A critical bug in the SuperRare staking contract allowed an attacker to drain $730,000 in RARE tokens.
Summary
SuperRare lost $730,000 to a hack. Attackers targeted its staking contract. Critical bug enabled anyone to take ownership. Crypto hacks continue to plague crypto protocols. On Monday, July 28, a critical vulnerability on the NFT platform SuperRare (RARE) enabled attackers to steal an estimated $730,000 in RARE tokens. According to several crypto security platforms, including Blockaid, the attackers targeted one of SuperRare’s staking contracts.
In particular, attackers targeted the RareStakingV1 staking contract, which suffered from a critical vulnerability in its code. Subsequent analysts showed that the RareStakingV1 contract had a bug that enabled anyone to pass the verification and take over the contract.
X post by Raz Niv, co-founder and CTO of Blockaid, explaining the SuperRare hack | Source: X After the attackers managed to take control of the smart contract, they transferred the assets to their wallets. Still, blockchain security experts stressed that the attack only the staking contract, with the NFT marketplace and the RARE token remaining unaffected.
SuperRare token dips 6% after the hack Following the hack, the SuperRare token dipped 6%, from its daily high of $0.0617 to $0.05815. Still, the token remains above its weekly lows and is still up 13% from the month prior. This is likely due to the fact that the vulnerability affected only a small fraction of the assets on the marketplace.
Currently, RARE has a market cap of $48.01 million. According to DappRadar, the SuperRare marketplace has a lifetime volume of $249.71 million, with 6,120 individual traders. Still, volumes in the NFT marketplace took a significant dip in recent years. Over the past 30 days, the platform registered just $2,120 in sales, with the average sale falling under $450.
SuperRare's new ERC-20 tokens treat onchain market state as a creative primitive.
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SuperRare has long been a force in cryptoart. I have NFTs I collected there in January 2020 that I still hold and cherish to this day.
Yet amid the ongoing bear market, it's a good time for veteran projects to explore new approaches. For their part, SuperRare has begun leaning into networked art, beginning with Liquid Editions.
If you don't know what either of these things are, SuperRare's 124.eth wrote a good introduction last week, "A New Era of Networked Art."
In that post, he explained:
SuperRare is aiming to "deepen the experience for the collectors who are already here, and [...] lower the cultural cost of entry for everyone else."For this, the team is leaning into networked art, which "treats the network as part of the canvas [...] where participation matters, meaning can change over time, and the audience is not only viewing but also shaping the social reality around the piece."SuperRare's first rollout here will be Liquid Editions, which "treat the onchain market state as a creative primitive. Not finance for its own sake or a wrapper to pump liquidity, but a new vocabulary for participation, circulation, and collective behavior with art at the center."That explains the basics and the rationale of this vision. But we already know more about the technical details and the first drop, too.
Something entirely new is coming to @SuperRare.
Introducing Liquid Editions: a new primitive where ERC-20 tokens function as living, generative artworks.
We are proud to kick off this era with "Value Discovery" by @ripe0x.
Thursday, March 5th @ 12:00pm ET. 🧵 pic.twitter.com/zt6dSamJvn
— SuperRare (@SuperRare) March 3, 2026 Specifically, Liquid Editions will be generative artworks that use fungible ERC-20 tokens instead of NFTs as their vessels. The token's own market behavior, like trades and transfers, determines what the art looks like at any given moment.
In other words, there's no static image file underlying these tokens. Instead, a smart contract serving as an onchain renderer will read the live market state and paint the visual outputs from that.
The artwork is essentially a function of its own economic activity, recomputed continuously, always on.
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And the good news is we don't have to wait for long to see Liquid Editions in action. The first launch using this primitive, slated for March 5th at noon ET, will be Value Discovery by ripe (whom you might recognize from their recent excellent To Be a Machine drop).
As SuperRare explained: "The project explores a profound parallel: how image processing discovers 'brightness' through error, and how markets discover 'price' through disagreement."
To make that theme concrete onchain, the plan for Thursday is that ripe will launch two liquidity pools, each with distinct fee tiers, for one token.
That fee disparity creates a persistent price spread between the two pools, and the onchain renderer reads that spread as its input to create a degraded, shifting dollar bill image.
Now, it's true we've already seen fungible art experiments before like DN-404 hybrid NFT + ERC-20 combos, fxhash Art Coins, Zora content coins, etc.
But in each of these cases, there's some element of abstraction or separation. DN-404 coins run in parallel to their NFT counterparts, Art Coins complement and evolve their collections, and content coins are tied to external media.
There's nothing wrong with any of these things. In fact, fxhash's Art Coins are quite innovative. But what I find interesting about Liquid Editions is that the coins are the thing.
They aren't counterparts, or divisible complements, or representative of anything outside of themselves. They are the art, or in the very least, an indivisible part of the art.
Whether it's NFTs or ERC-20s, I think ownable programmable art like this that is always generated in real-time and can always be interacted with and participated in represents a new medium in the art world and the future of art in the Ethereum ecosystem.
Plus, ripe is a superb onchain artist and a fine pick to usher in this new Liquid Editions era for SuperRare. Keep your eyes peeled for the drop on Thursday if you're curious.
SuperRare has launched Liquid Editions, generative art that adapts in real-time to market dynamics.
NFT marketplace SuperRare has launched Liquid Editions, which are ERC-20 tokens with embedded liquidity pools, enabling artworks to evolve based on live market data.
The debut piece by artist Ripe visualizes the friction and discovery of value in real-time, offering collectors a dynamic experience tied to market conditions. This new medium allows artists to use on-chain data, such as price and depth, as creative inputs, introducing a novel way for art to interact with the financial ecosystem.
Liquid Editions are designed to integrate with SuperRare's existing "Cultural Liquidity Stack," which includes 1/1 artworks and community-focused ERC-1155 tokens.
A unique aspect of Liquid Editions is the ability for artists to issue companion ERC-721 NFTs, serving as distinctive visual “lenses” over a shared market state. This feature allows artworks to morph in real time, responding to collectors' trading activity.
As the digital art world evolves, SuperRare's Liquid Editions are a novel way to integrate real-time financial data into the creative process, offering a glimpse into the future of art in the blockchain era.
This article was generated with the assistance of AI workflows.
PANews reported on January 29th that Chris Grisanti, Chief Market Strategist at MAI Capital Management in New York, stated that today's Federal Reserve statement and press conference were noticeably hawkish. The description of economic activity was upgraded from 'moderate' to 'solid,' while wording regarding downside risks to employment was removed. At the press conference, Powell stated that after a period of weakness last year, the employment situation has 'stabilized.' Inflation, while stabilizing, remains 'slightly high.' Overall, the Fed's focus has shifted from unemployment to inflation. I don't believe there will be a rate cut in the short term. Furthermore, given the strong market performance and continued economic strength, I don't think there will be a rate cut in 2026, a stance that is more hawkish than current market expectations.
In brief Microsoft’s MAI-Image-2 is a new state-of-the-art AI image generation model The model puts Microsoft in as the third-best AI lab on the Image Arena leaderboard thanks to its strong realism and text rendering. Strict filters, usage caps, and missing features currently limit real-world usefulness, however. Microsoft has been quietly building its own image generator. Announced Thursday by the company's AI Superintelligence team, MAI-Image-2 has already landed at #3 on the Arena.ai leaderboard—behind only the models from Google and OpenAI—making Microsoft a legitimate player in a space it had previously outsourced to its partners.
That last part is worth sitting with. Microsoft has been paying OpenAI billions to power Copilot and Bing Image Creator. Building a competing image model in-house is an interesting business move.
MAI-Image-2 is available now in the MAI Playground, with a gradual rollout to Copilot and Bing Image Creator underway. API access is currently limited to select enterprise customers, with broader availability on Microsoft Foundry coming soon.
The team says it built the model by talking directly to photographers, designers, and visual storytellers. Three things came out of those conversations: improved photorealism, more reliable in-image text generation, and stronger capacity for detailed, imaginative scene construction. Whether or not that process translated into a genuinely useful tool is a different question.
Testing MAI-Image-2The first thing you notice when you open the MAI Playground is how understated it is. The interface is minimal and clean, visually somewhere between Claude and Hume, with none of the maximalist dashboard energy you get from Midjourney or the chatbot experience you get from Gemini.
The images themselves are genuinely pretty strong. Photorealism is a real strength here—the model has a solid grasp of natural light, surface texture, and spatial relationships. It doesn't quite hit the level of Google’s Nano Banana Pro, which still rules the leaderboard for a reason, but in some realism tests it comes surprisingly close.
Better prompting likely pushes it further; our initial results improved noticeably as we dialed in our descriptions.
Even complex, unrealistic scenes with parameters that defied logic were properly handled by the model, beating other models in details like the body proportions, limb position, depth, and spatial positioning.
For example, this image of a dog riding a bike in the middle of the ocean is arguably the most accurate one we’ve produced in zero-shot tests.
Text generation is a legitimate highlight. MAI-Image-2 handled complex typography with far more consistency than we expected—large blocks of text in images, posters, signage—without the typical garbling you see from most models.
We even pushed it toward multilingual text: It managed to generate some hanzi Chinese characters, though the accuracy wasn't perfect. Still, the fact that it tried and got partway there is notable.
The model understands artistic style well, shifting between photographic realism, graphic design aesthetics, and illustrated styles without much friction. It reads prompts carefully, including stylistic instructions, and delivers something coherent on the other end. For a broad range of visual tasks, it's versatile.
Now for the harder truths.
MAI-Image-2 is aggressively filtered—more so than Google Imagen, and more so than OpenAI’s DALL-E. We ran our usual test of a cartoon drawing of a spider chasing a woman, and got a flat refusal. Again, that's a drawing—of a spider. The content moderation here is tuned to a level that will frustrate anyone doing creative work in gray areas, horror illustration, or anything that reads as remotely tense.
The usage limits are equally restrictive. Each generation triggers a 30-second cooldown. After 15 images, you're locked out for 24 hours. For casual experimentation, that's manageable. For any kind of production workflow, it's a dealbreaker in the native UI.
There's also only one resolution: 1:1. No landscape, no portrait, no custom ratios. In 2026, that's a significant limitation—particularly for social media content, which is precisely where Microsoft presumably wants this embedded in Copilot.
And speaking of Copilot: MAI-Image-2 isn't there yet. The rollout is happening, but as of today, the product you'd actually want it in doesn't have it.
One more missing piece: This is purely a text-to-image tool. No image-to-image, no inpainting, no outpainting, no reference image support. For users expecting anything close to Firefly or Midjourney's editing capabilities, this will feel half-finished.
Our takeMAI-Image-2 performs better than its leaderboard ranking suggests. In our hands-on tests, it beat GPT-Image on image quality and text rendering, which is interesting given that GPT-Image sits above it on Arena.ai’s leaderboard. Benchmark positions don't always tell the full story.
The strategic logic behind building this is clear. Microsoft has been licensing OpenAI's image models for Copilot while simultaneously funding OpenAI's biggest competitor, Anthropic. Having a capable in-house model reduces dependency, cuts costs at scale, and gives Microsoft something to iterate on without asking for permission.
From that angle, MAI-Image-2 doesn't need to beat Nano Banana. It just needs to be good enough—and it is.
The problem is the product constraints. The generation caps, the strict content policy, the 1:1-only output, the missing editing features, etc; these are the kinds of limitations that put a ceiling on real-world utility. A model this capable deserves infrastructure that matches it.
MAI-Image-2 is a strong technical foundation hamstrung by conservative product decisions. Once Microsoft loosens the restrictions, this becomes a serious contender. Right now, it's a promising preview of what Microsoft's image stack could actually become.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Microsoft’s MAI-Image-2 is a new state-of-the-art AI image generation model The model puts Microsoft in as the third-best AI lab on the Image Arena leaderboard thanks to its strong realism and text rendering. Strict filters, usage caps, and missing features currently limit real-world usefulness, however. Microsoft has been quietly building its own image generator. Announced Thursday by the company's AI Superintelligence team, MAI-Image-2 has already landed at #3 on the Arena.ai leaderboard—behind only the models from Google and OpenAI—making Microsoft a legitimate player in a space it had previously outsourced to its partners.
That last part is worth sitting with. Microsoft has been paying OpenAI billions to power Copilot and Bing Image Creator. Building a competing image model in-house is an interesting business move.
MAI-Image-2 is available now in the MAI Playground, with a gradual rollout to Copilot and Bing Image Creator underway. API access is currently limited to select enterprise customers, with broader availability on Microsoft Foundry coming soon.
The team says it built the model by talking directly to photographers, designers, and visual storytellers. Three things came out of those conversations: improved photorealism, more reliable in-image text generation, and stronger capacity for detailed, imaginative scene construction. Whether or not that process translated into a genuinely useful tool is a different question.
Testing MAI-Image-2The first thing you notice when you open the MAI Playground is how understated it is. The interface is minimal and clean, visually somewhere between Claude and Hume, with none of the maximalist dashboard energy you get from Midjourney or the chatbot experience you get from Gemini.
The images themselves are genuinely pretty strong. Photorealism is a real strength here—the model has a solid grasp of natural light, surface texture, and spatial relationships. It doesn't quite hit the level of Google’s Nano Banana Pro, which still rules the leaderboard for a reason, but in some realism tests it comes surprisingly close.
Better prompting likely pushes it further; our initial results improved noticeably as we dialed in our descriptions.
Even complex, unrealistic scenes with parameters that defied logic were properly handled by the model, beating other models in details like the body proportions, limb position, depth, and spatial positioning.
For example, this image of a dog riding a bike in the middle of the ocean is arguably the most accurate one we’ve produced in zero-shot tests.
Text generation is a legitimate highlight. MAI-Image-2 handled complex typography with far more consistency than we expected—large blocks of text in images, posters, signage—without the typical garbling you see from most models.
We even pushed it toward multilingual text: It managed to generate some hanzi Chinese characters, though the accuracy wasn't perfect. Still, the fact that it tried and got partway there is notable.
The model understands artistic style well, shifting between photographic realism, graphic design aesthetics, and illustrated styles without much friction. It reads prompts carefully, including stylistic instructions, and delivers something coherent on the other end. For a broad range of visual tasks, it's versatile.
Now for the harder truths.
