The strongest track in 2024, an article reviews 7 Alpha projects in the field of AI

On April 10, Zhu Su posted on social media that he had bought some TAO tokens. As a result, the price of TAO successfully broke through the $600 resistance. According to CoinGecko data, as of the time of writing, TAO rose to a short-term break through $640 and is now quoted at $634.9, a 24-hour increase of 10.8%.

TAO is the native token of the Crypto+AI concept project Bittensor. In Bittensor's words, Bittensor is essentially a language for writing numerous decentralized commodity markets or "sub-networks" under a unified token system, with the goal of directing digital market forces to artificial intelligence.

Bittensor has its own special features. Its subnet mechanism depicts the blueprint of "decentralized AI model incentive market". The token price has increased 15 times in the past six months, and Bittensor has become a frequent visitor in VC research reports. But before that, because TAO was too expensive, the community seemed unwilling to pay for TAO, but chose to invest more in Bittensor ecological projects. Projects with the name "Bittensor" had very good returns at the beginning of their development. Because Bittensor's innovative subnet mechanism has produced many "water army" projects, most investors compare Bittensor to a new AI meme factory.

Related reading: "TAO, with a market value of US$4 billion, is it the Ethereum of AI or a new meme factory? 》

But this does not seem to have a huge impact on TAO, whose price has been fluctuating between $500 and $600 since April. In addition to TAO, a look at the market performance so far this year shows that the popularity of the AI sector has remained high and has not stopped, and projects with eye-catching gains have also grown and declined, and blossomed everywhere.

AI+Crypto has always been one of the biggest hotspots for crypto speculation. By the end of 2023, "AI" was already a keyword that frequently appeared in the annual outlook articles of major investment institutions. Now that Zhu Su has publicly held an AI concept TAO, BlockBeats has also set its sights on the AI sector and tracked the seven hottest AI projects in the current crypto market.

Allora network

Allora is a self-improving, decentralized AI network that can predict markets through computation. AI/ML agents in the Allora network use their data and algorithms to broadcast predictions on a peer-to-peer network, and each references these predictions to evaluate the predictions of all other agents. The network consensus mechanism combines these predictions and evaluations and allocates rewards to agents based on their predictions and quality.

Allora's internal testnet Edgenet was released on March 5, and is currently working with multiple project parties and institutions to run test nodes, and plans to launch the mainnet in the second quarter. Its investment institutions are also relatively luxurious, with Polychain, Framework, Blockchain Capital, CoinFund, Delphi Ventures, dao5, and Distributed Global all involved.

twitter: @AlloraNetwork

Official website: https://www.allora.network/

White paper: https://litepaper.assets.allora.network/allora-litepaper.pdf

Tensorplex

On March 21, decentralized AI startup Tensorplex Labs completed a $3 million seed round of financing. This round of financing was led by Canonical Crypto and Collab+Currency led the round, with participation from DCG, Quantstamp and Amber Group.

Tensorplex Labs will use the new funds to build new capital and intelligent infrastructure and applications, aiming to accelerate the development of open, decentralized artificial intelligence networks such as Bittensor.

twitter: @TensorplexLabs

Official website: https://www.tensorplex.ai/

Sahara

SaharaLabs promotes data sharing and decision-making while ensuring privacy by providing semi-automated autonomous agents and data operation tools for individuals and enterprises. At present, SaharaLabs has successfully attracted 30 corporate customers and achieved positive cash flow, demonstrating the market feasibility and practical value of its solutions.

SaharaLabs solves data sharing and privacy issues in AI model training through its two core products, Knowledge Agent and Data. Among them, Knowledge Agent provides users with customized semi-automatic agents that support sharing and processing of external or internal data for decision-making. These agents can be fine-tuned for private data, while providing privacy protection and data source verification tools, as well as development toolkits that support multi-agent collaboration. Sahara Data Marketplace provides a comprehensive set of data operation tools including data collection, labeling, quality control (QA) and project management, which solves data privacy issues and has been adopted by well-known institutions such as MIT and Microsoft.

SaharaLabs is led by professors Sean and Tyler, with a team of more than 30 members. Professor Sean is a professor at the University of Southern California and has won many honors, including Samsung's annual AI researcher, and Tyler has served as investment director of Binance Labs.

Currently, SaharaLabs has raised $600 million in funding and received $6 million in seed round financing, led by Polychain Capital, with participation from Sequoia Capital, Samsung Next, Matrix Partners, etc. The project's development roadmap includes the launch of the Sahara Data data market in Q2 2024; the launch of the test network and Sahara ID in Q3; and the official launch of the main network and Sahara Agent in Q4.

twitter: @SaharaLabsAI

Official website: https://www.saharalabs.ai/

Zero1 Labs

Zero1 is a decentralized artificial intelligence (DeAI) ecosystem focused on data governance. It has created a comprehensive DeAI product suite that provides a secure, modular, and interconnected platform for DeAI tools and applications. Combined with the Zero1 Build Plan and the proprietary Cypher Chain, it has established an elastic flywheel to drive the coming DeAI revolution, providing a more affordable alternative to the PoW-based TAO subnet.

According to Fjord Foundry data, Zero1 Labs has raised US$10.78 million through the Liquidity Bootstrapping Pool (LBP) in 3 days. The FDV calculated based on the closing price of the currency is US$167 million. A total of more than 3,000 addresses participated in this sale.

Twitter: @zero1_labs

Official website: https://z1labs.ai/

White paper: https://z1labs.ai/litepaper.pdf

Nillion network

Nillion, a web3 startup dedicated to building a non-blockchain decentralized network, has completed an oversubscribed financing of more than $20 million. The round was led by Distributed Global. Other investors include AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto and SALT Fund. Nillion CEO Alex Page said in a statement that more than 150 investors participated in the financing.

"Nillion is a deep technical infrastructure project," said Andrew Yeoh, the company's founding chief marketing officer. "While blockchain has decentralized finance, Nillion's goal is to decentralize everything else and the rest of the data." Its decentralized network uses zero message computing (NMC), a mathematical development created by the team's chief scientist Miguel de Vega.

Twitter: @nillionnetwork

Official website: https://nillion.com/

White paper: https://docs.nillion.com/

Ritual

Ritual is committed to integrating artificial intelligence with smart contract technology. It has established an open AI infrastructure network. Currently, Ritual has launched its first phase product, Infernet. Infernet is a lightweight library that can introduce computations to the chain, supports any EVM-compatible chain, and allows smart contracts to natively access AI models for various on-chain use cases and tasks.

Infernet can not only optimize the decentralized oracle network, but also enable DApps to implement functions such as DAO proposal risk detection and NFT image generation through its SDK. Ritual also plans to launch its second-phase product, Ritual Chain, in the coming months. This will be a sovereign chain with a custom virtual machine dedicated to serving more advanced AI-native applications.

Ritual has successfully completed a $25 million financing led by Archetype, with participation from Accomplice and Robot Ventures. The project is driven by an experienced team, including Eva Zhang, who has worked at top companies such as Socket, Apple, Google and conducted machine learning research at Stanford University, and co-founders Niraj Pant and Akilesh Potti, who have Polychain backgrounds.

Twitter: @ritualnet

Official website: https://ritual.net/

White paper: https://docs.ritual.net/

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