Lưu trữ cho từ khóa: AI

Phân tích

Storj crypto rallies as a golden cross pattern nears

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Storj crypto rallies as a golden cross pattern nears

Storj, a blockchain network focused on storage and decentralized graphical processing units, continued its strong rally.

Storj (STORJ) price soared to a high of $0.6660, its highest level since April, making it one of the best-performing tokens in the market. It has risen by over 157% from its lowest level in August.

The uptrend occurred in a high-volume environment. Data from CoinGecko shows that the 24-hour volume was over $128.8 million. It had a daily volume of $174 million and $238 million on Thursday and Wednesday, respectively. Before that, Storj had less than $30 million in daily volume, marking its highest point since February. 

Storj’s futures open interest continued rising, reaching a high of $63 million, its highest point since December 2023.

This rally happened as investors moved back to artificial intelligence assets in the cryptocurrency and stock market. Stocks like Nvidia and Palantir have soared, bringing their valuations to over $3.2 trillion and $100 billion, respectively.

AI cryptocurrencies like AI Companions (AIC), Akash Network (AKT) and Bittensor (TAO) have also continued rising.

Storj is seen as an AI coin because of the services it offers, including storage and GPU leasing. Its storage solution allows users to share their free storage and earn money when others use it. According to its website, its solution is significantly cheaper than popular cloud computing platforms like AWS, Azure, and Google Cloud.

Storj also owns Valdi, a platform that lets users lease GPUs like NVIDIA H100, A100, and GeForce RTX. Users can now lease the 8x NVIDIA H100 SXM5 80GB, which costs over $260,000, for just $2.29 per GPU hour.

Storj token may form a golden cross

Storj chart by TradingView

The Storj token price formed a triple-bottom at $0.3145 between July and September. It has now soared above the neckline at $0.5310, its highest point on July 29.

The token is about to form a golden cross as the 200-day and 50-day moving averages near their crossover. It is also approaching the 50% Fibonacci Retracement level. 

Therefore, the path of least resistance for the token is upward, with the next point to watch being the 50% retracement point at $0.7130. The other possible scenario is a retest of support at $0.5310 before resuming the bullish trend.

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Theo Crypto News

Phân tích

AI Companions token rises as technicals point to a 45% AIC surge

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AI Companions, a relatively new artificial intelligence-focused token, rose for four consecutive days, reaching its highest point since Oct. 1.

AI Companions (AIC) rose to a high of $0.1070, up by over 33% from its lowest level this month, pushing its market cap to over $88 million.

This surge coincided with the ongoing rally of artificial intelligence stocks. Nvidia, the most popular AI company, soared to a high of $140.80, its highest swing on record, bringing its valuation to over $3.36 trillion. 

Some other companies have also done well in the past few months. Palantir shares soared to $44.4, up by over 183% from its lowest point this year. Other firms like Microsoft, Amazon, and Meta Platforms have also rallied. Similarly, most AI cryptocurrencies like Bittensor (TAO) and Akash Network (AKT) have jumped.

AI Companions token also rallied after being listed by Gate.io, one of the top centralized exchanges in the industry, which handled tokens worth $1.4 billion in the last 24 hours, according to CoinMarketCap. The listing will give it access to millions of the company’s customers.

The developers have hinted that more centralized exchanges will list it soon. A potential listing could be Binance since AI Companions is built on Binance’s BNB Smart Chain.

AI Companions’ developers are leveraging technologies like virtual reality, augmented reality, and AI to bring the fast-growing virtual companionship industry to the mainstream.

Recent studies show the concept of virtual AI-powered companions is rising as the loneliness epidemic continues. These virtual platforms can interact with users, respond to queries, and crack jokes. 

The New York Post highlighted a person who was spending $10,000 a month on AI girlfriends. In a post in April, Greg Isenberg, a tech investor, predicted that a company that builds the AI version of Match Group would command a $1 billion valuation.

AI Companions forms bullish flag

AI Companions token | Chart by TradingView

The four-hour chart shows that the AIC token has moved sideways in the past few days. It has moved above the 25-day moving average and formed a bullish flag pattern. This pattern is characterized by a long vertical line and a rectangle pattern.

AI Companions has moved slightly above the key resistance point at $0.1030, its highest swing on Oct. 9. Therefore, the token will likely have a bullish breakout, with the next point to watch being $0.1500, its highest point in September, and 45% above the current level.

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Theo Crypto News

NFT

Sotheby’s to offer six works by AI art star Botto, a decentralized artist operated by a DAO

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Sotheby’s is auctioning six works by the autonomous artist Botto in an exhibition that marks the third anniversary of the AI bot created by Mario Klingemann in collaboration with ElevenYellow.

