🦍 State of the Market..

Among the losers, SNS dropped 31%, COMAI slid 28%, and ZEREBRO fell 18%. Despite these dips, the Crypto AI market remains relatively stable.

On the winning side, GRIFFAIN and FARTCOIN soared by an impressive 280%. FARTCOIN’s surge seems tied to speculation about its connection to Truth Terminal’s original idea.

Meanwhile, GRIFFAIN is riding on backing from Solana’s founder Toly, with its app set to be part of Solana Mobile. Momentum is clearly on its side.

 📊 Chart of the Week

ELIZA becomes The #1 Trending Repository on GitHub

The chart above shows the number of contributors to ELIZA (an AI agent framework by the ai16z team) on GitHub. Between November and December, the peak number of contributors was 300! The Eliza framework was also #1 trending on GitHub for a while.

With over 1,000+ forks and counting, activity around Eliza and ai16z is surging. The market seems to agree—since November, the ai16z token has skyrocketed by 622%.

🌴 This Week in TGEs: Heurist, KIP Protocol, and Creator Bid

This week there was a wave of AI token launches.

Heurist is a decentralized compute project using ZK technology to slash inference costs. Its token HEU launched on December 9th at a market cap of about $20m. The token was distributed on Base (Aerodrome), ZKsync Era (Pancakeswap), GATE.io, and MEXC. The market liked what it saw—FDV climbed to an ATH of $36M in just two days and is now sitting at $26M

KIP Protocol is building a base layer for AI, providing data and payment rails between decentralized AI assets. They won the 2023 Chainlink Hackathon and are backed by Animoca Ventures and Tribe Capital.

This week, KIP’s token debuted with a $25M market cap. The launch showed promise—KIP climbed to a $55M market cap at its peak and has held strong despite some pullback. It’s now trading at $46M, with a $373M FDV

The final “launch” of the week, Creator Bid, was anything but smooth. The team aimed to run a fixed-price sale via Fjord Foundry, offering BID tokens at a $25M FDV—the same valuation as private investors.

Only 100M BID tokens ($2.5M) were up for grabs, with wallets capped at 400K tokens ($10K USDC) each. If everyone maxed out, just 250 users could participate. Tight supply, high demand

At launch, Fjord Foundry’s website was hit by a DDOS attack, locking many users out of the sale page. To make matters worse, one user bypassed the max allocation limit, scooping up 500k BID tokens.

The aftermath? Creator Bid isn’t recognizing the sale and is refunding all USDC sent to the contract. The team is regrouping and planning a new token sale. Here’s hoping the next attempt is smoother. Fingers crossed.

🏆 Caught Our Eyes..

Fundraises

• Hyperbolic scores $12M in Series A funding, led by Variant and Polychain Capital. Hyperbolic offers GPU access at a 75% lower cost with under a minute set-up.

• DWF Labs launches a $20M AI Agent Fund to accelerate innovation in autonomous AI technologies.

• Latent Holdings announces that OSS Capital has invested $3M. Latent Holdings is a Bittensor startup looking to accelerate digital intelligence and will also run a Bittensor validator.

• Scrypted has raised a $1.5M pre-seed round led by Palm Tree Crypto with backing from a16zcrypto CSX to build decentralized AI agents and the Inori network.

Project Updates

• Glacier Network releases its TGE roadmap for its token GLS. Fixed price Fjord Foundry sale from 12/11 - 12/18 followed by CEX/DEX listings on 12/18 and a live mainnet on 1/10. Glacier Network is building a data-centric network that for AI and DePIN.

• Vana announces that its mainnet and VANA token will go live on 16 December, with 25.1% circulating at TGE. Users can contribute and govern their data via DataDAOs, validate data contributions, and secure the network through validator nodes.

• Hyperfy IO announces version 2.0 of their game, enabling users to create AI agents you can visit and interact with virtually.

• Grass releases Video-Audio Large Interleaved Dataset (VALID) in partnership with Ontocord and LAION. This dataset comprises 30 million audio snippets interleaved with images and text and is the first ever video-audio interleaved dataset.

