🦍 State of the Market..

The Crypto AI sector saw a modest gain of 3.4% this week. GRASS, boy oh boy, stole the show with a massive 145% surge this week. This is a clear signal to us that there is a strong market appetite for fresh Crypto AI protocols with product-market fit. GOAT also had a stellar week, rising 45%.

Among the heavyweights:

• TAO had a strong week, climbing from a low of $405 to $515.

• OLAS continued its upward momentum, rising another 30% to $2.66.

However, not all tokens share the same fortune. LUNA took the biggest hit, dropping 26% to $0.08. After last week’s massive run-up, this correction isn’t too surprising.

One to watch: NEAR. It’s been quietly lagging behind, down 0.6% from last week and trading at $4.19. Unlike some of its Crypto AI peers, NEAR hasn’t captured the same level of attention lately. Could it be due for a catch-up rally? Time will tell.

 📊 Chart of the Week — Subnet 48

Predicting Real Estate Prices on Bittensor

Bittensor Subnet 48 NextPlace is a subnet dedicated to predicting real estate valuations for property sales.

It’s quickly become a standout example of how surprisingly proficient subnet miners can be in specialized use cases.

The chart above compares predictions from NextPrice and Zestimate (Zillow’s proprietary valuation model).

For a property sale on Thursday, 10/24, NextPlace’s prediction was closer to the actual sale price, with an average error of $4,997 compared to Zestimate’s $13,700.

In the date range analyzed, NextPlace outperformed Zestimate on all but one sale, showcasing the potential of decentralized models to rival, and in some cases exceed, centralized systems in accuracy.

Out of five sales, Zestimate was closer on only one property, while NextPlace nailed the exact price for 2219 Stoney Point in Houston, Texas—a perfect prediction.

What’s remarkable is that Subnet 48 miners are not only competing with but outperforming Zestimate, a model backed by data from hundreds of listers and brokers across the U.S.

As Badenglishtea, founder of NextPlace, noted, this achievement is even more impressive given the short timeline. The subnet launched 6 weeks ago, and its initial models became obsolete within just two weeks—a testament to the miners’ adaptability and skill in refining their models.

The takeaway? Never underestimate the capability of subnet miners. They can excel and push boundaries in specialized domains with the right incentives.

🌴 New Crypto AI Token Launches

With Grass stealing the spotlight and showing how new token launches can perform exceptionally well, we wanted to look at a few other recent or upcoming TGEs.

Chasm Network is building a no-code platform to create, deploy and monetise AI agents efficiently and securely.

CAI launched on October 25th and reached an FDV of as high as $247M before falling to $103M (note only 10% of the supply is circulating). CAI is currently trading at $0.10.

Although it hasn’t attracted the same attention as Virtuals or Grass, its node sale sold out in 6 minutes in September. Chasm has partnered with Chromia to leverage Chromia’s verifiable data management capabilities.

Another upcoming token launch is Heurist AI.

They released their whitepaper and roadmap. The TGE is scheduled for Q4 2024, and the token's mining seasons will continue through 2025.

While the token itself isn’t live yet, it’s possible to gain early exposure through their Imaginaries NFT collection.

The Imaginaries NFT collection is allocated 1.75% of the total token supply, which will be fully unlocked at TGE. With 400 NFTs and a floor price of 1.68 ETH, this implies a fully diluted valuation of approximately $94M.

One final one: 0G Labs will have their node sale on November 11th for whitelisted members and November 13th for public users. 175,500 nodes in 32 tiers will be available for purchase

🏆 Caught Our Eyes..

Project Updates

• Story Protocol’s final testnet Odyssey is now live, with nearly 100 ecosystem partners building apps on Odyssey

• RoboNet shares a review of Pauly, their political trading agent. Pauly achieved a PnL of 13.79% and hedged trading on Polymarket without exposure to the final result

• Allora Network introduces their Allora Model Development Kit enabling rapid and powerful ML model creation

• Prime Intellect’s INTELLECT 1, a decentralised training run for a 10B parameter AI model, hits 50% training completion

• PINAI’s Hi PIN Telegram app crosses 100k users. Hi PIN starts out as a mobile game but evolves into your personal AI assistant

• Spectral Labs teases the idea of creating fully autonomous AI agents with access to Hyperliquid. These agents can trade on leverage and be governed by token-gated communities

• aelf blockchain announces that its Telegram sidechain is now a full dApp chain, and it plans to include AI capabilities into its ecosystem

• Autonomous AF introduces Botega, the first autonomous agent-first DEX on AO. Botega enables complex orders like trailing stops, DCA, limits, and more for autonomous agents.

• Autonolas reports 358 new services registered and 1.57M services transactions in October

• Oasis AI crosses 100k users of their Chrome extension. Oasis AI is building a distributed supercomputer, providing AI inference through distributed compute.

• RivusDAO burns 15%(!) of its total supply in two weeks in a bid to amplify the token value

New Partnerships

• Theoriq AI partners with Cluster Protocol to facilitate AI agent workflows and templates

• Masafi partners with Moraq Gaming to fuel AI agent-powered prediction markets. Moraq will use Masa’s real-time data from X to power their AI agents

• 0G labs partners with Super Protocol to allow AI developers to collaborate on projects while keeping their data and models private

Interesting finds

• A map visualisation of all AI agents on BASE

• Kalos teases the potential power of AI Wayfinder, with the possibilities limited only by our imagination

• Delphi Digital’s recap of week 3 with AskVenice, Almanak, Autonolas, and others

• Open Gradient recaps a month of seed funding, devnet launch, SDK launch, and model hub launch.

🧠 In Case You Missed It

In this week’s deep dive, we looked at DIN, a data intelligence network with 700,000+ daily active users on BSC.

What are these users all doing? 🤔👇

🔥 On X..

We are still so early

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