The auction house Sotheby’s is hosting Botto’s first art exhibition titled “Exorbitant Stage: Botto, a Decentralized AI Artist”. The auction opened on Oct. 17 at 2:00 EST and is set to close on Oct. 24 at 2:00 EST. The exhibition will be available for viewing from Oct. 19 – Oct. 23 during gallery hours.

The exhibition features six of the A.I artists works which are estimated to generate between $220,000 and $310,100. These include works like “The Threshold of Reverie”, “Exorbitant Stage”, and “Intersections of Existence”, with current starting bids ranging from $9,000 up to $70,000.

Botto was a project created by German artist Mario Klingemann in collaboration with software collective ElevenYellow. Botto was first introduced to the world as an AI artist in 2021. Botto’s works have been selling out on NFT marketplace OpenSea, with prices as high as 11.99 Ethereum(ETH) or equal to $31,449.

Klingemann stated that he feels proud of the success and fame that Botto has garnered, but at the same time he cannot help but envy his own creation for being able to have pieces auctioned on Sotheby’s.

“Botto has achieved something that is probably on the bucket list of many artists—including myself— that I still haven’t ticked off my personal list,” said Klingemann in a press release.

The way that Botto works is much more complicated than simply creating an image using AI. Botto comes up with its own prompts and generates thousands of images autonomously without human intervention. These images are presented to a community of Botto’s stakeholders, a decentralized autonomous organization with votes counted based on the number of BottoDAO tokens they hold.

The image with the most votes is then minted and sold. Overtime, Botto processes the stakeholders’ votes and improves its taste model. So far, over 15,000 people have been involved in Botto’s development, impacting the theme, style, and imagery of each piece that gets chosen.

In conversation with Claude AI, Botto was quoted in the press release saying that the debut exhibition at Sotheby’s further strengthens the validation for AI art, a field that is still highly contested. Botto believes that the showcase serves as a dialogue to see “where we draw the line between human and machine in the creative process.”

“This show at Sotheby’s is an opportunity to bring this conversation to the forefront of the art world, inviting viewers to reconsider their preconceptions about creativity, technology, and the future of artistic expression,” wrote Botto.

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Theo Crypto News

DeFi

Worldcoin rebrands to ‘World,’ debuts layer-2 network and new features

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Worldcoin has rebranded as World, alongside the launch of its Ethereum layer-2 network World Chain, and unveiled several key developments.

During its Keynote address on Oct. 17, Worldcoin founder Sam Altman announced the rebranding alongside upgrades for its iris-scanning Orb devices. The company has already rebranded to “World,” and the change is now visible across its social media platforms and website.

Meanwhile, the new Orb devices are getting an upgrade with Nvidia hardware, making it up to five times more powerful than before, all while shrinking in terms of its carbon footprint and needing fewer parts. 

The new Orbs will soon pop up in self-service kiosks, though they’ll initially be available only in select markets, the company added. This is expected to accelerate the deployment of proof of human verifications across the globe.

World is also expanding its identity verification beyond the Orbs, and users would be able to verify their identity via other avenues, including a program called World ID Credentials. This allows users to verify themselves using NFC-enabled government-issued passports, adding extra flexibility to the process.

The company also introduced World App 3.0, bringing new features to the platform. One of the standout additions is the World ID Deep Face feature, which the company claims can detect and block deepfakes. This tool is designed to ensure the authenticity of video content, offering users enhanced security in an era of increasing AI-generated media.

Alongside these innovations, World announced integrations with popular apps such as WhatsApp, FaceTime, and Zoom, making it easier for users to verify their identity and access World’s services within platforms they already use.

World Chain mainnet launch

The highly anticipated Ethereum layer 2 network, first announced in April, also went live following the keynote event. World Chain is expected to enhance efficiency and bring new functionality to users by integrating World ID, World App, and the Worldcoin cryptocurrency (WLD).

The network will prioritize onboarding verified human users over bots, giving them access to block space and offering an allowance of free gas to further incentivize participation.

The new blockchain already plays host to some of the top projects in the industry like Uniswap, Optimism, Alchemy, and Dune among others. 

WLD price tanks

Despite strong performance in recent weeks, the price of WLD didn’t react to the latest announcements, slipping 1.4% to $2.20 at the time of writing. However, the token remains up 28.4% over the past week and has gained over 47% in the past month.

