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Holoworld AI (HOLO) is a decentralized platform that focuses on the creation, distribution, and monetization of AI-powered virtual agents and digital intellectual property (IP). The HOLO token is the native cryptocurrency of the Holoworld AI ecosystem and serves multiple core functions (usages) and is defined by its role in the platform.
Holoworld AI: A decentralized application hub and marketplace for artificial intelligence agents and digital IPs. It provides a no-code creation suite, like Ava Studio, for users to build interactive, autonomous AI characters. HOLO: The native utility and governance token for the Holoworld AI ecosystem, primarily based on the Solana blockchain.
AI Agent/Digital IP: The intelligent virtual characters or assistants created on the platform, which can be interactive and tradable digital assets with verifiable ownership on the blockchain.
- Regulatory Shift: Ethiopia is moving from an outright ban on cryptocurrency towards developing a regulatory framework for digital assets, spurred by the global growth of the crypto market and the recognition of potential benefits like cross-border payments. - Bitcoin Mining: Ethiopia has become an attractive location for Bitcoin mining due to its ample supply of affordable, renewable hydropower. The government has actively encouraged this by entering into power agreements with mining companies, with 19 of the 21 companies reportedly being Chinese. Miners typically pay for electricity in foreign currency, providing a source of foreign exchange for the country. - Blockchain Adoption: Ethiopia is utilizing blockchain technology for purposes beyond cryptocurrency, notably through a partnership to implement a student digital identity program on the Cardano blockchain for over 3,000 schools. This project aims to combat education fraud and promote financial inclusion. - Mobile Payments and Blockchain Remittances: The mobile money sector in Ethiopia is growing, with companies like M-Pesa expanding their reach. Oromia Cooperative Bank launched Ethiopia's first blockchain-powered remittance service, aiming to provide faster, cheaper cross-border money transfers for underserved communities. - CBDC Exploration: The NBE is actively studying digital currencies, and the Council of Ministers approved a draft proclamation to establish a legal framework for a CBDC, which would be issued by the central bank alongside the existing fiat currency.
On September 2, 2025, the price of Somnia (SOMI) is approximately $0.5077 USD. The price is experiencing significant volatility, with a notable decline over the last 24 hours.