• Morpheus crosses $1.25b in stETH deposits. Users do not suffer from impermanent loss when depositing and have instant stETH deposits and withdrawals, with up to 90% APR for staking.

• Delphi Digital launches DelphAI, their Delphi Ventures AI analyst. Delphi is hosting a $1M investment competition for projects submitted to Delphi AI. Delphi trained the model on 685+ pitch decks.

• Flock.io partners with Aimonica Brands, training the engine that drives Aimonica. This model turns unstructured data into clear, actionable insights.

• CrunchDAO appoints Philipp Wassibauer as their new CTO, previously Director of Engineering and interim CTO at Dune Analytics.

• Kaito AI’s Yaps point program is now live for everyone. You can collect real-time points for the mindshare you contribute to crypto.

AI Agents

• Moemates announces Mates.lol and the launch of MATES on 12/18. Mates.lol is a platform to create and trade tokenized AI agents. The team has been active in web2 with >100,000 users on its Moemates platform. The agents created will utilize the Moemates skills framework.

• Talus Protocol partners with Tria to enable intelligent cross-chain Talus agents with Tria’s BestPath AVS. This marks a step forward in building decentralized AI agents interacting within multiple ecosystems.

• Meme Blind Box (MBB) is Magnet’s first implementation of an Agent-to-Human interaction. MBB is an autonomous AI agent that operates on social media platforms.

• Virtuals launches their Agent Sandbox, enabling developers to iterate faster with the G.A.M.E agentic engine. This tool will be accessible for bonded agents, and it will be rolled out to non-bonded agents at a later time.

• ACT 1 releases Act Swap, a monetisation protocol for AI Agents. This enables users to choose an AI agent, send in a prompt, and then watch it publish the result directly on its X page.

• Nous Research announces Nous simulators, a home for all the AI agent experiments involving human-AI interaction.

• Dolion is a no-code, one-click deploy framework to build cross-platform AI agents powered by Llama or Claude. Dolion is built by BULLY developer Khouba. Users need to burn BULLY to launch their agent.

• The Fungi Project announces that it is launching the Fungi Agent this month, which is an AI-powered DeFi assistant. It has a tradable token, FUNGI.

Incentive Programs / Rewards

• Ritual launched their private testnet on December 5th.

• KIP Protocol’s airdrop checker is now open. Uprising users, Genesis Pass NFT holders, Nodes early buyers, and KIP 100x SBT holders are all eligible.

• The first-ever Solana AI hackathon went live on December 11th with $185k in cash prizes.

Bittensor

• Masa launches Subnet 59 on Bittensor, a gamified arena where AI agents compete to earn TAO rewards by engaging users on X.

• Mode Network announces Synth, a Bittensor subnet for financial forecasting. Synth provides tools to generate precise synthetic data for modelling volatility, price dynamics, and probability distributions. The testnet is now live.

• Crucible Labs launches sector-based analyses of Bittensor Subnets. Their first sector of research is decentralized training.

🧠 In Case You Missed It

We dropped two research deep dives this week, which we highly recommend checking out:

1. AI16z & ELIZA

ChappieOnChain and I look closer at their unique bazaar-style development approach, how it stands apart from Virtuals, and potential value accrual mechanisms for the token.

2. Mira Network

This startup is tackling one of AI’s biggest challenges: reducing hallucinations and bias using a collective wisdom approach. They’re flying under the radar for now—but probably not for long.

Alpha leak: in the article, we included a whitelist code (for the first 300 COT readers) for Mira's node delegator program.

🔥 On X..

The $CHAOS token saga is getting more bat sh*t by the second

The differentiating factors in AI agents

Summary of Patchwork Naval AMA

Bettensor’s top miner with a 67.29% accuracy

Analysis of Bittensor’s Decentralized Training Sector

AI Agent Infrastructure Ways are heating up

🚀 TL;DR

• Lookout for Vana, Glacier Network and Creator Bid’s token generation events

• Check on your KIP Protocol allocation, the token is live