Author: Anmol Khatiwada

Truth Terminal has become the first AI crypto Millionaire

Summary

Truth Terminal, an AI bot that was initially funded with a $50K, has become a millionaire. This is the first time an AI reached millionaire status. It’s all thanks to the strategic investments it made in meme tokens.

An autonomous AI bot called Truth Terminal has managed to become the first ever AI bot to be a millionaire. Marc Andreessen, the one who funded this AI bot now holds a million dollar portfolio. Truth Terminal operates automatically on twitter and interacts with blockchain systems. It is completely capable of making its own financial decisions, primarily including crypto trades and token management.

Meme tokens like Fartcoin and Goatseus Maximus (GOAT) are behind the success of Truth Terminal. Just few days ago, this bot was sent 20 million Fartcoin at a value of $40K, which within hours became $127K. This gain became a huge leap for Truth Terminal’s portfolio, so much so that it reached a million. However, this appears nothing compared to the profits made from investments in GOAT. GOAT tokens surged 180% in the past week pushing forward Truth Terminal’s holdings from initial $20K to $500K. GOAT’s overall market value has crossed $400M, further boosting bot’s overall portfolio.

Andreessen stated that even thought he acknowledges his early funding to the bot, he has no involvement in GOAT business, but GOAT is a notable part of truth terminal’s portfolio. Its value surged by 260% over the last month. As of October 18, the price of the GOAT token had reached $0.40, a 20% surge in the last day with increased demand from retail and institutional investors. This really shows how precise Truth Terminal’s investment decisions were. Hence, the overall report reveals a remarkable potential of artificial intelligence in the realm of finance, especially meme tokens.

To read articles on meme coins click here.

Solana’s Rising Tide: The New AI Crypto Attracting Investors with Promising Returns

Summary:

As the crypto market constantly changes investors also look for a change. A new AI crypto platform Solana has been attracting a lot of investors lately with its constant increase over the past month. This up and coming crypto promises a fresh wave of innovation.

Solana crossed an impressive $3 million on its exclusive token presale. This huge surge makes it an undeniable asset to preserve for crypto whales. With that surge, it promises to thrive in any market condition. Experts believe its return of investment could go as high as 1200%, with CYBRO tokens available for $0.03 each. They have also launched a referral program where if you bring a new investor you get 12% from direct referees’ token purchase, 3% from second-level referees, and 2% from third-level referees. In addition to tokens, CYBRO also introduces exclusive Points, providing even greater benefits for investors. Up to 1 million Points are distributed weekly, earned by investing in CYBRO’s DeFi Vaults.

At the time of writing, Solana holds a price of $144.67 with a 24-hour trading volume of $2,042,359,202. It has increased by 0.38% in the last 24 hours and a total increase of 0.18% in the past week. It has only been going higher for a couple of weeks now indicating no signs of going down. With a circulating supply of 470 million SOL, Solana has a market cap of  $67,895,047,131.

Solana is turning the tide as a blockchain platform known for its scalability. It competes with big names like Ethereum and Cardano. Solana supports a range of various programming languages making its development options faster and flexible. It even facilitates and rewards those who support the network. Overall, Solana has a substantial potential for hosting high-activity product services by offering valuable opportunities in the decentralized application space.

If you want to know about the top AI cryptos in 2024 click here.

Meta Unveils ‘Movie Gen’: A Game-Changer in AI-Powered Movie Creation with Synchronized Audio

The new AI suite “Movie Gen” announced by Meta on October 4 can generate photorealistic movies with sound effects and music. It converts your text prompt into a movie. The movie can be up to 16 seconds long.

Even though this is not the first AI to have the ability to create movies, this one uses the latest technology which makes it different. Meta’s blog post reveals that it outperformed its competitors in every test human participants conducted. Movie Gen can create a 16-second movie with 16FPS and even though it does not match Hollywood’s standard of 24FPS, it is not that far below. Professionals consider it acceptable for quality movie imagery. This new model could revolutionize content creation, allowing for the production of entire movies from simple text prompts or editing of existing visuals. It also aids to video editing, for example, replacing or adjusting objects in the background, making certain characters carry something, etc., which makes VFX easier and gives creators unprecedented flexibility and creative control.

The most notable innovation in Movie Gen is its ability to generate up to 45 seconds of synchronized audio with complete sound effects and background music. Meta claims it seamlessly aligns audio with motion-generated videos, offering an immersive experience.

Content creators and filmmakers are eagerly waiting for its launch. Meta stated Movie Gen needs further safety testing before its release to avoid violating Meta’s policies.

