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An under-the-radar mission targeted on synthetic intelligence (AI) is defying the crypto market downturn as tokenomic improve plans start to take form.
The utility token for the AI agent mission ai16z (AI16Z) is buying and selling for $1.52 at time of writing, up 23.7% previously 24 hours.
With a market cap of $1.65 billion, the Solana (SOL)-based altcoin is the 79th-largest crypto mission.
In the meantime, Bitcoin (BTC) is down practically 2% on the day, buying and selling for $91,998 at time of writing. The complete crypto market cap is valued at $3.36 trillion at time of writing, down 3.4% within the final 24 hours.
The market energy of ai16z comes because the mission is proposing a brand new tokenomic plan that goals to extend the utility token’s worth by higher leveraging the advantages of the ecosystem’s AI agent referred to as Eliza.
“The primary problem is that whereas the Eliza agent framework is flourishing by way of adoption and technical innovation, the ai16z token presently lacks sturdy mechanisms to accrue worth, resulting in misaligned incentives. The companions acknowledge this wants to alter to maintain ai16z’s momentum…
General, there may be sturdy consensus that main tokenomic upgrades are urgently wanted to raised seize the worth that Eliza is creating. An official launchpad is the main proposal, however with wholesome debate on the main points and trade-offs.”
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Featured Picture: Shutterstock/jiang jie feng/Andy Chipus
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