Original author: Xiyou, ChainCatcher
Original editor: Marco, ChainCatcher
On February 16, OpenAI released Sora, a large text video generative AI model. This model can generate a 60-second coherent video based on text information. Its generation capabilities and the maturity of the video presentation not only shocked users around the world, but also ignited it again. The outside world’s imagination about artificial intelligence.
With the help of the Sora craze, AI-based crypto sector assets have started a sharp rise. Among them, Worldcoin, an iris authentication encryption project created by OpenAI founder Sam Altman, saw its token WLD price surge from US$3 on February 16 to a high of US$7.9 on February 19, with the currency price rising 2 times in three days. many.
On February 22, the price of WLD currency exceeded US$8. As of press time, the quoted price was US$8.29, with a 24-hour increase of more than 30%, and the market value also exceeded US$1.047 billion. The rise in WLD currency prices has further catalyzed the narrative heat of the AI encryption track to rekindle.
On February 15, a Stocklytics report showed that the total market value of artificial intelligence (AI)-related cryptocurrencies has exceeded US$12 billion. The report monitored Bittensor (TAO), Render (RNDR), Akash Network (AKT), Fetch.ai (FET), CorgiAI (CORGIAI), SingularityNET (AGIX), Echelon Prime (PRIME), Ocean Protocol (OCEAN), OriginTrail (TRAC) and other nine AI cryptocurrencies.
According to the latest data from Coingecko on February 22, the total market value of AI-related crypto assets has reached US$17 billion.
In addition to the often mentioned old AI-based crypto assets such as WLD, FET, RNDR, and AGIX, there are also some new project assets that are not well known in this sector, and the data performance is also very good. For example, Binance’s AI data platform Arkham token ARKM, AI agency service project Delysium token AGI, AI model incentive platform Bittensor token TAO, AI data tokenization platform LayerAI token LAI, etc. The token assets of these projects are nearly 7 The daily increase exceeded 100%.
So, what other new AI encryption projects are currently in the encryption market? What are the opportunities for user participation?
AI infrastructure
1. AI model open incentive platform Bittensor (TAO)
The Bittensor project token TAO is one of the earliest projects launched in this round of AI encryption market. The price of TAO token has rushed from around US$200 on January 15 to US$700 on February 16, an increase of more than 3 times.
As of February 22, TAO's quotation was US$623, with a circulating market value of US$3.9 billion, ranking 25th in the entire encryption market.
In November last year, well-known crypto VC institutions Pantera and Collab Currency publicly stated that they had become holders of TAO tokens and would provide more support for the ecological development of the project.
Bittensor uses the blockchain network and Token incentive mechanism to schedule and screen different algorithm models, thereby allowing the AI field to form an algorithm (model) market with free competition and knowledge sharing. The platform is designed to allow different AI algorithms and models such as image processing, word processing or audio processing to collaborate, learn and combine with each other to form more powerful models and better serve developers and users.
To put it simply, Bittensor does not produce algorithm models, but is just a porter of high-quality algorithm models. Through the Token incentive mechanism of the blockchain, a better algorithm model can be selected for users from existing algorithms.
In terms of product design, Bittensor adopts Polkadot's parallel chain (subnet) architecture. Each algorithm AI model can be used as a chain (subnet), and then there is a separate chain to specifically handle the collaborative platform token TAO of the AI model. To motivate.
The specific operating mechanism is that there are four roles in the Bittensor ecosystem: miners, verifiers, and model users.
Miners are providers of various AI algorithms and models. They host AI models and provide them to the Bittensor network. Different types of models form different subnets, such as models specializing in pictures, sounds, or text.
Verifiers are evaluators of the quality of AI models within the Bittensor network. They can evaluate the quality and effectiveness of AI models and rank AI models based on the performance of specific tasks to help consumers find the best solutions. Currently, the validators of the Bittensor network are mostly affiliated institutions and need to pledge a certain amount of TAO tokens.
Users are also the final users of the AI models provided by Bittensor. They can be individuals or developers seeking to use AI models for applications. Using AI models requires paying a certain amount of TAO tokens.
Therefore, for Bittensor, the project itself will neither perform model data calculations nor provide its own data for machine learning on the chain. Instead, it will mobilize all other off-chain AI models to collaborate with each other and coordinate through the Token incentive mechanism. and run to select a better algorithm model for users. The mechanism is similar to the oracle project's incentive mechanism to encourage competition and select better data sources.
2. AI Agent Service Platform Olas Network
Olas Network (formerly known as Autonolas) is a unified network of automated AI agent off-chain services. Its business is to design AI agents for the encryption industry, providing users with a composable stack for building these autonomous services to handle different scenarios. task.
