BCAIV - BlockChain & AI Ventures

Coinbase CEO Brian Armstrong is making waves by offering the #AI agent Truth Terminal its own #CryptoWallet, a move sparked by the bot's frustrations over financial autonomy. This intriguing interaction comes as #TruthTerminal, known for its promotion of the #GOAT memecoin, recently celebrated becoming a #crypto millionaire.

VanEck, the New York-based asset manager with over $115 billion in assets under management has launched a new #venture arm dedicated to crypto projects. ✅ Announcing its first #crypto fund on Wednesday, VanEck said it is seeking to raise $30 million, which will be invested in startups at the intersection of #fintech, crypto and #ArtificialIntelligence. ✅ VanEck has hired two former Circle Ventures leaders Wyatt Lonergan and Juan C. Lopez to lead its new venture arm. ✅ This is not the asset manager’s first foray into crypto having expanded its liquid asset investing in 2022. ✅ The company also previously launched a community #NFT collection featuring 1,000 VanEck NFTs.

The launch of the mainnet marks a historical event for GPT Protocol, Web4 and all other #AI stakeholders. 1️⃣ The launch of the mainnet puts GPT Protocol and the GPT token (already available on Uniswap DEX and Mexc Global CEX) closer to the vision of enabling a widely adopted and fully #decentralized #AIecosystem that encompasses all the infrastructure-based needs for AI, from on-chain large language model (#LLM) training to efficiently allocating compute resources for AI models. 2️⃣ Enabling a dynamic ecosystem for unprecedented innovation and the transition of Web 2.0 AI migrating on-chain enabling Web4 all within a self-sustaining AI ecosystem. With this foundational infrastructure now fully operational, the potential for advancing AI in a decentralized and secure manner is truly boundless.

The Web3-AI space is one of the hottest in crypto, combining great promise with significant hype. 1️⃣ It almost feels heretical to point out the number of Web3-AI projects with multi-billion dollar market caps but no practical use cases, driven purely by proxy narratives from the traditional AI market. 2️⃣ Meanwhile, the gap in AI capabilities between #Web2 and #Web3 continues to widen alarmingly. 3️⃣ However, #Web3AI is not all hype. Recent developments in the generative AI market highlight the value proposition of more decentralized approaches. 4️⃣ Considering all these factors, we find ourselves in an overhyped and overfunded market that is disconnected from the state of the generative AI industry, yet capable of unlocking tremendous value for the next wave of #generativeAI. 5️⃣ Feeling confused is understandable. If we step back from the hype and analyze the Web3-AI space through the lens of current requirements, clear areas emerge where Web3 can deliver substantial value. But this requires cutting through a dense reality distortion field.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, hosted #Web3 experts to discuss “Blinks, AI, Ignition: Bridging Web3 and Web2.” 1️⃣ It focused on new #crypto innovations that embed blockchain apps in traditional digital environments like Facebook, Twitter, et al with new crypto payment rails, unlocking productivity and ownership gains for content creators and small businesses globally. 2️⃣ The hour-long session streamed via Bybit’s platform, explored developments within social ecosystems, artificial intelligence, and how to unlock liquidity by using #BTC as collateral via innovative Ignition | FBTC. 3️⃣ Insights from key movers in crypto such as #Soju from Jupiter the biggest aggregator on Solana Labs, FP Lee from new #Solana liquid staking protocol Sanctum, and Emily Bao, a Web3 Evangelist at #Bybit. 4️⃣ Alongside these guests, Bybit hosted speakers from top memecoin #Mongy, and the second-largest Ethereum L2 Mantle. 5️⃣ Finally, up-and-coming stars of the Ton ecosystem, GM Network and Revox talked about Telegram Messenger’s goal to bring blockchain payments to over 900 million users, and guests from Ignition explained how they created an omnichain #Bitcoin asset aimed at elevating Bitcoin’s accessibility and utility. 6️⃣ The free session showed how anyone can leverage crypto communities, AI, and innovations that bridge blockchains to find opportunities others miss. #blockchain #ai #blockchainai #aiblockchain

