Market down — but exciting stuff are still happening
- $MANEKI going live in about ~3 hours. People already spent their points on $ARBUS, the launch turned out pretty successful w/ decent value per points ($0.025 - $0.030 per point).
With Maneki, I think we're gonna see only moderate hype (30m-40m total points spent, requiring 400k-500k point spent for full allo) but good payout if it runs $3m-$5m MC
- Been pretty low-key hidden but $MUSIC dropping its Music IP tokenization platform today, partnership with @StoryProtocol. LP denominated in $MUSIC pairing for every IP launched thru Music.
Platform aims to democratize access to music creation through AI while tokenization / IP management allows creators to monetize their music & enable the community to own a piece of the music as well
(There's this growing trend of an AI agent project on @virtuals_io running their own launchpad vertical inside of Virtuals — @SamIsMoving / @frodobots robotics launchpad, @niyoko_agent image gen model launchpad, @MusicByVirtuals Music IP launchpad. Players that execute the distribution game well + have good partnership, content& launch pipeline tend to experience good value accrual on the main token)
- $BIZ goes live in a day. This is going to be pretty hyped due to "Top 3 Virtuals Hackathon" tagline. Core product Buzzy is also pretty interesting, they're offering an alternative to Polymarket, leveraging the social layer for prediction markets creation (instead of relying just on a few PhD guys). They also have their own liquidity model "BLP Vault" which is used to actively market make small-scale / thin liq markets.
Probably best to wait until the last 30 mins to gauge the hype if you're thinking of aping.
- $GIZA / @gizatechxyz the #1 autonomous stablecoin / financial agents will have its TGE tomorrow. $3M assets under agents (AUA), w/ over $32M in vol generated. (Their TGE teaser video just dropped as well)
$GIZA TGE will set the trends for DeFAI players in stablecoin / yield farming strategies. We'll get a clearer bench mark on AUA (or TVL) metric vs FDV. Potential tailwind for players like @FungiAgents which currently has $100k+ TVL
- @cookiedotfun about to drop v1 (any time now) with deeper sentiment & on-chain analytics & UI/UX improvements. This major update has yet to be reflected on $COOKIE
- The most massive update that we had today is from @virtuals_io where recognized staking agents (RSA) will actually require at least 14 days staking (instead of simply holding the token for points). This change will likely offer more price stability to top agent tokens as investors have to be aligned (stake) to earn points
Despite the market downturn, momentum is building across several key projects w/ catalysts looming around the corner (really no shortage of action in this space lol).
Make sure to stay vigilant / stay locked in cuz these plays could flip any moment.
Some random weekend thoughts/colors on the market
On Virtuals eco,
- $ARBUS got full endorsements from @virtuals_io — 42k $VIRTUAL injection into $ARBUS and airdrop to veVIRTUAL stakers. The Genesis re-launch will be extremely hyped w/ points required to get full allo likely shoot up to 2m-3.5m points
- Not gonna be worth it for participants from value per points perspective. People will end up spending majority (if not all) of their points on $ARBUS, leaving minimal points for upcoming launches. If you wanna ape, better wait until the last 30 mins to gauge the hype / points. Other 2 plays that I'm interested in are $MANEKI and $BIZZY
- Majority of mindshare concentrated on new Genesis Launches atm due to the constant hyped 5-20x runners. Most Genesis Launch projects quality remain sub-par ➙ trading activity largely predicated on hype, the need to hold for more points, and to avoid TP jeet jail
- The dynamic will shift at some point as whales TP & rotate their capital into $VIRTUAL and higher quality / top agents that are championing their verticals e.g. $BIOS, $BILLY, $SAM as well as leading agents on other eco.
tl;dr -> Hype at unprecedented level due to trading structure (points-based, low MC micro-cap w/ high pumpability) ➙ inevitable capital rotation / flight to quality as soon as the cost to TP diminish
On Bittensor eco,
- A clear pattern emerges, whoever bridges $TAO with EVM & Solana get the traction (and the pump)
⇢ $TAOBOT went from $10m to $50m MC despite wrapped alpha tokens (not native dTAO)
⇢ @SturdyFinance's SN10 alpha token went up 2x in a week as Taofi bridging outside capital to native alpha get introduced
⇢ @ChasmNetwork's Taocan dTAO TG trading bot promising something similar, $CAI starting to grind up 50% last week
- @LayerZero_Core is live on Bittensor network. Unclear how the interoperability will work here (but I hope the improved interoperability allows outside capital to easily bridge to Bittensor network)
- @taofuxyz introduces subnet owners emission tokenization (into Subnet Seeds), giving subnet owners with the ability to raise w/o selling their alpha tokens while investors can get a stake on subnet owners future emissions (18%).
- @JosephJacks_'s ability to build in public, yapping extensively + Taoapp + @taohash SN14 PoW product skyrocketed the subnet to Top 3 spot in a very short amount of time. No other teams (besides Rayon ofc) seem to be able to achieve similar feat yet.
(Again, I really think TAO eco is in need of Kaito Yapper layer that incentivizes yapping across all subnets. Hell, you can set up your own system using Kaito public API lol)
tl;dr -> More roads to $TAO and more avenues to sustain dTAO subnet tokens price
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