The market has cooled down, and the heat of the AI sector has dropped to freezing point. BlockBeats has sorted out the dynamics worth noting in the AIxCrypto field last week, as follows.

Io.net postpones token TGE due to hacker attack

As TGE approaches, the highly anticipated Solana ecosystem AI + DePIN protocol Io.net is suspected of being hacked. On April 25, community user 826.eth said that hackers directly modified the names and online status of multiple io.net machines through the API to pollute the data. Currently, the names and online status of multiple machines have been modified. Subsequently, Ahmad Shadid, founder and CEO of io.net, responded in Discord that hackers could only change the user's device private name, and no one ran any new containers on the machine. The official is checking and will fix it as soon as possible.

The attack appears to have directly led to the postponement of the TGE of Io.net tokens. On the same day, the project announced in the TG group that "the trading platform requested the postponement of the TGE", and more details on the timing and method of token issuance will be provided later. The attack was regarded as a "retaliatory attack by airdrop hunters". Previously, io.net announced that it had banned a large number of virtual GPU accounts.

As the TGE Io.net Chief Security Officer Husky.io released an update on the io.net metadata API attack yesterday, and said that since all nodes will conflict with the reward plan snapshot time after restarting and updating to the latest client, Ignition Rewards Season 2 will be launched in May.

Menson Network Token MSN halved after opening

The market was cold, and the performance of new coins was not satisfactory. The Web3 bandwidth trading market Meson Network token MSN, which received financing at a valuation of $10 in January, was launched on OKX today. After hitting $10 at the opening, MSN continued to fall. As of the time of writing, it was quoted at $4.03, a drop of more than 50% in two hours.

Meson Network is a decentralized bandwidth market that aggregates idle bandwidth resources by providing users with a mining platform. The Meson mainnet was also launched today, and the project announced that it will begin airdropping mainnet tokens to all miners testing its mining system today. It is reported that its current miner scale is between 500,000 and 600,000. The airdrop will be carried out in different stages, and it will take about one to two weeks to complete the airdrop of all tokens. After the airdrop is completed, it will switch to mainnet mining.

Bittensor falls below $400, down 29% in the past two weeks

Since it was launched on Binance on April 11 and hit a high of $718, Bittensor (TAO) has been in a "falling" mode, falling 27% in two weeks, and is now $399 at the time of writing, back to where it was three months ago.

The community has been controversial about Bittensor. On the one hand, its incentive mechanism "theoretically" builds a competitive market for AI models, which is a typical example of empowering AI through Crypto technology; on the other hand, the subnet value of the Bittensor ecosystem has not yet been verified. The day before yesterday, Delphi Digital researcher @0xPrismatic, who had written an article to introduce Bittensor to the community, tweeted his new understanding and thinking of Bittensor, "I have not seen subnets that can do things that existing open source projects cannot do, nor have I seen any data showing that they outperform existing benchmarks." He even said, "Bittensor is flawed."

Aethir launches airdrop task to earn badges

As AI heat rises and falls, Aethir, which has not yet issued a coin, has completed the first wave of accumulation by selling nodes and hardware equipment, and is ready to go. On April 25, the decentralized cloud computing infrastructure project Aethir launched a community-oriented airdrop activity to earn points. Users can earn points and badges by purchasing nodes and completing Galxy tasks. As of the time of writing, more than 150,000 users have participated in the task, and this event will end on May 12.

Following io.net, Aethir has established partnerships with 7 projects this week, including Web3.0's artificial intelligence native operating system HemeraProtocol, node server provider easeflow, decentralized cloud smartphone APhone, Swiss blockchain infrastructure provider Luganodes, node service protocol NodeOps, L1 Hybrid focusing on AI models, and AI popular science game AI ARENA .

AIx Bitcoin L2 Eternal AI is about to hold TGE

On April 25, Eternal AI, a Bitcoin L2 focused on AI, announced that it will launch the mainnet on May 3 and launch the TGE of the token EAI, and the token trading will start on May 17.

