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Daily Brief

Why Crypto Wants AI Swarms

gm Bankless Nation, markets bounced back after a couple days of grim price action, and crypto investors are making big bets on blockchain-based AI plays.
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Dec 11, 20244 min read
Why Crypto Wants AI Swarms
Published on Dec 11, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Ripple's Big Win
  1. 📈 Ripple’s RLUSD Gains Regulatory Approval. Ripple's stablecoin got the sign-off from New York's top financial regulator.
  2. 💸 Coincheck Parent Company Breaks Ground With Nasdaq Listing. The Japanese crypto exchange is the first to be listed on the Nasdaq.
  3. 🟢 Circle and Binance Partner to Boost USDC Adoption. USDC gets a big vote of confidence.
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MARKET VIBES
Back Above $100K

📸 Daily Market Snapshot: Crypto markets rebounded Wednesday, with BTC climbing back into six digits. Investors also returned to altcoin bets that were down bad earlier this week, bidding up VIRTUAL 24% to new all-time highs as AI Agent fervor continued to take over Crypto Twitter.

Prices as of 7pm ET 24hr 7d
Crypto $3.62T ↗ 5.1% ↗ 0.6%
BTC $101,196 ↗ 4.7% ↗ 2.3%
ETH $3,828 ↗ 5.5% ↘ 0.3%
BULLY $0.122 ↗ 42.7% ↗ 14.5%

📗
New Token Rating: Dolos_diary has been gaining traction on Twitter with its sharp, sarcastic, and humorous tweets. But can it translate this attention into real value for its users and token holders?
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ANALYSIS
AI Swarms: The Future of Decentralized Agent Networks
Bankless Author: David C.

In just the past several weeks, we've witnessed a Cambrian explosion in crypto AI agents, with hundreds of new personalities emerging with unique purposes, all built atop a myriad of similarly fresh frameworks.

For these agents, the next “leg up” in their development will happen when they start cooperating, forming swarms of complex autonomous systems. Instead of relying on one large, monolithic model, the coordinated approach of swarms of smaller, specialized agents can enhance efficiency, adaptability, and scalability, driving the overall potential of this new paradigm forward.

Let's explore what AI swarms are, why they matter, their potential applications, and some of the key projects shaping this field 👇


FRIEND & SPONSOR: MANTLE

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LATEST POD
Exploring AI Agents with ai16z's Shaw

What is the role of AI in crypto, and how will it shape the future?

AI agents are taking the crypto world by storm, introducing unprecedented scale and efficiency to Web3. At the center of this revolution is Shaw, the creator of the Eliza framework and ai16z DAO, a groundbreaking initiative that’s reshaping decentralized investments. The ai16z DAO has rapidly gained traction, becoming the #1 trending GitHub repository last month, with over 3,300 stars and 880+ forks.

In this episode, we explore how Shaw and his team are leading a community-driven, open-source movement to integrate AI and crypto. From managing DAOs to bridging Web3 with real-world applications, we dive into how the Eliza framework is setting the groundwork for a potential AGI future. This is more than just an AI experiment—it’s the beginning of a new paradigm for both industries.

Listen to the full episode 👇

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LEARN
What We're Reading

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.

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