Market Metrics

Total Crypto Market Cap: down 1.6% to $2.41T
Total AI Sector Market Cap: down 4.2% to $15.4B

Top Movers (24hrs):

📈 Sensay (SNSY): up 6.7% to $0.001478
📈 Presearch (PRE): up 6.7% to $0.02217
📈 Virtual Protocol (VIRTUAL): up 6.1% to $0.1219

Daily News

🟠 Syncracy Capital Co-Founder Daniel Cheung has built strong conviction in the Crypto x AI sector. See his insight here.

🟠 Data from Kaito AI indicates that AI is currently taking up the largest mindshare of any crypto niche.

🟠 Crypto, Distilled dropped a banger thread on upcoming DePin (AI adjacent) projects to keep on your radar, highlighting peaq network.

🟠 AEGIS AI just released the V1 version of its Aegis Ai Security Dapp, which features a real-time dashboard, code and token audits, detailed reports, risk monitoring, attack alerts, and bug bounty programs to ensure the security and transparency of cryptocurrency projects.

🟠 NIM Network dropped a brief teaser on its new game, TITANS, set to launch next week.

🟠 MOR claims are live. You can claim them here.

🟠 Spectral Labs has joined Hugging Face’s Expert Support Program, allowing the project to collaborate with deep learning experts from Hugging Face.

Project Spotlight: AIOZ

AIOZ Network is a decentralized infrastructure solution that enables secure and efficient file storage, live streaming, video on demand, and AI computation. By leveraging a distributed network, AIOZ aims to provide a scalable and cost-effective solution for content delivery and data storage while ensuring data sovereignty and privacy.

Key Features

• AIOZ Blockchain: Combines the robustness of Cosmos with EVM compatibility, utilizing Tendermint core and dBFT for high throughput, speed, and scalability.

• AIOZ dCDN: Decentralized Content Delivery Network for file storage and media streaming, powered by AIOZ Edge Nodes and offering unlimited bandwidth and AI integration.

• AIOZ Web3 Services (AW3S):

  • AIOZ Web3 Storage (W3S): Versatile Object Storage Infrastructure with S3 compatibility and decentralized P2P nodes for secure storage.

  • AIOZ W3IPFS: High-speed, secure, and scalable IPFS storage solution with dedicated resources, smart caching, and built-in CDN.

  • AIOZ W3AI: Decentralized AI computing infrastructure enabling local execution of AI tasks, model training, and a marketplace for AI models and datasets.

  • AIOZ W3Stream: Infrastructure for decentralized video streaming, supporting popular media streaming protocols and offering built-in CDN.

• AIOZ DApps: Native dApps showcasing the network's functionality and demonstrating the ease and affordability of building on AIOZ Network.

AIOZ Token

The AIOZ token primarily functions as the native staking and rewards tokens for node operators and delegators. It also serves as a means of payment within dApps built on the AIOZ Network. The team introduced a token burning mechanisms that burns 50% of all blockchain transaction fees, 5% of node rewards, and 5% of revenues from infrastructure and native dApps.

The team recently adjusted the inflation schedule and will decrease the inflation rate by 1% each year according to the following schedule:

• 8% 25th December, 2023

• 7% 25th December, 2024

• 6% 25th December, 2025

• 5% 25th December, 2026

The inflation proceeds will be split evenly between validators/delegators and the Treasury. Treasury tokens will be allocated to incentivize the growth and adoption of AIOZ's four main infrastructure pillars: W3S, W3AI, W3IPFS, and W3Stream.

Meme of the Day

60,000 college students booed Chris Pan for talking about Bitcoin in his commencement speech… We’re still early 🫡

Exclusive Report: Top 5 AI Cryptocurrencies to Watch 2024

🌵 Access the report here! 🌵