After the wave of AI hype passes, can concept assets like JASMY continue to rise?

Author: DeMan

The emergence of Sora has once again made AIGC a hot topic in the tech industry, and AI and IoT projects in the Web3 field have also received favorable conditions, leading to a continuous surge in JASMY's price.

Data shows that JASMY's price rose from $0.0059 on February 18 to a peak of around $0.0188 on February 22, with an increase of over 90%. In recent days, JASMY's trading volume has consistently ranked among the top three on the Bitget exchange. Additionally, the open interest of JasmyCoin contracts has significantly increased by 94.80%, leading the crypto market alongside AGIX and PROM. Of course, the recent announcement by Guarde Wallet to support JASMY has also contributed to this bullish trend.

So, can we consider acquiring JASMY assets at this time? After all, since 5 PM yesterday, JASMY has entered a downward trend. The following text will provide readers with a comprehensive understanding of this project.

Is Jasmy Truly a National-Level Blockchain Project in Japan?

Jasmy was founded in 2016 in Tokyo, Japan, by former Sony employee Kazumasa Sato, focusing on developing and providing data security and sharing services for the metaverse and IoT era. Its vision is to enable users to truly own their data and monetize it according to their wishes. Shortly thereafter, former Sony president Kunitake Ando was appointed CEO of Jasmy in April 2016. As the founder of Sony Life and head of VAIO and Expedia's business, Ando has created many new products.

Through Jasmy's technology, metaverse applications built on the internet can establish direct bridges for data exchange among each other, while also generating decentralized storage solutions suitable for metaverse applications.

Since 2022, the Japanese government has begun to adopt Web3 as a national strategy and has repeatedly emphasized that the metaverse and NFTs will drive Japan's economic growth. This includes, but is not limited to, approving a series of reform guidelines regarding Web3 and specifically establishing a Web3 minister to promote NFTs and DAOs. The favorable domestic policies, combined with the founding team's reputation, have made Jasmy a "national-level blockchain project" in Japan.

Jasmy's vision is to achieve data democratization primarily through three steps: securely storing and controlling one's data; securely managing one's devices; and providing one's data to others under clear rules. Through these three steps, users' personal data will be correctly identified, and its usage will be clearly defined.

Last year, the Japanese government further proposed plans to vigorously develop the AI industry, leading Jasmy to launch the Jasmy Grant program aimed at incubating, accelerating, and investing in promising blockchain projects within the Jasmy ecosystem.

Jasmy's Core Technical Solution: Decentralized Data Management via Material Network Device Platform

One of the main innovations of JasmyCoin is providing a centralized data management platform for IoT devices. On this platform, users have absolute control over their data, allowing them to choose the objects and scope of data sharing. This sovereignty over data not only enhances data security and privacy but also empowers users, fundamentally changing the traditional centralized data management model.

JasmyCoin leverages the immutability and decentralization features of blockchain technology to ensure that the data generated by IoT devices is secure, transparent, and tamper-proof. Each data transaction is encrypted and recorded on the blockchain, with smart contracts automatically documenting the application of this technology, providing a secure communication environment for IoT devices and reliable guarantees for data transactions and sharing.

Specifically, Jasmy achieves data democratization through two core technologies. The first is the unique identity verification (KYC) technology called Secure Knowledge Communicator. Certified individuals can choose to provide their data or return the provided data to others. The second is the unique device management technology called Smart Guardian. This technology allows for real-time remote monitoring of device information and control over its behavior. By combining these two technologies, Jasmy links devices to individuals, enabling personal management of the information sent by devices.

Based on these technologies, Jasmy has launched several services, including Jasmy SecurePC and Jasmy Personal Data Locker.

Jasmy SecurePC is a commercial PC that can be securely used in remote environments. It includes various services: Ghost Drive provides a drive that can only be used when the personal identity is verified. Drive Recorder logs the commercial PC's activities on the blockchain for management purposes. Additionally, remote processing is possible, allowing administrators to disable or limit functionality if the device is lost. This service has been adopted by large financial institutions and call centers in Japan.

Jasmy Personal Data Locker is a personal data vault. Users can store their data and provide it to others using keys. This product complies with regulations such as GDPR and has been adopted by sports teams and travel companies in Japan.

The Future Direction of the AI Sector Remains Unclear; Investors Should Exercise Caution When Buying Related Assets

It is worth noting that, in addition to JASMY, AI-related assets such as AGIX have also recently seen a surge, with the similarly named Sora's clone coin achieving a hundredfold increase. This is attributed to the capital market's enthusiasm for the AI sector, but uncertainty remains high.

First, it is still uncertain whether AI-related technologies can be implemented on a large scale; second, the current market is still in a fluctuating range, and the future direction remains unclear; finally, the speed of rotation in the crypto asset market is extremely fast, and whether new hotspots will emerge under the generally bullish market expectations, drawing funds away from the AI sector, remains unknown.

Therefore, users should exercise extreme caution before deciding to buy AI-related assets such as JASMY.