The battle between left and right curve continues for AI coins as memes flip fundamentals this week:
i) Fartcoin nets $8mm of inflows as the "stink index" sustains its mantle as the bull market indicator, following Bitcoin's trajectory into price discovery.
ii) @ReiNetwork0x releases invite codes for public access to its latest model with positive sentiment on its outputs.
Stay tuned here though, there's another web3 AI model coming to market soon that is yet to launch a token; Arguably one of the best I've had the pleasure of beta testing.
iii) @virtuals_io and TAO are represented amongst Greyscale's AI crypto sector spotlight as institutions eye up potential upside for emerging tech innovation.
iv) @ionet compute revenue earnings continue, raking in between $20k to $60k income per day.
Fundamentals including revenue generation are becoming an increased focus as the market matures, and institutions seek familiar metrics to make capital allocation decisions.
As Bitcoin hits price discovery, it's important to pay attention to the coins showing strength.
Nansen 24-hour net inflows show that AI tokens continue to run hard as majors break:
i) @virtuals_io : ACP + Decentralized Governance.
Once again, 7-figure net inflows and top of the leaderboard as ACP gathers momentum.
The first phase of governance proposals passed, highlighting an engaged veVIRTUAL holder base.
Expect more to come as innovative teams launch agents to disrupt their respective industries and bolster the collection of ACP agents.
ii) @ReiNetwork0x : Core 0.3 goes live, built in MCP and UI rework.
REI's upgrade further enhances its research tooling.
I'm intrigued by its "Agent2Agent non-linguistic communication" - who said AI should communicate the same way as humans?
Efficient communication between AI could become the modern equivalent of HFT with investment banks.
I have the pleasure of early access to play around with the upgraded product - so stay tuned for my feedback.
iii) IO: @ionet provides distributed AI infrastructure.
The team just hit $16mm in network earnings (Revenue meta?!) from 17 million compute hours delivered.
Recent partnership revealed with Genlayer to further integrate decentralized GPU inference.
iv) TAO: @opentensor hits 129 Subnets.
Bittensor subnets are ramping up as decentralized open-source AI gathers momentum.
There are now 129 Subnets which removes circulating TAO off the market to create: It costs millions of USD worth of TAO to create a single subnet.
This ecosystem you need to pay attention to as compelling models emerge. Some I've been watching recently:
i) @mentatminds: The Marinade of TAO, get exposure to the best performing subnets w/o manually switching.
ii) Subnet 33 (@ReadyAI_): Powers @seedphrase AI Agent which is providing compelling NFT insights that even @waleswoosh would be impressed by.
iii) Subnet 50 (@SynthdataCo): Powers the prediction engine for Mode's crypto trading co-pilot.
iv) Subnet 89 (Infinite Hash): As Bitcoin soars, this offers exposure via a Bitcoin mining pool.
To stay abreast of TAO ecosystem developments, follow @allan_quantifi as he builds out TAO Galaxy or @taostats is also very helpful.
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