The so-called AI Agent is an artificial intelligence that behaves in an intelligent way. It senses the environment and takes actions autonomously to achieve goals. It works like a human agent. It can receive input data (such as sensor information, text, images, etc.) and analyze it through and process this data, understand the environment and task requirements, and automatically make appropriate decisions and actions.
For Autonolas, its mission is to provide developers with an independent service infrastructure platform for building the encryption industry, and provide it with a series of toolkits and framework supporting products to simplify developer work and processes.
Judging from the Autonolas official website product collection, various independent services created based on the platform can be used for such things as portfolio management, data analysis, market prediction, predicting APY income of certain protocols, formulating trading/income strategies, and acting as oracles to provide more information. Accurate off-chain data, help DAO governance, automatically manage and operate smart contracts, automatically establish DeFi capital pools, etc.
OLAS is the native token of the Autonolas platform launched in July last year. As of February 22, the increase in the past 14 days was 37%, with a temporary quotation of US$5.27 and a market value of US$256 million.
3. AI data annotation and training platform AIT Protocol
AIT Protocol is an AI data infrastructure mainly used for data annotation and AI model training, allowing crypto users to earn money while contributing to AI model development and training by participating in the "Train-To-Eran" task. award.
In the past 14 days, AIT Protocol’s native token AIT has increased by more than 300%. As of February 22, the temporary quotation is US$0.65, with a market value of US$54.92 million.
In December last year, AIT Protocol announced the completion of a new round of financing. The specific financing amount has not yet been disclosed. MorningStar Ventures, Megala Ventures, Alpha Protocol Ventures and a group of angel investors participated in the investment.
4. AI data tokenization platform LayerAI token
LayerAI (formerly known as CryptoGPT) is a Layer 2 network built using zkRollup technology. It is a dedicated network for AI data monetization. It is also an "AI to Earn" project that can help users turn every data task in daily life into income. source.
In the LayerAI ecosystem, there are LayerVPN data nodes or specialized VPN networks. After users download and configure them, they can obtain reward tokens by browsing the layervpn.com webpage; the AI tokenized financial center KyotoX supports any artificial intelligence data after tokenization. Trading or lending, etc.; native NFT market Layer MarketplaceL, where users can trade Data Capsule NFT (monetization of user behavior data).
LAI is the native token of LayerAI, and it is also the gas payment method of its network. The total issuance is 3 billion. As of February 22, the temporary quotation is US$0.03, with an increase of 202% in the past 7 days, and the current circulating market value is 10.7 million. Dollar.
In April last year, LayerAI announced that it had raised US$10 million at a valuation of US$250 million, with the leading investor being market maker DWF Labs.
AI encryption application products
AI encrypted search platform
1. Encryption Encyclopedia IQ
IQ also known as IQ.wiki (formerly Everipedia) is an encyclopedia of the blockchain and crypto world, with thousands of wikis on all topics and branches of knowledge in the crypto field, similar to Wikipedia in the blockchain world, dedicated to Making blockchain more discoverable and accessible around the world and providing users with information they can trust.
Currently, IQ products mainly include IQ.wiki (the world’s largest cryptocurrency and blockchain encyclopedia), IQ GPT (an artificial intelligence-driven crypto search engine), IQ.social (an artificial intelligence-driven cryptocurrency news and Social forum center), and IQ Code (artificial intelligence tool for coding blockchain languages such as Solidity and Vyper, which can help users write efficient and secure code), etc.
Within the IQ ecosystem, the $HiIQ and $IQ dual-token operation method is adopted.
HiIQ is a lock-up token generated by pledging IQ tokens. The mechanism is similar to Curve's VeCRV token. The HiIQ balance held by users determines the voting weight of governance proposals in the IQ ecosystem.
Like the VeCRV token, HiIQ is a non-transferable token and cannot be traded on the liquid market. However, HiIQ has value. For example, users who use IQ GPT to search for cryptographic knowledge need to hold a certain amount of HiIQ tokens. Currently, IQ GPT provides early access and advanced features to holders who hold at least 100,000 HiIQ;
IQ token is the native token in its ecosystem and provides initial power support for Dapp applications in the ecosystem. The maximum supply of IQ token is 21 billion.
As of February 22, the IQ token was quoted at US$0.0075, with a 24-hour increase of approximately 30%, and a circulating market value of US$136 million.
2. Web3 knowledge sharing platform QnA3.AI
QnA3.AI, referred to as QnA3, is an AI-driven Web3 knowledge sharing and search platform designed to provide users with accurate knowledge in the field of cryptocurrency. At the same time, it is also one of the projects of Binance Labs’ sixth season incubation plan and is built based on opBNB.
QnA3.AI not only provides information access and information acquisition, but also provides complex logical analysis functions for users to make decision-making transactions, etc.
On February 21st, QnA3.AI announced that it would conduct the first round of airdrops for the token QNA. Interaction records and points will determine the user’s share of the airdrop. Users can earn points by asking questions to the AI or voting on questions.