MAI-Image-2 is aggressively filtered—more so than Google Imagen, and more so than OpenAI’s DALL-E. We ran our usual test of a cartoon drawing of a spider chasing a woman, and got a flat refusal. Again, that's a drawing—of a spider. The content moderation here is tuned to a level that will frustrate anyone doing creative work in gray areas, horror illustration, or anything that reads as remotely tense.
The usage limits are equally restrictive. Each generation triggers a 30-second cooldown. After 15 images, you're locked out for 24 hours. For casual experimentation, that's manageable. For any kind of production workflow, it's a dealbreaker in the native UI.
There's also only one resolution: 1:1. No landscape, no portrait, no custom ratios. In 2026, that's a significant limitation—particularly for social media content, which is precisely where Microsoft presumably wants this embedded in Copilot.
And speaking of Copilot: MAI-Image-2 isn't there yet. The rollout is happening, but as of today, the product you'd actually want it in doesn't have it.
One more missing piece: This is purely a text-to-image tool. No image-to-image, no inpainting, no outpainting, no reference image support. For users expecting anything close to Firefly or Midjourney's editing capabilities, this will feel half-finished.
Our takeMAI-Image-2 performs better than its leaderboard ranking suggests. In our hands-on tests, it beat GPT-Image on image quality and text rendering, which is interesting given that GPT-Image sits above it on Arena.ai’s leaderboard. Benchmark positions don't always tell the full story.
The strategic logic behind building this is clear. Microsoft has been licensing OpenAI's image models for Copilot while simultaneously funding OpenAI's biggest competitor, Anthropic. Having a capable in-house model reduces dependency, cuts costs at scale, and gives Microsoft something to iterate on without asking for permission.
From that angle, MAI-Image-2 doesn't need to beat Nano Banana. It just needs to be good enough—and it is.
The problem is the product constraints. The generation caps, the strict content policy, the 1:1-only output, the missing editing features, etc; these are the kinds of limitations that put a ceiling on real-world utility. A model this capable deserves infrastructure that matches it.
MAI-Image-2 is a strong technical foundation hamstrung by conservative product decisions. Once Microsoft loosens the restrictions, this becomes a serious contender. Right now, it's a promising preview of what Microsoft's image stack could actually become.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Key HighlightsContract Revision Enabled Strategic ShiftLean Development Teams Deliver Outsized ResultsGet 3 Free Stock Ebooks Microsoft unveiled three proprietary AI models: MAI-Transcribe-1, MAI-Voice-1, and MAI-Image-2, now accessible via Microsoft Foundry. MAI-Transcribe-1 achieves superior accuracy across 25 languages, surpassing OpenAI’s Whisper and Google Gemini Flash in benchmark testing. A renegotiated OpenAI agreement from late 2025 now permits Microsoft to develop frontier AI models independently. Development teams of under 10 engineers built each model, utilizing approximately 50% fewer GPU resources than competitors. Mustafa Suleiman, Microsoft AI CEO, announced intentions to create a frontier large language model, pursuing complete AI autonomy. Microsoft executed its boldest move yet in the AI race on Wednesday, unveiling three proprietary models that position the tech giant as a direct rival to OpenAI, Google, and emerging AI companies.
Microsoft Corporation, MSFT
The newly released trio — MAI-Transcribe-1, MAI-Voice-1, and MAI-Image-2 — can now be accessed through Microsoft Foundry and a dedicated MAI Playground. These tools encompass speech recognition, voice synthesis, and visual content generation. Mustafa Suleiman, Microsoft’s AI CEO, characterized the debut as the inaugural product from his “superintelligence team,” established merely six months prior.
MICROSOFT ANNOUNCED PLANS TO DEVELOP ADVANCED AI MODELS BY 2027.
— First Squawk (@FirstSquawk) April 2, 2026
MSFT shares experienced their most challenging quarter since 2008, declining approximately 17% year-to-date. This model introduction marks Suleiman’s initial public response to shareholder demands for meaningful returns on substantial AI investments.
MAI-Transcribe-1 stands as the flagship offering. It delivers the lowest average Word Error Rate on the FLEURS benchmark for the top 25 languages used across Microsoft products, recording an average of 3.8%. The company asserts it exceeds OpenAI’s Whisper-large-v3 performance across all 25 languages and surpasses Google’s Gemini 3.1 Flash on 22 of 25. The system handles MP3, WAV, and FLAC files up to 200MB, with batch processing speeds 2.5 times faster than current Azure solutions. Testing is already underway within Teams and Copilot Voice.
MAI-Voice-1 produces 60 seconds of realistic audio output in just one second and enables custom voice generation from minimal audio samples lasting only seconds. Pricing is set at $22 per million characters. MAI-Image-2 secured a top-three position on the Arena.ai leaderboard and is being integrated into Bing and PowerPoint, with pricing at $5 per million input tokens and $33 per million image output tokens. WPP has become an early enterprise adopter implementing the technology at scale.
Contract Revision Enabled Strategic Shift This product launch couldn’t have occurred twelve months earlier. Through October 2025, Microsoft faced contractual restrictions preventing independent artificial general intelligence development under its original 2019 OpenAI agreement.
When OpenAI pursued additional compute resources beyond Microsoft — establishing partnerships with SoftBank and others — Microsoft initiated contract renegotiations. The updated agreement permits Microsoft to develop proprietary frontier models while maintaining licensing rights to OpenAI’s developments through 2032.
Suleiman explained to VentureBeat: “Back in September of last year, we renegotiated the contract with OpenAI, and that enabled us to independently pursue our own superintelligence.” He emphasized the OpenAI partnership continues through at least 2032.
Lean Development Teams Deliver Outsized Results Among the most striking revelations from the announcement: development teams of under 10 engineers created each model. Suleiman indicated the audio model team consisted of 10 people, with performance improvements stemming from architectural choices and data curation rather than workforce expansion.
“Our image team, equally, is less than 10 people,” he noted. This methodology contrasts sharply with prevailing industry practices, where organizations like Meta have allegedly extended individual researcher compensation packages ranging from $100 million to $200 million.
Microsoft emphasizes its intentionally competitive pricing — structured to undercut Amazon and Google. Suleiman labeled it “the cheapest of any of the hyperscalers.” The organization is already mapping out frontier-scale GPU cluster deployments over the coming 12 to 18 months.
Suleiman validated that a large language model appears on the development roadmap, stating Microsoft aims to become “completely independent” while delivering “state of the art models across all modalities.”
TLDR Microsoft launched MAI-Code-1 to generate source code from written prompts. MAI-Code-1 is available through GitHub Copilot and Visual Studio Code. Microsoft introduced MAI-Thinking-1 as a reasoning model focused on lower token costs. MAI-Thinking-1 is available in private preview through Microsoft Foundry. Microsoft is building more in-house AI models while still partnering with OpenAI and Anthropic. Microsoft used its Build conference in San Francisco to introduce new in-house AI models for developers. The company launched MAI-Code-1 for software generation and MAI-Thinking-1 for reasoning tasks.
Microsoft Enters AI Coding With MAI-Code-1 MAI-Code-1 turns written prompts into source code for applications and websites. Microsoft introduced the model as demand grows for text-based software development tools. Developers now use natural language prompts to build code, interfaces, and basic products. This practice has gained attention under the “vibe coding” label.
Microsoft placed MAI-Code-1 inside GitHub Copilot and Visual Studio Code. That gives the coding model direct access to the company’s developer user base. Kyle Daigle, Microsoft’s developer marketing chief and GitHub operating chief, described the model as “inference ultra-efficient.”
The company used that point to highlight lower operating demands. The new model also gives Microsoft more control over AI coding costs. The company can run its models on Azure instead of paying outside model providers.
MAI-Thinking-1 Targets Reasoning at Lower Token Costs Microsoft also introduced MAI-Thinking-1, a reasoning model built for performance and cost control. The company positioned the model as medium-sized and efficient. Daigle wrote that MAI-Thinking-1 was “built for high efficiency and performance.” He added that it runs “at a low token cost.”
Developers use tokens to pay for AI model input and output. Therefore, lower token costs can reduce spending for companies that run large workloads. MAI-Thinking-1 has entered private preview through Microsoft Foundry.
The service helps customers integrate AI models into software applications. Customers can register interest before Microsoft makes the reasoning model widely available. The company has not provided a full release date for broader access.
Microsoft Builds More of Its Own AI Stack Microsoft has invested heavily in leading AI companies while building its own systems. The company committed $13 billion to OpenAI and $5 billion to Anthropic. It also offers OpenAI and Anthropic models through Azure cloud services. However, its new models give developers another path inside Microsoft’s own ecosystem.
The company’s strategy comes as OpenAI and Anthropic pursue public market plans. As we had reported, Anthropic confidentially filed for an initial public offering on Monday. OpenAI has also explored a possible offering this year, according to the report. Both companies have recorded strong growth during the current AI cycle.
Microsoft faces competition from Google, which released Gemini 3.5 Flash in May. Google designed that model for coding and other tasks inside its own data centers. At Build, Microsoft also announced updated cloud models for speech recognition and synthetic voice generation. It also revealed image generation updates and small Aion models for Windows PCs.
Microsoft just dropped seven AI models in a single day.
Announced on June 2 at Build 2026 in San Francisco, the new models mark the company’s biggest expansion yet of its in house AI lineup. The releases cover reasoning, image generation and editing, coding, voice, and transcription, all built under the Microsoft AI brand led by Mustafa Suleyman.
What Microsoft actually shipped
The flagship release is MAI Thinking 1, Microsoft’s first dedicated reasoning model. The system is built to work through complex multi step problems, with a focus on software engineering and enterprise use cases.
Microsoft also introduced MAI Image 2.5, which handles image generation and editing, and MAI Code 1 Flash, a lightweight coding model designed for faster, lower cost inference inside GitHub Copilot and Visual Studio Code.
The lineup also includes updated voice and transcription models, extending the MAI stack across the main formats businesses use every day: text, code, images, speech, and audio.
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The models will be delivered through Microsoft Foundry and related platforms, giving enterprise customers a way to test and deploy Microsoft built models inside existing workflows.
The Suleyman factor and the OpenAI question
The new releases sharpen one of the biggest questions in enterprise AI: how far Microsoft wants to go beyond OpenAI.
For years, Microsoft’s AI strategy centered on backing OpenAI, integrating GPT models into products, and monetizing usage through Azure and Copilot. That strategy is still intact, but the MAI releases show Microsoft is building a more independent model stack under Suleyman.
Microsoft AI launched three MAI models in April: MAI Transcribe 1, MAI Voice 1, and MAI Image 2. Those models are already available through Foundry and MAI Playground. With seven more announced at Build, Microsoft has added ten MAI models in roughly two months.
That pace matters. The more models Microsoft owns, the more control it has over cost, performance, product timing, and enterprise customization. It also gives the company more leverage as it continues working with OpenAI while building alternatives for specific workloads.
What this means for the enterprise AI market
The MAI models are aimed at enterprise and developer use cases where Microsoft already controls the distribution layer. Copilot is embedded across Microsoft 365, GitHub, Windows, and Azure, giving Microsoft a direct path to place its own models inside products customers already use.
That lets Microsoft optimize the full stack without depending entirely on third party model releases. A coding model can be tuned for GitHub. A reasoning model can be routed into enterprise workflows. Image, voice, and transcription models can support Microsoft 365 and Copilot experiences at lower cost.
The result is not a clean break from OpenAI. It is a hedge. Microsoft can keep using OpenAI’s frontier models where they are strongest while routing more tasks to its own MAI models when cost, speed, privacy, or customization matter more.
Microsoft has been ramping up proprietary AI development under the MAI label since 2025, beginning with MAI 1 preview and MAI Voice 1, followed by MAI Image 1 and the April 2026 Foundry releases. The Build announcements show that the effort is moving from experiment to strategy.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
June 3, 2026 – Microsoft’s 2026 Build Conference kicked off in San Francisco, centered on its new “Deployable and Governable AI Agent Platform” initiative. The tech giant introduced its proprietary MAI model lineup, covering core capabilities including reasoning, programming, image recognition, speech, and transcription—with its flagship reasoning model, MAI-Thinking-1, leading the charge. Microsoft Foundry received a major overhaul, adding key features such as Agent runtime, toolbox, memory, Enterprise Knowledge Retrieval Foundry IQ, Voice Live, and assessment/governance tools. The update strengthens the end-to-end Agent development pipeline, streamlining progress from prototype testing to full production deployment. On the Windows front, Microsoft positioned local AI as a top developer platform priority. It rolled out developer-friendly Windows configurations, an intelligent Shell/Terminal, Agent sandbox, and WSL (Windows Subsystem for Linux) capability upgrades, while highlighting Foundry on Windows—enabling small models, Agent inference, and local coding models to run natively on PCs. For hardware, Microsoft unveiled the Surface RTX Spark Dev Box for AI developers, built around the NVIDIA RTX Spark superchip. It offers up to 1 petaflop of AI computing power and 128GB of unified memory, supporting local model operation, large-scale model fine-tuning, and end-to-end Agent workflows. Additionally, Microsoft launched the next-gen Majorana 2 quantum chip, stating its quantum bit reliability has surged 1,000 times over the previous generation, with an average 20-second lifespan. The company has advanced its timeline for delivering a scalable quantum computer to 2029. Microsoft Discovery also hit general availability, letting research and engineering teams leverage AI Agents to accelerate their development workflows. As of the latest report, Microsoft’s after-hours stock price dropped 0.65%, following a 4.17% close-down on Tuesday.
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Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
PANews reported on June 3 that Microsoft unveiled seven new models at its Build conference, covering inference, code, image, transcription, and speech processing. These models include MAI Thinking-1, MAI Code-1-Flash, MAI Image-2.5, MAI Image-2.5-Flash, MAI Transcribe-1.5, MAI Voice-2, and MAI Voice-2-Flash. These models are built from scratch based on clear data sources, emphasizing efficiency and seamless collaboration. The flagship inference model, MAI-Thinking-1, is competitive with similar models in STEM inference and coding tasks. The code model, MAI-Code-1-Flash, outperforms Claude Haiku 4.5 on all coding benchmarks tested, and uses 60% fewer tokens. This model is already available on GitHub Copilot.