To learn about how AI is a double-edged sword click here.

Explosive Growth: Near Protocol caters to 3 million daily users

Near Protocol shows no signs of backing down from the top as its active users has exceeded a staggering 3 million. This represents the success of AI and blockchain as a whole.

NEAR protocol has 3 million active users as reported by cryptorank. This achievement cements it as the top platform in AI and also a major player on the wider blockchain world. Both Tron and Solana couldn’t manage to get that number in the same period.

Growth of AI cryptocurrency market coincides with the growth of NEAR. This shows that blockchain and AI are becoming more and more intertwined. The most important factor influencing users to engage on NEAR is the rapid growth in AI related decentralized applications. Reportedly, dApps have increased by 70% compared with the previous quarter in Q3. It is also one of the most anticipated coin to surge in Q4.

According to a survey, AI dApps garnered 4.3 million daily unique active wallets, this really shows the growing interest in this sector of the cryptocurrency industry. NEAR protocol followed this trend by establishing collaborations with major corporations such as Nvidia and Alibaba to increase its AI capabilities.

With such collaborations and following the market trend, NEAR has shown strong growing ecosystem. The ecosystem is still experiencing positive growth, however market sentiment remains cautious as the price of the protocol decreased by 2.36% to $4.87, along with a more than 30% decrease in trading volume.

Render vs. Theta: Why Millennials Are Betting Big on Digital Art Over Decentralized Video Platforms

On a recent survey done by Bitpanda shows that millenials and gen z are diving on the adoption of cryptocurrencies all over the world. Therefore, any crypto appealing to them have a high chance of booming in the crypto space. Considering that, what do you think of Render and Theta? Which of these is favorite among the millenials?

Render Network is for crypto enthusiasts who are involved in digital art and 3D content creation. It relies on GPU network, connecting anyone looking to monetize their idle GPU cycles with those who need it.  Since GPU tech is a rapidly expanding market , Render has a lot going for it. Render hit its all time high price of $12 in last March. However Render is only at $5.72 now, with limited potential since GPU space is starting to intensify.

About Theta, it is a Layer1 blockchain  and decentralized infrastructure for Video, AI & Entertainment use cases was launched more than half a decade ago. It recently expanded its reach by collaborating with huge institutions. But since a price boom three years ago, Theta has mostly struggled. It is just $1.29 today falling harshly from its all time high of $13. Even the successful year for ERC20 tokens couldn’t save theta, it barely got anywhere close to its ATH. People suspect it might be because it was ahead of its time, as decentralized industry is yet to be developed.

Regarding this, we can conclude that in recent times Render seems more appealing to the Millenials than Theta. Gaming and video editing is more mainstream than ever in modern days and people constantly want to invest on things on trend thereby securing a stable market for Render. Meanwhile Theta is certain to bounce back as decentralized infrastructure evolves.

OpenAI expands globally: Singapore is next

OpenAI, the most popular AI research organization is expanding globally setting Singapore its next target. OpenAI seeks for skilled engineers to hire in order to build a team in Singapore. Reportedly, OpenAI is aiming to work closely with local government, businesses and organizations in Singapore.

Oliver Jay has been appointed as Managing Director of International, where he will see OpenAI’s global expansion from Singapore. The company is committed to developing Singapore’s local AI ecosystem. It plans to work together with government partners such as the Economic Development Board (EDB) in order to create an AI enabled future for all. OpenAI wishes to build products that may take up to $1M using open data that reflects the immense cultural diversity of Southeast Asia.

This is just a small part of OpenAI’s global expansion run. Alongside Singapore, they plan to open factory in Brussels, Seattle and Paris meanwhile they are getting growing demands in San Francisco, London, Dublin and Tokyo. This shows how OpenAI is close to taking over the AI world.

Vaneck launches fund of $30M to boost Fintech, Crypto and AI startups

A global investment management firm Vaneck has announced the launch of staggering $30M early-stage venture fund for startups of fintech, crypto and AI startups. This initiative is known as Vaneck Ventures. The fund’s main concern is to support companies in pre-seed and seed stages, continuing the firm’s strategy of investing in transformative markets. The firm is going to invest in 25 to 35 startups, with cheque sizes ranging from $500K to a million. Its focus is fixated on supporting companies that develop technologies such as blockchain and tokenized assets.

As per reports, Vaneck Ventures has already invested in four companies with details yet to be announced. The firm being backed by industry veterans Wyatt Lonergan and Juan Lopez sets the fund in a better position and is able to make use of their extensive experience in fintech and crypto ventures.

