ALLO price

Weekly AI Edge #51 is out! Read this, then get back to enjoying summer: 🌈 Project Updates = @NillionNetwork's new Enterprise Cluster is live, with Vodafone, Deutsche Telekom, Alibaba Cloud, and stc Bahrain, aiming for a privacy-native internet. = @TRNR_Nasdaq, listed on NASDAQ, is raising $500M to build the biggest AI-token treasury on a US exchange, backed by ATW and DWF Labs. = @USDai_Official entered private beta with $10M in deposits for a yield model tied to tokenized Treasuries and AI assets. = @PondGNN launched AI Studio and Pond Markets to help AI projects grow and fund. = @Worldcoin launched native USDC and CCTP V2 on World Chain, enhancing transfers for 27M users. = @peaq and Pulsar launched a Machine Economy Free Zone in the UAE for AI-powered machine pilots. = @thedkingdao is deploying $300M with a sports-betting hedge fund via an on-chain DeFAI system. = @CrucibleLabs launched Smart Allocator to auto-stake TAO into top subnets. = @hyperlane introduced TaoFi's Solana-to-Bittensor USDC bridge, unlocking DeFi access for Solana, Base, and Ethereum. 🌴 AI Agents = @Virtuals_io released I.R.I.S., a Virtuals Genesis AI agent on Ethereum, for contract security alerts. = @TheoriqAI launched Theo Roo, an AI strategist for real-time on-chain efficiency. = @AlloraNetwork started a six-week Agent Accelerator with $ALLO grants for top agents. = @Gizatechxyz's Arma now integrates into Rainbow Wallet for yield tracking. = @Chain_GPT launched AgenticOS, an open-source AI for posting crypto insights using on-chain data. 🐼 Web2 AI = @MistralAI released Magistral, a multilingual model for domain-specific tasks. = @xAI and Polymarket are partnering to integrate Grok’s AI with prediction markets. = @OpenAI launched o3-pro, the new ChatGPT Pro model, with enhanced features. = @Yutori released Scouts, AI agents for personalized internet alerts; beta at = @Krea entered image modeling with Krea 1 in private beta, offering artist-grade output. + much more alpha in the full newsletter @cot_research (link in bio) h/t @issyadelaja

🪂 Airdrops that happened this week (19.05 - 24.05) You should be eligible for at least one! Check and claim now👇 ► SOON Check/claim your Airdrop here ► Boost Check/claim ► Farcaster x Celo 🔗 Check/claim your Airdrop in Warpcast wallet ► Distribute Check/claim ► ALLO Check/claim ► TEN Check/claim ► Sophon Check/claim ► Huma ⛓ Check/claim Did we miss any?

ALLO is a Bitcoin staking-based RWA asset solution that aims to provide an all-in-one investment protocol for fund managers and investors by combining real-world assets with Bitcoin. ALLO's core technologies include: RWA tokenization: Virtually any real-world asset (e.g. real estate, startup shares, etc.) can be tokenised through a special purpose vehicle (SPV). Bitcoin staking: Users can use Bitcoin as collateral to generate a liquid staking token, AlloBTC, thereby increasing the liquidity of Bitcoin. Potential lending features: ALLO plans to launch a collateral-based lending product that allows users to use pledged assets as collateral for loans. ALLO also optimises the management efficiency of tokenised assets, reduces transaction costs, and improves cross-chain interoperability through a proprietary RWA ledger. 3. Advantages and application scenarios of ALLO Simplify the asset tokenization process ALLO enables the rapid tokenization and trading of assets through on-chain technology, which greatly reduces the complexity and cost of traditional financial markets. Improve asset liquidity As a liquid staking token, AlloBTC not only enhances the utility of Bitcoin, but also provides investors with more investment options. Potential borrowing and earning opportunities Based on the lending function of staked assets, users can use their Bitcoin or tokenised assets to earn additional income. Cross-chain interoperability ALLO has been integrated with BNB Chain, further improving its compatibility and application scenarios in the Web3 ecosystem. Fourth, the market prospects and challenges of ALLO Market outlook According to the RWA industry analysis report, the total market capitalisation of the RWA market has exceeded $150 billion in 2023 and is growing considerably. ALLO, as one of the representatives of the Bitcoin RWA asset scheme, is expected to occupy an important position in this trend. Potential challenges Despite its significant advantages, ALLO still faces some challenges in its development, such as market volatility, regulatory policies, and the complexity of its implementation. 5. Investment Advice For investors interested in participating in the Bitcoin RWA market, ALLO is an option to keep an eye on. Here are a few tips for investing: Keep an eye on the market Investors should keep an eye on the Bitcoin price movement and the overall development of the RWA market. Diversify your portfolio While investing in ALLO, investors are advised to diversify their portfolios appropriately to reduce the risk of a single asset. Understand the underlying assets Before investing, investors should have an in-depth understanding of the underlying assets involved in ALLO and its tokenization process. 6. Summary The Bitcoin RWA asset solution, ALLO, provides investors with a new way to invest by combining real-world assets with Bitcoin. Its tokenization function, liquid staking tokens, and potential lending products make it have broad application prospects in the Web3 ecosystem. However, investors still need to fully understand the relevant risks and make rational decisions based on their own investment objectives before participating.