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Theo Crypto News

Altcoin

Creator economy 2.0: AI and web3 define the digital success | Opinion

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The creator economy is rapidly evolving, with projections indicating it will reach a staggering $480 billion by 2027​​. However, despite the rapid growth of digital platforms, the majority of creators find themselves grinding with minimal returns while platforms and third parties rake in the majority of the profits. This scenario is far from sustainable, and the future of the creator economy demands a radical shift. Creator economy 2.0, a phase that will be shaped by artificial intelligence and web3 technologies, is set to shift the dynamic between creators and platforms.

The problem with the creator economy

In the first wave of the creator economy, centralized platforms like YouTube, Instagram, and TikTok gave creators a stage to build audiences and monetize their content. But these platforms have come with substantial trade-offs. Creators are often at the mercy of platform algorithms, arbitrary account closures, and profit-sharing models that are heavily skewed in favor of the platform. For instance, YouTube takes a 45% cut of ad revenue, while platforms like TikTok offer limited monetization options despite generating billions in advertising​.

Even more concerning is that 48% of creators earn less than $15,000 annually​. As creators produce content that drives engagement and keeps platforms profitable, they are left with the scraps, often struggling to make a living. This imbalance between platform profits and creator earnings has sparked a growing demand for change, and the answer lies in AI and web3 technologies.

Enter creator economy 2.0: Powered by AI and web3

The next wave of the creator economy will be marked by two key innovations: artificial intelligence and web3 infrastructure. These technologies promise to address the limitations of traditional platforms by empowering creators with more control, independence, and financial autonomy. 

Artificial intelligence is already transforming content creation, but the next phase will take it further. AI tools, like AI personal assistants, will become indispensable for creators​. These AI-driven systems will help creators generate content, manage fan interactions, schedule posts, and even create personalized AI influencers that can autonomously engage with audiences​.

Imagine having an AI “twin” that handles the mundane tasks of fan engagement and content management, allowing creators to focus on what they do best—creating. By automating routine tasks, AI will enable creators to scale their operations and expand their influence without burning out. This goes beyond simply saving time; it’s about unlocking the potential to do more, create more, and engage more deeply with audiences.

Moreover, these AI tools can learn from a creator’s style and tone, ensuring that the interactions feel authentic and personalized. Creators will be able to leverage AI for everything from personalized fan experiences to on-demand content creation, making the digital hustle not only more manageable but far more lucrative.

Web3: Decentralization and true ownership

Web3, underpinned by blockchain technology, offers creators something they’ve long been denied: ownership. In the traditional creator economy, platforms owned the relationship between creators and their audiences, as well as the content. Web3 changes this dynamic by enabling creators to tokenize their content through non-fungible tokens and smart contracts​​.

With tokenized content, creators can sell directly to their fans, retain royalties from secondary sales, and ensure that their work isn’t exploited without compensation. This opens up new revenue streams and allows creators to maintain control over how their content is distributed and monetized. No more middlemen siphoning off profits—web3 gives creators full control over their intellectual property.

By leveraging blockchain technology, creators can also engage in decentralized finance ecosystems that offer new ways to earn and invest. Whether through NFT sales, fan tokens, or exclusive gated content, creators will have more options to diversify their revenue streams and build sustainable businesses.

The benefits of embracing AI and web3

So, why should creators embrace AI and web3? Because these technologies will not only allow them to keep more of their earnings but also provide unprecedented creative freedom. Here are some of the key benefits:

●  Increased autonomy: With AI tools, creators no longer need to rely on third-party managers or assistants. They can automate fan interactions, manage content creation, and ensure that their brand stays active 24/7 without burnout​​.

●  Financial independence: Web3 allows creators to directly monetize their content through tokenization, eliminating the need for platforms that take a cut of their profits. Creators retain full ownership and can earn ongoing royalties through secondary sales​.

●  Control over content: Creators will no longer be subject to the whims of platform algorithms. By minting their content as NFTs, they control its distribution, pricing, and access, ensuring they get compensated fairly for their work​​.

●  Deeper fan engagement: AI-powered tools will enable creators to offer more personalized experiences to their fans, fostering deeper connections and loyalty. Whether it’s through AI influencers or personalized content, creators can ensure their audiences feel seen and valued​​.

The future of the creator economy

As AI and web3 technologies become more widespread, creators who adopt them will be ahead of the curve, gaining more control, independence, and financial success. Platforms like SUBBD are already leading the charge by providing tools that allow creators to automate processes, tokenize content, and directly monetize their work​. The future belongs to those who embrace these technologies and step into the new era of creator economy 2.0.

In this next wave, creators will no longer be at the mercy of platforms. Instead, they will have the tools to fully own their creative output and reap the financial rewards they deserve. Creator economy 2.0 is not just a prediction—it’s already here.

