Market Metrics

Total Crypto Market Cap: up 0.2% to $2.47T
Total AI Sector Market Cap: up 7.6% to $27.2B

Top Movers (24 hours):

📈 EnqAI (ENQAI): up 69.8% to $0.03912
📈 Arbius (AUIS): up 39.7% to $139.26
📈 Precipitate.ai (RAIN): up 32% to $0.01328

Weekend News

🟠 OpenAI goes on the record asking for more regulation and safeguards around AI. The decentralized AI community has been vocal about their distaste in AI regulation, claiming it will hamper growth and innovation while consolidating growth and control for centralized entities.

🟠 Fetch.ai has integrated LLama 3-8B, enabling its AI agents to understand complex queries and generate coherent, contextually relevant responses more efficiently.

🟠 Virtuals Protocol launched the Audio-to-Animation (A2A) subnet on Bittensor Subnet 25.

🟠 Zignaly has introduced ZIGChain, a Cosmos IBC chain, that aims enable the deployment of “wealth generation” protocols fund managers can leverage for automated investing strategies. The team has also partnered with DWF Labs to create a $100M Ecosystem Fund to incentivize developer contributions within the ecosystem.

🟠 The SEC has continued on its anti-crypto war path, issuing a Wells Notice to RobinHood’s crypto business.

🟠 Prime Intellect released information on its grants program, aiming to “support ambitious open-source AI research into novel models, architectures, techniques, and paradigms needed to make open and decentralized AGI a reality.”

🟠 Arbius’ first DAO funding proposal was submitted, seeking funding for the development and maintenance of the Arbius Data website. This proposal signals Arbius’ transition into a decentralized governance structure.

🟠 OriginTrail announced that DMaaST, an EU-funded initiative, utilizes OriginTrail to develop a Digital Product Passport that improves the electronics and aerospace industries' responsiveness to external and unforeseen events.

Sound Bites 🎧

Today we are breaking down two podcast appearances with David Johnston from Morpheus. David has recently appeared on the Delphi Podcast and Hash Rate to explain the project and share details on the tech, the MOR token fair launch, and the future of the protocol.

Morpheus is a decentralized AI platform that aims to create a peer-to-peer network of personal, general-purpose AI agents which can execute smart contracts on behalf of users.

Let's dive in👇

Key Takeaways:

• The protocol's goal is to empower individuals with personal AIs that can think and take actions to benefit them, similar to how personal computers and search engines have empowered people in the past.

• Morpheus utilizes LLMs for understanding human language and detecting intent.

• Morpheus differentiates itself by optimizing and rewarding for usage, where developers are rewarded based on the usage of smart agents they create and deploy on the network.

• The Morpheus portal launched in February and garnered significant attention, with over 118,000 stETH deposited in total, highlighting the growing interest in decentralized AI solutions.

• MOR, the native token of Morpheus, grants access to network compute resources, grants inference rights on the platform, incentivizes ecosystem contributors, and will be pivotal for AI projects launched on Morpheus.

• Morpheus focused on a fair launch with no presale, pre-mine, or initial token allocations, using a model where users can deposit their staked ETH (stETH) into a contract, sharing their ETH staking yield to earn a pro-rata share of 24% of the total MOR token supply over a 16-year period.

• The MOR20 fair launch model offers a template for other projects to launch tokens using a similar staking yield model while ensuring decentralization and open participation. Several projects are expected to announce MOR20 launches soon after the MOR token goes live.

If you’d like to listen to the full podcasts, you can find them here:
🟠 The Delphi Podcast
🟠 Hash Rate

Meme of the Day

🤡 We can confirm, the US prints money…

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