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Daily Brief

How We Can Own AI

gm Bankless Nation, the age of AI has eaten up a lot of our collective data, but can we change the equation for who earns training data profits?
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Oct 18, 2024 β€’ 3 min read
How We Can Own AI
Published on Oct 18, 2024
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Sponsor: Cartesi β€” Discover the power of Linux for your ambitious dApps, only on Cartesi.

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NEED TO KNOW
Stripe's New Crypto Play?
  1. πŸŒ‰ Stripe May Acquire Stablecoin Platform Bridge for $1B. Stripe's reported interest could take the fintech giant even deeper into the crypto world.
  2. 🐦 EigenLayer's Twitter Gets Hacked to Promote Fake Airdrop. EigenLayer's official account on Twitter was compromised Friday.
  3. πŸ“± Freedom Factory Debuts dGEN1 Ethereum Mobile Device. The team behind the ethOS operating system just unveiled their new mobile Ethereum hardware device.
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MARKET VIBES
Moving Higher

πŸ“Έ Daily Market Snapshot: BTC and ETH are both closing out the work week in style, with bitcoin flirting with $69K on Friday while ether prices nearly reached $2,700. The week's biggest loser? Sky Protocol's MKR which has fallen 12% amid continued skepticism around the protocol's grand new vision.

Prices as of 5pm ET 24hr 7d
Crypto $2.34T β†— 2.0% β†— 6.8%
BTC $68,495 β†— 2.2% β†— 8.7%
ETH $2,644 β†— 1.7% β†— 7.5%
ENA $0.424 β†— 10.1% β†— 25.9%

🟒
New Token Rating: Ethena sharply declined in the months following its airdrop but has been one of the best-performing tokens since early September. Why are we finally giving a cautious green light to ape ENA?
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ANALYSIS
How Vana is Pioneering User-Owned AI Models
Bankless Author: David C.

AI researchers have hit a "data wall," where publicly available internet data is no longer enough for large-scale model training. 

Vana was created to tackle this growing problem. Vana’s EVM-compatible blockchain allows users to pool their data in Data DAOs, empowering them to earn rewards and gain ownership in the AI models built from their contributions.

In this article, we’ll explore the upcoming L1’s architecture, key features, and the Data DAOs already building on top of the network that may fundamentally affect how AI is built and how users benefit from the value their data creates.πŸ‘‡


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INVEST
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Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! πŸ‘‡

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.