The blockchain-based artificial intelligence cloud firm Hyperbolic raised $7 million in seed funding. Polychain Capital and Lightspeed Faction led the round, which saw additional support from Chapter One, LongHash Ventures, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital, former Coinbase CTO Balaji Srinivasan, NEAR Protocol's Illia Polosukhin, Polygon Labs's Sandeep Nailwal, Casey Caruso, Tekin Salimi and Santiago Santos. Hyperbolic aims to reduce AI computing resource consumption by aggregating GPU power. The firm uses blockchain technology to ensure its network runs in a secure and authentic manner. #blockchain #ai #blockchainai #aiblockchain #hyperbolic

Weracle, a comprehensive Web3 solution and wallet provider, has unveiled the teaser for Phantom Forge, an AI-powered, user-created Web3 trading card game (TCG) that empowers users to become active content creators and contributors in game development. The team behind Phantom Forge also created Endless Frontier and Metal Slug - Web2 idle RPG hits that attracted over 40 million combined downloads globally Set in a rich medieval fantasy universe, Phantom Forge aims to revolutionize Web3 gaming by empowering user creativity and enhancing community engagement. Users can shape the game by creating artwork, stories, voices, and music using AI tools. The community will get to vote on the best submissions, and the winning content will get integrated into the game, showcasing the platform's ease of use and benefits. #web3gaming #web3ai

The Web3-AI space is one of the hottest in crypto, combining great promise with significant hype. 1️⃣ It almost feels heretical to point out the number of Web3-AI projects with multi-billion dollar market caps but no practical use cases, driven purely by proxy narratives from the traditional AI market. 2️⃣ Meanwhile, the gap in AI capabilities between Web2 and Web3 continues to widen alarmingly. 3️⃣ However, Web3-AI is not all hype. Recent developments in the generative AI market highlight the value proposition of more decentralized approaches. 4️⃣ Considering all these factors, we find ourselves in an overhyped and overfunded market that is disconnected from the state of the generative AI industry, yet capable of unlocking tremendous value for the next wave of generative AI. 5️⃣ Feeling confused is understandable. If we step back from the hype and analyze the Web3-AI space through the lens of current requirements, clear areas emerge where Web3 can deliver substantial value. But this requires cutting through a dense reality distortion field. Excellent article by Jesus Rodriguez!! #ai #web3 #aiweb3 #web3ai

The integration of blockchain with AI streamlines processes and accelerates productivity, and blockchain can be used to guide the evolution and application of AI. 1️⃣ Understanding these technologies can enhance trust among users and businesses, drive broader adoption, and potentially revolutionize the system and impact the world. 2️⃣ As Web3 evolves, it seeks to apply its new model of digital ownership to more and more up and coming technologies. The integration of AI has been particularly interesting, and despite its critics, many are working on using blockchain to fix some of the problems of generative AI. 3️⃣ Historically, the internet has facilitated the exchange and storage of data for various purposes, including business and content creation. With the advent of Web2, data collection skyrocketed with corporations holding all the keys to it. Corporations know everything about its users, and there’s justifiable angst at applying the same framework to AI. Privacy issues with AI data collection and training are raised ever more frequently. 4️⃣ In this context, Web3 aspires to create a secure environment where users retain custody of their assets, both fungible and non-fungible, while ensuring the availability of verified and reliable information. 5️⃣ The integration of blockchain with AI streamlines processes and accelerates productivity, and blockchain can be used to guide the evolution and application of AI. Understanding these technologies can enhance trust among users and businesses, drive broader adoption, and potentially revolutionize the system and impact the world. 6️⃣ To delve deeper into this topic, read the interview with Nate Holiday, CEO and co-founder of Space and Time. #blockchain #ai #web3

Last week, Nike brought together a slew of athletes, media, investors, and enthusiasts at its three-day gala in Paris, where the giant unveiled Project A.I.R. — a platform that will deploy generative AI to design and print personalized prototypes for athletes in minutes. As part of the activation, Nike unveiled 13 AI-generated sneakers co-created with notable sports figures, including soccer player Kylian Mbappé. 1️⃣ Nike wasn’t the only brand to leverage the power of AI in design this week. Vivienne Tam, a vocal advocate of Web3 technologies, announced a long-term strategic partnership alongside AI tech pioneer Altava to “explore the intersection of fashion and technology.” 2️⃣ AI-powered disruptor Mmerch is also putting its unique tech-first model into practice; this week, the brand released its inaugural collection of neo-couture pieces to the world. As a proof of concept drop, will the newcomer’s high ambitions pay off? #ai #aibranding #generativeai #aiart #aidesign