As a researcher with a background in artificial intelligence and blockchain technology, I’m excited to see TARS AI (TAI) and AIOZ Network tokens among the best-performing cryptocurrencies on Friday. The rebound in demand for AI-related assets is an encouraging sign for the industry, and these two tokens have shown impressive gains.
On Friday, the cryptocurrency market saw significant gains from TARS AI (TAI) and AIOZ Network tokens, as investor interest in artificial intelligence (AI) surged. The peak price for TAI reached $0.2200, marking its highest point since June 16th.
Just as AIOZ Network bounced back to reach $0.60, its peak since June 15th, marking a gain of over 41% from its lowest point in 2023. Meanwhile, other AI-focused tokens such as Akash Network, SingularityNET, and Fetch experienced similar recoveries.
AIOZ Network vs TARS AI
TARS AI token burn
In the stock market, companies such as Nvidia, C3.ai, and AMD experienced significant gains, with their stocks climbing over 0.50% during this period.
After making several significant news announcements, the value of these tokens increased noticeably. Specifically, Tars, an AI infrastructure network based on Solana, revealed that it had destroyed 100 million tokens, which were valued at over $15 million. Approximately 10% of all existing tokens were represented by this amount.
In simple terms, a token burn is a process essential to the cryptocurrency sector. By sending tokens to an unreachable address, they are permanently eliminated from circulation. This action aims to boost a token’s worth by decreasing the total number of available tokens in the market.
Tars declared its intention to introduce .ai domain names onto the Solana platform, aiming to mimic the achievement of Ethereum Name Service (ENS) which has recorded millions of registrations over the last few years.
As a crypto investor, I’m excited about the recent announcement made by the project developers. They revealed their plan to introduce an AI fund, consisting of 10 million TAI tokens, which will be allocated to talented professionals in essential sectors such as DeFi, retail products creation, computation services, and finance.
As an analyst at TARS, I’m thrilled to share that our team is making a significant stride forward in the realm of artificial intelligence (AI) technology. We are proud to introduce the AI Fund, which will allocate a substantial $10,000,000 worth of STAI tokens towards establishing a cutting-edge AI ecosystem directly on the Solana platform.— TARS AI 🤖 (@tarsprotocol) June 14, 2024
AIOZ Network node upgrade
As the newest iteration of AIOZ Network’s AIOZ Node was unveiled by its developers, there was an uptick in the value of the network’s token. This upgrade came with a number of enhancements, one of which was the incorporation of transcoding functionality. With this feature, users are now able to engage in video transcoding tasks, where they convert video files into various formats.
If Bitcoin recovers and regains its footing above $61,000, it’s likely that the price increases of TAI and AIOZ will continue to be robust. Bitcoin’s previous efforts to rise have faltered at this level, leaving it stagnant for several days. Generally speaking, altcoins tend to follow Bitcoin’s trend.
Read More
- Cookie Run Kingdom Town Square Vault password
- Maiden Academy tier list
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Wizardry Variants Daphne tier list and a reroll guide
- Girls Frontline 2 Exilium tier list
- Chhaava OTT release: Where is Vicky Kaushal and Rashmika Mandanna’s film expected to stream after theatrical run? Find out
- Grimguard Tactics tier list – Ranking the main classes
- ‘Bachelor’ Co-Executive Producers Exit Franchise
- Tap Force tier list of all characters that you can pick
- Get Ready for the Meme Coin Revolution: Dawgz AI Leads the Pack
2024-06-28 16:52