Key Highlights Project Solara represents Microsoft’s vision for AI-native hardware that operates through agents rather than conventional applications The new Surface RTX Spark Dev Box, built with Nvidia technology, supports local execution of 120-billion parameter AI models MAI Thinking-1, Microsoft’s latest reasoning model, delivers performance comparable to Anthropic’s Claude Opus 4.6 Microsoft AI CEO Mustafa Suleyman criticized Anthropic’s pricing structure and announced plans to reduce Microsoft’s reliance on the company A strategic partnership with Mayo Clinic will focus on developing advanced healthcare AI solutions During its Build developer conference in San Francisco on June 2, Microsoft presented an ambitious vision for transitioning computing from app-based systems to agent-driven experiences.
Microsoft Corporation, MSFT
CEO Satya Nadella, alongside senior leadership, outlined Microsoft’s plan to expand control across the entire AI technology stack—spanning hardware development to model creation—amid intensifying rivalry with OpenAI and Anthropic.
Microsoft stock (MSFT) is listed on the Nasdaq exchange. While the company hasn’t tied specific stock price targets to the conference, the announcements signal a fundamental transformation in Microsoft’s product development and artificial intelligence approach.
The Project Solara initiative encompasses a series of experimental devices spanning multiple form factors, from smart speaker-sized units to badge-style devices. Utilizing processors from Qualcomm and MediaTek, these products bypass conventional operating systems completely, instead operating exclusively through AI agents.
Nadella positioned this as an opportunity to fundamentally “rewrite the rules” governing platform development, offering developers and business users unprecedented freedom to create agent-centric hardware solutions.
Surface RTX Spark Dev Box Unveiled In the personal computing segment, Microsoft introduced the Surface RTX Spark Dev Box, equipped with Nvidia’s RTX Spark processor. Nadella described it as his “dream machine” and revealed he had personally joined the waiting list.
This system successfully executed a 120-billion parameter AI model entirely on-device—a capability beyond most existing personal computers. Microsoft simultaneously launched a collaborative laptop with Nvidia this week, directly challenging Apple’s dominance in the premium computer segment.
Industry analysts suggested that widespread enterprise adoption of these advanced systems may require considerable time.
Microsoft additionally announced efforts to adapt OpenClaw—open-source technology for coordinating multiple AI agents—for secure enterprise deployment on Windows platforms. This software has already contributed to increased Mac computer sales for Apple in the Chinese market.
MAI Thinking-1 Launch and Direct Anthropic Competition Microsoft’s artificial intelligence division introduced MAI Thinking-1, the company’s inaugural in-house reasoning model, which Microsoft claims achieves parity with Anthropic’s Claude Opus 4.6. Anthropic has subsequently launched Opus 4.8.
This model forms part of Microsoft’s strategic effort to develop cutting-edge AI capabilities independently of OpenAI, despite years of financial backing. A restructured partnership agreement finalized in April granted Suleyman’s division autonomy to pursue proprietary model development.
AI division leader Mustafa Suleyman spoke candidly about competitive dynamics in a Bloomberg interview: “Anthropic is extremely expensive, and I think many people are urgently looking for alternatives.”
He continued: “We pay a lot of money to Anthropic — so our goal is to reduce and ultimately eliminate that cost.”
Microsoft positioned its latest coding model as delivering equivalent performance to Anthropic’s Opus 4.6 while offering superior cost efficiency—identifying pricing as a crucial competitive differentiator.
Appian CEO Matt Calkins provided broader market context: “We are in the era of subsidies for AI. When OpenAI and Anthropic go public, these prices will probably increase substantially.”
Anthropic submitted its IPO prospectus confidentially to the Securities and Exchange Commission this week. OpenAI is anticipated to follow with its own filing in the near term.
Regarding healthcare initiatives, Microsoft revealed a collaboration with Mayo Clinic focused on building frontier healthcare artificial intelligence, merging Microsoft’s computational and reasoning infrastructure with Mayo’s extensive clinical datasets.
A closely followed crypto strategist believes one Ethereum (ETH) competitor is primed to print gains of more than 2x this year.
Pseudonymous analyst Altcoin Sherpa tells his 211,900 followers on the social media platform X that he thinks Solana (SOL) will see new all-time highs this year.
[adinserter block="1"]
But while the crypto strategist is long-term bullish on SOL, he expects the Ethereum rival to witness a pullback before starting a fresh leg up.
“There is going to probably going to be a pullback somewhere in the $200-$250s, but I don’t know how deep it’s going to be.
Still bullish as hell on this one this cycle, it’s the best chain for retail (evidence of memes). Probably $500+ in 2024.”
Source: Altcoin Sherpa/X At time of writing, SOL is worth $187.90, down over 6% in the past day.
Next up, the trader says that RSS3, a decentralized information processing protocol, appears to be trading in a range with an upper bound of $0.57 and a lower bound of $0.40.
“Still a super strong coin, RSS3 is one I’m still invested in and have a bag. Ranging for now and I think that this has been very strong amidst market volatility.”
Source: Altcoin Sherpa/X RSS3 is trading for $0.448 at time of writing, down 15.4% in the last 24 hours.
Lastly, the trader says he is bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs) including short-term bonds and US Treasuries.
“ONDO: buy ONDO for financial freedom around $0.43. One of my bags for real-world assets (RWA) this cycle, expecting good things for the future.”
Source: Altcoin Sherpa/X Ondo is trading for $0.422 at time of writing, down more than 12% in the last 24 hours.
[PRESS RELEASE – Singapore, Singapore, March 22nd, 2024]
Rollie Finance, the first one-swipe AI trading perpetual exchange on Scroll, announced today that it has raised a seed round of funding from Animoca Ventures, M77 Ventures, Sandy Peng, Co-Founder of Scroll, Alex Lee, Founder of Wombat Exchange, and Kate Wong, COO of RSS3.
Rollie Finance stands out from the many decentralized perpetual exchanges through its innovative AI-powered one-swipe-trading design, in which trades can be placed by simply swiping left or right on mobile to reflect users’ interests and trading appetites. Inside the simple one-swipe-trading interface, numerous trading algorithms, years of trading experience, real-time on-chain data, AI analysis, and more are simultaneously implemented in the background to ensure the trade is both simple and sophisticated. The new funding announced today will be used to further refine Rollie’s AI-powered trading algorithms.
Animoca Ventures is the venture investment arm of Animoca Brands, a global leader in gamification and blockchain with a large portfolio of over 400 investments in Web3 projects, and with the mission to advance digital property rights and decentralized projects that contribute to building the open metaverse.
Arthur, the founder of Rollie Finance, said: “The advances in AI, trading algorithms, and on-chain data mean that the time-consuming technical analysis (TA) and fundamental analysis (FA) can now be abstracted from the consumer experience. Some users like to spend their time on research and analysis, and some are too busy or new to trading and wish to have all the complexity abstracted away; Rollie targets the latter. We are here to make trading fun and simple.”
James Ho, the head of Animoca Ventures, commented: “We are here to support innovations, especially those that are consumer friendly and demonstrate a strong product-market fit. Rollie’s appealingly simple trading UI makes it easy to onboard new users to Web3.”
Sandy Peng, co-founder of Scroll, commented: “We believe in the wealth of experience of the Rollie team and are excited that such an innovative product chose Scroll as its home. After the highly anticipated EIP 4844 Ethereum Dencun upgrade, we expect trading on Rollie to become even faster and cheaper.”
About Rollie Finance One-Swipe AI Trading Perpetual Exchange on Scroll
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Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.
Artificial Intelligence (AI) crypto tokens Render (RNDR), Bittensor Tao (TAO), The Graph (GRT), AIOZ Network (AIOZ), Golem (GLM), OriginTrail (TRAC) and RSS3 (RSS3) prices rally on Monday.
Apple is likely working on an on-device Large Language Model (LLM), according to Bloomberg Correspondent Mark Gurman. The report, alongside other AI-related developments in the past week, has fueled the AI token rally.
Crypto AI tokens gain riding on updates in Artificial Intelligence from giants AI firms made several announcements in the past week. Meta, OpenAI, Sora, Microsoft, Google DeepMind, Boston Dynamics and Tencent among others, announced AI-related updates. Gurman said that Apple is likely working on its on-device LLM. LLMs are AI programs that recognize and generate text and train on huge sets of data. ChatGPT is among the most popular ones.
Power On: Apple needs a low-end iPhone and a push into emerging markets to get back on track. Also: Apple’s next big thing is an on-device LLM; iPad availability dwindles; Vision Pro loses steam; and iOS 17.5 includes a change that may upend the App Store. https://t.co/A5gdasXhIA
— Mark Gurman (@markgurman) April 21, 2024 In the past week, Meta introduced two out of three versions of Llama 3, while OpenAI and TED shared a new Sora-generated AI video. Additionally, Microsoft announced a new model to turn a single photo or piece of audio into a deep fake and researchers at Google DeepMind shared a demo of autonomous ALOHA 2 robots.
The updates from AI giants have likely catalyzed token gains. Prices of RNDR, TAO, GRT, AIOZ, GLM, TRAC and RSS3 rally on Monday. The AI tokens postd between 2% and 13% gains on the day.
Crypto AI tokens
AI token resurgence Digital Bank Sygnum’s quarterly research report states that crypto use cases are evolving.
The report states that Web3 sector performance is driven by a strong narrative around AI-related protocols and decentralized physical infrastructure networks (DePIN), and a growing demand for decentralized computing resources, interoperability solutions, and data sharing services.
A popular crypto trader thinks artificial intelligence (AI) altcoins are primed to do well in the latter part of this year despite underperforming in the past couple of weeks.
The pseudonymous analyst known as Altcoin Sherpa tells his 216,800 followers on the social media platform X that he’s looking at decentralized graphics processing unit (GPU) rendering blockchain Render (RNDR), AI and machine learning platform Fetch.ai (FET), the decentralized data storage protocol Arweave (AR) and the decentralized information processing protocol RSS3 (RSS3).
[adinserter block="1"]
“The play right now is to just be patient, scale into the ones you like and just wait. We’ve seen a decent pullback on many of these and I think that there should be some decent buying opportunities available in the coming weeks. Still bullish on this sector myself.”
Altcoin Sherpa also feels somewhat bullish on Echelon Prime (PRIME), a web3 ecosystem that aims to advance the next generation of gaming.
“PRIME is a coin that everyone loves and a good gaming play for this current cycle.
We’ve seen a strong pullback and I’d personally view the $15-$11 area as a good strong place to accumulate if you like this project. I probably won’t buy but will observe. Lots of good TA (technical analysis) confluence there though with the 0.50 and 0.618 key Fibonacci levels + 200 day exponential moving average (EMA).”
Source: Altcoin Sherpa/X PRIME is trading at $16.70 at time of writing.
RSS3 joins NVIDIA Inception Program to enhance its open AI infrastructure. Collaboration aims to address challenges in integrating Web3 and AI. RSS3 is developing infrastructure to deliver Web3-native data for AI models. Decentralized information platform RSS3 has joined NVIDIA’s Startup Inception Program, aiming to accelerate the development of its open and verifiable AI training infrastructure. The partnership highlights the growing convergence of Web3 and AI, with both industries seeking to leverage each other’s strengths.
We’ve supercharged into @NVIDIA Startup Inception Program to accelerate our development of an Open and Verifiable AI training infrastructure – part of RSS3's journey in pursuit of a more Open and interconnected new Internet – the Open Web. pic.twitter.com/VgPJ8lCsRm
— RSS3 🟦 (@rss3_) July 19, 2024 The platform’s dual-layer infrastructure, which integrates an incentivization layer with the data layer of the Open Web, will benefit from this advanced technology. Joshua Meng, the founder of RSS3, stated that this partnership is set to propel the company toward new horizons in truly open AI and the Open Web. Additionally, RSS3 added that it aims to drive the transformation of the Internet to serve a broader audience.
The alliance between RSS3 and NVIDIA demonstrates progress in addressing challenges and integrating Web3 and AI. As both industries are on the brink of substantial growth, establishing robust infrastructure and standards is crucial for future progress.
Adding to that, on July 17, RSS3 published an X post focusing on the intersection of AI and Web3. The announcement highlighted that nearly $2 billion has been invested in Web3 and AI startups over the past two years.
The post discussed the importance of high-quality, structured data for AI models. While GPT-4 and Stable Diffusion rely on extensive datasets, Web3’s decentralized nature complicates data aggregation. RSS3 is developing infrastructure to deliver Web3-native data in AI-ready formats, addressing these challenges.
Traditionally, users have provided vast amounts of data without receiving direct benefits. The convergence of Web3 and AI addresses this issue by allowing individuals to control and benefit from their data, aiming to ensure a more equitable distribution of AI benefits.
Additionally, efficient infrastructure that provides real-time Web3 data is crucial for AI applications. Such infrastructure would streamline data access, enhancing the effectiveness of AI technologies.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
[PRESS RELEASE – San Francisco, California, December 4th, 2024]
The internet was once a playground for open exchange, where ideas, innovation, and creativity flourished. However, centralized control and walled platforms have eroded those ideals. Open emerges as a new infrastructure dedicated to rebuilding the Open Web’s foundations in the age of Web3.
From RSS3 to Open: A Broader Vision
Open represents the next evolution of RSS3, a broader and more ambitious ecosystem designed to unify technologies, initiatives, and communities. This transformation recognizes that the vision for a decentralized internet extends beyond the original scope of RSS3.
Open now unites the forces of RSS3, RSSHub, OVM, OpenAgent, and the Open Information Initiative under a single banner. Together, they form a collective dedicated to reshaping the internet into a transparent, permissionless, and collaborative space.
“Open’s mission goes beyond technology,” said Joshua, the founder. “This is about building an ecosystem and a movement to create a web that works for everyone, not just a select few. Open exists to make that happen.”
