🌵 The Intersection of Crypto & AI 🌵

Big Brain Breakdown

Market Metrics

Total Crypto Market Cap: up 0.7% to $2.59T
Total AI Sector Market Cap: down 3.2% to $33.12B

Top Movers (24hrs):

📈DeepBrain Chain (DBC): up 22% to $0.004147
📈Arc (ARC): up 22.3% to $0.02965
📈Carbon Browser (CSIX): up 14.1% to $0.03385

Daily News

🟠 Aethir has launched its mainnet and ATH token, implemented staking with additional rewards from AI/gaming partners, is conducting an airdrop distributing 630M ATH tokens, and introduced stATH and veATH tokens for transferability and tracking rewards.

🟠 io.net’s native token, IO, is live for trading.

🟠 According to DeFi Mochi, the upcoming AO token launch on June 13th could see its fully diluted value (FDV) range from a base case of $800 million - $1.2 billion (40-60% of Arweave's FDV) to an optimistic case of $4-6 billion (matching projects like Opentensor and DFINITY) or even a bull case potentially exceeding $20 billion, given AO's parallel processing capabilities built on Arweave.

🟠 The Artificial Superintelligence Alliance has postponed the merger of AI-themed coins FET, AGIX, and OCEAN from June 13 to July 15 due to technical constraints and regulatory requirements, as announced by Fetch AI CEO and alliance chairman Humayun Sheik. Sheik stated that the teams are working with centralized exchanges to finalize the remaining steps.

🟠 Arthur Hayes has joined Covalent, a blockchain data infrastructure startup, as a strategic advisor. He aims to help Covalent become the leading data infrastructure provider for Ethereum and AI, leveraging their Ethereum Wayback Machine that ensures persistent access to historical blockchain data.

🧠 Big Brain Breakdown

We are back with another BBB!

Inspired by Sami Kassab’s latest piece, today we hit on decentralized computing marketplaces and the lack of standardization in regards to the total computing capacity committed to these marketplaces.

Take a peak at some of the key takeaways below, but of course, do not forget to read the full piece.

Add to your knowledge base, and check it out 👇

Key Takeaways

• The decentralized computing marketplace sector lacks a standardized metric that measures a marketplaces total computing capacity, making it difficult for investors to accurately assess the value of these projects.

• Sami Kassab proposes using FLOPS (Floating Point Operations per Second) as this standardized metric. FLOPS is widely recognized in high-performance computing and can provide a clear, hardware-agnostic measure of computational capacity.

• FLOPS can accurately represent the computational capacity of diverse hardware, including GPUs, CPUs, and specialized accelerators like TPUs and FPGAs. This standard helps users assess the feasibility and cost of tasks like AI and ML workloads in real-time.

• 6079’s Proof of Inference Protocol (PoIP) is one solution that can be used to verify and record FLOPS onchain, ensuring transparent and accurate reporting of computational resources through cryptographic proofs and game-theoretic mechanisms.

• FLOPS should be complemented with additional metrics such as benchmark scores for AI/ML workloads, memory bandwidth, and energy efficiency to provide a complete picture of computational resources. This combination ensures a robust and sustainable growth of decentralized compute marketplaces.

• The adoption of standardized metrics like FLOPS benefits users by providing clear insights into computational capabilities, aids investors in making informed decisions on the value of a project’s marketplace, and supports legitimate projects by highlighting their true value, thereby weeding out low-value, vaporware projects.

Meme of the Day

What stage of the cycle is this…. ?