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0xPrismatic
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This was a great read and added perspective on valuing Bittensor subnet tokens @UnsupervisedCap @Old_Samster
"With a 2-year hold, the discount approaches ~75%"
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0xPrismatic
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if you're building with crypto-native users as your primary market, it’s going to be tough to find sustained demand to me, the most interesting startups have products already geared towards infinite markets (AI, robotics etc)
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Twelve months ago, we didn’t have “Nasdaq companies aping into TAO” on the bingo card. But here we are. - Synaptogenix (SNPX) did a MicroStrategy-style bet on Bittensor stock jumped 40% after it announced a $10M TAO buy (2x its own market cap). They’re aiming for $100M. James Altucher is leading it. $5.5M personal stake. They're releasing preferred shares and TAO-linked warrants. And a full rebrand incoming. - Oblong (OBLG) is next. $7.5M raise to accumulate TAO and back Subnet 0. The stock popped after the announcement. The thesis for these companies is simple: TAO is scarce, programmable, and productive. It’s the native asset of decentralized intelligence. This won’t be the last. We’re watching the start of a public market land grab for crypto AI infrastructure.
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We made it. One full year of @cot_research! Since the 1st edition of our AI & Crypto newsletter was published on 11 June 2024, we’ve been breaking down the madness so you don’t have to live inside Arxiv or scroll Twitter/X until your eyes bleed. This is the biggest tech shift of our lifetime. It’s chaotic, it’s fast, and if you’re not neck-deep in it, it’s easy to miss what’s really happening. So, a big thank you for riding with us. Year two starts now. 🫡
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Another @cot_research drop will be landing in your inboxes in a few hours. It's a thought piece by @ChappieOnChain. Take a guess: what rabbit hole are we going down this time? (link in bio)
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Weekly AI Edge #51 is out! Read this, then get back to enjoying summer: 🌈 Project Updates = @NillionNetwork's new Enterprise Cluster is live, with Vodafone, Deutsche Telekom, Alibaba Cloud, and stc Bahrain, aiming for a privacy-native internet. = @TRNR_Nasdaq, listed on NASDAQ, is raising $500M to build the biggest AI-token treasury on a US exchange, backed by ATW and DWF Labs. = @USDai_Official entered private beta with $10M in deposits for a yield model tied to tokenized Treasuries and AI assets. = @PondGNN launched AI Studio and Pond Markets to help AI projects grow and fund. = @Worldcoin launched native USDC and CCTP V2 on World Chain, enhancing transfers for 27M users. = @peaq and Pulsar launched a Machine Economy Free Zone in the UAE for AI-powered machine pilots. = @thedkingdao is deploying $300M with a sports-betting hedge fund via an on-chain DeFAI system. = @CrucibleLabs launched Smart Allocator to auto-stake TAO into top subnets. = @hyperlane introduced TaoFi's Solana-to-Bittensor USDC bridge, unlocking DeFi access for Solana, Base, and Ethereum. 🌴 AI Agents = @Virtuals_io released I.R.I.S., a Virtuals Genesis AI agent on Ethereum, for contract security alerts. = @TheoriqAI launched Theo Roo, an AI strategist for real-time on-chain efficiency. = @AlloraNetwork started a six-week Agent Accelerator with $ALLO grants for top agents. = @Gizatechxyz's Arma now integrates into Rainbow Wallet for yield tracking. = @Chain_GPT launched AgenticOS, an open-source AI for posting crypto insights using on-chain data. 🐼 Web2 AI = @MistralAI released Magistral, a multilingual model for domain-specific tasks. = @xAI and Polymarket are partnering to integrate Grok’s AI with prediction markets. = @OpenAI launched o3-pro, the new ChatGPT Pro model, with enhanced features. = @Yutori released Scouts, AI agents for personalized internet alerts; beta at https://t.co/gxJvB6iC7h. = @Krea entered image modeling with Krea 1 in private beta, offering artist-grade output. + much more alpha in the full newsletter @cot_research (link in bio) h/t @issyadelaja
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