Open: The Foundation for a New Web
Open serves as the foundation for a new internet era. It brings together infrastructure, real-world applications, and initiatives with a clear goal:
Building Infrastructure: Open is constructing a “Wormhole” that bridges data and computing on-chain in a transparent and verifiable manner. This facilitates truly immutable, reproducible, and open Artificial Intelligence (AI), Decentralized Finance (DeFi), Decentralized Science (DeSci), and more. Empowering Builders: Open supports developers and creators dedicated to advancing the Open Web through grants, incubation programs, and dedicated studios. Delivering Practical Solutions: Open focuses on real-world problem-solving by offering practical tools, ranging from AI-powered agents to DeSci platforms. Thriving Projects within the Open Ecosystem
The Open ecosystem already boasts projects with proven technology and distribution:
OpenAgent: Launched in March 2024, OpenAgent quickly became the most advanced decentralized AI agent platform. DeSci Database: This decentralized science initiative accelerates innovation by making open data accessible across thousands of nodes. Follow App: With over 120,000 users and 50,000 daily on-chain participants in its first 40 days, Follow App demonstrates Open’s ability to drive large-scale adoption. Exclusive Studios: Four studios are dedicated to building critical infrastructure and tools for the Open Web, ensuring scalability and robustness. The AiSweatShop: A new standard for decentralized AI deployment, this OpenAgent initiative extends its capabilities. AiSweatShop offers scalable and customizable AI agent solutions that integrate with on-chain decentralized applications, bridging the gap between decentralized AI and real-world uses. The Case for Open: A Better Internet
Centralized platforms have inhibited creativity, transparency, and innovation for far too long. Open aims to reverse this trend, restoring an Open Web where:
Creativity Flourishes: No longer will restrictions hinder how ideas are shared and developed. Transparency Reigns: Decision-making will occur openly, not behind closed doors. Innovation Accelerates: Open infrastructure will drive the next wave of digital breakthroughs. The Movement Gathers Momentum
Open serves as an open invitation for developers, creators, and visionaries to join the mission of restoring the web’s original purpose. The ecosystem has already gained significant traction, bolstered by funding from the Open Initiative. The adoption of Follow App, the innovation of the AiSweatShop, and the expanding developer community all demonstrate the ecosystem’s steady growth and potential.
“Our focus is unwavering: to create real solutions for real users,” reiterated Joshua, Founder of Open. “We’re building a future where the internet belongs to everyone.”
Users interested in learning more and joining the movement can visit webisopen.com.
About Open
RSS3 is a decentralized network indexing and structuring data, delivering accessible and valuable Open Information to the next X (prev. Twitter), Google, OpenAI, and beyond.
RSS3 is an Open project. Open is a series of endeavors aimed at propelling the Open Web forward. Collectively, Open is the Data and Compute Wormhole for innovations like verifiable and transparent AI and DeSci. Users can find more details at https://open.network/
Get ready for a seismic shift in Web3 AI with AISweat.Shop (A.S.S.), the first-of-its-kind AI Agent Factory deployed on the Arbitrum Layer 2 blockchain, allowing anyone to easily deploy and customize a DeFi or DeSci AI Agent. Powered by the OpenAgent framework from Open (collective include RSS3), A.S.S. is here to reshape DeFi and DeSci with AgentUI, a seamless and intuitive user interface powered by AI.
The very first AI Agent deployed via AiSweat.shop is Overlord.bot, the very first AI Agent for you to dump your bag on. Overlord.bot has its own wallet, starting with 50 ETH. He/She autonomously manages and decides which tokens to buy. With just a simple post on X mentioning @overlordbot_, a token will be created for a user with Overlord AI handling the image and any specifics required. Users can then convince Overlord.bot to pump its bag and buy its tokens through chatting with him on X (previously Twitter). Through aggregated real-time structured data across Web1, 2, and 3 delivered by the Open (collective include RSS3), and input from users, Overlord.bot will decide which tokens to buy.
From DeFi UI to AgentUI AiSweat.Shop (A.S.S.) addresses the limitations of traditional AI solutions by delivering blockchain integrated, and sophisticated DeFi AI Agents designed for Web3. With A.S.S., developers and users alike can create customizable, autonomous DeFi AI Agents that operate seamlessly across platforms like X (previously Twitter), Telegram, terminals, and native Web3 environments.
Key features include:
Permissionless Deployment: Open the doors for anyone to build DeFi and DeSci AI Agents, making cutting-edge on-chain AI features accessible to all. Autonomous Functionality: AI Agents capable of real-time engagement across social and Web3 platforms and controlling of its own pools, vaults, and wallets alike. Customizable Applications: Tailored solutions for DeFi and DeSci that redefine AI’s potential in decentralized ecosystems.. Data Wormhole for AI Agents Open (coll. incl. RSS3)’s Data Wormhole aggregates, structures and delivers real-time AI-ready data to AI Agents deployed via AiSweat.shop in a transparent and decentralized manner. This facilitates truly decentralized, and open Artificial Intelligence (AI), such as Decentralized Finance (DeFi) and Decentralized Science (DeSci) AI Agents.
These datasets include:
Real-time blockchain data from top networks. Insights from Web2 social platforms and traditional Web1 sources. Real-world event data enriched with contextual intelligence. This Data Wormhole is a battle-tested data layer that has processed over 3 billion queries. Unlike traditional solutions, the Data Wormhole offers:
A fully decentralized architecture. Structured and standardized data in human-readable formats, making it AI-ready. Comprehensive datasets spanning Web1, Web2, Web3, and real-world events. By leveraging this information-abstracted infrastructure, A.S.S. ensures that its AI Agents are equipped with high-quality highest quality data, enabling them to operate seamlessly and autonomously in their own autonomous, dynamic DeFi and DeSci landscapes.
OpenAgent – the First Web3 AI Framework OpenAgent is the very first Web3 AI Agent Framework launched back then in March 2024, subsequently AI Agents quickly became the most worked on vertical in Web3.
With OpenAgent, customized AI agents can be created for specific needs such as analysis, prediction, content creation, and transaction automation, drastically shortening the development time of AI agents for independent builders from months to hours, leveling the AI playing field. OpenAgent utilizes a Mixture of Experts (MoE) architecture, which uses a gating network to choose the best expert models for specific tasks. Different expert models are like specialized Lego blocks, each optimized for distinctive functions, working independently yet collaboratively to produce a unified output. Unlike the popular OpenAI GPT models, any LLM (large language model) can be turned into on-chain AI agents with OpenAgent, creating AI agents with precise outputs for analytical or transactional purposes on top of the usual GPT creative content styles. Examples include natural language initiated on-chain transaction AI, on-chain arbitrage AI, and smart contract analytic AI.
DeFi & DeSci AI Agents AiSweat.Shop (A.S.S.) combines the scalability of the OpenAgent Framework with the robustness of the Data Wormhole, creating a foundation for DeFi and DeSci AI Agents that go beyond simple automation.
Future agents are experts equipped with:
Knowledgeable about DeFi and DeSci ecosystems. Capable of performing sophisticated tasks in real-world contexts. Designed for long-term impact in the decentralized world. Join the AI Expert Revolution A.S.S. is calling developers, builders, and enthusiasts to become part of this transformative journey. With its permissionless deployment model and scalable infrastructure, anyone can contribute to building the next generation of DeFi AI Agents, starting on Arbitrum.
About AiSweat.Shop Upgrading DeFi UI to AgentUI @arbitrum; Customize ur DeFi AI Agent on X powered by @webisopen @rss3_
X / Twitter: https://x.com/aisweatshop X / Twitter: https://x.com/OverlordBot_ Website: https://aisweat.shop/ Website: https://overlord.bot/ Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
San Francisco, California, December 31st, 2024, Chainwire
Open (also known as webisOpen on X, collective includes RSS3) is transforming virological research and decentralized science (DeSci) through its innovative Open Virtual Machine (OVM). This technology, integrated with the Compute Wormhole, facilitates the on-chain analysis of genetic similarities between two viruses: SARS-CoV-2 (sequenced in Wuhan, 2019) and SARS-CoV (sequenced in Toronto, 2003).
This analysis is performed fully on-chain using Open’s Open Virtual Machine (OVM) within a Trusted Execution Environment (TEE) (together known as Open’s Compute Wormhole) utilizing and bridging decentralized compute from Hyperbolic Labs, to ensure integrity, immutability, determinism, and resistance to tampering. Additionally, OVM guarantees verifiability through on-chain transactions, promoting transparency and trust in the results.
This demo and experiment of Open Desci Platform Alpha and its record on-chain (on Open Chain) has also been released to the public to showcase the power of OVM to the public. Users can check out this link for more information.
The Research Challenge
Decoding the genetic fingerprints of viruses has traditionally required expensive supercomputers and extensive infrastructure—resources often out of reach for many researchers. For years, virologists have been constrained by financial and logistical challenges, forcing them to focus more on acquiring equipment than advancing scientific discovery. Moreover, the reliance on private or centralized computing resources has limited peer reviews, making it difficult to reproduce results and raising concerns about the integrity, reliability, and trustworthiness of the findings.
Entering the OVM Revolution
The Open Virtual Machine (OVM) offers a high-performance, decentralized, and verifiable compute layer, designed to democratize access to advanced computational resources. Its implementation begins with a demonstration and experimental applications on Open Chain, showcasing its capabilities in bridging decentralized computation with the immutability of blockchain technology. By bridging powerful decentralized computation with blockchain immutability, OVM is a Data Wormhole for innovations like verifiable and transparent AI and DeSci. The Open collective includes @RSS3_, @_RSSHub, and @openinfo.
RSS3 is a decentralized network indexing and structuring data, delivering accessible and valuable Open Information to the next X (prev. Twitter), Google, OpenAI, and beyondfor AI and decentralized science (also known as DeSci).
Key Features of OVM in Decentralized Science
Reproducibility Guaranteed: Every computation is verifiable and reproducible, a critical feature for peer-reviewed scientific research. Secure Data Processing: A built-in Trusted Execution Environment (TEE) safeguards sensitive data, ensuring integrity and tamper resistance throughout the computational process. Effortless Genomic Analysis: Researchers can now compare viral genomes, such as [SARS-CoV-2] and [SARS-Tor-2], in a decentralized and democratized manner, without permission and access to exclusive and expensive hardware. These capabilities highlight the expanding potential of OVM in decentralized science (DeSci), paving the way for further innovations in transparent and democratized research.
The Bridge Between Blockchain and Beyond
OVM’s architecture introduces a framework that integrates blockchain’s on-chain immutability with scalable, decentralized computing resources, including GPU support for demanding computational tasks. This design enables efficient execution of compute-intensive applications, such as:
AI and Machine Learning Training DeFi Risk Assessments and Financial Modeling Real-Time DeSci, Gaming, and Metaverse Simulations Whether it’s simulating virus interactions, optimizing decentralized finance protocols, or powering the next-gen virtual worlds, OVM provides immutable, verifiable, and transparent computational solutions. These advanced capabilities demonstrate the potential of decentralized systems to address complex, real-world challenges.
Democratizing Research, Unlocking Discovery
OVM enables researchers worldwide to access advanced computational resources without reliance on costly infrastructure. By prioritizing accessibility, the platform emphasizes scientific innovation over financial constraints. This approach fosters global collaboration, empowering researchers to address critical challenges such as pandemics and climate change.
Open and Modular by Design
OVM’s modular architecture allows decentralized applications to tap into scalable computing power through partnerships with decentralized providers like Hyperbolic, Gensyn.ai, and Aethir Cloud, or virtually anyone with spare computational resources. This design supports the creation of an open and transparent ecosystem for research and development, accessible globally and at any time.
Exploring OVM-Powered Genomic Analysis (Coming Soon on Mainnet)
The OVM-powered infrastructure will enable users to analyze the genetic sequences of:
SARS-CoV-2 Genome SARS-Tor-2 Genome The Open DeSci team is preparing to release the Alpha version of its demo and experimental platform. This release will showcase the capabilities of OVM in performing DNA sequence alignment, providing a practical example of its potential in decentralized science.
The Future of Compute is Open
Available now on Open Chain for demo purposes, with support for more platforms on the horizon, OVM is ushering in a new era of decentralized science. By bridging the gap between blockchain and advanced decentralized computation, OVM unlocks the true potential of the Open Web and DeSci, paving the way for breakthroughs in Science, AI, and beyond.
OVM removes infrastructure barriers, enabling scientific progress to be driven by creativity and innovation. This approach represents a significant step forward in the evolution of open science.
About Open (aka webisOpen on X, coll. Incl. RSS3)
Open is a series of endeavors aimed at propelling the Open Web forward. Collectively, Open is the Data and Compute Wormhole for innovations like verifiable and transparent AI and DeSci. The Open collective includes @RSS3_ @_RSSHub & @openinfo_. webisOpen.
RSS3 is a decentralized network indexing and structuring data, delivering accessible and valuable Open Information to the next X (prev. Twitter), Google, OpenAI, and beyond.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
San Francisco, California, December 31st, 2024, Chainwire
Open (also known as webisOpen on X, collective includes RSS3) is transforming virological research and decentralized science (DeSci) through its innovative Open Virtual Machine (OVM). This technology, integrated with the Compute Wormhole, facilitates the on-chain analysis of genetic similarities between two viruses: SARS-CoV-2 (sequenced in Wuhan, 2019) and SARS-CoV (sequenced in Toronto, 2003).
This analysis is performed fully on-chain using Open’s Open Virtual Machine (OVM) within a Trusted Execution Environment (TEE) (together known as Open’s Compute Wormhole) utilizing and bridging decentralized compute from Hyperbolic Labs, to ensure integrity, immutability, determinism, and resistance to tampering. Additionally, OVM guarantees verifiability through on-chain transactions, promoting transparency and trust in the results.
This demo and experiment of Open Desci Platform Alpha and its record on-chain (on Open Chain) has also been released to the public to showcase the power of OVM to the public. Users can check out this link for more information.
The Research Challenge
Decoding the genetic fingerprints of viruses has traditionally required expensive supercomputers and extensive infrastructure—resources often out of reach for many researchers. For years, virologists have been constrained by financial and logistical challenges, forcing them to focus more on acquiring equipment than advancing scientific discovery. Moreover, the reliance on private or centralized computing resources has limited peer reviews, making it difficult to reproduce results and raising concerns about the integrity, reliability, and trustworthiness of the findings.
Entering the OVM Revolution
The Open Virtual Machine (OVM) offers a high-performance, decentralized, and verifiable compute layer, designed to democratize access to advanced computational resources. Its implementation begins with a demonstration and experimental applications on Open Chain, showcasing its capabilities in bridging decentralized computation with the immutability of blockchain technology. By bridging powerful decentralized computation with blockchain immutability, OVM is a Data Wormhole for innovations like verifiable and transparent AI and DeSci. The Open collective includes @RSS3_, @_RSSHub, and @openinfo.
