Author: Direction – Little White Dragon
Last year, AI tokens played a significant role in public fundraising, leading many to believe it was a period of integration between AI and cryptocurrencies. However, in recent months, the AI token rankings have shown a downward trend, with many tokens dropping 25%-50% from their local highs.
Indeed, this is not necessarily cause for concern. Corrections are a normal occurrence in a bull market and can contribute to long-term performance. This article will explore how to navigate the world of AI and enhancements.
Render x Apple
At last year’s WWDC conference, Apple unveiled its new AI suite – Apple Intelligence, compatible with all devices. While it is not surprising that major tech companies are venturing into the field of AI, what caught everyone’s attention was OctaneX showcased on the latest iPad Pro. This 3D design software is supported by Render Network, showcasing Apple’s innovation in AI and design software.
OctaneX utilizes Render Network’s decentralized GPU, allowing Apple users to access unprecedented rendering capabilities. It’s like creating Hollywood-level CGI on an iPad – a clear indication of what Render and Apple are achieving together.
Integration with Apple is a major win for Render, validating their technology and vision. Essentially, Apple is saying, “Hey, this Render Network stuff is legit!” This endorsement may attract a significant number of developers and creators to join the platform.
With the release of new Apple software over the years, this could be a catalyst for Render, unlocking a vast new user base. Furthermore, increased usage of OctaneX will drive demand for Render services, thereby boosting the value of the RNDR token. We’ve seen the price rise after the news release, which could be a sign of things to come, so keep a close eye on Render’s movements.
Subnet Tokens on Bittensor
One of the main criticisms of Bittensor currently is that only a few validators decide on the distribution of TAO rewards between subnets. The BIT1 proposal, known as Dynamic TAO, was introduced to address this issue.
Dynamic TAO is one of the most notable proposals by Bittensor, initially launched last year by the subnets. It brought significant changes to the network.
Empowering TAO holders: Currently, only a few validators have the power to decide how TAO rewards are allocated to subnets, which is unfair and susceptible to the influence of a few entities. Dynamic TAO changes this by allowing all TAO holders to participate in reward distribution. Everyone can now influence the allocation of AI resources – a vision that Bittensor has been working towards.
Dynamic market for subnets: With Dynamic TAO, each subnet will have its own token, the value of which will be determined in an open market. This incentivizes subnets to provide clear AI services and excel. There will be no more idle subnets – only the most proficient subnets will thrive. This also adds a speculative element to Bittensor, making network participation for TAO holders more gamified, and choosing a subnet will never be the same.
Dynamic TAO is currently in testing and is expected to be fully rolled out soon. Introducing encryption at the subnet level could become a common catalyst for Bittensor. This is a significant step for Bittensor, giving token holders and subnets a real voice in shaping the future of decentralized AI.
User-Owned AI on NEAR
Remember that meme about the founder of NVIDIA meeting the founder of NEAR and shaking hands? Recently, NEAR announced its next phase plan: to turn NEAR into a paradise for user-owned AI.
This is not just hype. The NEAR Foundation is taking concrete actions. They are establishing a dedicated research lab (NEAR.AI) and recruiting leading AI talents to develop AI and crypto applications. Additionally, they have set up an incubator and investment department to support the development of AI projects.
On one hand, they are building the infrastructure needed by developers to create user-driven AI applications. This includes data collection tools, mechanisms to reward creators, and monetization tools. At the same time, they are showing enthusiasm for the field of AI.
NEAR’s focus on “user-owned AI” has become a key driving force for development. The team is confident that, with their existing user base, resources, and financial strength, they will become a recognized talent in the eyes of users.
Conclusion
While recent market corrections may have been disheartening, the AI and crypto space remain vibrant. Projects like Render, Bittensor, and NEAR are each addressing their unique challenges, gradually making strides in their respective fields.
However, these are just a few of the many initiatives underway. At this current intersection, there is a noticeable rise in promising assets that are continuously developing value.
Additionally, there are other users interested in OpenAI, hoping to participate; Nvidia’s revenue is skyrocketing. The company plans to invite AI participants from around the world to join and collectively drive the transformation of the entire AI industry.
Therefore, the question is not whether AI and crypto will become important but when they will become important. While the future remains uncertain, one thing is certain: the future will be extraordinary.