The public sale of EAI was completed at the beginning of this month. According to the official website, the team raised more than 12 million US dollars this time. Eternal AI was launched by Bitcoin L2 network Bitcoin Virtual Machine. At that time, the price of BVM continued to hit new highs, and the market had high expectations for EAI. However, as the popularity of AI has weakened and BVM has also fallen sharply, it may be a wise choice for Eternal AI to set the token trading time two weeks later.

Two weeks ago, users who participated in the Eternal AI pre-sale and participated in more than $500 were eligible to mint the NFT series Runers launched by the BVM network. The floor price of this series exceeded 500U at its highest, but the current floor price is less than 150U.

AI game chain NIM Network mainnet is about to go online

On April 29, the Dymension-based AI game chain Nim Network announced that it will go online on the mainnet this Wednesday (May 1), and will also launch a token staking function. According to its token economics, the initial circulation of NIM is 18% of the total. The issuance rate of NIM tokens is set at an annual interest rate of 4%, half of which will be distributed as staking rewards and half will be locked in a community-managed pool.

NIM Network's airdrop was completed two weeks ago, accounting for 9% of the total tokens, including DYM stakers and game NFT holders such as Parallel and Pirate Nation, Pudgy Penguins community, Wolves DAO community and 9dcc community, as well as AI projects such as Ocean Protocol, Olas Network and Gitcoin community.

BlockBeats once introduced NIM Network in "Buff stacked, 12 "AI+GameFi" projects you should pay attention to". NIM Network has initiated the AI Game Alliance, whose members include the decentralized data sharing protocol OceanProtocol, the on-chain competition platform JokeRace, the Web3 social simulation game Today and the Polygon modular blockchain project Avail.

AI small-cap project "survivor" DeepSouth AI weekly increase of 70%

When market sentiment is low, the decline of new project tokens tends to be greater. Many small-cap AI projects that have had impressive gains have fallen by 50%-80% last week, but there are also survivors.

DeepSouth AI is an AI project that was born three months ago and "develops artificial intelligence applications with multiple functions based on encryption technology and using neuromorphic computing." Since it officially launched an interactive platform on April 22, its token SOUTH has risen by more than 70% in the past week.

It is reported that its visual AI function can read media data uploaded by users, generate descriptive text, and provide audio recordings. Users can choose from six unique voices to personalize their experience, including Elon Musk, Morgan Freeman, Whoopi Goldberg, David Attenborough, Miley Cyrus, and Margot Robbie. In addition, DeepSouth AI has launched an AI conversation feature that provides users with four different language models, including ChatGPT 4, Mixtral, LLaMA 2, and Taτsu.

However, after experiencing it, the performance of these features does not seem stable. SOUTH's market value has just exceeded $10 million. Whether DeepSouth AI can stand out among a group of falling AI projects remains to be tested by time.

"Imitation" Aethir opens node public sale

Recently, Xally, an AI project that inherits Bitcoin L2, announced the opening of a node public sale. According to reports, Xally's custom large language models (LLMs) designed for cryptocurrency applications provide functions such as automatic trading, smart contract auditing, and predictive analysis. By integrating with the Bitcoin Virtual Machine (BVM), Xally Chain claims to enable everyone to take advantage of pre-built AI modules and libraries, making it easier than ever to create AI applications.

Despite the integration of Bitcoin L2, Xally's node public sale is mainly for the Solana and Arbitrum communities, and the sales model is similar to Aethir. The Solana and Arbitrum communities have a total of 50,000 nodes, and the Tier1 price is 0.99 SOL and 0.049 ETH respectively. Node holders can get token rewards from the Xally project by running nodes.

Although it is at a stage low, AIxCrypto is still a hot topic that cannot be ignored in the encryption field in 2024. BlockBeats will continue to pay attention and update.

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