RSS3 is a decentralized network indexing and structuring data, delivering accessible and valuable Open Information to the next X (prev. Twitter), Google, OpenAI, and beyondfor AI and decentralized science (also known as DeSci).
Key Features of OVM in Decentralized Science
Reproducibility Guaranteed: Every computation is verifiable and reproducible, a critical feature for peer-reviewed scientific research. Secure Data Processing: A built-in Trusted Execution Environment (TEE) safeguards sensitive data, ensuring integrity and tamper resistance throughout the computational process. Effortless Genomic Analysis: Researchers can now compare viral genomes, such as [SARS-CoV-2] and [SARS-Tor-2], in a decentralized and democratized manner, without permission and access to exclusive and expensive hardware. These capabilities highlight the expanding potential of OVM in decentralized science (DeSci), paving the way for further innovations in transparent and democratized research.
The Bridge Between Blockchain and Beyond
OVM’s architecture introduces a framework that integrates blockchain’s on-chain immutability with scalable, decentralized computing resources, including GPU support for demanding computational tasks. This design enables efficient execution of compute-intensive applications, such as:
AI and Machine Learning Training DeFi Risk Assessments and Financial Modeling Real-Time DeSci, Gaming, and Metaverse Simulations Whether it’s simulating virus interactions, optimizing decentralized finance protocols, or powering the next-gen virtual worlds, OVM provides immutable, verifiable, and transparent computational solutions. These advanced capabilities demonstrate the potential of decentralized systems to address complex, real-world challenges.
Democratizing Research, Unlocking Discovery
OVM enables researchers worldwide to access advanced computational resources without reliance on costly infrastructure. By prioritizing accessibility, the platform emphasizes scientific innovation over financial constraints. This approach fosters global collaboration, empowering researchers to address critical challenges such as pandemics and climate change.
Open and Modular by Design
OVM’s modular architecture allows decentralized applications to tap into scalable computing power through partnerships with decentralized providers like Hyperbolic, Gensyn.ai, and Aethir Cloud, or virtually anyone with spare computational resources. This design supports the creation of an open and transparent ecosystem for research and development, accessible globally and at any time.
Exploring OVM-Powered Genomic Analysis (Coming Soon on Mainnet)
The OVM-powered infrastructure will enable users to analyze the genetic sequences of:
SARS-CoV-2 Genome SARS-Tor-2 Genome The Open DeSci team is preparing to release the Alpha version of its demo and experimental platform. This release will showcase the capabilities of OVM in performing DNA sequence alignment, providing a practical example of its potential in decentralized science.
The Future of Compute is Open
Available now on Open Chain for demo purposes, with support for more platforms on the horizon, OVM is ushering in a new era of decentralized science. By bridging the gap between blockchain and advanced decentralized computation, OVM unlocks the true potential of the Open Web and DeSci, paving the way for breakthroughs in Science, AI, and beyond.
OVM removes infrastructure barriers, enabling scientific progress to be driven by creativity and innovation. This approach represents a significant step forward in the evolution of open science.
About Open (aka webisOpen on X, coll. Incl. RSS3)
Open is a series of endeavors aimed at propelling the Open Web forward. Collectively, Open is the Data and Compute Wormhole for innovations like verifiable and transparent AI and DeSci. The Open collective includes @RSS3_ @_RSSHub & @openinfo_. webisOpen.
RSS3 is a decentralized network indexing and structuring data, delivering accessible and valuable Open Information to the next X (prev. Twitter), Google, OpenAI, and beyond.
[PRESS RELEASE – San Francisco, California, December 31st, 2024]
Open (also known as webisOpen on X, collective includes RSS3) is transforming virological research and decentralized science (DeSci) through its innovative Open Virtual Machine (OVM). This technology, integrated with the Compute Wormhole, facilitates the on-chain analysis of genetic similarities between two viruses: SARS-CoV-2 (sequenced in Wuhan, 2019) and SARS-CoV (sequenced in Toronto, 2003).
This analysis is performed fully on-chain using Open’s Open Virtual Machine (OVM) within a Trusted Execution Environment (TEE) (together known as Open’s Compute Wormhole) utilizing and bridging decentralized compute from Hyperbolic Labs, to ensure integrity, immutability, determinism, and resistance to tampering. Additionally, OVM guarantees verifiability through on-chain transactions, promoting transparency and trust in the results.
This demo and experiment of Open Desci Platform Alpha and its record on-chain (on Open Chain) has also been released to the public to showcase the power of OVM to the public. Users can check out this link for more information.
The Research Challenge
Decoding the genetic fingerprints of viruses has traditionally required expensive supercomputers and extensive infrastructure—resources often out of reach for many researchers. For years, virologists have been constrained by financial and logistical challenges, forcing them to focus more on acquiring equipment than advancing scientific discovery. Moreover, the reliance on private or centralized computing resources has limited peer reviews, making it difficult to reproduce results and raising concerns about the integrity, reliability, and trustworthiness of the findings.
Entering the OVM Revolution
The Open Virtual Machine (OVM) offers a high-performance, decentralized, and verifiable compute layer, designed to democratize access to advanced computational resources. Its implementation begins with a demonstration and experimental applications on Open Chain, showcasing its capabilities in bridging decentralized computation with the immutability of blockchain technology. By bridging powerful decentralized computation with blockchain immutability, OVM is a Data Wormhole for innovations like verifiable and transparent AI and DeSci. The Open collective includes @RSS3_, @_RSSHub, and @openinfo.
RSS3 is a decentralized network indexing and structuring data, delivering accessible and valuable Open Information to the next X (prev. Twitter), Google, OpenAI, and beyondfor AI and decentralized science (also known as DeSci).
Key Features of OVM in Decentralized Science
Reproducibility Guaranteed: Every computation is verifiable and reproducible, a critical feature for peer-reviewed scientific research. Secure Data Processing: A built-in Trusted Execution Environment (TEE) safeguards sensitive data, ensuring integrity and tamper resistance throughout the computational process. Effortless Genomic Analysis: Researchers can now compare viral genomes, such as [SARS-CoV-2] and [SARS-Tor-2], in a decentralized and democratized manner, without permission and access to exclusive and expensive hardware. These capabilities highlight the expanding potential of OVM in decentralized science (DeSci), paving the way for further innovations in transparent and democratized research.
The Bridge Between Blockchain and Beyond
OVM’s architecture introduces a framework that integrates blockchain’s on-chain immutability with scalable, decentralized computing resources, including GPU support for demanding computational tasks. This design enables efficient execution of compute-intensive applications, such as:
AI and Machine Learning Training DeFi Risk Assessments and Financial Modeling Real-Time DeSci, Gaming, and Metaverse Simulations Whether it’s simulating virus interactions, optimizing decentralized finance protocols, or powering the next-gen virtual worlds, OVM provides immutable, verifiable, and transparent computational solutions. These advanced capabilities demonstrate the potential of decentralized systems to address complex, real-world challenges.
Democratizing Research, Unlocking Discovery
OVM enables researchers worldwide to access advanced computational resources without reliance on costly infrastructure. By prioritizing accessibility, the platform emphasizes scientific innovation over financial constraints. This approach fosters global collaboration, empowering researchers to address critical challenges such as pandemics and climate change.
Open and Modular by Design
OVM’s modular architecture allows decentralized applications to tap into scalable computing power through partnerships with decentralized providers like Hyperbolic, Gensyn.ai, and Aethir Cloud, or virtually anyone with spare computational resources. This design supports the creation of an open and transparent ecosystem for research and development, accessible globally and at any time.
Exploring OVM-Powered Genomic Analysis (Coming Soon on Mainnet)
The OVM-powered infrastructure will enable users to analyze the genetic sequences of:
SARS-CoV-2 Genome SARS-Tor-2 Genome The Open DeSci team is preparing to release the Alpha version of its demo and experimental platform. This release will showcase the capabilities of OVM in performing DNA sequence alignment, providing a practical example of its potential in decentralized science.
The Future of Compute is Open
Available now on Open Chain for demo purposes, with support for more platforms on the horizon, OVM is ushering in a new era of decentralized science. By bridging the gap between blockchain and advanced decentralized computation, OVM unlocks the true potential of the Open Web and DeSci, paving the way for breakthroughs in Science, AI, and beyond.
OVM removes infrastructure barriers, enabling scientific progress to be driven by creativity and innovation. This approach represents a significant step forward in the evolution of open science.
About Open (aka webisOpen on X, coll. Incl. RSS3)
Open is a series of endeavors aimed at propelling the Open Web forward. Collectively, Open is the Data and Compute Wormhole for innovations like verifiable and transparent AI and DeSci. The Open collective includes @RSS3_ @_RSSHub & @openinfo_. webisOpen.
RSS3 is a decentralized network indexing and structuring data, delivering accessible and valuable Open Information to the next X (prev. Twitter), Google, OpenAI, and beyond.
[PRESS RELEASE – San Francisco, California, January 8th, 2025]
RSS3 has introduced a comprehensive Web3 dataset on Hugging Face, serving as a valuable resource for AI applications. This decentralized and verifiable dataset transforms machine learning by granting developers open access to structured data derived from platforms such as Farcaster and Lens, fundamentally reshaping the construction of AI and decentralized applications.
New Step in Web3 AI
The RSS3-powered dataset offers a verifiable solution for parsing, transforming, and analyzing decentralized Web3 data. By leveraging RSS3 Nodes for content indexing, the dataset aims to guarantee ownership integrity and transparency. This innovation allows developers and researchers to train models, build recommendation systems, and power decentralized applications without facing API rate limits or data access barriers.
The Backbone of Machine Learning
Structured Data Designed with machine learning applications in mind, the dataset incorporates several components:
Handle: Author profiles from platforms like Farcaster and Lens. Body: The main content of posts. Media: Links to hosted media files categorized by MIME type. Profile & Publication IDs: Unique identifiers enabling granular data tracking. Timestamps: Real-time accuracy for publication or indexing dates. This streamlined structure facilitates effortless integration into machine learning pipelines, providing immediate value for training adaptive AI models.
Fueling Verifiable AI The effectiveness of AI depends on diverse, open datasets. By sourcing data from decentralized platforms, the RSS3 dataset provides the breadth and depth required to train unbiased and contextually aware models. By capturing a wide spectrum of social interactions, the dataset enables the development of safer and more inclusive AI systems.
Joining the Decentralized Data Revolution RSS3’s collaboration with Hugging Face highlights its dedication to advancing innovation through open, decentralized data. RSS3 offers SDKs, frameworks, and grants via the Open Information Initiative, empowering developers to build the next generation of AI and Open Web applications.
About RSS3
The Largest AI Open Data Network Since its inception in 2021, RSS3 has solidified its role as a leader in decentralized data, operating the world’s largest Open Web network. More than 80 RSS3 Nodes, including one operated by Google, collaborate to source and index decentralized content while ensuring verifiability and transparency. By eliminating traditional API constraints, RSS3 delivers bulk datasets, making Web3 and Open Data readily accessible for AI development pipelines.
Users can explore the dataset or start building with RSS3: docs.rss3.io. Users can access the first Web3 dataset: huggingface.co/high_quality_open_web_content. Users can apply for an Open Information Grant: openinformation.io/grant.
Blockchain-based game and DeFi protocol Aavegotchi (GHST) nabbed significant investor attention on Monday as its price rocketed nearly 37%. Notably, with the crypto exchange behemoth Binance extending support to the token, market sentiments for the Web3 gaming and Defi protocol have turned highly bullish. Recently, the exchange announced the launch of futures listing for GHST, following which the token’s price surged remarkably.
Binance Launches Aavegotchi (GHST) USD-Margined Perpetual Contract On September 23, Binance officially announced the launch of the Aavegotchi (GHST) USD-Margined perpetual contract (GHSTUSDT) in a release. As per the announcement, the perpetual contract will go live today at 13 UTC. Users on the platform can enjoy up to 75x leverage trading the coin. Meanwhile, the underlying asset for the contract remains Aavegotchi.
The capped funding rate set by the exchange was at +2.00% / -2.00%. However, the exchange also clarified that the contract remains subject to changes based on market risk conditions. Users may see changes in the funding fee, tick size, maximum leverage, initial margin, and maintenance margin ahead. Nevertheless, the announcement has set off waves for the gaming and Defi protocol as its price soared roughly 37% in light of the Binance listing.
Aavegotchi boasts itself as a project that has adorable ghosts on the Ethereum blockchain, each with a unique set of traits. The ghosts also contain crypto tokens, represented by collateral symbols on their heads.
Token Price Shoots Up 37% Simultaneously, GHST price surged approximately 37% in the past 24 hours to reach $1.201. The coin’s intraday low and high were recorded as $0.8713 and $1.21, respectively. Traders appear to have reacted positively to the listing announcement as the coin’s intraday trading volume surged by a staggering 1103% to $17,757,512.
It’s worth noting that today’s price upswing primarily falls in line with the abovementioned futures listing, as also seen with other tokens previously. CoinGape Media earlier reported that TON-based Catizen (CATI) price shot up over 30% upon listing on the same CEX.
Similarly, even the price of the Solana coin FIDA experienced significant gains with its futures listing on the exchange. Altogether, these past chronicles rationalize Aavegotchi (GHST) price upswing today. Crypto market enthusiasts continue to monitor the coin for further price action shifts.
The token of the blockchain-based game and DeFi protocol Aavegotchi (GHST) experienced a remarkable increase of approximately 37% on Monday, following an announcement of support from Binance. The leading cryptocurrency exchange revealed its plans to launch futures contracts for the token, resulting in a response similar to that observed with various altcoins. The listing of futures contracts typically indicates increased liquidity, demand, and consequently, volatility.
On September 23, Binance officially announced the launch of the Aavegotchi (GHST) perpetual contract (GHSTUSDT). As reported in a last-minute update, trading commenced today. Users can leverage up to 75 times on the token. In light of this announcement, the token price surged by approximately 37%, significantly impacting the protocol.
Aavegotchi introduces a project where adorable ghosts with unique characteristics exist on the Ethereum $1,623 network. These ghosts contain cryptocurrency tokens symbolizing collateral. In essence, it is a novel experimental project that combines DeFi and NFTs around cryptocurrencies.
