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A prominent crypto strategist, known as Bluntz, forecasts a potential new all-time high for the altcoin AI16Z, which has surged 16,190% in under three months, following a 50% correction. Meanwhile, Bitcoin is expected to drop to a support level before aiming for $90,000, as market sentiment shifts. Additionally, the AI-powered platform AIXBT is anticipated to continue its upward trend, completing a five-wave pattern.
Web3 creator platform Oh has secured $4.5 million in a seed funding round to enhance its AI-driven digital influencer product, OhChat, which is nearing 100,000 users globally. The funding will support the development of "superModels," autonomous AI agents designed to generate revenue and engage with audiences, leveraging collaborations with celebrities for broader reach. A utility token is set to launch in early 2025, enabling fractional ownership of these AI agents on the Solana blockchain.
Illuvium is set to enhance its gaming franchise by integrating the Virtuals Protocol, which utilizes the G.A.M.E large language model to improve NPC interactions. This partnership aims to create more dynamic gameplay across its three upcoming titles, with a focus on the open-world survival game, Overworld. The move reflects a broader trend in the crypto space, where AI agents are gaining traction as a new frontier for innovation.
A critical vulnerability in the Virtuals Protocol related to token pair creation on Uniswap V2 was discovered by security researcher Jinu, prompting a swift patch and plans for a bug bounty program to enhance security. The issue stemmed from a lack of validation in the Agent Token.sol contract, allowing potential exploitation of token pairings. In response, Virtuals Protocol implemented validation procedures and acknowledged Jinu's contribution while also addressing recent on-chain movements of its native VIRTUAL token, which has seen significant price increases.
The Virtuals Protocol has emerged as the largest AI agent creation platform, boasting a market cap of $4.6 billion, with its native token surging over 10,000% in October 2024. Meanwhile, ai16z, a decentralized hedge fund, has also seen its token skyrocket by 15,000% in just two months, highlighting the growing interest in AI-driven projects. However, concerns about the potential misuse of AI agents and the sustainability of their popularity linger as the market evolves.
Virtuals Protocol addressed a bug in its audited smart contract after a researcher, Jinu, reported the issue. Although the company initially lacked an active bug bounty program, it has since pledged to review the severity of the vulnerability and issue a reward for Jinu's discovery. The vulnerability could have hindered the generation of AgentTokens, prompting an immediate fix from the team.
Tether plans to launch an AI platform by March 2025, as announced by CEO Paolo Ardoino. This initiative comes amid a surge in AI-related discussions within the crypto sector, which accounted for 35% of conversations recently, following a peak of 51%. The company has also diversified its offerings with the launch of Hadron, a platform for asset tokenization.
The crypto market is buzzing with promising altcoins, including Wall Street Pepe ($WEPE), which has raised over $27.8M in presale, and Solaxy ($SOLX), Solana's first Layer-2 solution, already garnering $659K. Best Wallet Token ($BEST) offers users full control with advanced features, while Virtuals Protocol ($VIRTUAL) simplifies AI agent creation, recently hitting an ATH of $3.30. Investors are advised to conduct thorough research as prices are expected to soar.
DWF Labs has launched a $20 million fund to accelerate the development of autonomous AI agents in the Web3 space, offering up to $100,000 in cloud credits for qualifying projects. This initiative aims to integrate AI applications into decentralized networks, reflecting the growing influence of AI in the crypto sector. Applications are now open for projects across various industries, including finance, logistics, entertainment, and governance.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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