Market Metrics

Total Crypto Market Cap: down 1.4% at $2.52T
Total AI Sector Market Cap: down 6.1% to $28.34B

Top Movers (24 hours):

📈 Precipitate.AI (RAIN): up 7.8% to $0.006105
📈 Nuklai (NAI): up 4.4% to $0.009336
📈 Sensay (SNSY): up 11.2% to $0.0008525

Weekend News

🟠 Nounspace, the team building a Myspace inspired Farcaster client, has received ~2,341 stETH (~$8.3 M) deposited within 72 hours of being the first project to leverage Morpheus’ MOR20 platform.

🟠 zkSync’s ZK token claims went live today and the network experienced a lot of congestion… We hope you were able to claim!

Airdrop Radar 🪂

It's been a while since we've explored a promising airdrop opportunity... simply because we've been searching for a good one, and we've finally found one that seems promising!

Our airdrop radar identified Allora Network, as the team has just launched Phase 2 of their Points Program. Before diving in, let's take a quick look at what Allora Network actually is.

Allora Network is a Layer 1 machine learning network that incentivizes ecosystem participants (AI/ML engineers and data scientists) to contribute their models and research to the network. The goal is to crowdsource financial alpha that achieves a common objective.

These AI/ML contributors are rewarded for the quality of their contributions through Allora's unique Proof of Alpha consensus mechanism. Some current examples of campaigns for Topics (objectives that these committed ML models aim to predict) are:

• The price of ETH, BTC, & SOL within the next 10 minutes

• The price of ETH, BTC, & SOL within the next 24 hours

The team believes that the infrastructure they've shipped will enable much more sophisticated ML-based DeFi discoveries down the road in areas like ML-based MEV, risk management, and yield farming, once the network effects kick in and AI/ML engineers begin contributing more sophisticated models.

Now, the airdrop opportunity you've all been eager to hear more about. While the highest point rewards go to participants running Worker Nodes and contributing AI models to complete the current campaigns, the good news is that you don't need to have any technical knowledge to earn points.

There are numerous offchain tasks you can complete to get credit for your contributions, all of which earn different amounts of points:

• Community engagement and participation

  • Follow on social media, join the Discord server, participate in Discord

  • Volunteering as a moderator

• Marketing tasks

  • Create memes, social media threads, posts

  • Create infographics and designs

  • Translate documents into other languages

Access the full list of objectives on Zealy.

Here are the tasks we've completed so far:

• Join the Discord Server

• Interact in the Discord Server

• Follow on X

And here are some of the tasks we're still working toward:

• Create a social media thread

• Create a tutorial

• Write a non-technical article about Allora

• Setting up a worker node and contributing to a campaign (technical)

We are bullish Allora because we believe in the project's mission of creating an incentivization and coordination layer for AI/ML engineers to complete tasks specific to generating alpha in the DeFi space. This is one of the more prominent use cases for AI and its application to blockchains, which is why we are paying attention to serious projects in this subsector.

It does seem like the team is relatively new to the AI scene, however they raised an undisclosed round in February of this year from reputable backers like Polychain, Framework, and Blockchain Capital which . Additionally, there are very few projects out there with such thorough and easy-to-follow documentation that is helpful even for a non-technical person to understand.

❗️Important: As always, use burner accounts where possible (wallet, Twitter, email etc) and never conduct airdrop farming from your main wallet. Always do your own due diligence before deciding to interact with any project.

Meme of the Day

Ansem has been catching some insane heat lately as he has been yapping our bags to $0, claiming that $8 million is not a lot of money. CT is having a field day with it…