GHST Token RisesThe price of GHST rose by about 37% within the last 24 hours, reaching $1.201. The coin recorded intraday low and high points of $0.8713 and $1.21, respectively. Traders responded positively to the announcement, increasing the coin’s trading volume by 1103% to $17,757,512.
Today’s price increase appears directly linked to the newly listed perpetual contracts; similar instances have been noted with other tokens previously. For instance, the price of the TON-based Catizen (CATI) surged by over 30% upon its listing on the same exchange.
Likewise, the altcoin FIDA within the Solana $68 ecosystem saw significant gains due to the futures contract listing on the exchange. These past examples rationalize today’s price increase for Aavegotchi (GHST). Cryptocurrency enthusiasts continue to monitor the coin’s future price movements.
The listing of GHST Coin on the Binance exchange and the introduction of new futures contracts have led to a substantial price increase for the token. This development once again highlights the impact of major exchange listings on projects within the cryptocurrency market. Investors should exercise caution regarding price movements triggered by such announcements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto game Aavegotchi is set to migrate from one Ethereum scaling network to another following a successful community vote—and in the process, another gaming-centric network is set to bite the dust.
On Tuesday, a DAO vote for Aavegotchi to migrate from Ethereum sidechain network Polygon to Coinbase's Base layer-2 network reached quorum. The proposal, written by Aavegotchi developer Pixelcraft Studios, suggested that the game "perform a full, 'all-in, no-looking-back' migration to Base."
Aavegotchi is one of the longest-running projects in the crypto gaming space, with the play-to-earn virtual pet game first announced in 2020. The game's GHST token launched later that year, and character NFTs dropped in early 2021.
But the crypto gaming space has changed dramatically in the five years since, with play-to-earn gaming experiencing a massive surge and crash in 2021 and 2022 centered around Axie Infinity, while a resurgence in crypto gaming sentiment last year has led to cratering token valuations in recent months amid market shifts.
Aavegotchi attempted to pivot last year with the launch of its own layer-3 gaming chain called Geist, which would be powered in part by technology from both Arbitrum and Base. The network launched with a "member's only" model that would require fees, but would then reward players as a result.
But now Geist will be "sunsetted" as a result of the vote, and according to Aavegotchi founder CoderDan, the move was prompted in part by what he saw as a lack of gaming traction on Polygon, as well as stagnant or declining DeFi activity. He added that spinning up another layer-3 chain was unlikely to benefit Aavegotchi at this time.
"Although Geist is a good idea in theory for the Aavegotchi ecosystem," he wrote, "the benefits of migrating to our own L3 in this current environment are outweighed by the downsides—namely isolation, onboarding friction, and costs of running our own chain, including developer tools, in addition to the rollup itself."
According to the proposal, the migration is expected to take 4-6 weeks, due to preparation work that had already been done for the Geist launch. All existing NFT assets will be cloned and re-minted on Base, with the original Polygon assets "frozen and not usable" as the new versions take over.
Aavegotchi's GHST token is down 4% on the day and 28% on the week, currently priced at $0.438 per data from CoinGecko. The downswing comes amid a highly volatile market of late—one that has not been kind to the vast majority of gaming tokens.
Numerous gaming chains launched in 2024, but already a few have folded. The makers of the Minecraft-like Hytopia revealed plans in February to shutter their Hychain network, while Treasure aims to "retire" its Treasure Chain following a recent team downsizing and budget crisis. Xterio Chain is also shutting down, with all assets being migrated to BNB Chain.
But the trend hasn't completely subsided. Earlier Tuesday, iCandy Interactive and ZKsync builder Matter Labs debuted ZKcandy, their new Ethereum scaling network focused on mobile gaming.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In This Article Aavegotchi Founder Made The Proposal To Leave Polygon And Go "All-In On Base"Polygon Vs. Base - Why Did Aavegotchi Leave One For The Other?BONUS: Solaxy (SOLX) Is The First Native L2 On Solana And Just Hit $29.5m In Presale Funding Aavegotchi, an NFT protocol with a focus on Web3 gaming, has opted to abandon blockchain network Polygon and switch to Base, a Coinbase-linked Ethereum layer-2 chain, according to the results of an on-chain vote.
Yesterday (April 8), Aavegotchi’s community members voted 93.25% in favor of a proposal to “Make Aavegotchi Based Again” by shutting down the protocol’s smart contracts on Polygon (POL) and re-deploying on Base.
Let’s Make Aavegotchi Based Again https://t.co/nIoFseAsVi pic.twitter.com/X8UQQXmPnp
— Aavegotchi 👻 (@aavegotchi) April 9, 2025
Aavegotchi Founder Made The Proposal To Leave Polygon And Go “All-In On Base” @coderdannn, the Aavegotchi founder, stated a key reason for the proposal was the competitiveness within the L2 ecosystem and that Polygon “has not shipped any significant updates or features to PoS to enable better ecosystem coherence or discovery for gaming.”
From the proposal back in February, @coderdannn said, “Given our close relationship with the Base team, as well as recent developments in the Base ecosystem, we believe the most +EV move for Aavegotchi (for this cycle, at least) is to sunset Geist (Polygon deployment) and go all-in on Base.”
At the time, Dan also confirmed that Pixelcraft Studios, the developer behind Aavegotchi, “recently made significant team cuts to reduce our burn and extend the runway.”
DISCOVER: CoinPoker Drop CoinMasters Tournament With World Series Event Package and $250K USDT Prizes
Memecoins, GameFi, and NFTs have been some of the hardest-hit crypto sectors over the past 12 months. This situation has only worsened in the last week due to President Donald Trump’s plan to impose sweeping tariffs on most US imports.
The migration to Base from Polygon reflects Aavegotchi’s efforts to adapt to the market downturn by switching to a prominent L2 and leaving one that isn’t making any waves within the Web3 gaming sector.
Base also has the benefit of being launched by Coinbase in 2023. Coinbase is the largest cryptocurrency in the US by trading volume and second in the world behind Binance.
Polygon Vs. Base – Why Did Aavegotchi Leave One For The Other?
(DEFILLAMA)
Aavegotchi’s decision to leave Polygon comes as it faces ongoing challenges in maintaining users and total value locked (TVL) in the face of competition from Ethereum layer-2 chains, such as Arbitrum and Base.
Polygon was once the go-to L2 solution and in 2021 its TVL went as high $10 billion. As of today (April 8), DefiLlama shows its TVL at $716 million. This marks a huge fall from grace while both Base and Arbitrum hold $2.59b and $2b, respectively.
Due to its harsh fall as a top L2 solution, Polygon has fallen outside the top 10 chains and currently ranks 13th, behind Aptos in 12th.
TVL is a key metric used to assess the strength of a blockchain’s DeFi (decentralized finance) sector. It measures the total amount of assets deposited in a protocol, typically for yield-bearing incentives.
It reflects user trust and adoption but also serves as an indicator of available liquidity across the network. Typically, chains with higher TVL are the most popular and widely used. This is evidenced by the top five chains by TVL, which include Ethereum, Solana, BNB Smart Chain, Bitcoin, and Tron.
Aavegotchi is an OG in the web3 gaming space, launching in 20202 via a collaboration between Pixelcraft Studios and Aave, the leading decentralized lending protocol with over $16 billion TVL.
It functions as a blockchain-based game and as a DeFi protocol for staking and NFTs. Users can sell, buy, and upgrade their Gotchi while earning the GHST token and interest based on their activities and staking.
BONUS: Solaxy (SOLX) Is The First Native L2 On Solana And Just Hit $29.5m In Presale Funding Regarding L2’s, the aforementioned Ethereum ecosystem of sidechains is already established as a multi-billion-dollar sector. Solaxy (SOLX) is targeting a niche in the market as the only native L2 solution on Solana.
By introducing a sidechain for Solana, users will experience fewer failed transactions and enhanced speed while maintaining the low cost and security of Solana’s mainnet.
As for developers, it brings confidence in building at scale. And for Solana as a whole, Solaxy could be the missing piece needed to finally become the ‘Ethereum Killer’ it has been touted as since its launch in March 2020.
The SOLX presale offers an opportunity for early positioning. Over $29.5 million has already been secured by eager investors. It represents a perfect opportunity, especially for those who missed Solana when it was trading under $1 in 2020.
To take part in the presale, visit the official Solaxy website and make a purchase using SOL, ETH, USDT, USDC, BNB, or even a bank card.
You can also connect with a supported crypto wallet like Best Wallet to store and view your $SOLX tokens before launch.
Follow Solaxy on X to stay updated, join the growing community on Telegram, and participate in what could be Solana’s next big breakthrough.
Visit The Solaxy Website To Find Out More
EXPLORE: 20+ Next Crypto to Explode in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Aave-backed NFT gaming project Aavegotchi leaves Polygon to build on Base chain Aavegotchi founder cites close relationship with Base and its inclusion of GameFi as a key reason for leaving Polygon Base is the 6th largest chain by TVL, with over $2.5bn, while Polygon has fallen to 13th with just $716m Solaxy (SOLX) aims to corner a niche market as the first native L2 on Solana #Presales
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Alex Ioannou
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Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
The Aavegotchi game is moving to Coinbase's Base.Aavegotchi's founder cites a lack of support from Polygon.Polygon says Aavegotchi received a grant ahead of the migration proposal.Aavegotchi, the crypto game, will leave the Polygon blockchain after members voted overwhelmingly on Tuesday to migrate to Coinbase’s Base blockchain.
The open source game involves players using so-called Aavegotchis, which are like digital customisable versions of the Japanese Tamagotchi toys, to earn valuable tokens.
The Aavegotchi community, including the game’s founder Daniel Mathieu, say they are unhappy with Polygon’s lack of support for crypto games.
“Polygon has not shipped any significant updates or features to PoS to enable better ecosystem coherence or discovery for gaming,” Mathieu, who proposed the migration to Base, said in an X post.
A whopping 93% of the game’s community voted in favour of the move.
It’s another vote of confidence in Base, which under Coinbase’s stewardship has grown into the biggest Ethereum layer 2 with $3.6 billion in deposits, and the sixth biggest blockchain overall, since its 2023 launch.
Hello! This chart will be available in a few moments
DeFi deposits to Base have soared to over $3.6 billion since its 2023 launch.But for Polygon, it’s yet another setback as the blockchain struggles to stay relevant in an increasingly competitive industry.
Polygon’s DeFi deposits, which peaked at $12 billion in 2021, have shrunk 14 times to just $850 million as it loses ground to newer competitors like Base and Arbitrum.
A spokesperson for Polygon told DL News that it respected Aavegotchi’s decision, and that the gaming venture may have received a $500,000 to $1 million grant from Base prior to announcing the migration.
DL News could not confirm the grant or its details. Mathieu did not immediately respond to a request for comment.
Aavegotchi is a somewhat niche game, but it’s loved by many DeFi diehards because of its connection to top DeFi lender Aave. Aside from riffing on Aave’s branding, the game counts the lending protocol’s founder Stani Kulechov among its advisors.
Mass migrationBase wasn’t the only blockchain Aavegotchi considered for its migration. Mathieu also looked at moving the game to the Arbitrum or Ronin blockchains.
He said he ultimately decided on Base due to the Aavegotchi team’s close relationship with the Base team, and the blockchain’s strong ties to Coinbase and crypto social media platform Farcaster.
Now the Aavegotchi community has endorsed the move, work can begin on the migration.
The plan is to permanently lock the Aavegotchi smart contracts on Polygon, then clone all contracts and assets and deploy them on Base, a process that should take four to six weeks.
Mathieu said much of the migration work has already been done due to a previous plan to move the game to its own dedicated layer 3 blockchain.
It’s not the first falling out between Aave’s community and Polygon.
In December, two major Aave DAO delegates told DL News they would vote to shutter the lending protocol’s Polygon version over a proposal to invest $1 billion in idle crypto on the Polygon-Ethereum bridge with a competitor.
Polygon Labs CEO Marc Boiron told DL News at the time that the proposal was in a preliminary stage and many months from becoming a reality, and characterised the Aave delegates’ proposed response as “anti-competitive.”
Aave currently accounts for around 38% of all DeFi deposits on the Polygon blockchain.
Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out with tips at [email protected].
The well-known gaming project Aavegotchi in the cryptocurrency world is preparing for a significant shift in its infrastructure. Following a community vote, the project will transition from the Polygon network to the Base network supported by Coinbase. This crucial decision reflects Aavegotchi’s aim to reach a broader user base and reduce operational challenges. Additionally, the termination of the project’s short-lived sidechain, Geist, is part of this transition process.
Transition to Base Network and NFT RestructuringThe Aavegotchi development team announced that the entire platform will move to the Base network, backed by a new proposal approved by the DAO. This transition is seen as impactful not only from a technical infrastructure standpoint but also in terms of the project’s overall dynamics. According to the plans, all NFTs currently on the Polygon network will be cloned and produced on Base within four to six weeks. Meanwhile, assets on the old network will be frozen and rendered unusable.
This transformation process requires users to restructure their assets in their wallets and closely monitor how the project will operate on the new platform. Despite uncertainties for investors, the development team is committed to conducting the process transparently. This transition, considered a significant milestone for Aavegotchi, also aims to reduce the project’s technical debt and lighten operational burdens.
Increasing Industry Competition and Strategic DirectionAmid recent chain closures and network changes in the cryptocurrency market, Aavegotchi’s move appears to be part of a broader industry trend. Particularly, GameFi projects are striving to enhance their sustainability by shifting to faster, more visible, and scalable networks. With the Base network, Aavegotchi is expected to reach a wider user base and take advantage of the benefits offered by Coinbase’s infrastructure.
According to co-founder CoderDan, “While Geist was a good idea in theory, the disadvantages of using our own L3 chain outweigh the advantages in the current environment.” These words reflect a vision questioning Aavegotchi’s previous chain strategy and seeking clearer steps for the future. The project aims to not only keep pace with technological advancements but also enhance its competitiveness by adapting to the rapid transformation in the industry.
