What Is YFE Money (YFE)?
YFE Money are talking about a global, economically secured, decentralized compute and data storage network, there are critical questions about how the network is governed that are inescapable. First and foremost, Chain follows nature, quantum mechanics, and the emergent practices of software development in open source projects.
Just as beehives fork when there is a new queen, or the wave function splits in the many worlds interpretation of quantum mechanics, or open source projects branch where there is sufficient technical disagreement, forks are natural. The question is how to relate those forks to each other in such a way that a healthy ecosystem of speciation and integration emerges.
YFE Money push privacy-respecting artificial intelligence to everyone, they are building Snips AIR, a voice assistant for your home. Rather than a single device, Snips AIR is a network of devices collaborating to form a mesh of AI assistants. This enables your entire home to be seamlessly voice-enabled, while protecting your privacy. As Snips AIR runs locally without any voice data being sent to the cloud, no-one can spy on you or your kids, keeping your home private as it should be.
Anyone can create AIR-compatible devices by integrating Snips, making it plug and play into Snips AIR. YFE Money also building own devices, including a base station (AIR Base) and portable voice remotes (AIR Satellites). Other types of devices are also being explored, with the objective to create a true multi-modal experience.
YFE Money Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | YFE Money |
| Short Name | YFE |
| Circulating Supply | N/A |
| Total Supply | 30,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Cloud Dependency
YFE Money based in Paris, France, the Snips team, comprised of over 50 talented engineering, machine learning and product development professionals, has built a leading platform and tools for creating tailored voice experiences. Its full-stack solution is built with proprietary technology allowing for voice processing on the device.
This localized processing maximizes accuracy, efficiency and privacy while minimizing footprint and cloud dependency. This voice assistants are custom-built for specific tasks and designed to run alongside other general purpose voice assistants currently on the YFE Money platform.
Immersive Experience For Customers
“Millions of people have come to enjoy the ease of controlling music with their voice. Today’s announcement gives YFE Money the added talent and technology to create an even more differentiated and immersive experience for customers, both inside and outside of the home,” said Patrick Spence, CEO of Sonos. “’re excited to welcome an incredible Snips team to the Sonos family to help bring this vision to life.”
Dr. Rand Hindi, co-founder and CEO, said, “I am extremely proud of the team and the work have accomplished over the last five years. The technology they have created has been validated by one of the leaders in consumer electronics. I am thrilled that, joining an international company, Snips will continue its operations in France, helping French technologies succeed at an international level.”
Truly Global Audience
Joseph Dureau, CTO of Snips, said, “they are thrilled to join forces with YFE Money, a company that shares of core values, to continue work and take private-by-design voice experiences to a truly global audience. They see an exciting future together as integrate IP and platform with Snips, knowing it shares are dedication to building great experiences for customers without asking them to sacrifice privacy.” Under the terms of the agreement, A platform acquired for approximately $37.5 million, subject to purchase price adjustments and hold backs. The transaction closed on November 14, 2019.
World’s Leading Sound Experience Brands
YFE Money is one of the world’s leading sound experience brands. As the inventor of multi-room wireless home audio, Sons innovation helps the world listen better by giving people access to the content they love and allowing them to control it however they choose. Known for delivering an unparalleled sound experience, thoughtful home design aesthetic, simplicity of use and an open platform, Sons makes the breadth of audio content available to anyone. Sons is headquartered in Santa Barbara, California.
