Short correction wave, pay attention to the #AI coin sector, everyone.
There’s quite a lot of traditional news, NVIDIA reported significant positive revenue…
This will drive this coin sector to PUMP again.
And you all know that #AI pumps as strongly as #Memecoin.
Some projects often mentioned include: $Tao $Fet $wld $render $Grass $kaito…
If I have time tonight, I’ll share more with you all.
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Odaily@ChinaCryptoNews
🧩 Grayscale set up the "Artificial Intelligence Crypto Sector" and listed it as the sixth largest cryptocurrency sector
Grayscale @Grayscale officially launched the Artificial Intelligence Crypto Sector as its sixth largest crypto asset class. The sector will cover all crypto protocols with AI as the core use case, with a total of 20 tokens and a total market capitalization of about $21 billion, an increase of more than 4 times from $4.5 billion in Q1 2023.
The AI sector is divided into three subcategories: AI platforms (e.g., #Bittensor, #Near), AI tools and resources (e.g., #Grass, #Akash), and AI applications and agents (e.g., #Virtuals, #Kaito)
With the development of decentralized AI technology, the field has become one of the most talked about topics in the crypto industry and is expected to bring more fair, transparent, and open AI infrastructure through blockchain, Grayscale said. The underlying assets have also been exposed through channels such as Grayscale Bittensor Trust and Decentralized AI Fund.
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PANews
PANews reported on May 28 that, according to the official blog, Grayscale set up the "AI encryption sector" as the sixth largest cryptocurrency classification standard. The sector contains 20 tokens with a total market capitalization of $21 billion (up 366% from Q1 2023) and is divided into three main subcategories:1. AI platforms: such as Bittensor and Near, which provide decentralized AI development infrastructure; 2.AI tools and resources, including Grass (data collection) and Akash (computing marketplace); 3.AI applications and proxies: such as Virtuals (autonomous AI agents) and Worldcoin (human authentication).
The report points out that the current AI crypto sector only accounts for 0.67% of the market capitalization of the entire crypto market, but the potential is huge. Bittensor will usher in an ICO halving this year, and its subnet ecosystem has exceeded 7% of its circulating supply since its upgrade in February. Projects such as Grass have achieved tens of millions of dollars in annualized revenue, showing progress in commercialization. Grayscale has laid out this field through products such as Bittensor trust, and believes that blockchain technology can solve the hidden dangers of AI centralized development. With the advancement of the stablecoin bill, the payment infrastructure of crypto-native AI agents is expected to accelerate the improvement.
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PANews
PANews reported on May 27 that Moonshot announced the launch of Grass ($GRASS) on the Solana chain.
According to Coingecko data, the current FDV of the GRASS token is about $2.297 billion, the market capitalization is about $632 million, and the 24-hour trading volume is about $61.71 million.
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0xAllen
This is the most asked question during the live broadcast, and I am now working on at least 50 projects, some of which are planted and looked at from time to time, and some of which are being engaged in as a career.
This article counts the projects I focus on, and the ones that bury seeds are mainly those I have posted in the past. My current projects are mainly divided into four categories: Defi, Dex, Gamefi, Depin, and testnet.
1. Defi, my most important track
(1) Huma, today Tge
(2) Heavy positions in Noble and stablecoins
(3) Fragmetric, Sol key staking
(4) Sonic, et al. June TGE
(5) Momentuem, 90% of the funds are withdrawn, and there is only one number left
(6) Hypervison, capital increase, Apt network
(7) StandX, and other contracts are open for trading
(8) Mezo, BTC layer 2
(9) Lombard, et al. TGE
(10) Resolve, etc
(11) INITIA, continuous staking
2. Dex, a new foray into the track
(1) edgeX, focus on brushing
(2) Lighter, focus brush
(3) Backpack, key brush
(4) Aster, who used to pledge heavy positions, is now assisted in brushing
(5) Axiom and dog fighting
(6) DeFi app, suspended
3. Gamefi
(1) Tokyo Beast, to make up for the regret of Adventure Island, the computer has been upgraded
(2) SCOR, leisure use
Fourth, Depin
(1) Grass, and other new rounds of airdrops
(2) Gradient and virtual machine nodes are running
(3) Dawn and virtual nodes are running
(4) Roam, daily check-in
5. Testnet
(1) Camp network, stalled, and other status updates
(2) Union, ready to find the script brush
(3) Succinct, hmm~
(4) Abstract、Oh~
6. Miscellaneous
(1) Brahma, upgrade NFT
(2) UnifAI, dedicated to everyday AI
(3) Fogo and Twitter content
(4) Infinex, Twitter content, and daily fund scheduling
In addition, there are also Eclipse, volcanoes, Sahara and other interactive investment has a small proportion.
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GRASS is the native token of the Grass project. Grass is a decentralized platform that rewards individuals for joining up as node operators and selling their unused internet bandwidth. The surplus bandwidth is used to scrape unstructured public web data, which is organized and sold on to train AI models.
How does Grass work?
In the simplest terms, Grass operates using nodes, validators, and routers, alongside other technologies. Grass nodes manage users' unused bandwidth and relay traffic to allow the network to scrape public data. Users run the nodes, and they're free to operate. These node operators are currently rewarded in Grass points, but the reward system will change to GRASS tokens once the asset launches. In the network, routers connect Grass nodes to the validators. Here, routes pass on bandwidth while making sure nodes are accountable. Validators, meanwhile, receive, verify, and batch router transactions. ZK proofs are used to checkpoint session data onchain, improving the network's efficiency.
How are GRASS tokens earned?
Once the GRASS token is released, users of the platform can earn GRASS by signing up and selling their surplus bandwidth, as the platform intends. With staking also possible on the platform, it's users may also be able to earn additional GRASS tokens with this method at some point. A referral program also currently exists to allow users to earn more Grass points. This may be another avenue for users to earn GRASS tokens.
GRASS price and tokenomics
The GRASS token has not yet been released, and so data on GRASS prices is not available. However, the project has announced the first airdrop of assets to early users. GRASS will have a total supply of 1 billion tokens, with 10% set aside for the first airdrop. The project is built on Solana's Layer-2 architecture, granting network users the advantage of lower transaction costs. On the network, the GRASS token will be used for staking, governance, and paying transaction fees.
About the Grass founders
Grass was co-founded by Andrej Radonjic, who also acts as CEO. Chris Nguyen, the Chief Technology Officer of Wynd Network, also plays an important role in the project. Wynd Network is an important contributor to the Grass network.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Grass, driven by 7.9K contributors, and total online engagement reached 52M social interactions. The sentiment score for Grass currently stands at 66%. Compared to all cryptocurrencies, post volume for Grass currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Grass.
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Posts
9,972
Contributors
7,893
Interactions
52,398,253
Sentiment
66%
Volume rank
#0
X
Posts
2,441
Interactions
5,217,505
Sentiment
75%
Grass FAQ
What is cryptocurrency?
Cryptocurrencies, such as GRASS, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GRASS have been created as well.
Can I buy GRASS on OKX?
No, currently GRASS is unavailable on OKX. To stay updated on when GRASS becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of GRASS fluctuate?
The price of GRASS fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
Monitor crypto prices on an exchange
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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