Although the overall market situation is relatively cold in a bear market, it is often a good time to explore and discover potential projects. Today, we continue the topic of project analysis and take a look at other recent Altcoins projects worthy of attention in the field of AI.
The first project is Orbofi AI (OBI)
Orbofi is an AI engine suitable for Web3 and games. It allows you to easily create on-chain assets and AI models from your mobile phone. Simply put, it is like your personal digital asset factory, which you can create in a few seconds. Game assets or media assets and tokenize them on the blockchain, you can also create virtual goods factories for any kind of assets and tokenize them.
Previously, Orbofi has completed $2.8 million in financing through private placements and public token sales. The private placements were led by Cogient Ventures, OIG Capital, CSP DAO, Zephyrus Capital, and Halvings Capital.
OBI is both Orbofi’s utility token and governance token. As an in-app and intra-ecosystem token, it powers the production and distribution of AI-generated content on Web3 applications, games, and media applications.
The supply of OBI tokens is 1 billion. The specific allocation quota and unlocking period are shown in the figure below.
Currently, the project has not been officially released, and its application is expected to be released in the third quarter of 2023.
The second project is ChainGPT (CGPT)
ChainGPT attempts to use innovative technology to solve complex problems in the field of cryptocurrency and blockchain. It uses artificial intelligence algorithms, easy-to-use application programming interfaces and high-performance computing power to unleash the power of artificial intelligence in cryptocurrency and blockchain. .
Key features of ChainGPT include: Blockchain and cryptographic information, codeless smart contract generator, smart contract auditor, code debugger, code to words, document creator, chart analysis and technical analysis, AML functionality, blockchain analysis , real-time data on the chain, news sources, etc.
Through relatively advanced artificial intelligence models, it can provide users with unlimited use cases where ChainGPT can be applied. Additionally, its SDK and API services make it possible to develop new applications powered by ChainGPT or integrate them into existing applications.
CGPT is ChainGPT’s utility token. Its main purpose is to power the ChainGPT ecosystem. Its current market value is US$5.9 million.
The 3rd project is SophiaVerse (SOPH)
SophiaVerse was officially launched on July 28. Before its official launch, SophiaVerse had undergone more than two years of development.
The core of the SophiaVerse ecosystem is Sophia’s AI Lab, developed by David Hanson and Ben Goertzel in partnership with Hanson Robotics and SingularityNET.
To put it simply, we can understand this project as a gamified infrastructure that introduces anti-centralized artificial intelligence and aims to promote the development of the Sophia ecosystem through gameplay, artificial intelligence programming, etc.
The 4th project is PARSIQ (PRQ)
PARSIQ is a blockchain big data intelligent intelligence platform. Whether you want to explore historical blockchain information or understand the latest blockchain data, Parsiq can meet your needs.
We all know that oracles are an indispensable type of middleware in the decentralized world. Their main function is to connect the off-chain and on-chain and synchronize off-chain information to the chain. For example, decentralized exchanges require oracle transmission. Prices are synchronized on the chain in real time so that transactions can operate normally. The representative project of oracles is ChainLink (Link), and Link also performed very well in the last bull market, with prices rising all the way, almost 20 times.
Well, okay, someone here has a curious question. Since Link mainly synchronizes off-chain information to the chain (off-chain → on-chain), is there a situation that is opposite to the path of the oracle, such as Synchronize on-chain information to off-chain (on-chain → off-chain)?
It just so happens that PARSIQ is doing this on-chain to off-chain process. In summary, it is based on big data technology, real-time + large-scale monitoring of the blockchain world, allowing users (covering individuals, companies, and enterprises) to monitor any events on various blockchains and applications in real-time and large-scale, and through The customized trigger mechanism links these events to any off-chain application or device and other application scenarios to enable workflow automation.
Currently, PARSIQ can be used in a variety of usage scenarios, including on-chain big data analysis and real-time monitoring and fraud prevention tracking, alerting for exceptions, following relevant blockchain projects in real time, tracking their changes, and collecting and integrating on-chain data for off-chain businesses. Process empowerment (risk management, market intelligence, etc.).
PRQ is the native token of PARSIQ, which plays an important role in the PARSIQ ecosystem. Users can use PRQ to make payments, enjoy discounts, etc. within the PARSIQ platform.
The 5th project is Moxy (MOXY)
Moxy is a Web3 gaming platform created based on the Flow blockchain, where all players can play their favorite games competitively. In March this year, Moxy had completed US$10 million in financing led by Shima Capital, Polygon, MetaTope and GSR.
In the entire game field, we can divide the current games into three main categories: console games, PC games and mobile games. Moxy is trying to use blockchain technology to build e-sports into the fourth category of games. Players can play in Moxy Compete in various games and get real rewards.
MOXY is the universal token of the Moxy platform, and holders can use it to purchase goods or services on the Moxy platform without converting it into another digital asset or legal currency. Through e-sports competitions, real rewards with MOXY as the core create a new source of income for both players and game publishers: each e-sports competition creates a fund pool, 90.1% of which is allocated to winning players as rewards, and 6% is allocated to publishers business, 3.9% will be allocated to the Moxy Foundation.
Okay, the above is all the content shared through "Hua Li Huawai" today. Let us finally summarize and review together. This article is one of the series of articles analyzing Hua Li Huawai's projects. It mainly summarizes several recent projects in the AI field that are worthy of attention. They are Orbofi (OBI), ChainGPT (CGPT), SophiaVerse(SOPH), PARSIQ(PRQ), Moxy(MOXY). I hope today’s sharing can be helpful to everyone.
Special thanks for this article: cyrilXBT, 0xTHades
Disclaimer: The above content is only a personal perspective and analysis. It is only for popular science learning and communication among enthusiasts and does not constitute any investment advice. Investment is risky, please treat it rationally, increase risk awareness, and abide by the relevant laws and regulations of the country and region where you are located!
