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Daily Insights: NEAR Outperforms
The Nvidia GTC Conference is approaching...
🌵 The Intersection of Crypto & AI 🌵
Market Metrics
Total Crypto Market Cap: $2.837T - up 0.1%
Total AI Sector Market Cap: $26.994B - down 2.5%
Top Movers (24hrs):
📈 Solidus AI Tech (AITECH)- up 30.4% to $0.3782
📈 Hera Finance (HERA)- up 27.2% to $6.89
📈 AI Network (AIN)- up 24.9% to $.1043
Biggest Losers (24hrs):
📉 DeepFakeAI (FAKEAI) - down 30.7% to $0.03021
📉 AIT Protocol (AIT) - down 21.7% to $0.9092
📉 LIZA (LIZA) - down 18.8% to $0.0213
Highlights of the Day
💰 The AI sector is continuing to outperform the rest of the crypto market, with the combined market cap of CoinGecko’s AI token list growing over 800% in 4 months.
➡️ Despite the incredible rate of growth, AI tokens still only make up a combined 0.95% of the total crypto market cap, highlighting the sector's room for growth.
📈 NEAR is up ~100% this week to over $7 ahead of Nvidia’s AI conference, as Near Protocol appears to be the only blockchain-related project presenting on the main panel.
➡️ Near’s co-founder, Illia Polosukhin, is presenting on Wednesday, March 20th at 7:00 PM CT. Sign up & watch the conference for free here.
📂 AIOZ Network unveils DApp “dTransfer”, offering a secure, fast and cost-effective method of sharing files leveraging the project’s DePIN storage infrastructure. The DApp offers public file sharing, rapid uploads and a pay-as-you-go model.
➡️ Try out dTransfer here.
In Other News
🟠 Fetch.ai is hosting a X spaces with Bosch Global on March 13th, 4pm UTC.
🟠 AIOZ Network announces W3IPFS whitelist program.
🟠 Bitscrunch announces partnership with Octavia, a leading AI-powered chatbot for Web3 communities.
🟠 Coinbase analyst suggests that AI tokens may be overhyped right now.
Tweet of the Day
Binance Labs has now opened their Season 7 Incubation program, naming AI Infrastructure and AI-powered DApps as key areas of interest, among others.
THE SEARCH FOR THE NEXT BIG CRYPTO NARRATIVE! 💎🔥
@BinanceLabs has now opened their Season 7 Incubation program
and they are looking for projects
in the following areas of interest:🟠 Infrastructure:
• #DePin
• Modular Blockchain
• AI infra
• Bitcoin Infra🟠… twitter.com/i/web/status/1…
— CryptoBusy (@CryptoBusy)
10:13 AM • Mar 12, 2024
Must Watch
👾 Fantastic interview with Joseph Jacks of OSS Capital explaining the reasons why Bittensor (TAO) is such a strong project and how they are attracting the best talent from across the industry.
Hash Rate - Ep. 46: Bittensor AI Venture Capital
🧙 Guest: @JosephJacks_ of OSS capital- $25M committed to #Bittensor ecosystem!!!
- What is OSS interested in funding?
- Subnet tour: make it tangible
- AI startups make more revenue on Bittensor (!)
- $TAO to 1 Trillion+?… twitter.com/i/web/status/1…— Mark Jeffrey (@markjeffrey)
1:08 AM • Mar 9, 2024
Jobs Board
🟠 Director of AI Engineering @ Foundry ($150k - $220k)
Apply here
🟠 Senior ML Engineer @ Unlimit ($87k - $103k)
Apply here
🟠 Senior AI DevOps Engineer @ Consensys ($150k - $225k)
Apply here
Disclaimer: This newsletter is provided for educational and informational purposes only and is not intended as legal, financial, or investment advice. The content is not to be construed as a recommendation to buy or sell any assets or to make any financial decisions. The reader should always conduct their own due diligence and consult with professional advisors for legal and financial advice specific to their situation.