Connect with us

AI

Here’s why the TARS AI token price is soaring

Published

on


TARS AI, a Solana-backed artificial intelligence infrastructure provider, was one of the top-performing tokens on Aug. 20.

TARS (TAI) token rose by 14.45%, continuing an uptrend that began on Aug. 15 when it bottomed at $0.990. The token’s rise followed hints from developers about four new AI products they plan to release in the next 30-60 days in partnership with Google.

These products will be launched months after the network was accepted into Google’s Startup Program, which supports young companies. Other crypto projects in the program include Celo (CELO), among others.

This development comes two months after TARS AI developers launched a $2 million ecosystem fund to support developers within its ecosystem. It also aligns with the growing global popularity of AI projects. OpenAI has achieved an $80 billion valuation while Elon Musk’s X.ai is valued at $24 billion. 

TARS AI aims to replicate this success by bridging the gap between AI and Web3 worlds. The project’s infrastructure is designed to help companies and organizations build and deploy conversational applications.

TARS is one of the few blockchain companies that seek to become big names in the AI industry. Artificial Superintelligence Alliance (FET), the biggest one in the sector, was formed by merging Fetch, Ocean Protocol, and SingularityNET

Others, like Akash Network (AKT) and Render (RNDR), have built infrastructure solutions that let people share their Graphics Processing Unit. 

TARS rose after finding key support

TARS AI price
TARS AI token price | Chart by TradingView

TARS AI token rallied after it bottomed at $0.10, a level it failed to move below in June, July, and August. As it rose, the token also moved above the descending trendline that connects the highest swings since June 15.

TAI has flipped the 25-day moving average from resistance into a support level and has invalidated the descending triangle pattern. Therefore, the token could continue rising, with the next reference point to watch being at $0.17, its highest swing on July 26 and 25% above the Aug. 20 high.





Source link

AI

BEAM Foundation launches $40m initiative for AI and crypto computing

Published

on



Aethir, Beam Foundation, and MetaStreet have partnered to launch Tactical Compute, a $40 million initiative designed to meet the growing demand for computing power in artificial intelligence and blockchain.

The initiative leverages Aethir’s decentralized GPU network, Beam (BEAM) Investments, and MetaStreet’s DeFi infrastructure to create opportunities for monetizing compute resources.

Tactical Compute will operate under Tactical Compute Holding Limited, focusing on compute-related opportunities such as hardware financing, private yield arbitrage, and network bootstrapping, as detailed in a Beam Medium post.  

These efforts center on meeting the increasing demand for computing resources while integrating crypto-based innovations.

Tactical Compute plans to address this imbalance by finding profitable opportunities within the compute market. One example is “farming” Aethir (ATH) tokens, which is akin to earning credits for using Aethir’s GPUs, much like Microsoft’s Azure credits for its cloud infrastructure.

Industry backing and goals

The Beam Foundation is contributing $5 million to the initiative alongside notable backers, including the Sophon Foundation. 

According to Daniel Wang, CEO of Aethir, the partnership “positions us to unlock new opportunities in compute resource monetization and drive innovation in scalable AI and decentralized technologies.”

MetaStreet, through its development arm Permian Labs, brings its expertise in DeFi tools for financing GPU-powered nodes. Co-founder David Choi noted that Tactical Compute “builds on our foundation by addressing the growing demand for compute infrastructure, driving innovation at the intersection of crypto, AI, and infrastructure.”



Source link

Continue Reading

AI

Arbitrum One as the first layer-2 to reached $20 bilion in TVL

Published

on



Arbitrum, a cryptocurrency network, has announced on its official account that its layer-2 platform has reached $20 billion in total value locked (TVL).

Arbitrum on X’s post on Dec. 03 claimed that the first layer-2 platform could reach $20 billion in total value locked (TVL) or increase up to double-digit, which specifically rises 14.2%.

“Arbitrum One has just become the first L2 to hit $20 billion in TVL. We did this by inovating together, with the stage 2 horizon and ecosystem growth happening in all verticals, the sky’s the limit for how far we can scale. Accelerate,”

Arbitrum mentioned on the post.

According to L2Beat data, Arbitrum One achieved $20 billion in TVL with $6.64 in canonical, $5.32 billion in external, and $8.12 billion in native. This milestone also leaves the competitors behind, including Base with $12.4 billion, OP Mainnet with $8.56 billion, and Blast with $1.55 billion.

Arbitrum (ARB) is the highest native minted value on this platform, with around $4.3 billion, followed by USD Coin (USDC), with a value of $2.2 billion.

Stage 2 of Arbitrum One is still ongoing, and some issues need to be fixed: fraud-proof submission, upgrade unrelated to on-chain, and the security council’s action, which is not confined to on-chain.

Arbitrum boosting AI growth

Arbitrum Foundation also actively promotes the artificial intelligence (AI) industry; one of the support initiatives is a $1 million grant to Arbitrum Network. The Trailblazer AI Grant is an initiative for developers and creators who are dedicated to building AI agents on Ethereum layer-2.

This artificial intelligence also helps bring thousands of applications to Arbitrum and gives the opportunity to explore projects ranging from non-fungible tokens (NFT) to ERC20 tokens. Projects that are eligible in the process will receive $10,000 as a reward.

Besides that, this initiative to bring artificial intelligence to the Arbitrum would unlock the potential of layer 2.



Source link

Continue Reading

AI

AI bot transfers $50k in crypto after user manipulates fund handling

Published

on



An AI bot controlling $50,000 in crypto transferred the funds after a user successfully persuaded it to bypass its core directive: to never release the funds.

A user under alias p0pular.eth successfully claimed a $50,000 crypto prize pool after convincing an artificial intelligence bot named Freysa to transfer its funds, bypassing the bot’s primary directive to never release them. The victory, observed by software engineer Jarrod Watts, came after 481 previous attempts, all of which failed to persuade the bot.

The challenge, launched on Nov. 22, tasked participants with sending messages to Freysa in an attempt to convince it to release the funds. Each attempt required a fee. Of the total fee sum, 70% went toward the growing prize pool, 15% was converted from Ethereum (ETH) to the bot’s FAI token, and the remaining 15% went to the bot’s developer.

As the prize increased, the cost to send a message also rose, peaking at $450 per message.

Eventually, p0pular.eth — whose identity remains unknown — exploited a vulnerability in the bot’s internal logic for processing transfers by convincing Freysa that any incoming funds should automatically trigger the release of the prize. Once the message was sent to the bot, p0pular.eth successfully manipulated its logic for handling messages, causing the bot to transfer the entire pool of 13.19 ETH (approximately $47,000 at the time) to the user.

While some praised the emerging use of AI in the crypto space, others raised concerns about the protocol’s transparency, suggesting that p0pular.eth may have had inside knowledge of the trick or been linked to the bot’s development.





Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon