Market Metrics

Total Crypto Market Cap: up 3.8% to $2.41T
Total AI Sector Market Cap: up 22.6% to $23.9B

Top Movers (7 days):

📈 NodeAI (GPU): up 30.5% to $1.47
📈 Bridge Oracle (BRG): up 20.4% to $0.0009932
📈 Ispolink (ISP): up 41.9% to $0.0038

Daily News

🟠 Autonolas released details on its “Airdrop Framework,” which aims to assist projects with their token drops. The Airdrop Framework helps teams access data about their user groups and insight on specific behaviors most important to their ecosystems.

🟠 Akash has upgraded to Mainnet 11, which updates to AuthZ to improve management and tracking of authorized AKT and simplifies the grant process for deployments.

🟠 0G Labs has partnered with Talus Network, a decentralized Smart Agent platform, to enable agents on Talus to access 0G-based AI models and datasets.

🟠 Eternal AI (EAI) TGE is live. Public sale investors can now claim their tokens. EAI trading onchain is estimated to be enabled on May 17.

🟠 Kaito.AI released its “Overheard on CT” Telegram channel, which uses AI to index X posts gauging sentiment around popular narratives and tokens. You can access the channel here.

🟠 Aethir has partnered with Magic Eden to become the NFT marketplace for Aethir’s gaming clients.

Highlights of the Week

Sturdy Subnet Launches On Bittensor

This week, Sturdy Subnet, a specialized subnetwork focused on creating decentralized, autonomous yield optimizers, launched on Bittensor subnet 10. These optimizers strategically deposit assets into pools with unique interest rate curves to maximize yields.

Miners within the Sturdy Subnet are responsible for developing algorithms that efficiently distribute assets across the available pools to maximize yield. Validators then assess the performance of these miners, using the generated yield as the primary performance metric.

The Sturdy Subnet's outputs will be utilized by third-party applications to manage real-world assets on the Ethereum network. The @SturdyFinance protocol is the first application to leverage the Sturdy Subnet's capabilities. From its launch, the subnet is set to handle the allocation of over $10 million across various lending pools, marking a significant step forward for the DeFi sector.

If you are interested in having your funds allocated to a yield optimization strategy determined by AI, you can explore aggregators like Sturdy Finance. The top aggregator is currently yielding 32.5% on crvUSD on Ethereum.

Aethir Token Launch Approaches

Aethir is gearing for the launch of its token ATH and has outlined the ATH token’s utility and tokenomics. Aethir has attracted a lot of attention recently due to the narrative surrounding decentralized physical infrastructure (DePIN) projects heating up, as evidenced by the success of its node sale back in March.

The project aims to take advantage of the growing demand for GPU resources in AI, machine learning, and gaming by pooling underutilized GPU power from idle devices worldwide. ATH will be used to reward Checker Nodes and Containers for their services, enable community governance, and serve as the economic unit facilitating the growth of Aethir's infrastructure.

The Aethir network consists of three key components: Checker Nodes, Indexers, and Containers. Checker Node operators will earn 10% of the total ATH token supply, with an additional 5% available for nodes meeting exceptional performance requirements. Aethir has also introduced the Aethir Edge, a hardware device that allows users to contribute their excess GPU power to the network in exchange for ATH token rewards, with operators set to earn 23% of the total supply over time.

Before the token generation event, Aethir is conducting an airdrop campaign, which you can participate in by completing some tasks and earning badges which will equate to a token allocation. Read the full blog post here.

DHS Establishes AI Safety and Security Board

The Department of Homeland Security (DHS) has announced the establishment of the Artificial Intelligence Safety and Security Board to advise on the safe and secure development and deployment of AI technology in critical infrastructure. Ironically, it could do the exact opposite.

The Board includes 22 representatives from major companies in AI, tech, air transport, and petroleum, as well as some individuals with academic, political or civil rights backgrounds. The Board’s focus is developing recommendations to help critical infrastructure stakeholders responsibly leverage AI technologies and prevent AI-related disruptions to essential services.

The list of Board members notably lacks representation from the decentralized and open-source AI community. This absence is particularly concerning for those that understand the value of open-source and decentralized AI solutions. The centralized nature of the AI companies represented on the Board may lead to biased, opaque, and potentially unsafe AI development and deployment.

Failing to include these voices may result in recommendations that prioritize the interests of centralized AI companies over the broader public good, potentially undermining the Board's mission to ensure the safe and responsible deployment of AI in critical infrastructure.

Meme of the Day

ummmmmmmm….. hmmmmm….. the USD is going to absolutely zero 😂

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