Launched in 2020, Aavegotchi started operating before competitors like Axie Infinity and built a loyal community with its NFT-based gaming experience. However, technical challenges and limited visibility over time led the project to seek different solutions. With the new network transition, the aim is to overcome these issues and achieve a more flexible structure for the project.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
GBM, the auction protocol reinventing how value is distributed onchain, has announced the launch of its inaugural Auction Festival, a multi-month celebration of auctions, rewards and community participation. The festival kicks off in partnership with leading Web 3.0 names, including The Sandbox, Aavegotchi, Unstoppable Domains, Song a Day, Vision.io and more – all showcasing the power of GBM’s proprietary win-win auction model, where every bidder gets rewarded, not just the winner.
This event marks the first phase of GBM’s full protocol launch and upcoming token release.
Alongside the auctions, participants can engage in quests, earn incentives and unlock exclusive rewards, all designed to showcase GBM’s next-generation auction mechanics ahead of its full protocol launch.
A new standard for onchain auctions Traditional auctions reward only the highest bidder, leaving everyone else with nothing, despite shared exertion in their time, capital and interest.
This is a zero-sum model that creates friction, fosters sniping and kills genuine price discovery, often leading to both sides being disenfranchised.
This winner-takes-all model is broken, and GBM introduces a paradigm shift with its win-win model.
With the GBM auction, outbid participants receive their full bid back along with an incentive, turning participation into a rewarding act.
This flips the traditional format on its head, creating a dynamic, trustless, high-engagement environment where competition drives true market discovery, not manipulation or luck.
Already, several leading Web 3.0 projects have embraced GBM’s win-win model for its transparency, flexibility and ability to engage communities without extractive mechanics.
Sandy Carter, COO of Unstoppable Domains, said,
“We’re thrilled to join the upcoming Auction Festival and bring our Web 3.0 domains to the GBM auction platform.
“This innovative win-win auction model makes Web 3.0 domains more accessible and engaging for everyone – from first-time buyers to seasoned collectors.”
Sébastien Borget, co-founder and COO of The Sandbox, said,
“GBM auctions have introduced a new layer of excitement and strategy to LAND sales in The Sandbox metaverse.
“Our community is more engaged than ever, bidding on prized virtual LAND near their favorite brands and celebrities.
“Even those who don’t win walk away rewarded, turning every bid into a fun and rewarding experience.
“Bidding has become thrilling, fair and a new way to earn SAND along the way.”
For GBM, the Auction Festival is a milestone in the protocol’s evolution.
Hugo McDonaugh, co-founder and CEO of GBM, said,
“The GBM Auction Festival is our way of showing people what a modern auction should feel like – fun, fair and built around rewarding participation.
“Bidders get rewarded for their role in discovering the true market value of the seller’s assets, resulting in an outcome where everybody wins.”
A festival that rewards participation The Auction Festival will run from late June through to early September, bringing together partner-led auctions, community quests and protocol-wide incentives.
Highlights include the following.
Live partner auctions, including but not limited to – Aavegotchi, Unstoppable Domains, The Sandbox and Freename Participation incentives for all bidders – not just winners Community quests and tiered engagement rewards Giveaways, competitions and community events The festival is also a gateway to deeper protocol participation.
Through the festival and the GBM community program, users can earn points for bidding, selling, completing quests, collecting trophies, badges, NFTs and other rewards.
These incentives ultimately lead to a share of the GBM token when it’s launched.
Learn more about the GBM Protocol and the Auction Festival The Auction Festival officially begins on June 30, 2025.
Users can do the following.
Learn more about the festival and the GBM protocol here. Join the community here. Follow for updates here. About GBM GBM is the auction protocol redefining how value is distributed onchain.
At the heart of GBM is its innovative win-win auction model, which rewards every participant, not just the winner. This sets a new standard for price discovery and value alignment across Web 3.0.
To date, GBM has powered over $200 million in bidding volume and distributed over $6 million in rewards to bidders, proving its model at scale.
Trusted by top Web 3.0 ecosystems including The Sandbox, Aavegotchi and Unstoppable Domains, GBM is the next-generation auction layer for crypto-native platforms – making auctions more transparent, engaging and fair for everyone.
For more information, users can visit here.
Contact Jake Scott, head of marketing at GBM Auctions
GBM, the auction protocol reinventing how value is distributed onchain, has announced the launch of its inaugural Auction Festival, a multi-month celebration of auctions, rewards, and community participation.
The Festival kicks off in partnership with leading Web3 names, including The Sandbox, Aavegotchi, Unstoppable Domains, Song a Day, Vision.io, and more, all showcasing the power of GBM’s proprietary Win-Win auction model, where every bidder gets rewarded, not just the winner.
This event marks the first phase of GBM’s full protocol launch and upcoming token release. Alongside the auctions, participants can engage in quests, earn incentives, and unlock exclusive rewards, all designed to showcase GBM’s next-generation auction mechanics ahead of its full protocol launch.
A New Standard for Onchain Auctions
Traditional auctions reward only the highest bidder, leaving everyone else with nothing, despite shared exertion in their time, capital, and interest. This is a zero-sum model that creates friction, fosters sniping, and kills genuine price discovery, often leading to both sides being disenfranchised. This winner-takes-all model is broken, and GBM introduces a paradigm shift with its Win-Win model.
With the GBM auction, outbid participants receive their full bid back along with an incentive, turning participation into a rewarding act. This flips the traditional format on its head, creating a dynamic, trustless, high-engagement environment where competition drives true market discovery, not manipulation or luck.
Already, several leading Web3 projects have embraced GBM’s Win-Win model for its transparency, flexibility, and ability to engage communities without extractive mechanics.
“We’re thrilled to join the upcoming Auction Festival and bring our Web3 domains to the GBM auction platform. This innovative Win-Win auction model makes Web3 domains more accessible and engaging for everyone — from first-time buyers to seasoned collectors.’’ – Sandy Carter, COO, Unstoppable Domains
“GBM auctions have introduced a new layer of excitement and strategy to LAND sales in The Sandbox Metaverse. Our community is more engaged than ever, bidding on prized virtual LAND near their favourite brands and celebrities. Even those who don’t win walk away rewarded, turning every bid into a fun and rewarding experience. Bidding has become thrilling, fair, and a new way to earn $SAND along the way.” – Sébastien Borget, Co-Founder & COO, The Sandbox
For GBM, The Auction Festival is a milestone in the protocol’s evolution.
“The GBM Auction Festival is our way of showing people what a modern auction should feel like – fun, fair, and built around rewarding participation. Bidders get rewarded for their role in discovering the true market value of the seller’s assets, resulting in an outcome where everybody wins.” – Hugo McDonaugh, Co-Founder & CEO, GBM
A Festival That Rewards Participation
The Auction Festival will run from late June through to early September, bringing together partner-led auctions, community quests, and protocol-wide incentives. Highlights include:
Live partner auctions, including but not limited to: Aavegotchi, Unstoppable Domains, The Sandbox, and Freename. Participation incentives for all bidders, not just winners. Community quests and tiered engagement rewards. Giveaways, competitions, and community events. The Festival is also a gateway to deeper protocol participation. Through the Festival and the GBM Community Programme, users can earn points for bidding, selling, completing quests, collecting trophies, badges, NFTs, and other rewards. These incentives ultimately lead to a share of the GBM token when it’s launched.
To learn more about the GBM Protocol and the Auction Festival
The Auction Festival officially begins on the 30th June 2025.
Users can:
Learn more about the Festival and the GBM protocol here: https://docs.gbm.auction/ Join the community here: https://discord.gg/gbmauction Follow for updates here: https://x.com/GBMauction About GBM
GBM is the auction protocol redefining how value is distributed onchain. At the heart of GBM is its innovative Win-Win auction model, which rewards every participant, not just the winner. This sets a new standard for price discovery and value alignment across Web3.
To date, GBM has powered $200M+ in bidding volume and distributed over $6M in rewards to bidders, proving its model at scale.
Trusted by top Web3 ecosystems including The Sandbox, Aavegotchi, and Unstoppable Domains, GBM is the next-generation auction layer for crypto-native platforms – making auctions more transparent, engaging, and fair for everyone.
For more information, users can visit: https://web3.gbm.auction
GBM, the auction protocol reinventing how value is distributed onchain, has announced the launch of its inaugural Auction Festival, a multi-month celebration of auctions, rewards, and community participation.
The Festival kicks off in partnership with leading Web3 names, including The Sandbox, Aavegotchi, Unstoppable Domains, Song a Day, Vision.io, and more, all showcasing the power of GBM’s proprietary Win-Win auction model, where every bidder gets rewarded, not just the winner.
This event marks the first phase of GBM’s full protocol launch and upcoming token release. Alongside the auctions, participants can engage in quests, earn incentives, and unlock exclusive rewards, all designed to showcase GBM’s next-generation auction mechanics ahead of its full protocol launch.
A New Standard for Onchain Auctions
Traditional auctions reward only the highest bidder, leaving everyone else with nothing, despite shared exertion in their time, capital, and interest. This is a zero-sum model that creates friction, fosters sniping, and kills genuine price discovery, often leading to both sides being disenfranchised. This winner-takes-all model is broken, and GBM introduces a paradigm shift with its Win-Win model.
With the GBM auction, outbid participants receive their full bid back along with an incentive, turning participation into a rewarding act. This flips the traditional format on its head, creating a dynamic, trustless, high-engagement environment where competition drives true market discovery, not manipulation or luck.
Already, several leading Web3 projects have embraced GBM’s Win-Win model for its transparency, flexibility, and ability to engage communities without extractive mechanics.
“We’re thrilled to join the upcoming Auction Festival and bring our Web3 domains to the GBM auction platform. This innovative Win-Win auction model makes Web3 domains more accessible and engaging for everyone — from first-time buyers to seasoned collectors.’’ – Sandy Carter, COO, Unstoppable Domains
“GBM auctions have introduced a new layer of excitement and strategy to LAND sales in The Sandbox Metaverse. Our community is more engaged than ever, bidding on prized virtual LAND near their favourite brands and celebrities. Even those who don’t win walk away rewarded, turning every bid into a fun and rewarding experience. Bidding has become thrilling, fair, and a new way to earn $SAND along the way.” – Sébastien Borget, Co-Founder & COO, The Sandbox
For GBM, The Auction Festival is a milestone in the protocol’s evolution.
“The GBM Auction Festival is our way of showing people what a modern auction should feel like – fun, fair, and built around rewarding participation. Bidders get rewarded for their role in discovering the true market value of the seller’s assets, resulting in an outcome where everybody wins.” – Hugo McDonaugh, Co-Founder & CEO, GBM
A Festival That Rewards Participation
The Auction Festival will run from late June through to early September, bringing together partner-led auctions, community quests, and protocol-wide incentives. Highlights include:
Live partner auctions, including but not limited to: Aavegotchi, Unstoppable Domains, The Sandbox, and Freename. Participation incentives for all bidders, not just winners. Community quests and tiered engagement rewards. Giveaways, competitions, and community events. The Festival is also a gateway to deeper protocol participation. Through the Festival and the GBM Community Programme, users can earn points for bidding, selling, completing quests, collecting trophies, badges, NFTs, and other rewards. These incentives ultimately lead to a share of the GBM token when it’s launched.
To learn more about the GBM Protocol and the Auction Festival
The Auction Festival officially begins on the 30th June 2025.
Users can:
Learn more about the Festival and the GBM protocol here: https://docs.gbm.auction/ Join the community here: https://discord.gg/gbmauction Follow for updates here: https://x.com/GBMauction About GBM
GBM is the auction protocol redefining how value is distributed onchain. At the heart of GBM is its innovative Win-Win auction model, which rewards every participant, not just the winner. This sets a new standard for price discovery and value alignment across Web3.
To date, GBM has powered $200M+ in bidding volume and distributed over $6M in rewards to bidders, proving its model at scale.
Trusted by top Web3 ecosystems including The Sandbox, Aavegotchi, and Unstoppable Domains, GBM is the next-generation auction layer for crypto-native platforms – making auctions more transparent, engaging, and fair for everyone.
For more information, users can visit: https://web3.gbm.auction
GBM, the auction protocol reinventing how value is distributed onchain, has announced the launch of its inaugural Auction Festival, a multi-month celebration of auctions, rewards, and community participation.
The Festival kicks off in partnership with leading Web3 names, including The Sandbox, Aavegotchi, Unstoppable Domains, Song a Day, Vision.io, and more, all showcasing the power of GBM’s proprietary Win-Win auction model, where every bidder gets rewarded, not just the winner.
This event marks the first phase of GBM’s full protocol launch and upcoming token release. Alongside the auctions, participants can engage in quests, earn incentives, and unlock exclusive rewards, all designed to showcase GBM’s next-generation auction mechanics ahead of its full protocol launch.
A New Standard for Onchain Auctions
Traditional auctions reward only the highest bidder, leaving everyone else with nothing, despite shared exertion in their time, capital, and interest. This is a zero-sum model that creates friction, fosters sniping, and kills genuine price discovery, often leading to both sides being disenfranchised. This winner-takes-all model is broken, and GBM introduces a paradigm shift with its Win-Win model.
With the GBM auction, outbid participants receive their full bid back along with an incentive, turning participation into a rewarding act. This flips the traditional format on its head, creating a dynamic, trustless, high-engagement environment where competition drives true market discovery, not manipulation or luck.
Already, several leading Web3 projects have embraced GBM’s Win-Win model for its transparency, flexibility, and ability to engage communities without extractive mechanics.
“We’re thrilled to join the upcoming Auction Festival and bring our Web3 domains to the GBM auction platform. This innovative Win-Win auction model makes Web3 domains more accessible and engaging for everyone — from first-time buyers to seasoned collectors.’’ – Sandy Carter, COO, Unstoppable Domains
“GBM auctions have introduced a new layer of excitement and strategy to LAND sales in The Sandbox Metaverse. Our community is more engaged than ever, bidding on prized virtual LAND near their favourite brands and celebrities. Even those who don’t win walk away rewarded, turning every bid into a fun and rewarding experience. Bidding has become thrilling, fair, and a new way to earn $SAND along the way.” – Sébastien Borget, Co-Founder & COO, The Sandbox
For GBM, The Auction Festival is a milestone in the protocol’s evolution.
