Morpheus Week - That’s a Wrap!

It’s been a huge week for the team at Onchain Outpost. After digging into all things Morpheus, we can truly say we are pumped for the future of the user-owned, personal AI agents.

In case you had your head in the sand, here are all the things we covered:

• Deep dive into Morpheus’ MOR20 fair launch platform.

• Our X space with Willy from the Nounspace team.

• Big Brain Breakdown on the future of personal AI agents.

• Our X space featuring Morpheus core contributor David Johnston.

Be sure to set some time aside this weekend to check it all out!

Market Metrics

Total Crypto Market Cap: up 1.4% to $2.546T
Total AI Sector Market Cap: up 5.5% to $28.7B

Top Movers (7 days):

📈Kizuna (KIZUNA): up 29.6% to $0.0₈8195
📈PaLMAI (PALM): up 16.2% to $0.5759
📈Lumerin (LMR): up 14.5% to $0.0206

Mindshare Check:

The AI sector currently accounts for 19.96% of the total crypto market’s narrative mindshare, up from last week. The ETH ETF has climbed into second place at 14.66%.

Weekly News

🟠 Arkham is catching some heat for obfuscating where they custody their own tokens (and of course sold).

🟠 Llama 3.1 405b is now accessible on the Akash Supercloud through a web app and API.

🟠 Inference Labs has published an in-depth analysis of Bittensor's solutions for maintaining AI integrity in decentralized environments, including weight copying mitigations and Proof-of-Weights

🟠 Smart money is bidding TAO… (if you count Chamath as smart money)

🟠 Mt. Gox is beginning to repay creditors through Bitstamp & Kraken, with test transactions executed, while concerns persist about potential market impact from $9.4 billion worth of Bitcoin owed to 127,000 creditors.

Highlight of the Week

❗️ Meta Releases Frontier-Level Open Source AI Model

Meta has made waves in the space recently with the release (and open-sourcing) of Llama 3.1 405B, touted as the world's largest and most capable openly available foundation model.

This breakthrough marks a cultural shift in the open-source vs closed-source AI battle, with open-source models beginning to rival or even surpass their closed-source counterparts. With 405 billion parameters, multilingual capabilities, and an extended context length of 128K tokens, Llama 3.1 405B is the most performant LLM, surpassing GPT-4o and Claude 3.5 Sonnet across multiple benchmarks

Perhaps, most importantly, this move aligns perfectly with the ethos of decentralization, as it reduces reliance on centralized AI providers, empowering a wider range of actors to contribute to and benefit from AI advancements.

In a testament to the model's potential, Erik Voorhees' project Venice.ai has already integrated Llama 3.1 405B, offering users a privacy-first LLM chatbot with web search functionality.

As more model developers follow suit, we can expect to see a proliferation of innovative, privacy-respecting AI applications that align with the principles of decentralization and user sovereignty that are central to the crypto ecosystem.

Meme of the Day

In honor of the Olympics starting this week, we are rooting for the USA 🇺🇸 & Australia 🇦🇺