Original author: Xiyou, ChainCatcher

Original editor: Marco, ChainCatcher

On February 16, OpenAI released Sora, a large text video generative AI model. This model can generate a 60-second coherent video based on text information. Its generation capabilities and the maturity of the video presentation not only shocked users around the world, but also ignited the fire again. The outside world’s imagination about artificial intelligence.

With the help of the Sora craze, AI-based crypto sector assets have started a sharp rise. Among them, Worldcoin, an iris authentication encryption project created by OpenAI founder Sam Altman, saw its token WLD price surge from $3 on February 16 to a high of $7.9 on February 19. The price of the currency tripled in three days. many.

On February 22, the price of WLD currency exceeded US$8. As of press time, the quoted price was US$8.29, a 24-hour increase of more than 30%, and the market value also exceeded US$1.047 billion. The rise in the price of WLD currency has further catalyzed the rekindling of narrative interest in the AI ​​encryption track.

On February 15, a Stocklytics report showed that the total market value of artificial intelligence (AI)-related cryptocurrencies has exceeded US$12 billion. The report monitored Bittensor (TAO), Render (RNDR), Akash Network (AKT), Fetch.ai (FET), CorgiAI (CORGIAI), SingularityNET (AGIX), Echelon Prime (PRIME), Ocean Protocol (OCEAN), OriginTrail (TRAC) and other nine AI cryptocurrencies.

According to the latest data from Coingecko on February 22, the total market value of AI-related crypto assets has reached US$17 billion.

In addition to the often-mentioned old AI-based crypto assets such as WLD, FET, RNDR, and AGIX, there are also some newer project assets that are not well known in this sector, and the data performance is also very good. For example, Binance’s AI data platform Arkham token ARKM, AI agency service project Delysium token AGI, AI model incentive platform Bittensor token TAO, AI data tokenization platform LayerAI token LAI, etc. The token assets of these projects are nearly 77 The daily increase exceeded 100%.

So, what other new AI encryption projects are currently in the encryption market? What are the opportunities for user participation?

AI infrastructure

1. AI model open incentive platform Bittensor (TAO)

BittensorThe project token TAO is one of the earliest projects launched in this round of AI encryption market. The price of TAO token has rushed from around US$200 on January 15 to US$700 on February 16, an increase of more than 3 times.

As of February 22, TAO was quoted at $623, with a circulating market capitalization of $3.9 billion, ranking 25th in the entire crypto market.

In November last year, well-known crypto VC institutions Pantera and Collab Currency publicly stated that they had become holders of TAO tokens and would provide more support for the ecological development of the project.

Bittensor schedules and screens different algorithm models through the blockchain network and Token incentive mechanism, thereby allowing the AI ​​field to form an algorithm (model) market with free competition and knowledge sharing. The platform is designed to allow different AI algorithms and models such as image processing, word processing or audio processing to collaborate, learn and combine with each other to form more powerful models and better serve developers and users.

To put it simply, Bittensor does not produce algorithm models, but is just a porter of high-quality algorithm models. Through the Token incentive mechanism of the blockchain, a better algorithm model can be selected for users from existing algorithms.

In terms of product design, Bittensor adopts Polkadots parallel chain (subnet) architecture. Each algorithm AI model can be used as a chain (subnet), and then there is a separate chain to specifically handle the collaboration of the AI ​​model and the platform token TAO To motivate.

The specific operating mechanism is that there are four roles in the Bittensor ecosystem: miners, verifiers, and model users.

Miners are providers of various AI algorithms and models. They host AI models and provide them to the Bittensor network. Different types of models form different subnets, such as models specializing in images, sounds, or text.

Verifiers are evaluators of the quality of AI models within the Bittensor network. They can evaluate the quality and effectiveness of AI models and rank AI models based on the performance of specific tasks to help consumers find the best solutions. At present, most of the verifiers of the Bittensor network are its affiliated institutions and need to pledge a certain amount of TAO tokens.

Users are also the final users of the AI ​​models provided by Bittensor. They can be individuals or developers seeking to use AI models for applications. Using AI models requires paying a certain amount of TAO tokens.

Therefore, for Bittensor, the project itself will neither perform model data calculations nor provide data for machine learning on the chain. Instead, it will mobilize all other off-chain AI models to collaborate with each other and coordinate through the Token incentive mechanism. and run to select a better algorithm model for users. The mechanism is similar to the oracle projects incentive mechanism to encourage competition and select better data sources.

2. AI Agent service platform Olas Network

Olas Network(formerly known as Autonolas) is a unified network of automated AI agent off-chain services. Its business is to design AI agents for the encryption industry, providing users with a composable stack for building these autonomous services to handle tasks in different scenarios. .

