Web3 AI Daily Review (2024/7/28)

1. Market Analysis

In the past 24 hours, the Web3 AI sector has decreased by 1.68%, while Bitcoin has dropped by 0.52%.

2. Project Tracking

1. Leading Stocks Performance

Today, the top ten leading stocks in the industry mainly showed a downward trend, with TRAC rising by 19.89%, GLM by 0.98%, and NMR by 0.47%, while the remaining leading stocks all declined. ARKM announced the launch of Arkham X Coinbase wallet, allowing users to connect their Coinbase wallet to Arkham to directly track assets and transactions on the platform. FET's partner SingularityNET announced a $53 million investment to create the world's first modular AGI supercomputer and cutting-edge HPC and AI data center. Previously, SingularityNET and Fetch.ai announced that the token merger has completed its first phase, indicating that FET and SingularityNET have effectively become a closely integrated whole, jointly committed to promoting the development of decentralized AI and AGI.

2. Hot Stocks

Today's hot stocks include NEAR Protocol, Artificial Superintelligence Alliance, and Render, with the leading gainers being Architex, Lumerin, and Hera Finance. Among them, Architex has risen by 11.8%. Architex is a mining layer targeting blockchain and AI networks (such as BTC, Bittensor, and Morpheus) through its decentralized ASIC and GPU hardware infrastructure.

3. Smart Money Trends

In the past 24 hours, the projects with the most inflow of smart money are GROK, KIZUNA, and QF; the projects with the most outflow are wTAO, FET, SAGE, VPS, and NEURAL.

The top ten projects in this issue's smart money holdings are SAGE, SHOG, KIBSHI, HashAI, ENQAI, NEURAL, GROK, DEAI, basedAI, and QF.

3. Industry News

1. AI Industry

l Morgan Stanley Advances Self-Developed AI Applications

Morgan Stanley recently announced that it has deployed a second self-developed generative AI application for its financial advisors. This application tends to favor self-developed solutions rather than relying on off-the-shelf tools provided by technology vendors.

Morgan Stanley stated that this new application is its second internally developed generative AI tool, aimed at enhancing technical capabilities and application effectiveness through self-development.

l Google DeepMind AI Achieves Milestone in Mathematics: IMO Silver Medal Performance

Google DeepMind announced that its AI system has made significant breakthroughs in the International Mathematical Olympiad (IMO). The system has become the first AI to achieve a silver medal level, demonstrating exceptional advanced mathematical reasoning abilities.

In this year's IMO competition, DeepMind's AI system scored 28 points (out of a maximum of 42), just 1 point shy of the gold medal standard. This achievement is comparable to that of human silver medalists, showcasing the remarkable progress of AI in solving complex mathematical problems. Notably, among the 609 participants this year, only 58 received gold medals.

This achievement is regarded as a "Go moment" for the mathematics community, marking an important step for artificial intelligence in the field of advanced mathematical reasoning. The IMO has become an important benchmark for measuring the mathematical capabilities of AI systems, and Google DeepMind's breakthrough will undoubtedly drive further developments in this field.

2. Web3 AI

l Portal Partners with Bitlayer, Sovryn, and Tari to Advance Bitcoin Ecosystem Innovation

The non-custodial Bitcoin interoperability protocol Portal has announced a significant strategic partnership with Bitlayer, Sovryn, and Tari, planning to launch an incentivized testnet.

Portal innovatively combines Lightning Network and atomic swap technology to provide users with a completely decentralized way to access Bitcoin liquidity. The platform does not rely on centralized intermediaries or custodians, ensuring users have full control over their assets.

Bitlayer, as a Bitcoin sidechain/L2 solution, will provide Portal with faster transaction speeds and enhanced privacy features.

Sovryn will integrate its Bitcoin-backed stablecoin DLLR into the Portal DEX, enabling one-click trading with native BTC without the need for bridging, wrapping, or custody.

The inclusion of Tari will expand the tokenization and trading possibilities of digital assets, allowing users to seamlessly trade various digital assets with Bitcoin as the settlement layer.

l Metabit Network Completes $10 Million Strategic Financing to Drive Blockchain Innovation

High-performance blockchain platform Metabit Network recently announced the successful completion of a new round of strategic financing amounting to $10 million. This funding will be used to promote innovation and development in blockchain technology within Metabit Network.

Metabit is a blockchain platform based on a hybrid consensus mechanism called PoAS. This platform allows different nodes to play different roles, providing functions such as physical operation networks, validation, packaging settlement, storage, and bandwidth.

Based on this architecture, Metabit plans to transform into an AI-based multidimensional intelligent architecture in the v2.0 phase. This transition aims to connect with the rapidly evolving AI ecosystem.