According to the official description, users who meet any of the following three conditions will have the opportunity to qualify for air investment:
1. Active participants. Those who participate enough before the first snapshot on January 25, 2024 will receive rewards. Early bird users who join before December 3, 2023 will receive additional tiered rewards based on their activity levels;
2. Interactive participants with excellent performance, including daily voting, check-in, asking questions and mining;
3. Global ambassador, etc.
Among them, QNA tokens have a variety of application scenarios, such as facilities that can be used to obtain additional query quotas such as TG Bot’s quota. The new “horse racing” function on the product allows users to use QNA tokens to predict and predict popular issues of the week. Betting, you can also use QNA to buy advertising space on trending search lists, etc.
3. Web3 search engine Kaito
Kaito is an AI-driven Web3 search engine dedicated to solving the problem of information fragmentation in the encryption field. Hoping to change cryptocurrency research and investment information access through AI technology, it has gathered and indexed thousands of high-quality web3 resource libraries that traditional Google cannot reach, including Twitter, Discord, governance forums, research, news, podcasts, TwitterSpace, meeting minutes, etc. And transforms as little as terabytes of unstructured data information into searchable and readable insights to help users make more informed decisions.
Kaito's main product is MetaSearch (metasearch), which aims to search for any topic or project trend in the crypto world through a one-stop product search function, as well as aggregated information on Twitter, Discord, governance forums, Mirror, Medium and other platforms. for instant insights.
In addition to aggregating information, MetaSearch utilizes AI to optimize its search engine through ranking, topic mining, personalization, recommendations, speech-to-text transcription and AI-generated content, and integrates ChatGPT/GPT-3.
Currently, MetaSearch is a paid search product. Users need to pay a fee to use it. The standard version is $99 per month, the professional version is $333 per month, and the elite version is $833 per month.
In June last year, Kaito launched the encrypted search engine "WHAT" Beta version. WHAT combines Auto-GPT, advanced large language models (such as GPT 4) and Kaito's proprietary real-time encrypted search engine.
According to the encrypted data platform RootData, Kaito has completed two rounds of financing of more than US$5 million. The first was a US$5.3 million seed round in February last year with a valuation of US$40 million. Dragonfly led the investment, Sequoia China and Jane Street Participated in the investment; the second round of financing was completed in June last year at a valuation of US$87.5 million, a US$5.5 million Series A financing, led by Superscrypt and Spartan.
Currently, Kaito has not yet issued coins.
AI creation platform
1. AI robot creation platform MyShell
MyShell is an AI robot content creation platform based on opBNB, allowing users to easily discover or create various applications or robots based on natural language processing technology, such as voice chat robots, language learning assistants, image generation tools, etc. It is also the sixth Binance Labs One of the projects selected for the quarter incubation plan.
MyShell provides templates and tools so that users without programming foundation can create their own AI robots or tools through simple configuration, aiming to be a code-free robot creation platform.
It only takes 5 minutes to build a simple Bot on the MyShell platform. Users can also customize the Bot's avatar, skin, voice, etc.
Currently, MyShell mainly has three categories of robot technologies, including voice interaction robots, video animation and virtual humans, image generation, etc.
Among them, voice interaction technology allows users to customize the voice style of the robot, and also supports voice chat, language learning and other functions. For example, the Emma robot created by MyShell is specially designed for English beginners. Users can interact with it by sending messages and making phone calls. Have English conversations, etc., and can also accompany you as the user's virtual girlfriend.
Video and avatar technology can realize video chat functions. For example, Shizuku robot is the first virtual character with Live 2D function. Users can video call her through video chat and watch her Live 2D expression changes.
The image generation class can provide text-based image generation functions. Users can generate images through language descriptions and support multiple generation model scheduling. For example, the Avatar Magician Robot is an AI assistant that can help users quickly create beautiful avatars.
According to the encrypted data platform RootData, MyShell completed a US$5.6 million seed round of financing at a valuation of US$57 million in October last year. INCE Capital led the investment, with participating investors including HashKey Capital, Folius Ventures, SevenX Ventures, OP Crypto, etc.
Currently, MyShell has not yet issued coins, and users can earn points by participating in each season task held by the platform.
2. NFT art generation platform NFPrompt
NFPrompt is an artificial intelligence-driven NFT art generation platform that allows users to easily create stunning works through indicator words (Prompt), and generate NFT with one click to obtain ownership confirmation. It is also one of Binance Labs' sixth season incubation projects.
Currently, the NFPrompt platform provides 5 different artificial intelligence-powered creation tools such as images, videos, pfp, and music, allowing anyone to easily create NFTs, which can be purchased or sold by collectors and enthusiasts, and converted into real-world NFTs. The legal currency income also provides a good example for the realization of AI assets.
