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Weekly Roundup: The AI Mega Merger
The ChatGPT killer, a big week of fundraising, & much more...
🌵 Exploring the Intersection of Crypto & AI 🌵
Weekly Roundup
Weekly Market Metrics
Total Crypto Market Cap: down 6.3% to $2.6T
Total AI Sector Market Cap: down 9.4% to $25.5B
Top Movers:
📈 Arbius (AIUS): up 414.8% to $224.17
📈 Spectre AI (SPECTRE): up 244.8% to $2.07
📈 LimeWire (LMWR): up 114.4% to $1.66
Highlights of the Week
🤝 Three AI Protocols Discuss Token Merger
Fetch.ai, SingularityNET, & Ocean Protocol are in talks to merge their tokens in a move to develop the leading decentralized AI platform. Voting on the proposals will start this week!
Fetch.ai
➡️ The token's fully diluted valuation (FDV) after the merger would be around $7.5B, making it the second largest AI project by FDV behind Bittensor. The tokens for all three projects have rocketed up following the announcement. We broke down the proposed merger in more detail over in our Big Brain Breakdown and our Twitter Thread.
Related Tickers: OCEAN, FET, AGIX & ASI (TBA)
💀 Akash Chat - The ChatGPT Killer?
Akash Network has announced a new interface for Akash Chat, giving it a similar vibe to ChatGPT yet powered only by decentralized Akash compute. Akash Chat has some pretty compelling features:
🟠 Completely zero cost
🟠 Private chat history (stored locally)
🟠 No sign-in, no accounts—completely permissionless
🟠 Similar functionality to ChatGPT
Akash Network
➡️ Is this going to kill ChatGPT? We haven’t tested it thoroughly enough to comment, but if you’re a heavy ChatGPT/Claude/Bard user, we’d love to hear what you think about Akash Chat. You can access it for free here.
Related Tickers: AKT*
🖥 Everyday Computer Users Can Now Contribute To The AI Revolution
AIOZ Network announced the release of AIOZ Node V3, offering a unique opportunity for everyday computer users to join the AI revolution by using their devices to support AI development and earn rewards. The minimum hardware specifications are 2-core CPU, 4GB of RAM, and 20GB of available storage space. Some common computers with these specs are:
🟠 Budget Chromebooks
🟠 Low-end Windows laptops
🟠 Mini PCs
🟠 Some affordable tablets
🟠 Older MacBook models
This update makes participating in cutting-edge AI projects accessible to anyone with a computer that meets the specified hardware requirements, democratizing the development of AI technologies and offering a new way to benefit from the digital economy.
AIOZ Network
➡️ If you have a computer that meets the minimum hardware specifications, you can download AIOZ Node V3 here and start earning AIOZ rewards. Post beta, the number and difficulty of tasks are expected to increase, further boosting rewards for Node operators.
Related Tickers: AIOZ*
* = we own
Over the Fence: Airdrop Radar
Outpost Pro members receive actionable alpha five days a week. Here’s a sneak peek at an opportunity we shared with our premium subscribers last week.
🌱 Grass Protocol
Grass is a decentralized community network that focuses on collecting and organizing the data needed to train AI models. It enables users to earn from their unused internet bandwidth by sharing data with AI research labs through Grass.
Users can earn Grass Points (which will likely translate to an airdrop) by downloading and running Grass, referring friends, and through future opportunities like reaching milestones and maintaining uptime streaks.
Grass updated its points system in January, but we wanted to highlight this last opportunity to earn some points before the final epoch closes.
Here are the steps:
Signup for Grass: Signup for a Grass account using our referral code* (required for registration).
Download and run Grass: Earn points simply by having Grass running while you browse the internet.
Refer friends: Receive a 20% commission on points earned through direct referrals, 10% on points earned through second-level referrals, and 5% on points earned through third-level referrals.
Check point balance: View your accumulated Grass Points balance in the Grass app or dashboard.
*referral code = lS07Cufa6Eo6Nmz
In Other News
Outpost Pro members found out about these events on the day the news broke!
🟠 Jackal Labs has proposed integrating with Oraichain to enhance data storage and access for all Oraichain apps and users.
🟠 Arbius AI announced a 50% reduction in miner emissions to prepare for a tokenomics upgrade that will incentivize new models launching on Arbius.
🟠 The Ankr team announced Neura, a blockchain that integrates AI, cloud computing, and Web3 technologies to provide infrastructure for AI startups.
🟠 Render Network has announced a partnership with Stability AI to author a billion 3D image dataset for AI training purposes.
🟠 Ritual announced a partnership with Celestia that allows Ritual users to leverage Celestia's high-throughput data availability layer for Ritual's Chain and Infernet.
🟠 AIOZ Network has partnered with Alibaba Cloud to launch a DePIN Alliance in Southeast Asia, aimed at enhancing services related to AI, storage, and streaming.
🟠 Eternal AI announced a partnership Filecoin to leverage Filecoin’s scalable storage layer. This partnership creates the first Bitcoin Layer 2 that will allow storing AI models fully onchain.
🟠 Parallel Studios closed their latest funding round, raising $35 million from prominent investors, including VanEck, Solana Ventures, and the Base Ecosystem Fund.
🟠 MyShell, a project building a consumer layer connecting AI creators and consumers, has announced an $11M funding round led by Dragonfly.
… and much, much more!
Must Listen
🔊 Jeff (@theemozilla) from Nous Research joins the Delphi Podcast to discuss how Nous Research creates its open-sourced models, its Bittensor subnet that allows users to submit their models to see how they rank against ChatGPT-4, and much more!
New Podcast Episode with @theemozilla of @NousResearch 🎧
One of our smartest guests ever 🧠
▪️ The inevitability of AGI
▪️ Crypto x AI Masterclass
▪️ Creating a World Simulator
▪️ Launching Bittensor Subnets
▪️ 30 Million Open Source Model DownloadsLinks and Thread Below ⬇️
— Tommy (@Shaughnessy119)
2:29 PM • Mar 30, 2024
Generative AI of the Week
🐰 We wish all of our subscribers a Happy Easter!
Happy Easter Sunday Fetch.ai community! 🐰
From everyone on the team, we wish you all a great day as we continue to advance forward on our mission to bring #AI to everyone 🌼
— Fetch.ai (@Fetch_ai)
6:59 AM • Mar 31, 2024
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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 due diligence and consult with professional advisors for legal and financial advice specific to their situation.