Market Metrics

Total Crypto Market Cap: down 2.5% to $2.48T
Total AI Sector Market Cap: down 6.4% to $23.12B

Top Movers (24hrs):

📈 Botto (BOTTO): up 25.4% to $0.8125
📈 Vectorspace AI (VXV): up 25.3% to $1.18
📈 Aegis AI (AEGIS): up 21.6% to $0.3876

Highlights of the Day

🤖 AI Models Go Live On Bitcoin
The Bitcoin Virtual Machine (BVM), a layer 2 project, is set to release Truly Open AI, a platform that allows users to deploy, monetize, and sell AI models on the blockchain. This development highlights the growing interest in integrating AI with blockchain technology, potentially leading to new decentralized AI applications and use cases. Despite some experts questioning the feasibility of running AI on a blockchain, BVM's collaboration with prominent projects like Filecoin, Near, Avail, Polygon, and Syscoin demonstrates the ongoing efforts to explore and push the boundaries of this emerging field.
➡️ Bitcoin Virtual Machine only recently launched the project’s token, BVM, at the start of March. Since this announcement, the token has jumped over 30% and is currently sitting at ~$280M market cap. This coin fits both the BTC Layer 2 narrative and AI—could be one to watch if the BTC derivatives narrative picks up.
Related Tickers: BVM, FIL, NEAR, MATIC* & SYS

🎞 Nvidia Introduces Revolutionary GPU System
Nvidia's CEO Jensen Huang, at the company's GTC event, introduced the Blackwell platform, a powerful new GPU system that is 2 to 30 times faster than the previous generation, significantly reducing the resources needed for AI model creation. Nvidia also unveiled new tools for automakers working on self-driving cars, doubled down on robotics, and introduced Nvidia NIM, a software platform simplifying AI model deployment. Huang emphasized the ongoing "generative AI revolution" and the concept of "AI factories," highlighting Nvidia's role in pushing the boundaries of accelerated computing and AI.
➡️ Basically, AI is going to get exponentially better in the coming years, and in the future, we will look back and wonder what life was like without it.

☁️ Golem Network and GamerHash Partner
Golem Network announced a partnership with GamerHash at NVIDIA's GTC conference, aiming to boost the AI industry by sharing GPU resources. This collaboration taps into the vast computing power of gaming GPUs, offering a solution to the growing need for computational resources in AI development. By joining forces, Golem and GamerHash are making it easier and more affordable for everyone to access the computing power needed to build AI applications, marking a significant step towards democratizing AI technology.
➡️ Golem is an interesting project, not only because of what they are building but also because they have a huge treasury. Their multi-sig wallet currently holds 162,000 ETH, currently worth almost $600M, plus they have further ETH holdings scattered across other wallets, amounting to almost $1B. Golem’s market cap is only $450M, significantly less than the value of its treasury 👀
Related Tickers: GLM

* = we own

In Other News

🟠 Ocean Protocol joins the AI Gaming Coalition, led by NIM Network, to leverage its expertise in AI and data democratization

🟠 The Aethir Checker Node Public Sale is now live, offering all tiers on a first-come, first-served basis, requiring purchases to be made with wETH on Arbitrum

🟠 AIOZ Network has published its intricate, calculated, and expansive W3AI Vision for the future of web3 AI, backed by a decade of research and development in AI and blockchain.

🟠 The team from AIOZ breaks down their takeaways from the first day of Nvidia’s conference.

Must Watch

👇 Monday marked the kickoff of NVIDIA's GTC conference, and Palm AI has delivered a stellar summary alongside a must-watch video.

TL;DR: Breakthroughs in AI tech with the #BlackwellGPU and next-gen SaaS platforms are taking the ease of use and flexibility of AI to the next level. When combined with the attributes of blockchain, it seems there are endless possibilities for AI.

Tweet of the Day

BlackRock launches a digital asset fund on Ethereum and deposits $100 million USDC—the institutions are no longer coming, they are here.
🪨 #Rocks2Riches

Jobs Board

🟠 Senior Machine Learning Engineer @ Coinbase ($185k)
 Apply here
🟠 Director of AI Engineering @ Foundry ($150k - $220k)
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🟠 Software Engineer, Machine Learning @ Coinbase ($140k - $165k)
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