Market Metrics

Total Crypto Market Cap: $2.69T - down 7.2%
Total AI Sector Market Cap: $23.42B - down 12.4%

Top Movers (24hrs):

📈 Chappyz (CHAPZ): up 33.2% to $0.008511
📈 Verox (VRX): up 26.8% to $81.00
📈 DeepFakeAI (FAKEAI): up 18.5% to $0.02028

Biggest Losers (24hrs):

📉 Eve AI (EVEAI): down 30.7% to $0.1189
📉 Meme AI Coin (MEMEAI): down 30% to $0.01047
📉 Precipitate.ai (RAIN): down 28.8% to $0.01353

Weekly Deep Dive

Every Friday, we dig deep into a project or a specific topic so you can be one step (or ten) ahead of the market and pick the next winner amongst the vast number of AI tokens.

This week, we’re breaking down an article by Ethereum Researcher Davide Crapis. The article, titled ‘The Internet of Agents’, dives into the future of AI agents and the reasons why blockchains have desirable properties for an AI agent system.

To put it simply, AI agents are computer programs designed to interact with the world by sensing their environment, processing data autonomously, and taking actions to achieve specific goals.

Stick with us—it might sound complicated, but it’s not. Do you want to find the next token to 100x? Having at least a basic understanding of this stuff puts you ahead of 99.9% of the herd.

At the beginning of the article, Crapis mentions that over the past ten years, blockchain and AI have been the two most rapidly progressing technologies.

Interestingly, public blockchains have many features that make them extremely good for building AI agents. He mentions decentralization, openness, and security as some of the key points.

When contrasted with the legacy internet, blockchain excels in multiple areas that are key for an efficient and functional AI agent economy. In other words, the blockchain is THE place where the next generation of AI agents should (and probably will) be built.

In the article, Crapis elaborates on many end-user applications for AI on the blockchain. AI has the potential to become the new interface connecting users with DApps. For example, rather than navigating a clunky DeFi interface, the user simply tells the AI interface what action they want to take.

“I want to buy X amount of Token Y at a price no higher than $Z”

Crapis further elaborates on other applications, such as AI prediction markets, smart contract auditors, analytics agents and more.

He says the most exciting application in the near term is AI prediction markets. DeFi unlocked the trade of a vast array of assets that traditional financial systems could never support. Similarly, AI prediction markets can create liquid markets for essentially any event that people want to speculate on.

For example, the ability to speculate on the success of an experimental drug in the treatment of a rare disease could be a market that people could speculate on.

Now you’ve got a basic understanding of how blockchain could unleash the next wave of AI agents, here is a list of some of the projects that we are watching that are building in this niche:

• Bittensor (TAO): Developing a distributed network of AI agents designed to facilitate secure and transparent interactions among AI agents and users.

• Fetch.AI (FETCH): Building an open network for AI agents to autonomously engage, exchange, and establish marketplaces.

• PAAL AI (PAAL): Integrating personalized AI Bots that deploy across various platforms, providing comprehensive solutions for businesses and projects.

• Delysium (AGI): Developing Lucy, an AI agent specialized for trading and DeFi optimization strategies.

• Autonolas (OLAS): Building the OLAS network, uniting a myriad of crypto and AI services through a single platform.

• Echelon Prime (PRIME): Enabling the infrastructure for Web3 gaming studios to integrate AI agents within their games.

If you have any more projects you think we should take a look into, please let us know!

In Other News

🟠 Parallel TCG releases their whitepaper on Colony, an AI-powered survival simulation game.

🟠 AIOZ Network onboards Vertu and DexCheck, as part of the W3IPFS Whitelist Program.

🟠 PaLM AI announces it will be attending the Nvidia conference.

Meme of the Day

Solana just surpassed its previous market cap all time high! Who is your favorite counter-trade signal?

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