The so-called AI Agent is an artificial intelligence that behaves in an intelligent way. It senses the environment and takes actions autonomously to achieve goals. It works like a human agent. It can receive input data (such as sensor information, text, images, etc.) and analyze it through and process this data, understand the environment and task requirements, and automatically make appropriate decisions and actions.

For Autonolas, its mission is to provide developers with an autonomous service infrastructure platform for building the encryption industry, and to provide it with a series of toolkits and framework supporting products to simplify developer work and processes.

Judging from the product collection on the Autonolas official website, various independent services created based on the platform can be used for such things as portfolio management, data analysis, market prediction, predicting APY income of certain protocols, formulating transaction/income strategies, and acting as oracles to provide more information. Accurate off-chain data, help DAO governance, automatically manage and operate smart contracts, automatically establish DeFi fund pools, etc.

OLAS is the native token of the Autonolas platform launched in July last year. As of February 22, it has increased by 37% in the past 14 days, with a temporary quotation of US$5.27 and a market value of US$256 million.

3. AI data annotation and training platform AIT Protocol

AIT ProtocolIt is an AI data infrastructure mainly used for data annotation and AI model training, allowing crypto users to earn rewards while contributing to AI model development and training by participating in Train-To-Eran tasks.

In the past 14 days, AIT Protocol’s native token AIT has increased by more than 300%. As of February 22, the temporary quotation is US$0.65, with a market value of US$54.92 million.

In December last year, AIT Protocol announced the completion of a new round of financing. The specific financing amount has not yet been disclosed. MorningStar Ventures, Megala Ventures, Alpha Protocol Ventures and a group of angel investors participated in the investment.

4. AI data tokenization platform LayerAI token

LayerAI (formerly known as CryptoGPT) is a Layer 2 network built using zkRollup technology. It is a dedicated network for AI data monetization. It is also an AI to Earn project that can help users turn every data task in daily life into income. source.

In the LayerAI ecosystem, there are LayerVPN data nodes or dedicated VPN networks. After users download and configure them, they can obtain reward tokens by browsing the layervpn.com web page; KyotoX, the AI ​​tokenized financial center, supports any artificial intelligence data tokenized Trading or lending, etc.; native NFT market Layer MarketplaceL, where users can trade Data Capsule NFT (monetization of user behavior data).

LAI is the native token of LayerAI, and it is also the gas fee payment method of its network. The total issuance is 3 billion. As of February 22, the temporary quotation is US$0.03, with an increase of 202% in the past 7 days, and the current circulating market value is 10.7 million. Dollar.

In April last year, LayerAI announced that it had raised US$10 million at a valuation of US$250 million, with the leading investor being market maker DWF Labs.

AI encryption application products

AI encrypted search platform

1. Encryption Encyclopedia IQ

IQAlso known as IQ.wiki (formerly Everipedia) is an encyclopedia of the blockchain and crypto world, with thousands of wikis on all topics and branches of knowledge in the crypto field, similar to Wikipedia in the blockchain world, dedicated to making Blockchain makes it more discoverable and accessible around the world and provides users with information they can trust.

Currently, IQ products mainly include IQ.wiki (the worlds largest cryptocurrency and blockchain encyclopedia), IQ GPT (an artificial intelligence-driven crypto search engine), IQ.social (an artificial intelligence-driven cryptocurrency news and Social forum center), and IQ Code (artificial intelligence tool for coding blockchain languages ​​such as Solidity and Vyper, which can help users write efficient and secure code), etc.

Within the IQ ecosystem, the $HiIQ and $IQ dual-token operation method is adopted.

HiIQ is a lock-up token generated by staking IQ tokens. The mechanism is similar to Curve’s VeCRV token. The HiIQ balance held by users determines the voting weight of governance proposals in the IQ ecosystem.

Like the VeCRV token, HiIQ is a non-transferable token and cannot be traded on liquid markets. However, HiIQ has value. For example, users who use IQ GPT to search for cryptographic knowledge need to hold a certain amount of HiIQ tokens. Currently, IQ GPT gold provides early access and advanced functions to holders who hold at least 100,000 HiIQ;

IQ tokens are native tokens within its ecosystem and provide initial power support for Dapp applications within the ecosystem. The maximum supply of IQ tokens is 21 billion.

As of February 22, the IQ token was quoted at $0.0075, with a 24-hour increase of approximately 30%, and a circulating market value of $136 million.

2. Web3 knowledge sharing platform QnA3.AI

QnA3.AIQnA3 for short is an AI-powered Web3 knowledge sharing and search platform designed to provide users with accurate knowledge in the field of cryptocurrency. At the same time, it is also one of Binance Labs’ sixth season incubation program projects and is built based on opBNB.

QnA3.AI not only provides information access and information acquisition, but also provides complex logical analysis functions for users to make transaction decisions, etc.

