures, HashKey Capital

The participation of these large funds not only brings capital but also a positive signal about the long-term potential of the project.

Prospects and Challenges

MyShell has many strengths for future development:

• Large community: Over 5 million users and 200,000 creators.

• Cutting-edge technology: Combining AI and blockchain effectively.

• Financial support: Backing from leading investment funds.

• Switching to opBNB: Improved performance and scalability.

• Community Recognition: Selected as one of the top 20 global open source startups in 2024.

The Challenge is posed?

• Dependent on third-party blockchain: MyShell relies on opBNB, so it could be at risk if this network goes down.

• Lack of team transparency: Not disclosing the identity of the team can reduce the confidence of some investors.

• Competition: The AI ​​x Crypto market is increasingly crowded, requiring MyShell to maintain a competitive edge.

MyShell Roadmap

MyShell has gone through distinct stages of development since its inception in 2021. Here is an overview of the roadmap based on publicly available information:

• 2021-2023 (Startup) : Project establishment, AI tool development such as OpenVoice and MeloTTS, raising 5.8 million USD through Pre-seed and Seed.

• 2024 (Product Development) : Launch the platform on Polygon, integrate Zero-Code mode, raise another $11 million from Dragonfly Capital, and be recognized as a top 20 global open source startup.

• 2025 (Expansion) : TGE/IDO organization (raised 1.68 million USD), ShellAgent Protocol implementation, AI integration on X, brand update (4/2025), 80% ahead of 8 million USDT token buyback progress, and completed migration to opBNB for efficiency.

• Future : Expected to launch testnet (May-June 2025) and mainnet (Q4/2025), expand Shell Launchpad and develop self-learning AI through reinforcement learning (based on community speculation and documentation).

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Compiled and analyzed by HCCVenture

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