The Rise of AI in Cryptocurrency: Spotlight on JetBolt and Other Innovators

IoTeX Secures Investment from Animoca Brands IoTeX, a leading blockchain platform specializing in transforming real-world data into collective intelligence for AI, announced a significant investment from Animoca Brands. This partnership also involves Animoca Brands becoming a network validator and ecosystem partner for IoTeX. Since 2017, IoTeX has been instrumental in providing infrastructure for AI and blockchains by utilizing real-world data from machines and decentralized physical networks (DePINs). The platform supports over 100 projects and 40 million devices in various sectors such as mobility, robotics, energy, and healthcare. With substantial funding from investors like SamsungNext, Draper Dragon, and more, IoTeX's network facilitates AI's access to real-time data, enabling autonomous interactions with the physical world. The company's core infrastructure, including its Layer 1 blockchain, ioID decentralized identity, $IOTX token, and Quicksilver AI data framework, empowers developers to create impactful AI models and applications. Strategic Partnership for AI Innovation Animoca Brands' investment and strategic involvement mark a significant milestone for IoTeX, reinforcing its position in the AI sector and accelerating the adoption of Web3-powered AI applications. This collaboration aims to tap into the multi-trillion-dollar market for AI and real-world data. By supporting IoTeX's expansion in Asia and globally, Animoca Brands will leverage its network and industry expertise to drive innovation at the intersection of blockchain, decentralized infrastructure, tokenized assets, and AI. As a network validator for IoTeX, Animoca Brands will enhance the security, decentralization, and sustainability of the network, ensuring a robust foundation for future Web3 and AI applications. The partnership signifies a crucial step towards unlocking the full potential of decentralized infrastructure, as stated by Yat Siu, co-founder and executive chairman of Animoca Brands, and Raullen Chai, co-founder and CEO of IoTeX. Empowering AI with Real-Time Physical Data Founded in 2017, IoTeX plays a pivotal role in providing blockchain infrastructure that integrates real-time physical data to empower AI systems. With a focus on enabling intelligent systems to operate in real-time physical environments, IoTeX's technology bridges the gap between blockchain and AI, offering opportunities for real-world AI applications. The collaboration between IoTeX and Animoca Brands signifies a significant advancement in the realm of AI innovation, aiming to drive the next phase of Web3 and AI development.

Aethir, a decentralized compute network, has recently entered into a partnership with Arizona State University (ASU), specifically its Endless Games and Learning Lab. This collaboration marks a significant milestone as it is Aethir's first venture with an educational institution. The primary goal of this partnership is to launch a pilot scheme that will explore scalable, real-world applications of applied AI within game-based learning environments. ASU is renowned for its innovation and patent achievements, making it an ideal partner for Aethir's ambitious project. The Endless Games and Learning Lab plans to utilize Aethir's distributed AI compute platform to facilitate applied research, student-led development, and interactive learning experiences. Aethir is also contributing up to $3 million in network credits to support this initiative. The first projects stemming from this collaboration are anticipated to commence in the 2025–2026 academic year. Aethir's network boasts over 435,000 containers of virtual GPU-powered hardware across more than 90 countries, including significant presences in Singapore, the US, and Hong Kong. Mark Ollila, the director of ASU’s Endless Games and Learning Lab, expressed enthusiasm for the partnership, stating that it enables the scaling of their ambitions through a high-performance, globally distributed AI infrastructure. He emphasized the vision of making educational AI and game-based learning accessible and meaningful. Aethir’s chief revenue officer, Paul Thind, echoed this sentiment, highlighting the potential for AI and edge computing to unlock new avenues for learning, creativity, and collaboration among students and researchers alike.

Asset Chain has officially launched the USDT/WNT trading pair, marking a significant milestone for the first public layer-1 EVM chain from Africa, co-developed by the Wicrypt team. This new trading pair aims to enhance liquidity depth for WNT and increase the Total Value Locked (TVL) on Asset Chain. The decentralized exchange (DEX) operates as an automated market maker (AMM), similar to Uniswap V3, and is currently running a Liquidity Mining Campaign designed to incentivize liquidity providers and traders. Participants can earn points based on their trading activities, which will contribute to airdrops of the blockchain’s native token after the Token Generation Event (TGE). The more transactions users complete, the more points they accumulate, ultimately increasing their airdrop potential. To further engage the community, Asset Chain is launching a special Boost Campaign for the Liquidity Mining Program, specifically targeting the USDT/WNT pair. This campaign, commencing on August 27th, will offer enhanced rewards for liquidity provision, allowing participants to earn up to 200% Annual Percentage Rate (APR) on locked liquidity positions. Additionally, non-custodial wallets holding over 50,000 WNT will receive double points for liquidity provision transactions from September 9th to October 9th. This initiative is designed to maximize returns for liquidity providers and encourage more users to participate in the ecosystem. In conjunction with the liquidity provision campaign, a 30-day trading campaign will also begin on August 27th, providing users with double points for trading activities on the USDT/WNT pair. A reward pool of $3,000 USDT and $2,000 worth of WNT will be distributed among the top 10 traders based on their trading volumes during the campaign. To qualify, traders must maintain a minimum weekly trading volume of $50,000, totaling at least $200,000 over the 30 days. This dual approach aims to boost trading activity and liquidity on the Asset Chain DEX, driving the WNT token to new heights.

