Solana Guardian Realy: Benchmarking Sleepless, repeatedly backstabbed by 3AC/FTX/Alameda, once again leading the Solana AI track
Realy, like the core team of Solana, is a tenacious and tireless team with a background from Meta (Facebook).Written by: HunterGo
The year 2024 is approaching, and with the halving and ETFs, the real bull market has just begun. There were too many stories of hundredfold coins in 2021, and three years have passed; history does not repeat itself, but it does rhyme. This series will recommend some hundredfold coins based on the widely circulated second version of the 2025 hundredfold coin standard. The first recommendation is Realy, an AI concept project backed by Multicoin, the Solana ecosystem, and Meta (Facebook), which can be compared to Sleepless AI, currently valued at 200 million dollars and launched on Binance Launchpad.
Here is a simple comparison that intuitively shows why Realy is worth investing in:
The lesson learned from missing out on BONK in 2022 tells us that selecting a thousandfold coin is not difficult; the challenge lies in holding it long-term. As the soul-searching questions of a horse suggest: If someone tells you the code to wealth, would you dare to buy it? If you bought it, would you dare to invest heavily? If you invested heavily, could you maintain your composure when it drops?
Therefore, only when we understand the underlying logic can we have a clear vision. This series is more for myself; simple things need to be repeated. Besides comparing it to Sleepless AI, through the white paper, product, tokenomics, and technical architecture, I also see REALY's ecological ambitions.
From an execution perspective, Realy, with a team backed by Meta (Facebook) and the core team of Solana, is resilient and relentless (Ps: Toly is following REALY): After the collapse of 3AC, the bankruptcy of FTX, and the shutdown of Alameda, Realy continues to stand firm in the Solana ecosystem; now, as the first AI asset on Solana with Meta's endorsement, Realy is currently the leading project in the Solana AI track.
Product Delivery
Currently, Realy's first AI product, Siya, has begun internal testing, featuring the following functional modules:
- Create an AI avatar and continuously update and train it through dynamic posts.
- Chat with matched AI companions.
- Discover suitable partners in the dynamic square, with support for subscriptions and payments.
In January 2024, REALY's first AI ecological project, Siya, will release significant updates, mainly including three core modules:
- Launch of NFTs for virtual boyfriends and girlfriends.
- Integration with REALY, supporting Chat to Earn, creating economic value for AI virtual companions.
- Influencers/KOLs can use SIYA to train their own AI avatars while dating multiple partners.
Each core module is closely related to current core hotspots in web2 & web3:
- The Solana NFT market has already flipped the ETH NFT market in trading volume.
- Chat to Earn continues the popularity of StepN, leveraging web3's externalities to help AI companion projects quickly gain traction; every NFT infused with emotion and time will have more emotional value than running shoes.
- In Web2, female influencers can transform into AI while dating 1000 boyfriends, earning about 400 million annually.
(Image source: Siya official Twitter)
(NFT image of Siyamate, AI soulmate)
Technical Architecture
In the white paper jointly released by Siya and Realy, the AI technology and its integration with Web3 are detailed. Siya is the first AI project incubated by Realy over two years, and from its use of LLM/Agent technology modules, these technologies have only recently been validated and gained popularity. Therefore, the team spent a long time refining AI and integrating it with Web3, which explains why there are almost no consumer applications of AI + Web3 on the market. Just like the sudden emergence of Sleepless AI, it started with a valuation of 200 million dollars + Binance Launchpad.
Specific technical details are thoroughly introduced in the white paper; for users looking to hold long-term, reading the white paper several times is the most basic homework.
Creator Economy and Tokenomics
The biggest problem with GAI in Web3 is the low barrier to creating assets; anyone can produce a large amount of assets using GAI. Therefore, attracting influencers and KOLs is a crucial element. From the first AI product released by REALY, it is evident that they have high requirements for creators while also matching corresponding ecological incentives to attract some quality users from Web2.
In the REALY & Siya ecosystem, Web2 users pay normally for usage, while Web3 users gain ecological benefits through investments and transaction fees; ultimately, the profits are fed back to creators through the externality of $REAL, completing the entire flywheel loop.
Conclusions Based on Secondary Data (NFA)
Long-term conclusion: Realy reached a maximum market value of 3 billion dollars on the day of FTX's launch without being listed on OKX/Binance, while about 20% of tokens were permanently locked due to the collapse of FTX/3AC; as the first Solana AI asset led by Multicoin, once it relaunches on major exchanges, its market value could reach 10 billion dollars. (Most hundredfold coins in 2021 were at this level)
Short-term conclusion: The Realy project token has fallen below the institutional cost line, but the team's execution, ecological positioning, and institutional backing (Meta) have created a very good fundamental outlook; combined with the current momentum (AI + Solana concept + Binance Sleepless), the short-term market value is around 200 million to 1 billion dollars.
