1. Market analysis
In the past 24 hours, the Web3 AI sector has increased by 1.97%, and Bitcoin has increased by 1.74% during the same period.
2. Project tracking
1. Performance of leading stocks
Today, the top ten leading stocks in the industry mainly showed a rising trend, with TRAC rising by 19.89% and NMR rising by 9.37%. WLD is joining Superchain, a network of multiple Layer 2 blockchains that share security, communication layers, and open source technology stacks. By joining Superchain, World Chain will be able to interact with other chains such as Base, Mode, OP Mainnet and Zora, thereby providing wider ecosystem support to users and developers. IQ recently announced its cooperation with NexaFusion, a company focused on blockchain technology and decentralized application development. The main goal of this cooperation is to promote knowledge dissemination and knowledge on-chain through technology integration.
2. Hot stocks
Today's hot stocks are Zignaly, Bittensor, and Internet Computer, and the leading gainers are PaLM AI, NEURALAI, and RSS3. Among them, PaLM AI increased by 21.3%. Palm AI is a multi-platform AI application system supported by Google that connects AI technology with Web3 requirements. Powered by $PALM, their innovative and user-centric ecosystem provides crypto users with a host of useful web3 tools, such as AI chatbots, NFT issuance, and token swaps in partnership with 0x Protocol.
3. Smart money trends
The projects with the largest inflows of smart money in the past 24 hours are PRIME, AIM, WLD, FET, and RNDR; the projects with the largest outflows of smart money are LNQ, SPEC, CVP, ORAI, and AIUS.
The projects in the top ten list of smart money holdings in this issue are SAGE, SHOG, HashAI, ENQAI, wTAO, AIUS, DEAI, NEURAL, basedAI, and QF.
3. Industry information
1.AI industry
l Alphabet is investing in autonomous driving: investing US$5 billion in Waymo to seize the opportunity
Alphabet announced that it will invest an additional US$5 billion in Waymo, its self-driving company. The investment will be a multi-year plan aimed at solidifying Waymo's position as a leader in self-driving technology.
This huge investment will support Waymo to continue to develop its autonomous driving software, expand services to new markets, and further enhance its technical strength and brand influence. Waymo currently provides commercial fully self-driving taxi services in San Francisco, Phoenix and Los Angeles, providing more than 50,000 paid rides per week.
The investment is also seen as Alphabet's response to competitors such as Tesla. Although Tesla has not announced the details of its self-driving taxi program, Waymo's move will undoubtedly consolidate its leading position in this field.
l SK Hynix invests US$6.8 billion to build AI chip production base
SK Hynix announced that it will invest 9.4 trillion won (approximately US$6.8 billion) to build a new semiconductor manufacturing plant in Yongin Semiconductor Cluster, South Korea. The factory is the first of four wafer fabs planned by the company in the cluster, and is expected to start construction in March 2025 and be completed in May 2027.
The Yongin Semiconductor Cluster is a large-scale chip manufacturing complex planned by the Korean government, covering an area of 4.2 million square meters. In the future, it will accommodate four chip factories producing next-generation semiconductors and more than 50 local chip companies. As one of the world's three largest memory chip manufacturers, SK Hynix has successfully seized AI development opportunities through its cooperation with Nvidia, and its second-quarter profits have reached the highest level in six years.
The company also plans to invest approximately US$3.87 billion in Indiana, USA, to establish advanced packaging factories and AI product R&D facilities. These moves will further consolidate SK Hynix’s position in the global semiconductor market, especially in the fast-growing field of AI chips.
2. Web3 AI
l The number of Network3 nodes exceeds 250k, and the integration of AI and DePIN leads a new trend
According to the latest data from DePINscan, the number of global nodes of the AI Layer2 project Network3 has exceeded 250,000, setting a new milestone. These nodes are widely distributed in 184 countries and regions including Europe, North America, and Southeast Asia.
Network3 has also achieved significant results in terms of financing. The project has completed US$5.5 million in pre-seed and seed round financing, attracting participation from well-known investment institutions such as Borderless Capital, EV3, IoTeX Eco fund, SNZ, Waterdrip Capital and Bing Ventures. The funding will be used to expand the team and further develop the technology stack.
In addition, Network3 is building a decentralized edge artificial intelligence infrastructure and plans to release physical mining machines in the next few months.
l Full-chain data network Chainbase received US$15 million in Series A financing, led by Tencent
With the development of blockchain technology, the amount of data on the chain has exploded, and data processing and cross-chain interoperability have become important challenges in the encryption field. The data fragmentation between various chains has made the development of applications such as AI, wallets and on-chain infrastructure more complex, and the market's demand for convenient access to data across the chain is growing.
Against this background, blockchain data network Chainbase announced the completion of a $15 million Series A financing. This round of financing was jointly led by Tencent Investment Group and Matrix Partners China, with participation from institutions such as Folius Ventures, Hash Global, JSquare, Mask Network and Bodl Ventures.
It is worth noting that this is Tencent’s first investment in the encryption field in nearly a year.
