Congratulations to Movement on raising $38 million in the new round. Happy to support the next big thing coming to the alt-VM rollup space! Here's what you need to know about Movement: 🧵
Lastly, we end the day with a debate around what is more viable in todays market: VC backed tokens or Fair Launches moderated by Henry from Laser Digital and with speakers Alex Golding, Edward Roman, and @d0itdifferent.
Looking forward to seeing you all there and exploring the future of crypto together!
We delve deeper into the conversation with another fireside chat between @0xsky404 and @_weidei as they explore AI agents and a decentralized autonomous future more in depth.
@gaib_ai is transforming the #GPU power grid in the crypto industry, and @J17Capital is thrilled to support it! 💥 Let’s dive into why we believe in #GAIB and what they’re bringing to the table. 👇
1/ Tokenize GPUs! Imagine being able to stake, lend, and borrow GPU power with GPU-backed stablecoins. 💰
2/ The name $GAIB is inspired by the movie Dune, introducing a GPU-backed RWA hub on-chain. It’s set to become the #Spice for AI Agents and AI Memes—unlocking on-chain GPU computing resources.
3/ Tapping into $ETH @movementlabsxyz, @0xPolygon, @plumenetwork, @monad_xyz, @BNBCHAIN, @Optimism, @berachain, @arbitrum, @0xMantle, and @avax to meet the growing AI demand across multiple chains.
4/ With the recent surge of $GOAT, #Virtuals, $ACT, and other AI memes, we're only seeing the tip of the iceberg when it comes to crypto AI. Machine Learning and Deep Learning are about to find a home in crypto!
5/ Whenever dapps need GPU handy, @gaib_ai helps AI scale seamlessly, mitigating concerns about data breaches and high fees from cloud services.
6/ $GAIB is orchestrating a network of decentralized nodes accessible to the broader AI community, backed by leading #AI and data infrastructure partners like @AethirCloud, @0G_labs, @ionet, and @codatta_io.
7/ AI depends on floating computation and can’t function without #GPU. $GAIB will scale GPU RWA while leveraging the advantages of #Web3 and #DeFi utilities. Let @gaib_ai take the crypto industry by storm! 🚀
Thrilled to announce that GAIB has raised a $5M pre-seed round, led by @hack_vc, @FactionVC, @hashed_official, and 30+ incredible supporters, to build the first economic layer for AI compute!
🧶👇
We are excited to announce that we have successfully completed pre-seed round funding from @EV3ventures , @daedalus_angels , @waterdripfund , @peaq , @J17Crypto and Opulence!
SkyX is the ultimate solution of AI-Centric intelligent weather network, our mission is to reshape the weather industry with Web3 and AI technology.
We will leverage on our investors’ resources to accelerate our growth across all continents. Get ready and fasten your seatbelt. 🚀
Read more: https://t.co/bBHNVx3eK8
We are excited to announce that we have successfully completed pre-seed round funding from @EV3ventures , @daedalus_angels , @waterdripfund , @peaq , @J17Crypto and Opulence!
SkyX is the ultimate solution of AI-Centric intelligent weather network, our mission is to reshape the weather industry with Web3 and AI technology.
We will leverage on our investors’ resources to accelerate our growth across all continents. Get ready and fasten your seatbelt. 🚀
Read more: https://t.co/bBHNVx3eK8
Which L1 tokens are most popular in the recent 30 days? Sui (100% up) & Aptos (50% up)!
Which token is the next ? MOVEMENT @movementlabsxyz
Want to know why & more about the incentivized testnet? Check out my Youtube interview with @rushimanche below: https://t.co/aEgdGbx9a8
We're thrilled to be part of Pin AI's journey as they work to revolutionize personal AI assistants. Stay tuned for more updates, and feel free to reach out to us if you want to explore on the AI x Web3 intersection!
Excited to announce our investment in @PinAI, a groundbreaking project transforming billions of phones 📱 into AI-driven personal assistants 🤖! #AI#Web3
We are excited to announce that PIN AI has raised $10M in pre-seed funding to launch the world's first Open Platform for Personal AI.
PIN AI converges AI and Crypto in meaningful ways, offering a privacy-focused, on-device AI assistant that democratizes on-device intelligence for all of us. The team hails from Ethereum Core Research, Google Brain, Stanford, MIT, and CMU.
Our round is backed by notable investors such as @a16zcrypto CSX, @hack_vc, @anagramxyz, @theBBFund, @symbolicvc, @DispersionVC, @alumniventures, @ForesightVen, @NomadCapital_io and other all-star angels:
• @ilblackdragon (Founder of NEAR Protocol),
• @calilyliu (President of SOL Foundation),
• @EvanWeb3 (CEO of Mysten Labs),
• @dcbuilder (Worldcoin Foundation),
• @notscottmoore (Co-Founder of Gitcoin), and
additional support comes from @forgivenever, @thekevinding, @kiddoq, @J17Capital, @benafisch, @cyberfeng, @Zhen4good, @timshi_ai.
We’re beyond excited to have everyone’s support and can’t wait to launch our product on the market in October 2024! We're also thrilled to join the a16z CSX Fall 2024 cohort.
Pin AI stands out in the AI x Web3 space, focusing on the "Smart AI agent" niche. With a clear go-to-market strategy and partnerships with major crypto phone makers, it is poised for rapid user adoption.
Key Insights Recap from the @LECCAVentures and @iotex_io R3al World Panel
1. The only solution for crypto projects: Being sustainable and having strong revenue is the key to success in this cycle. We have seen more than 10,000 projects relying solely on token sales as their primary source of revenue, which is harmful to the industry. It’s not surprising that 99% of these projects will likely fail in the coming years. Crypto projects with real customers and viable revenue models will survive both bull and bear markets. As an investor, I am eager to invest in projects with solid business models, as these are the types of tokens that exchanges also prefer to list!
2. We need more liquidity from outside the crypto industry, and RWA-Fi is a prime example of how to bring Trad-Fi money (from family offices, financial institutions) into crypto. By tokenizing assets, such as GPU-Fi @gaib_ai@Compute_Labs , PE assets @humafinance to on-chain, it provides a more efficient and profitable option for Trad-Fi investors. RWA-Fi only needs to offer 15-20% APY with minimal risk, which is already significantly better than the passive APY yield in Trad-Fi (around 5%).
3. We need more real and new users in the crypto industry, and @getgrass_io has done an excellent job by bringing over 12 million nodes/users through a gamified and seamless experience with incentives. I’m excited to see how Grass could become the next STEPN.
Had an amazing time last night hosting some of LA’s top founders, VCs, and entertainment producers with @PressStartCap. Excited for the next one and to build out the LA ecosystem! Thanks to everyone who came out!