GM! Welcome to Chain of Thought.
In this edition of our weekly AI Edge, we cover:
AIOZ stands strong amidst market selloff
Arweave and AO are buzzing
Hyperbolic raises $7m from Polychain and others
Our favourite tweets on X
Happy Birthday to Justin Sun! His excellency caused quite a stir on CT over whether his birthday photo was AI-generated. Shows how important verifiability is (hint: blockchains enable this) 🙃👀👐
🦍 State of the Market..
Source: CoinGecko
The Crypto x AI market dropped 7.5% this week to $24.7B from $27B last week. Most large-cap Crypto x AI tokens have dipped in line with this sell-off.
However, AOIZ bucked the trend and turned heads with a 20% surge. What’s behind the reversal? The catalyst seems to be their newly inked partnership with Sei network.
AIOZ is a live DePIN network for data storage & AI inference. It will now offer its suite of products to builders within the Sei ecosystem. Despite the broader market downturn, AIOZ is showing remarkable resilience.
📊 Chart of the Week
The Buzz On AO
Source: @sealaunch on Dune
The chart below tracks unique buyers across various NFT marketplaces over the past 7 days. But the real story isn’t on the chart—it’s what’s happening off it.
On July 30th, AO’s BazAR NFT marketplace quietly racked up 708 unique buyers, placing them squarely between OpenSea’s 1,245 and Blur’s 595.
So what’s driving this surge? The buzz seems to be all about the DumDumz NFT collection, which launched earlier this week. DumDum, AO’s beloved mascot, is rapidly becoming the blue-chip NFT of the AO ecosystem. Things are certainly heating up on AO!
FYI: There are a total of 1,984 NFTs, currently at a floor price of $130 (30x from its mint price)
🏆 Caught Our Eyes..
Hyperbolic announces a $7M raise led by Polychain Capital and Lightspeed to become the Web3 version of Amazon Web Services.
Robotics data layer Mecka AI announces the release of its mobile app
New launch: Crush AI is an AI agent protocol to make navigating the blockchain easier. It was incubated by the Nvidia inception program
Prime Intellect releases on-demand, multi-node GPU clusters and team account features.
Ora Protocol announces phase 2 of their staking program with new vaults and nope ops.
Raiinmaker’s Awakens free NFT mint is still ongoing, with 75,000 minted so far. It ends on August 7. It is a decentralised compute network.
Privasea’s Node Mint starts on August 1st. Privasea is a proof-of-humanity network utilizing AI.
Robonet opens deposits for Pauly, their AI agent trading bot for Polymarket predictions.
Compute Labs’ H100 GNFT presale (tokenised enterprise-grade GPUs) went live on August 2nd
Mira Network’s Klok Beta opens to the public, a chatGPT for crypto information. We asked Klok if they heard of our newsletter; unfortunately, they hadn’t.
Space and Time becomes an official ZK coprocessor for slashing and rewards on Karak.
Arweave Eco and AO
Ankush builds on Reality Protocol for LLamaLand.
ArSwap announces an upcoming reveal for trading.
A Megathread on Arweave and AO ecosystem.
Bittensor
Bitmind AI launches as subnet 34 on Bittensor. It focuses on identifying AI-generated media and deep fakes. 0xPain explains how BitMindAI identifies deep fakes.
🧠 Open Source Corner
Github takes on Hugging face, making top AI models available directly on its platform.
Mistral released Large2, its flagship AI model that scores close to Llama-3-405B. Within a week, we’ve got two GPT-4 level open models!
Google's newly released, open-weighted Gemma 2 2B model performs better than larger models 10x its size.
🔥 On X..
Variant fund’s predictions on Crypto x AI in 2024-2025
Nairolf covers Zama (FHE for AI)
The Triggerpod hosts Peter Thiel - He believes AI is transformative and disruptive to society, akin to the internet in the late 1990s
Wolf’s 10+ favourite projects on AO currently
Stacy Muur with an ELI5 on Theoriq, the AI Agent Base Layer
Gnosis DAO on applying AI agents to prediction markets
Mark Jeffrey recaps Bittensor updates
Schelling AI Article - How to Think About AI
Paul Gafni on Verifiable Computation
Messari on Exploring AI x Crypto
That’s it for this week! If you have specific feedback or anything interesting you’d like to share, please just reply to this email. We read everything.
Cheers,
Teng Yan & Joshua
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This newsletter is intended solely for educational purposes and does not constitute financial advice. It is not an endorsement to buy or sell assets or make financial decisions. Always conduct your own research and exercise caution when making investment choices.