On February 21, QnA3.AI announced that it would conduct an airdrop of the first round of token QNA. Interaction records and points will determine the user’s share of the airdrop. Users can earn points by asking questions to the AI ​​or voting on questions.

According to the official description, users who meet any of the following three conditions will have the opportunity to qualify for air investment:

1. Active participants. Those who participate sufficiently before the first snapshot on January 25, 2024 will receive rewards. Early bird users who join before December 3, 2023 will receive additional tiered rewards based on their activity levels;

2. Interactive participants with excellent performance, including daily voting, check-in, asking questions and mining;

3. Global ambassador, etc.

Among them, QNA tokens have a variety of application scenarios, such as facilities that can be used to obtain additional query quotas such as TG Bot’s quota. The new “horse racing” function on the product allows users to use QNA tokens to predict and predict popular issues of the week. Betting, you can also use QNA to buy advertising space on trending search lists, etc.

3. Web3 search engine Kaito

KaitoIt is an AI-driven Web3 search engine dedicated to solving the problem of information fragmentation in the encryption field. We hope to change the access to cryptocurrency research and investment information through AI technology, and have gathered and indexed thousands of high-quality web3 resource libraries that cannot be reached by traditional Google, including Twitter, Discord, governance forums, research, news, podcasts, TwitterSpace, meeting minutes, etc. And convert the smallest terabytes of unstructured data information into searchable and readable insights to help users make more informed decisions.

Kaitos main product is MetaSearch (metasearch), which aims to search for any topic or project trend in the encryption world through a one-stop product search function, as well as aggregated information on platforms such as Twitter, Discord, governance forums, Mirror, Medium, etc. for instant insights.

In addition to aggregating information, MetaSearch also leverages AI to optimize its search engine through ranking, topic mining, personalization, recommendations, speech-to-text transcription and AI-generated content, and integrates ChatGPT/GPT-3.

Currently, MetaSearch is a paid search product, and users need to pay a fee to use it. The standard version is $99 per month, the professional version is $333 per month, and the elite version is $833 per month.

Last June, Kaito launched the beta version of its encrypted search engine WHAT, which combines Auto-GPT, advanced large language models (such as GPT 4) and Kaitos proprietary real-time encrypted search engine.

According to the encryption data platform RootData, Kaito has completed two rounds of financing of more than US$5 million. The first was a US$5.3 million seed round in February last year at a valuation of US$40 million. Dragonfly led the investment, Sequoia China and Jane Street Participated in the investment; the second round of financing was completed in June last year at a valuation of US$5.5 million at US$87.5 million, with Superscrypt and Spartan leading the investment.

Currently, Kaito has not issued coins yet.

AI creation platform

1. AI robot creation platform MyShell

MyShellIt is an AI robot content creation platform based on opBNB that allows users to easily discover or create various applications or robots based on natural language processing technology, such as voice chat robots, language learning assistants, image generation tools, etc. It is also the sixth season of Binance Labs One of the projects selected for the incubation program.

MyShell provides templates and tools so that users without programming foundation can create their own AI robots or tools through simple configuration, aiming to be a code-free robot creation platform.

It only takes 5 minutes to build a simple Bot on the MyShell platform. Users can also customize the Bots avatar, skin, voice, etc.

Currently, MyShell mainly has three main categories of robot technologies, including voice interaction robots, video animation and virtual humans, image generation, etc.

Among them, voice interaction technology allows users to customize the voice style of the robot, and also supports voice chat, language learning and other functions. For example, the Emma robot created by MyShell is specially designed for English beginners. Users can interact with it by sending messages and making phone calls. Have English conversations, etc., and can also accompany you as the users virtual girlfriend.

Video and avatar technology can realize video chat functions. For example, the Shizuku robot is the first virtual character with Live 2D function. Users can video call her through video chat and watch her Live 2D expression changes.

The image generation class can provide text-based image generation functions. Users can generate images through language descriptions and support multiple generation model scheduling. For example, the Avatar Magician Robot is an AI assistant that can help users quickly create beautiful avatars.

According to the encrypted data platform RootData, MyShell completed a $5.6 million seed round at a valuation of $57 million in October last year. INCE Capital led the investment, with participating investors including HashKey Capital, Folius Ventures, SevenX Ventures, OP Crypto, etc.

Currently, MyShell has not issued coins, and users can earn points by participating in each season task held by the platform.

2. NFT art generation platform NFPrompt

NFPromptIt is an artificial intelligence-driven NFT art generation platform that allows users to easily create stunning works through prompts and generate NFT with one click to obtain ownership confirmation. It is also one of Binance Labs’ sixth season incubation projects.

Currently, the NFPrompt platform provides 5 different artificial intelligence-powered creation tools such as images, videos, pfp, and music, allowing anyone to easily create NFTs, which collectors and enthusiasts can buy or sell, and convert into real-world The legal currency income also provides a good example for the realization of AI assets.

