🦍 State of the Market..

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

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