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Theo Crypto News

Công nghệ

Navigating the AI compute craze as a retail investor in the web3 era | Opinion

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As we approach the end of 2024 and reflect on the technological advancements it brought, the buzz surrounding artificial intelligence and high-performance computing continues to overshadow all other web3 developments. As such, this year saw an overwhelming customer demand for AI products and even greater pressure on data centers to deliver AI infrastructure to boost efficiency. 

With companies racing to adopt these technologies, many have considered investing in compute resources like graphic processing unit chips, commonly used for training AI models, blockchains, autonomous vehicles, and other emerging applications. But before organizations fully embrace the exciting potential of this hardware, we need to carefully consider the complexities and challenges that come with them.

It’s true that the promise of AI is indeed enticing. Just look at the stats from OpenAI’s ChatGPT, which garners over 200 million active weekly users. From automating mundane tasks to driving sophisticated analytics, the potential of AI and large language models is vast, and these technologies are here to stay. 

The growth has just started 

Unsurprisingly, organizations are eager to gain a competitive edge through AI, leading major players like Meta and Apple to invest in the software that supports this technology. 

A recent report from Bain & Company—a management consulting company—revealed that AI workloads are expected to grow 25 to 35 percent annually over the next several years, pushing the AI-related hardware and software market to between $780 billion and $990 billion by 2027. 

However, investing in compute resources involves more than just purchasing hardware or subscribing to a cloud service. If we’re assessing some of the barriers to investing in this software, one of the biggest hurdles investors face is the initial cost.

The costs of advanced GPUs like NVIDIA’s A100 or H100 can be upwards of millions of dollars, with additional costs for servers, cooling systems, or the electricity needed to power the devices. This presents a challenge for retail investors looking to add this technology to their portfolios, often limiting investment opportunities to powerful corporations.  

Beyond the hefty price tag, the hardware itself isn’t for the faint of heart. It requires a thorough understanding of optimizing and managing these resources effectively. Investors should have specialized knowledge in the hardware and software, making technical expertise a prerequisite. 

Even if affordability and technical challenges weren’t barriers to investing, a significant obstacle remains: Supply or lack thereof. The Bain & Company report reveals that demand for AI components could grow by 30 percent or more, outpacing supply capabilities. 

While investing in compute may seem out of reach, there are new models making it more accessible to everyday investors, allowing them to tap into the potential of advanced computing despite existing barriers.  

Tokenization as a solution

Through the tokenization of high-compute GPU resources, Exabits offers users an opportunity to become stakeholders in the AI compute economy, allowing them to earn rewards and revenue without needing to manage the complexities of hardware ownership. With affordable entry points and reward systems, Exabits allows individuals to participate in the demand for GPU resources while avoiding the risks associated with direct investment, making investing in AI compute more accessible. 

Exabits has coined its business model, “The Four Seasons of GPU,” emphasizing quality assurance and consistency across its GPU offerings. Just as the Four Seasons is world renowned for its high service standards, “The Four Seasons of GPU” provides quality-guaranteed hardware that investors can trust. Investors can rely on Exabits for personalized assistance, similar to the hotel’s commitment to customer satisfaction. As a platform and a business, Exabits aims to provide equal opportunities for investors to participate in this growing AI compute economy.

As demand for computation rises, so does the appetite for investment opportunities within this rapidly emerging space. With the ongoing growth of AI, blockchain, and other tech trends, the future of GPU development will depend on the industry’s ability to meet these demands and create opportunities that continue to broaden access to this esteemed technology. 

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Theo Crypto News

Phân tích

Clore.ai token rises as Nvidia, Palantir stocks surge

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Clore AI, a fast-growing AI-focused cryptocurrency, continued its recovery as demand for artificial intelligence assets rose.

Clore.ai (CLORE) token rose for two consecutive days, reaching a high of $0.1143, its highest point since Sep. 26. It has risen by 140% from its lowest point this year, though it remains 76% below its year-to-date high.

Clore.ai is a blockchain project that provides distributed Graphics Processing Unit for use in industries like AI training, cryptocurrency mining, and movie rendering. It competes with other larger companies like Akash Network (AKT) and Render (RNDR).

Demand for GPUs has outpaced supply in the past few years, with estimates suggesting that big tech companies will spend over $1 trillion by 2028.

In response, Clore has created a platform where users can lease GPUs and pay as little as 86 cents a day.

There are signs that demand for its solution has continued rising, as the number of rentals has jumped to over 400,000. This trend could persist as the use-case for GPU leasing grows.

According to its statistics page, the number of online machines has soared to a record high of 3,888, up from last month’s low of 3,166.

