Web3 AI Daily Review (2024/7/25)

1. Market Analysis

In the past 24 hours, the Web3 AI sector has decreased by 1.95%, while Bitcoin has dropped by 2.55%.

2. Project Tracking

1. Performance of Leading Stocks

Today, the top ten leading stocks in the industry mainly showed a downward trend, with only TRAC rising by 19.89%, while the other leading stocks fell. The security of the OriginTrail Decentralized Knowledge Graph (DKG) is supported by over $68 million in TRAC across 109 nodes on Base, Gnosis Chain, and Polkadot, with network activity generating over $4 million in TRAC revenue (a month-on-month increase of 225%). RENDER has partnered with OTOY to launch a new documentary and short film titled "Odysseys," commemorating and recognizing the year 2001—one of the most influential and historically significant films in cinema history, in which RENDER was involved in the visual effects rendering.

2. Hot Stocks

Today's hot stocks include TriasLab, Qubic, and Internet Computer, with the leading gainers being Altered State Machine, TriasLab, and ArkiTech. Among them, Altered State Machine has risen by 12.8%. The Altered State Machine protocol links on-chain data to AI agents, enabling developers to build interoperable AI-driven experiences and assets that users can own. Recently, the most noteworthy development from Altered State Machine is the launch of the Artificial Intelligence Football Association (AIFA) arena, a set of unique 3D stadiums that can be used anywhere in the open metaverse and traded on the market.

3. Smart Money Trends

In the past 24 hours, the projects with the most inflow of smart money are wTAO, LNQ, RNDR, ORAI, and ENQAI; the projects with the most outflow are basedAI, YAI, SAGE, FET, and KAI.

The top ten projects in this issue's smart money holdings are SAGE, KAI, SHOG, KIBSHI, HashAI, Gauss, ENQAI, GLQ, DEAI, and NEURAL.

3. Industry News

1. AI Industry

l Chainbase and Alibaba Cloud Strategic Cooperation to Promote the Integration of Web3 and AI Technologies

Chainbase has become Alibaba Cloud's first deep partner in the Web3 field, and this cooperation will bring new momentum to the integrated development of Web3 and AI technologies. By leveraging Alibaba Cloud's powerful cloud computing infrastructure and tools, Chainbase has not only significantly enhanced the scalability of its platform but also provided a more efficient blockchain application development environment for Web3 developers.

This cooperation enables developers to build blockchain applications more quickly and effectively mine and utilize the value of on-chain data. Alibaba Cloud's global cloud computing network provides strong technical support for Chainbase, helping to accelerate innovation and application in Web3 and AI technologies.

Notably, Chainbase recently completed a $15 million Series A financing round led by Matrix Partners, with participation from well-known institutions such as Folius Ventures, DFG, Hash Global, JSquare, Mask Network, and Bodl Ventures.

l NVIDIA Launches AI Foundry Service, Empowering Enterprises to Customize Llama 3.1 Models and Deploy AI Applications

NVIDIA recently launched two important AI services: AI Foundry and NIM™ inference microservices, which, combined with the newly released Llama 3.1 open-source model series, provide comprehensive generative AI solutions for enterprises worldwide.

AI Foundry is a comprehensive service platform that integrates NVIDIA's software, infrastructure, and expertise, along with models, technologies, and support from the open-source community. This end-to-end service allows enterprises to quickly build customized AI models, particularly those based on the Llama 3.1 series.

Enterprises can use the AI Foundry service to select or customize Llama 3.1 models and further develop them using the NVIDIA NeMo platform. Among them, the NVIDIA Nemotron-4 340B reward model ranks first on Hugging Face RewardBench, providing strong support for model customization.

Once the model development is complete, enterprises can create NVIDIA NIM inference microservices to deploy and run these AI models on various cloud platforms and NVIDIA-certified systems. This flexibility allows enterprises to choose the most suitable deployment environment according to their needs. NVIDIA also offers expert support and a broad partner ecosystem to help enterprises accelerate the entire process from AI model development to actual deployment.

2. Web3 AI

l NFT Giant Pudgy Penguins' Parent Company Igloo Secures $11 Million in Funding to Expand Blockchain Business

Igloo, Inc., the parent company of Pudgy Penguins, recently announced the completion of a funding round exceeding $11 million. This round was led by the well-known venture capital firm Founders Fund, with participation from Distributed Global, 1kx, Everest Ventures Group, and Selini Capital.

Igloo plans to use this strategic funding to develop its new business division, Cube Labs. The main task of Cube Labs is to oversee and participate in the development of a new blockchain project called Abstract, which focuses on the consumer sector. The Abstract blockchain is incubated by the non-profit organization Abstract Foundation, and its testnet is expected to launch in the near future.

l COTI Selected for Israel's Central Bank CBDC Project, Collaborating with PayPal and Fireblocks on Digital Shekel Development

The COTI Foundation recently announced that it has been selected to participate in the Central Bank Digital Currency (CBDC) project of the Bank of Israel, collaborating with industry leaders such as payment giant PayPal and cryptocurrency custody service provider Fireblocks. As the only selected blockchain network, COTI will contribute its privacy-focused Layer-2 blockchain technology to the project.

The CBDC project, known as "Digital Shekel," marks a significant advancement for the Bank of Israel in the field of digital currency. COTI plans to leverage its advanced blockchain capabilities to provide a secure and reliable environment for holding and trading Digital Shekel. The company will also work on building an ecosystem around the Bank of Israel's CBDC and incorporate its expertise into the design considerations.

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