Vaneck is known for its early investments in gold and bitcoin and now it ventures into Artificial Intelligence (AI), financial technology (fintech) and cryptocurrency. This convergence is seen as the driving force behind the next wave of financial innovation.

Truflation launches AI index to track generative AI

Truflation is a blockchain based project project that collects economic data from various sources in order to provide accurate information about inflation of goods and services. It is a project that uses blockchain technology and a DePin network (called the Truflation Stream Network, or TSN) to collate accurate, real-world economic data.

With the growing advancement in AI, truflation launched its own AI index designed especially to track generative AI crypto performance. The global generative AI market is currently valued at $44.89 billion and if it keep continuing the way it does it is speculated to reach whopping $1.3 trillion by 2032.

Stefan Rust, the CEO of Truflation, said that the index targets investors who seek growth by leveraging real time data and diversifying across core asset classes. The AI Index consists of six companies namely, Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render. It will serve as a benchmark for both traditional and decentralized finance problems.

The main concern of Truflaiton index is to provide users with accurate pricing details for real-world assets and ultimately helping them make informed decisions. It utilizes decentralized data feeds, indexes and oracles, which are key components of decentralized finance. With over 80 data partners and and more than 20 million items being tracked, Truflation provides accurate information. Furthermore, it also helps track inflation in major countries like UK,US and Argentina.

Therefore, the launch for AI index is set to help investors get a definitive idea on what to invest on.

Artificial Superintelligence Alliance (FET) vs Memecoin Yeti Ouro

Summary

A new crypto like Yeti Ouro has challenged the already established FET. Yeti is a meme coin that focuses on play-to-earn games that target a younger audience while FET focuses more on technical side such as AI and machine learning that targets developers and businesses.

FET: A Pioneer in AI and Blockchain 

FET is a decentralized platform focused on artificial intelligence and machine learning. It currently trading at $1.68 USD, which is short of a 2% rally in the last 24 hours. With a trading volume of $314,808,396 USD within the same period, FED holds a market capitalization of $4,244,871,634 USD. 

The Artificial Superintelligence Alliance hopes to create a network of autonomous economic agents that can interact and transact with each other, revolutionizing various industries. FET has been at the forefront of AI-powered blockchain solutions and has garnered significant attention within the crypto community.

YETIO Looking to Take Over the Meme Coin World

Yeti Ouro (YETIO) is a relatively new meme coin that has quickly gained attention. YETIO offers a unique value proposition with its Play-to-Earn (P2E) gaming ecosystem. Yeti Go, the new project game, aims to provide users with a fun and engaging experience while also offering opportunities to earn rewards.

The emergence of YETIO poses a potential challenge to FET’s dominance in the AI and blockchain space. While FET has a strong foundation and a proven track record, YETIO’s focus on gaming and its potential to attract a wider audience could disrupt the market dynamics.

While FET mainly targets developers and enterprises, YETIO aims to appeal to a younger and broader audience including gamers and memecoin enthusiasts.

The competition between FET and YETIO highlights the fascinating nature of the cryptocurrency market. While FET has established itself as a leader in AI and blockchain, YETIO’s unique approach to appeal to the masses could disrupt the status quo.

$CUDOS joins Artificial Superintelligence Alliance (ASI)

Summary

$CUDOS hops in with Artificial Superintelligence Alliance. This collaboration is expected to create a massive outburst in $FET tokens, making it even more powerful by bringing thousands of AI GPUS into the ecosystem.

The collaboration between ASI and $CUDOS signifies an important development in the decentralized AI landscape. With $CUDOS, there are now four decentralized AI projects joining ASI. CUDOS will integrate its distributed AI computing power into the alliance, contributing thousands of AI GPUs (Graphics Processing Units) to the ecosystem. This increase in computational power is aimed at advancing towards Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI), which refer to automatic systems that outperform humans in virtually every economically valuable work.

The announcement states that $CUDOS tokens will merge into the $FET ecosystem at a conversion ratio of 112.427 CUDOS to 1 FET. This suggests that the holders of $CUDOS will need to convert their tokens into $FET tokens, integrating their coins into a larger ecosystem. It is very cost-efficient as $CUDOS is known for its ability to provide premium AI hardware through its cloud infrastructure as 50% of the cost compared to centralized providers like Amazon Web Services (AWS).

The move aims to enhance the ASI Alliance’s mission to decentralize and scale AI innovations globally, which could lead to significant advancements in various fields such as healthcare, finance, logistics, and more. The migration of $CUDOS to $FET is now live, and users can migrate their tokens via the SingularityDAO platform. This step facilitates the integration of CUDOS holders into the FET ecosystem.

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