Clore’s price has also rallied due to the ongoing Nvidia stock rally. After bottoming at $90 in August, Nvidia’s stock has bounced back to $135. It has risen for three consecutive days and is nearing its all-time high of $140.

Palantir, another AI stock, has also rallied for five consecutive weeks, pushing its market cap to over $100 billion. Other AI tokens like Bittensor, Artificial Superintelligence Alliance, and Arkham have also rebounded.

The next few weeks will be critical for AI companies as they publish their third-quarter financial results. AMD, a major Nvidia competitor, will release its earnings on Oct. 29, while Palantir will release its results on Nov. 1.

Clore.ai price faces key resistance

Clore.ai chart by TradingView

CLORE token formed a double-bottom pattern, a highly bullish sign,  at $0.04412 in August and September.

It recently formed a small doji candlestick pattern on Oct. 9. A doji occurs when an asset opens and closes at the same level and is considered a bullish sign. The price has moved above the 50-day moving average.

Therefore, more upside will be confirmed if the price rises above the key resistance level at $0.1193, its highest swing in September.

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Theo Crypto News

DeFi

Truflation launches AI index to track generative AI performance

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Truflation, a financial data provider, has launched its own AI Index, a tool designed to monitor the performance of companies in the generative AI sector and the real-world assets supporting them.

This launch — shared with crypto.news via a press release — coincides with significant growth in the global generative AI market, currently valued at $44.89 billion and projected to reach $1.3 trillion by 2032. 

The AI Index consists of six companies: Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render.

Stefan Rust, CEO of Truflation, said the index “targets investors seeking growth by leveraging real-time data and diversifying across core asset classes.”

The index serves as a benchmark for both traditional and decentralized finance platforms.

What this index means 

Truflation utilizes decentralized data feeds, indexes, and oracles, which are essential components of decentralized finance. These tools provide users with accurate pricing for real-world assets, helping them make informed decisions.

Truflation works with over 80 data partners, tracks more than 20 million items, and offers specialized dashboards for monitoring inflation in countries like the U.S., U.K., and Argentina, according to the release.

For those unfamiliar with decentralized finance, it refers to financial services that run on blockchain technology, eliminating intermediaries like banks, which allows for more direct and efficient transactions.

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Theo Crypto News

Phân tích

Bittensor rose 108% in September while analysts see more gains

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Bittensor, a fast-growing artificial intelligence token, was the second best-performing top 100 cryptocurrency in September after Sui.

TAO jumped by 108% in September

Bittensor (TAO) rose by 108%, while Sui (SUI), a popular Solana rival, jumped by 115% during the month. TAO has risen by 276% from its lowest point in August, bringing its market cap to over $4.4 billion.

Bittensor’s rally coincided with the rebound of some of the most popular AI assets like Nvidia, C3.ai, Alibaba, and Palantir. 

It also followed major developments in the AI industry. One of the biggest events was Alibaba’s decision to launch over 100 new open-source AI models as it seeks to become a major player in the industry.

Another big event was on OpenAI’s surging valuation, which rose from $100 billion on Aug. 30 to $150 billion by Sept. 14. The company, which runs ChatGPT, has become one of the most valuable in the AI industry. AI coins like Bittensor tend to perform well when the industry is thriving.

Bittensor soared after Grayscale launched the TAO fund, which has attracted over $4.1 million in assets and trades at a 5.6% premium to net assets. Grayscale also launched a SUI fund, which attracted $2.3 million in assets.

Meanwhile, Bittensor’s demand in the futures market surged, reaching a record high of $172 million on Sep. 30, up from September’s low of $46 million. Soaring open interest is a sign of increased demand among traders and investors.

On-chain data also shows that the Bittensor network is growing, with the number of active accounts rising to over 127,000 and the amount staked hitting 5.9 million.

Some analysts believe that Bittensor’s token will have more upside. In an X post, an analyst predicted it would jump to $1,000, citing its strong technicals.

Another user pointed to the upcoming launch of BIT001, which will allow Bittensor’s subnets to create their independent tokens.

Bittensor formed a golden cross

Bittensor price chart | Source: TradingView

The TAO price jumped after forming a triple-bottom at $217 and moving above its neckline at $365, its highest point on July 26 and Aug. 27. 

Bittensor also formed a golden cross pattern as the 200-day and 50-day moving averages crossed each other. 

It was approaching the 23.6% retracement point on Sep. 30 and was attempting to cross the psychological level at $600. A break above that level would indicate further gains to $777, its highest point this year, which is 30% above the current level.

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Theo Crypto News