Market Metrics

Total Crypto Market Cap: down 1% to $2.392T
Total AI Sector Market Cap: down 4.2% to $24.6B

Top Movers (7 days):

📈TARS Protocol (TAI): up 17.9% to $0.1333
📈Qubic (QUBIC): up 15.7% to $0.0₅1907
📈NEURALAI (NEURAL): up 12.1% to $5.40

Mindshare Check:

The AI sector currently accounts for 21.60% of the total crypto market’s narrative mindshare, trending up over the past two weeks. The DeFi has overtaken the ETF news again and sits in second place at 14.86%.

Daily News

🟠 Prime Intellect introduced a few new features including team accounts for shared GPU access, Jupyter Notebook support, Llama model deployment using vLLM, and upcoming affordable multi-node GPU clusters.

🟠 Destra Network, Ankr, and Asphere are collaborating to develop Destra’s AI-focused Layer 2.

🟠 MOR staking rewards are now active, allowing stETH Capital Providers to stake their MOR claims and increase their reward calculation power, with longer staking periods (up to 6 years) resulting in higher power.

🟠 Roam Network is integrating with peaq, a layer-1 blockchain for DePIN, to decentralize mobile network performance data collection, rewarding users with crypto for sharing anonymized signal strength information that can help telecom companies improve their services.

🟠 Dither AI announced the launch of a Liquidity Pool Enhancement Program (LPEP) that will use 10% of their monthly treasury funds from partner referrals to acquire DITH tokens and add them to a DITH/SOL pair in a Meteora AG liquidity pool.

Highlight of the Week

With July in the books and Q3 off too a hot start, we wanted to showcase the latest fundraising rounds that were finalized this month.

Sentient was the main driver behind the $180 million raised in July, leading the charge with its $85 million SEED ROUND! Wild.

Here are the projects that received funding. 👇

🟠 Sentient ($85 million): Enable collaborative development, monetization, and community governance for AI.

🟠 Carv ($35 million): Allow individuals to control, monetize, and benefit from their personal data, particularly in AI-enabled gaming.

🟠 Prodia Labs ($15 million): Their API that allows users to create AI-generated images without managing their own GPU infrastructure or training models.

🟠 Mira Network ($9 million): AI infrastructure platform that enables developers to create AI apps using community-contributed workflows, while allowing contributors to monetize their work.

🟠 OpenLedger ($8 million): Infrastructure aimed at making the entire data lifecycle for AI verifiable, permissionless, and censorship-resistant.

🟠 Hyperbolic Labs ($7 million): Open-access AI development platform that aggregates idle computing resources to democratize access to AI model training and hosting.

🟠 DAO Base ($6 million): AI-driven data and infrastructure platform tailored for DAOs.

🟠 Network 3 ($5.5 million): Layer 2 solution helping AI developers inference train or validate models efficiently.

🟠 Red Pill GPT ($5 million): Enables access to AI models by aggregating them into a single API.

🟠 Nubila Network ($2.5 million): Network for collecting, sharing, and analyzing environmental data using AI, rewarding contributors with tokens and providing real-time ESG insights.

🟠 Multiple Network ($2 million): Allow users to monetize their unused internet bandwidth by participating in an AI-driven network that optimizes data transmission.

🟠 Zircuit (undisclosed): Modular zk rollup with AI-enabled security at the sequencer level.

Meme of the Day

Which one of you is this???