Author: Direction – Xiaobailong
Last year, AI tokens played a significant role in public fundraising, leading many to believe it was a cycle of AI merging with cryptocurrencies. However, in recent months, the AI token rankings have shown a downward trend, with many tokens dropping 25%-50% from their local highs.
Indeed, this is not necessarily cause for concern. During a bull market, pullbacks are a normal occurrence and can contribute to long-term performance. This article will explore how to approach AI and enhancement.
Render x Apple
At last year’s WWDC conference, Apple introduced its new AI feature suite – Apple Intelligence, compatible with all devices. While it’s not surprising that major tech companies are venturing into the AI field, what truly stands out is the latest OctaneX displayed on the new iPad Pro. This 3D design software is supported by Render Network, showcasing Apple’s innovation in AI and design software.
OctaneX harnesses the decentralized GPU of Render Network, enabling Apple users to access unprecedented rendering capabilities. It’s like creating Hollywood-level CGI on an iPad – a collaboration between Render and Apple that is making waves.
The integration with Apple is a significant win for Render, validating their technology and vision. Apple is essentially saying, “Hey, this Render Network thing is legit!” This recognition could attract a large number of developers and creators to join the platform.
With the release of new Apple software in recent years, this could be a catalyst for Render, unlocking a vast new user base. Furthermore, more users utilizing OctaneX will increase the demand for Render services, thereby boosting the value of the RNDR token. We’ve seen a price increase after the news release, which could be a sign of things to come, so keep a close eye on Render’s developments.
Subnet Tokens on Bittensor
One of the main criticisms of Bittensor is that only a few validators decide on the distribution of TAO rewards between subnets. The BIT1 proposal, known as Dynamic TAO, aims to address this issue.
Dynamic TAO is one of the most notable proposals by Bittensor, initially introduced last year. It brings significant changes to the network.
Empowering TAO holders: Currently, only a few validators can decide how to allocate TAO rewards to subnets, which is unfair and susceptible to influence by a minority entity. Dynamic TAO changes this by allowing all TAO holders to participate in reward distribution. Everyone can influence the allocation of AI resources – a future that Bittensor is dedicated to building.
Dynamic market for subnets: With Dynamic TAO, each subnet will have its own token, with its value determined in an open market. This encourages subnets to provide clear AI services and excel. No more idle subnets – only the most skilled subnets will thrive over time. This also adds a speculative element to Bittensor, making network participation by TAO holders more gamified, and choosing a subnet will never be the same.
Dynamic TAO is currently in testing and expected to be fully launched soon. Introducing encryption at the subnet level could be a common catalyst for Bittensor. This is a significant step for Bittensor, giving token holders and subnets a real voice in shaping the future of decentralized AI.
User-Centric AI on NEAR
Remember the meme about the meeting of the NVIDIA founder with the NEAR founder and the arm wrestling? Recently, NEAR announced its next phase plan: to transform NEAR into a paradise for user-centric AI.
This is not just hype. The NEAR Foundation is taking concrete actions. They are establishing a dedicated research lab (NEAR.AI) and bringing together leading AI talent to develop AI and crypto applications. Additionally, they have set up an incubator and investment arm to support the development of AI projects.
On one hand, they are building the infrastructure needed by developers to create user-driven AI applications. This includes data collection tools, mechanisms to reward creators, and monetization tools. At the same time, they exhibit enthusiasm for the AI field.
NEAR’s focus on “user-centric AI” has become a key driving force for development. The team believes that with their existing user base, resources, and financial strength, they can become a recognized talent by users.
Conclusion
Despite recent market adjustments that may be disheartening, the AI and crypto space remains vibrant. Projects like Render, Bittensor, and NEAR are each tackling their unique challenges and gradually making strides.
However, these are just a few of the many initiatives. At this current intersection, remarkable commodities are rapidly emerging as they continue to develop valuable assets.
Additionally, there are other users interested in OpenAI, hoping to participate; Nvidia’s revenue is soaring. The company plans to invite AI industry participants from around the world to drive the transformation of the entire AI industry together.
Therefore, the question is not whether AI and crypto will become significant, but how significant they will become. While the future may still be uncertain, one thing is for sure: the future will be extraordinary.