The memecoin market is experiencing significant shifts, with various platforms vying for supremacy across different blockchains. Notably, Pump.fun, the leading launchpad on Solana, has achieved a remarkable milestone, surpassing $800 million in lifetime revenue. This platform, which imposes a 1% swap fee on transactions, has re-established its position at the forefront of the memecoin boom. Earlier this summer, it faced stiff competition from LetsBonk.fun, a rival platform that temporarily outperformed it in token graduations. However, recent trends indicate that Pump.fun has regained its lead as many prominent memecoin deployers return to its ecosystem. Pump.fun's revenue trajectory has been impressive, generating over $1 million daily, starkly contrasting with LetsBonk's revenue, which has plummeted from nearly $1 million per day to under $30,000. This growing disparity has reinforced Pump.fun's dominance in the sector. Adding to its success, the platform launched its native token last month, raising an astounding $600 million within minutes of its offering. Currently, it is engaging in token buybacks above market prices to stabilize its token and bolster long-term investor confidence. As the memecoin landscape evolves, new challengers like Base are emerging. Backed by Coinbase, Base has recently surpassed Solana in new launches, aided by its integration with the decentralized social platform Zora. Data indicates that Base saw nearly 58,000 new memecoins created in a single day, compared to Solana's 33,000. This rapid shift highlights the volatility and potential of the memecoin market, where platforms can rise and fall swiftly. For investors, while the memecoin sector remains a high-risk, high-reward arena, projects like MAGACOIN FINANCE are attracting attention from whales, suggesting potential for significant returns in the upcoming altcoin season.

Ewha Womans University in South Korea has recently joined Theta's expanding academic partner network by adopting the Theta EdgeCloud Hybrid and its mobile edge network. The PAI Lab, led by Assistant Professor Junhyug Noh from the Department of Artificial Intelligence, is dedicated to developing practical AI technologies that can adapt to various real-world applications. Their research encompasses object recognition, weakly and semi-supervised learning, domain adaptation, and robust learning methods, aiming to enhance model performance while minimizing the need for labeled data. The lab is also exploring multi-modal learning and AI applications in fields such as medicine and process automation. The Theta EdgeCloud Hybrid stands out as the world's first decentralized hybrid GPU platform, integrating thousands of community-run NVIDIA GPUs alongside high-end models like A100s and H100s. This innovative infrastructure allows academic teams like the PAI Lab to conduct experiments with increased flexibility and reduced costs compared to traditional cloud services. The platform supports a range of AI research activities, including training large language models and deploying generative AI workloads, making it an attractive option for researchers seeking to push the boundaries of AI technology. Mitch Liu, CEO and Co-Founder of Theta Labs, expressed excitement about the partnership with Ewha Womans University, emphasizing the lab's commitment to advancing practical AI solutions. He highlighted that Theta EdgeCloud Hybrid and the mobile Android edge network are specifically designed to facilitate high-impact research that traditional cloud providers struggle to support effectively. As Ewha Womans University continues to build its reputation as a leading institution for AI research, this collaboration is expected to yield significant advancements in the field of artificial intelligence.

In recent weeks, the TAO price has garnered significant attention as Bittensor continues to lead discussions in the AI-driven cryptocurrency sector. Despite a strong social sentiment surrounding the project, the price dynamics reveal ongoing challenges. Currently, the TAO price is navigating a critical phase, caught between bearish pressure and the potential for recovery. Market conditions indicate that while social engagement is high, with 24.8K posts and 3M interactions reported in just 24 hours, this enthusiasm is not yet reflected in the price action. The recent performance of TAO has been concerning, with a decline of 1.2% in the last 24 hours and over 23% in the past month. The price chart indicates that TAO has struggled to generate positive momentum amid a weak broader market. Resistance levels between $460 and $480 have proven to be significant barriers, and in August, TAO fell below the critical support level of $358, shifting the trend towards bearish sentiment. Currently, the token hovers around the $320 support level, with risks pointing towards a potential retest of $301. Looking ahead, the Bittensor price prediction remains cautious in the short term, as bears may target deeper corrections towards the $200 support. However, the long-term outlook for Bittensor remains optimistic due to its role in decentralized AI infrastructure. The unique design of rewarding distributed computing power with TAO tokens continues to attract long-term believers. If the broader cryptocurrency market rebounds, it could shift sentiment positively, allowing TAO to stabilize and potentially recover, with bulls eyeing the $490 level as a target for the year ahead.