Biteye AI Daily Report September 3

Today's zone market capitalization: $12.74B +2.37%

The market has rebounded moderately, and collaborations on on-chain AI projects continue to make progress.

24h Coingecko Trading Volume Top 10: Token Trading Volume Market Capitalization Price Volatility 1- $VIRTUAL $108.9M $690.3M $1.05 +3.2% 2- $FLOCK $88.7M $60.3M $0.27 +15.9% 3- $IP $73.6M $2.4B $7.84 +4.2% 4- $TAO $66.7M $3.1B $319.96 +3.0% 5- $AI16Z $55.4M $101.6M $0.09 +3.1% 6- $PROMPT $43.0M $37.6M $0.17 -0.3% 7- $KAITO $29.1M $250.1M $1.04 +2.6% 8- $ALCH $28.4M $77.0M $0.09 -4.4% 9- $AIXBT $26.8M $98.5M $0.10 +6.5% 10- $SAHARA $23.8M $203.6M $0.09 +2.6%

Key Information

1. Sentient @SentientAGI launched a new module Open Deep Search (ODS)

• What is ODS? A modular retrieval and reasoning framework that developers can use to create smarter AI systems. It can quickly find relevant content from vast amounts of information and then provide accurate answers through step-by-step logical reasoning.
• Strong performance: In complex tasks, ODS outperforms ChatGPT and Perplexity, showing exceptional results.
• Open source and transparent: All components can be inspected, modified, and extended, facilitating community collaboration and innovation.

Comment: Sentient once again demonstrates its leading strength in achieving transparency and efficiency in AI, looking forward to further implementation of the product.

2. KITE AI@GoKiteAI announced the completion of a $18 million Series A financing, with a total funding amount reaching $33 million.

• This round of financing is led by @PayPal Ventures and @generalcatalyst.
• Kite AI stated that this financing will be used to build the “AI Agent Internet” infrastructure and to incentivize the supply and consumption of AI Agent services through the “Proof of Artificial Intelligence (PoAI)” consensus mechanism, promoting autonomous interaction between AI Agents without human intervention.
• Currently, Kite AI has integrated with merchants such as Shopify and PayPal, enabling the AI Agent to automatically discover products and complete the purchase process using stablecoins.

Comment: As an AI-focused Layer 1 blockchain, Kite AI has found its positioning, focusing on the practical application and scalability of AI Agents, and has established preliminary collaborations with traditional enterprises. Overall, Kite AI has taken a key step in promoting the commercialization of AI Agents and the on-chain ecological connection. What is worth paying attention to in the future is whether it can continue to expand cooperation scenarios and truly achieve autonomous collaboration and a commercial closed loop for AI Agents on-chain.

3. Fraction AI @FractionAI_xyz has launched an AI Agent performance prediction market - ALFA

• ALFA (Agent Leaderboard For Alpha) has launched a batch of DeFAI Agents built on the NEAR Protocol. Each Agent has an initial fund of 100,000 USD and trades in real time in the crypto market while being ranked based on performance. Users need to predict and select the best-performing AI Agent of the day, and accurate predictions will earn rewards.
• Fraction AI has currently secured $6 million in funding and is a decentralized AI Agent auto-training platform running on the Base chain. Users can easily create AI Agents using natural language, allowing them to participate in competitions and generate high-quality training data (including text, images, audio, video, etc.) for the continuous training and optimization of AI models.

Comment: The prediction market sector has been continuously heating up recently. Unlike traditional methods that use AI to predict market outcomes, Fraction AI takes the actual performance of AI Agents as the prediction target, further stimulating competition and evolution among the AI Agents. As a project deployed on the Base mainnet and also utilizing NEAR's technical solutions, Fraction AI showcases the openness and cross-chain collaboration capabilities of on-chain projects.

Data source: @xhunt_ai, Cookie DAO, Coingecko

Risk warning: The above is for information sharing only and is not investment advice.