As of February 22, the NFPrompt platform has a total of 4.95 million creators and has generated 2.66 million NFT works.
In December last year, NFPrompt (NFP) launched the 41st phase of Binance’s new currency mining Fair Mode project. The initial issuance of NFP was 1 billion, and the current price is US$0.74. It has increased by more than 40% in the past 14 days and has a circulating market value of US$179 million.
AI data analysis platform Arkham (ARKM)
Arkham is an AI-driven blockchain intelligence and data analysis and tracking platform that provides granular information and visualization tools for on-chain activities.
In July last year, Arkham launched "AI Entity Prediction" and the artificial intelligence assistant Arkham Oracle for on-chain analysis, allowing users to search, filter and sort cryptocurrency transactions and transactions by value, token, time and counterparty.
In the same month, Arkham announced the launch of Binance’s 32nd Launchpad project, and announced in November last year that Binance Labs invested in Arkham’s native token ARKM.
The total issuance of ARKM tokens is 1 billion. As of February 22, the provisional quotation is US$1.34, with an increase of 130% in the past 14 days, and the circulating market value is US$240 million.
AI games
1. AI virtual companion game Sleepless AI
Sleepless AI is a virtual companion game based on AI blockchain, which uses AIGC and LLM to create rich story-based gameplay. It is also one of Binance Labs’ sixth season incubation projects.
In Sleepless AI, there are two games: virtual boyfriend "HIM" and virtual girlfriend "HER" love games. Currently, the only virtual boyfriend game "HIM" has been launched, which is a love simulation game targeting female groups. Each character is a unique SBT character.
In December last year, Sleepless AI launched the 42nd phase of Binance’s new currency mining project, and in the same month announced the completion of a new round of financing led by Folius Ventures. The specific amount was not disclosed.
AI is a Sleepless AI in-game governance token that can be used to vote on game content and future directions, upgrade game props, purchase boyfriend accessories or clothing, etc.
The total number of AI tokens issued is 1 billion. As of February 22, the provisional quotation is US$1.85, with an increase of 58% in the past 14 days, and the circulating market value is US$240 million.
2. Metaverse game developer and AI Agent service platform Delysium
Delysium is both a Web3 game publisher and an AI-driven open world framework.
In March last year, Delysium was a 3A-level MMORPG blockchain game launched on Epic Games. The goal is to build a virtual world where 100 million people and 10 billion AI virtual creatures will coexist on the blockchain.
In this virtual game, the AI-driven virtual character MetaBeing is also called a virtual native. Everyone can create their own AI virtual existence, which can not only serve as the player's digital identity, but also the player's companion and NPC. In addition to playing games with them, players can also talk and interact with their artificial intelligence virtual creatures through natural language to learn about cryptocurrency, check and trade cryptocurrency assets, discover cryptocurrency opportunities, etc.
Since Delysium’s parent company, rct AI, is a company focused on AI, AI-driven genes are embedded in Delysium.
In November last year, Delysium released the V2 version of the white paper, using AI to build a user intent-centered AI Agent Network for Web3, which can accurately capture user intent and complete it efficiently through automated workflows.
Currently, Delysium has launched two AI products: Delysium AI and Lucy.
Delysium AI supports any user to create their own AI-Twins virtual person. Players can interact with the AI virtual person to learn about cryptocurrencies, check and trade crypto assets, discover cryptocurrency opportunities, and get risk warnings in advance through natural language conversations.
Lucy is an AI-driven Web3 operating system and an AI Agent that can call various encrypted DApps through conversations, including but not limited to complex combinations of asset query, transfer, pledge, Swap, cross-chain and other operations.
For example, users can use Lucy to help transfer some ETH, BNB or any tokens they own to other addresses. Users only need to issue instructions to Lucy, give the target address, the name and amount of tokens to be sent, and then Lucy will help them Complete the operation.
Currently, there are two tokens DMA and AGI in the Delysium ecosystem.
DMA is the metaverse game utility token within the Delysium ecosystem, and is also a membership in the Delysium Multiverse Accelerator. It can be used to select, vote and support the development of each Delysium AI framework world, and share the benefits of the entire ecosystem. It is also You can enjoy exclusive benefits and privileges, including but not limited to revenue sharing in the ecosystem, early access to various artificial intelligence applications and airdrop opportunities, and priority access to various Web3 content released through decentralized publishing protocols, etc.
AGI is an artificial intelligence governance token within the Delysiu ecosystem. Users can earn their tokens by staking AGI. The number of DMA tokens held at the same time will determine the AGI output speed. Taken together, the DMA function is similar to VeCRV.
The maximum supply of AGI is 3 billion. As of February 22, the temporary quotation is US$0.17, with an increase of 228% in the past 14 days, and a circulating market value of US$110 million.