As of February 22, the NFPrompt platform has a total of 4.95 million creators and has generated 2.66 million NFT works.

In December last year, NFPrompt (NFP) was launched in the 41st phase of the Binance New Coin Mining Fair Mode project. The initial issuance of NFP was 1 billion. It is currently quoted at US$0.74, with an increase of more than 40% in the past 14 days, and a circulating market value of US$179 million.

AI data analysis platform Arkham (ARKM)

ArkhamIt is an AI-driven blockchain intelligence and data analysis and tracking platform that provides granular information and visualization tools for on-chain activities.

Last July, Arkham launched “AI Entity Prediction” with Arkham Oracle, an AI assistant for on-chain analytics, enabling users to search, filter and sort cryptocurrency transactions and transactions by value, token, time and counterparty.

In the same month, Arkham announced the launch of the 32nd Launchpad project on Binance. In November last year, it was announced that Binance Labs would invest in Arkham’s native token ARKM.

The total number of ARKM tokens issued is 1 billion. As of February 22, the provisional quotation is US$1.34, an increase of 130% in the past 14 days, and the circulating market value is US$240 million.

AI games

1. AI virtual companion game Sleepless AI

Sleepless AIIt is a virtual companion game based on AI blockchain, using AIGC and LLM to create rich story-based gameplay. It is also one of Binance Labs’ sixth season incubation projects.

In Sleepless AI, there are two games: virtual boyfriend HIM and virtual girlfriend HER love games. Currently, the only virtual boyfriend game HIM has been launched, which is a love simulation game targeting female groups. Each character is a unique SBT character.

In December last year, Sleepless AI launched the 42nd phase of Binance’s new currency mining project, and in the same month announced the completion of a new round of financing led by Folius Ventures. The specific amount was not disclosed.

AI is the Sleepless AI in-game governance token, which can be used to vote on game content and future direction, upgrade game props, purchase boyfriend accessories or clothing, etc.

The total number of AI tokens issued is 1 billion. As of February 22, the provisional quotation is US$1.85, an increase of 58% in the past 14 days, and the circulating market value is US$240 million.

2. Metaverse game developer and AI Agent service platform Delysium

DelysiumIt is both a Web3 game publisher and an AI-driven open world framework.

In March last year, Delysium was a AAA-level MMORPG blockchain game launched on Epic Games. The goal is to build a virtual world where 100 million people and 10 billion AI virtual creatures will coexist on the blockchain.

In this virtual game, the AI-driven virtual character MetaBeing is also called a virtual native. Everyone can create their own AI virtual presence, which can serve as the players digital identity, as well as the players companions and NPCs. In addition to playing games with them, players can also talk and interact with their artificial intelligence virtual creatures through natural language to learn about cryptocurrency, check and trade cryptocurrency assets, discover cryptocurrency opportunities, etc.

Since Delysium’s parent company rct AI is a company focused on AI, AI-driven genes are embedded in Delysium.

In November last year, Delysium released the V2 version of the white paper, using AI for Web3 to create an AI Agent Network centered on user intent, which can accurately capture user intent and complete it efficiently through automated workflows.

Currently, Delysium has launched two AI products: Delysium AI and Lucy.

Delysium AI enables any user to create their own AI-Twins virtual human, and players can interact with the AI ​​virtual human to learn about cryptocurrencies, examine and trade crypto assets, discover cryptocurrency opportunities, and get early risk warnings through natural language conversations.

Lucy is an AI-driven Web3 operating system and an AI Agent that can call various encrypted DApps through conversations, including but not limited to complex combinations of asset query, transfer, pledge, Swap, cross-chain and other operations.

For example, users can use Lucy to help transfer some ETH, BNB or any tokens they own to other addresses. Users only need to issue instructions to Lucy, give the target address, the name and amount of tokens to be sent, and then Lucy will help them Complete the operation.

Currently, there are two tokens DMA and AGI in the Delysium ecosystem.

DMA is the metaverse game utility token within the Delysium ecosystem, and is also a membership in the Delysium Multiverse Accelerator. It can be used to select, vote and support the development of each Delysium AI framework world, and share the benefits of the entire ecosystem. You can enjoy exclusive benefits and privileges, including but not limited to revenue sharing in the ecosystem, early access to various artificial intelligence applications and airdrop opportunities, and priority access to various Web3 content released through decentralized publishing protocols, etc.

AGI is an artificial intelligence governance token within the Delysiu ecosystem. Users can earn their tokens by staking AGI. The number of DMA tokens held at the same time will determine the AGI output speed. Taken together, DMA functions similarly to VeCRV.

The maximum supply of AGI is 3 billion. As of February 22, the temporary quotation is US$0.17, with an increase of 228% in the past 14 days, and a circulating market value of US$110 million.