Market Metrics

Total Crypto Market Cap: flat at $2.47T
Total AI Sector Market Cap: up 1.8% to $27.8B

Top Movers (24 hours):

📈 PaLM AI (PALM): up 24.1% to $0.9927
📈 Spectre AI (SPECTRE): up 18.5% to $2.37
📈 Monai (MONAI): up 16.7% to $0.2097

Daily News

🟠 McKenna dropped his bull thesis on VIRTUALS Protocol, highlighting VIRTUALS’ “ability to create a vibrant DApp ecosystem and attract a large developer base for the co-creation of digital AI Agents.”

🟠 Coindesk reported that AI tokens are “leading the crypto-market recovery.” The sector is up ~35% in the past 7 days.

🟠  The Graph Network shipped an update allowing product developers to update their subgraphs from a hosted service to the decentralized network in 4 steps.

🟠 Nillion released a demo showcasing the SDK’s privacy features.

🟠 Nesa has integrated with Sei Blockchain to enable onchain inference capabilities.

🟠 You can now begin earning ORA points on Arbitrum by following the steps outlined here. More on this from us soon 👀

Airdrop Radar 🪂

Everyone will look back at 2024 as the golden year of airdrops. Free money raining from the blockchain, directly into your wallet. All you need to do is click a few buttons and be consistent, don’t be lazy and miss out on free money, anon.

This weeks airdrop opportunity is with Aethir and doesn’t require any capital to get involved. It probably won’t make you rich but you’ll likely net a nice little drop for clicking some buttons.

What is Aethir? 

Aethir Cloud is a decentralized GPU-based computing infrastructure network focused on gaming and AI applications. The project aims to facilitate scalability for GPU infrastructure providers and simplify access for network users. The team closed a pre-series A funding round at a $150m post-money valuation from Maelstrom, Mirana Ventures , Animoca Brands on July 26, 2023.

ATH Token Functionality 

The Aethir token, ATH, is central to the Aethir ecosystem and will facilitate the purchase of processing power within Aethir's network, serve as the staking token for node operators, and eventually the project’s governance token once the Aethir DAO is established.

The Aethir Cloud Drop Airdrop Campaign 

The Aethir Cloud Drop, the project’s airdrop campaign, started back on April 25th and was originally meant to run until May 12, 2024, but was recently extended to May 29th (although Galxe and Layer 3 badges must still be claimed by May 12). The campaign primarily revolves around earning various badges and completing quests.

The steps to earning badges and completing quests are straightforward:

1. Head over to Aethir’s airdrop site to signup. You can earn extra points using our referral link here.

2. Connect your wallet to the dashboard.
   Remember: DO NOT use you main wallet to farm airdrops—use burner accounts where possible.

3. Begin earning badges and completing quests

You may already qualify for earning some of the community badges, simply by holding the assets and tokens of the projects the team has partnered with:

On the other hand, the quest badges will have to be obtained manually. The tasks are really easy.

❗️Important note: The team is only airdropping 8% of the total supply, with only 50% being dropped on TGE with the other 50% vested linearly over 24 months.

We cannot say with confidence what the 50% 24 month airdrop vesting process really looks like due to the lack of specific details.

Will airdrop recipients receive 50% of their airdrop allocation upon TGE with the other 50% vesting over 24 months? Or will airdrop recipients receive their entire allocation at TGE, fully vested, with the Aethir team (or DAO) running additional airdrop campaigns for the next 24 months across the remaining 50% of tokens.

Access our referral link here.

As always, use burner accounts where possible (wallet, Twitter etc) and never conduct airdrop farming from your main wallet. Always do your own due diligence before deciding to interact with any project.

Meme of the Day

Where do you think you would fall?

Exclusive Report: Top 5 AI Cryptocurrencies to Watch 2024

🌵 Access the report here! 🌵