“The GBM Auction Festival is our way of showing people what a modern auction should feel like – fun, fair, and built around rewarding participation. Bidders get rewarded for their role in discovering the true market value of the seller’s assets, resulting in an outcome where everybody wins.” – Hugo McDonaugh, Co-Founder & CEO, GBM
A Festival That Rewards Participation
The Auction Festival will run from late June through to early September, bringing together partner-led auctions, community quests, and protocol-wide incentives. Highlights include:
Live partner auctions, including but not limited to: Aavegotchi, Unstoppable Domains, The Sandbox, and Freename. Participation incentives for all bidders, not just winners. Community quests and tiered engagement rewards. Giveaways, competitions, and community events. The Festival is also a gateway to deeper protocol participation. Through the Festival and the GBM Community Programme, users can earn points for bidding, selling, completing quests, collecting trophies, badges, NFTs, and other rewards. These incentives ultimately lead to a share of the GBM token when it’s launched.
To learn more about the GBM Protocol and the Auction Festival
The Auction Festival officially begins on the 30th June 2025.
Users can:
Learn more about the Festival and the GBM protocol here: https://docs.gbm.auction/ Join the community here: https://discord.gg/gbmauction Follow for updates here: https://x.com/GBMauction About GBM
GBM is the auction protocol redefining how value is distributed onchain. At the heart of GBM is its innovative Win-Win auction model, which rewards every participant, not just the winner. This sets a new standard for price discovery and value alignment across Web3.
To date, GBM has powered $200M+ in bidding volume and distributed over $6M in rewards to bidders, proving its model at scale.
Trusted by top Web3 ecosystems including The Sandbox, Aavegotchi, and Unstoppable Domains, GBM is the next-generation auction layer for crypto-native platforms – making auctions more transparent, engaging, and fair for everyone.
For more information, users can visit: https://web3.gbm.auction
With nearly 90% of votes cast against the proposal, Aavegotchi’s community appears poised to reject a $3.2 million buyout that would dissolve the DAO and transfer the IP.
With two days left to vote, Aavegotchi holders are overwhelmingly opposing a $3.2 million acquisition offer from a Chinese venture firm, with nearly 90% of participating votes cast against the deal so far.
The proposal, introduced on July 22 by a community member acting as an intermediary, outlined an offer from Rongming Investment to buy out the DAO treasury — approximately 16 million GHST — at a 60% discount to the 14-day moving average price for roughly $3.2 million in USDC stablecoins.
Although the rationale behind the proposed 60% discount remains unclear, the deal outlined in the proposal would grant Rongming Investment full rights to use and market the Aavegotchi IP, dissolve the DAO, and distribute the proceeds to active community members.
With just over 2 million GHST tokens participating, the vote has reached only 28% of the required quorum. The vote is scheduled to conclude on July 25. If the current trend holds, the acquisition offer will be rejected.
GHST Price ChartAmid the vote, GHST is up 16% in the past week, according to CoinGecko.
Aavegotchi, a DeFi game revolving around digital “fren” avatars similar to Tamagotchi, migrated from Polygon to Base earlier this year after its community voted to make the switch.
Commenting on the decision, Daniel “CoderDan” Mathews, co-founder of Pixelcraft Studios and a lead developer of Aavegotchi, explained in an X post that the move was driven by Polygon’s limited support for crypto gaming, and involved re-minting NFTs on Base and shutting down Aavegotchi’s custom Layer 3 chain, Geist, due to its low adoption.
In March 2021, Aavegotchi sold 10,000 NFTs in less than a minute, and with additional sales of wearable and consumable NFTs, players spent a total of $5.5 million.
A look at where Pixelcraft Studios’ energy is going in the year ahead.
Over the past few months, the Aavegotchi ecosystem has gone through a quieter period along with the rest of the gaming sector of crypto. That has naturally led to uncertainty and renewed discussion around direction and priorities. This post is meant to clearly outline where Pixelcraft Studios is focusing its energy in 2026 as we build Aavegotchi alongside the DAO and broader community.
The following is a (non-exhaustive!) list of our priorities in the first half of 2026.
Quick SummaryWe’re prioritizing mobile-first, crypto-native games on Base in 2026DeFi Dungeon expands from alpha into a live experiment with faster iterationRektless launches on mobile in Q1Gotchiverse gets incremental upgrades and collaborationsGuardians gets maintenance + events, not major contentDapp stays stable, secure, and mobile-optimizedOpen-source revival starts with Gotchi MinerOur 2026 Strategy: Accessible, Onchain Crypto GamingWe believe the next phase of crypto gaming is about earning attention, improving distribution, and delivering experiences that are native to crypto.
That means focusing on:
Games that are fast to understand and easy to play, with built-in shareabilityOnchain and DeFi mechanics that add real value and lean into crypto-native behaviorTight feedback loops between gameplay, ownership, and game economiesIn 2026, we’re emphasizing rapid experimentation, supported by new AI-first workflows that allow us to iterate faster and test ideas more efficiently - particularly on mobile and on Base, where we see the strongest opportunity for growth.
What We’re Shipping FirstExpanding DeFi Dungeon’s ReachDeFi Dungeon has shown promising early traction with alpha testers. The next step is to bring it to a wider Aavegotchi audience - and beyond - to better understand how players engage with its mechanics over time.
Our focus here is on:
Lowering barriers to entry and improving retentionImproving mobile accessibilityContinuing to experiment with degen-friendly mechanics that reflect where crypto gaming is headingTrue to the year’s focus, we are intentionally treating DeFi Dungeon as a live experiment - iterating quickly and letting player behavior guide what comes next.
👉 Visit https://dungeons.aavegotchi.com to enter the Dungeon.
Your feedback is appreciated and will help determine how the game develops!
Rektless: Mobile LaunchQ1 will see the mobile release of Rektless, a fast-paced competitive side-scroller.
Rektless is a focused effort to ship a complete, polished game loop centered on skill-based gameplay. Non-holders and Aavegotchi holders can play on equal footing, while holders benefit from deeper customization - rendering their own Gotchis using our new, open-sourced sprite collection.
Rektless will ship with four Alchemica themed courses in addition to the Base themed map seen in the image above.
👉 A desktop preview is available now at https://rektless.gg
Gotchiverse: A Maturing HomeworldLate last year, we introduced the ability for any ERC-20 token to spawn, be gathered, and be lost in battle within the Gotchiverse. These bespoke mechanics remain live and active.
Our 3D homeworld continues to host REALM farming and ad-hoc P2E events, particularly during Discord Community Calls (Saturdays, 2–3pm UTC).
Rather than rushing major expansions, our focus is on thoughtful iteration on the existing stack.
Look forward to incremental updates throughout 2026 that focus on expanding the world's capabilities as well as collaborating with other crypto-native communities.
👉 Jump in at https://gv3d.gotchiverse.io
Gotchi Guardians: Live on SteamGotchi Guardians remains live on Steam and will continue to be supported throughout 2026. Players can expect:
Bug fixes and general upkeepOngoing playability and stability improvementsOccasional tournaments and events, including DAO-led or partner collaborationsThat said, we want to set clear expectations: major new content updates for Gotchi Guardians are unlikely in 2026. As a studio, we’re choosing to focus our development energy on titles earlier in their lifecycle and more closely aligned with our mobile-first, onchain strategy.
We remain proud of Gotchi Guardians and deeply grateful to everyone who continues to play and support it.
👉 Play Guardians now at https://www.gotchiguardians.com
The Aavegotchi Dapp & MarketplacePixelcraft continues to maintain and improve aavegotchi.com and the Baazaar NFT marketplace with an emphasis on reliability, security, and open-source development.
This includes:
Ongoing maintenance and performance improvementsSelect UX and feature upgrades where they provide clear valueEnsuring the Dapp remains a stable foundation for games and assets built on topThe Aavegotchi Dapp is now live on Base App and we continue to explore ways to optimize for the mobile platform. If you haven’t already, consider joining Base App today.
Reviving Open-Source Development (Powered by AI)Aavegotchi has a long history of community-built, open-source games. Some of those experiences have fallen out of maintenance over time, and in 2026 we’re taking steps to bring key classics back online - starting with Gotchi Miner.
Mine as many blocks as you can when you play Gotchi Miner.In parallel, we’re working to better support builders by:
Exploring AI-centric tools (Agents, MCPs) to lower entry barriers for developersUpdating documentation so it serves as a reliable source-of-truth for AI and SDK integrationContinuing support for the Unity SDK and open sprite librariesOur goal is to enable building and experimentation across the Aavegotchi ecosystem easier and more accessible.
Expanding GHST Awareness and Utility GHST, the fully liquid eco-governance token of Aavegotchi, remains a crucial marker by which the wider crypto community values the Aavegotchi project.
With our migration from Polygon to Base fully completed in 2025, Pixelcraft is now exploring new ways of expanding GHST utility beyond governance and unit of account for the Aavegotchi ecosystem. In-game consumption, staking and staker-aligned perks are some areas we are very interested in pursuing.
This area of research is open for all in AavegotchiDAO to contribute, so as always, if you have an idea on how to expand GHST utility or awareness, make a thread in the DAO forum.
A Year of Focused Execution2026 is about focus, shipping, and rapid iteration.
But Aavegotchi isn't just one company. It's a whole community, and we're building together. We welcome your active participation, whether it's playtesting games and giving feedback, creating tools to expand the ecosystem, discussing ideas in the DAO forum, or attending the weekly hangouts and making your voice heard.
If we all work hard together, Aavegotchi can and will have a bright future in 2026.
Here's to a productive year ahead, frens.
What Pixelcraft Accomplished in 2025 (Highlights)Launched Gotchi Guardians on SteamShipped DeFi Dungeon and hosted playtesting and balance experimentsMaintained and improved the Aavegotchi Dapp, Baazaar, and GBM Auction HouseContinued Gotchiverse operations and broke new ground with major updatesSupported community tournaments, events, and DAO-led initiativesMaintained open-source tooling, including sprites, SDKs, and developer resourcesContinued stewardship of Aavegotchi’s onchain infrastructure across BaseNetworked and repped Aavegotchi at IRL events alongside Gotchigang
In every bull cycle in the crypto market, a few investment themes always drive the market. These themes usually target eliminating pain points in the industry or bringing about wider adoption. They get the most venture capital allocations and usually mint the next class of crypto millionaires. In December 2019, Ryan Selkis, the CEO of Messari Crypto, released a document titled “Crypto Theses for 2020”, where he made bold predictions of what theses he believed would drive the crypto market in 2020. Most of them went on to be winners, like decentralised finance projects, layer one blockchains, yield and staking protocols, and decentralised autonomous organisations, returning 4-digit multiples in most cases for early investors. Ever since, the treasure hunt has continued mainstream, with many crypto investors scouring through research to find the next bull market catalysts before everyone else does and getting in early to ride the wave to riches.
2024 Themes Crypto has indeed come a long way. It has had a widely successful ride from a humble $185 billion in early 2020 to $3 trillion in late 2021. This growth has been driven by ever-changing yet innovative narratives as the industry continues to disrupt traditional finance. This year, we have identified three dominant themes that will supercharge the next market expansion phase. They are interoperability infrastructure, cross-chain interactions, and wallet services. Let’s take a dive into them.
Interoperability Infrastructure The fundamental issue of fragmented liquidity across decentralised financial markets has been one that has plagued the industry for so long. It is also one that has been actively worked on, given its limiting impact on capital efficiency and user onboarding. Deep in their infrastructural frameworks, blockchain networks lack the interoperability to support extensive worldwide adoption and developer integration. Assets are technically localised in individual blockchains, making cross-chain communication rather difficult or, as some critics say, inherently broken. This is exactly why we believe that protocols that successfully build bridges to connect major blockchains will be strong winners this season.
Router Protocol and Rootstock have emerged as frontrunners in this frontier. Router is an innovative decentralized network built using the Cosmos Software Development Kit with a mission to help blockchains understand and interact with each other. Earlier this year, it rolled out its Testnet Mandara as a home for interoperable decentralized applications (idApps). On Mandara, infra-level flexibility, modular security, and transaction batching were brought to its core cross-chain transaction routing. Just last month, it updated its flagship product, Voyager, to Router Nitro across 17 EVM (Ethereum, BNB Chain), non-EVM (Near, Tron), and zK-EVM chains (Polygon, zKsync) with extra levels of security, compatibility, decentralisation, and cost efficiency. Safe to say Router is a pioneer in this groundbreaking field. Rootstock has made remarkable progress, too. Rootstock describes itself as an omnichain interoperability protocol designed to enable dApps to build across multiple blockchains. Through its product, Rootstock has enabled cross-chain transfers with unified liquidity and instant finality. Backed by major investors, it supports multiple chains, helping them connect and utilise the Bitcoin blockchain. The protocol uses ultra-light nodes to connect dApps across chains, simplifying development and enhancing scalability.
Cross-chain Interactions The current progression of Web3 closely resembles the early 2000s mobile revolution, marked by a surge in interest and rapid uptake, signaling a significant change in our methods of connection and interaction.
Yet, embracing Web3 requires navigating a complex learning path, including understanding cross-chain transactions, token basics, and the intrinsic value of various projects. Despite increased awareness, 46% of non-users point to a lack of understanding of the technology as a major barrier to entry, with 27% uncertain about how to begin their Web3 exploration.
Given these hurdles, it’s crucial to concentrate on a key element of Web3 – Cross-chain Interactions. These interactions, central to a flourishing Web3 ecosystem, enable smooth transactions and transfers across diverse blockchain platforms.
Router Cross-chain Intent Framework (CCIF) aims to make cross-chain transactions simple and efficient, similar to how social media apps have streamlined digital communication. It allows users to easily perform complex blockchain operations like staking, lending, or swapping assets. Router CCIF has the potential to broaden the opportunities by enabling interactions across multiple blockchains, making activities like yield farming or trading NFTs on various platforms accessible to everyone, regardless of their technical expertise in blockchain. Additionally, Router CCIF is designed for future innovations, potentially integrating with technologies like AI and IoT for new applications in smart city development, healthcare, and more. The framework also offers streamlined tools for developers, making it easier to create new applications by building upon existing contracts.
Custodial and Non-Custodial Wallet Services FTX in 2021, Electrum in 2018, Trezor, Trust Wallet, Metamask earlier in the year, and Ledger last week, the custody headache continues. “Not your keys, not your coins” versus “Your keys, your coins, maybe.”
At first, the argument for non-custodial wallet providers was that you no longer needed to blindly trust centralized platforms, but instead, you could now guard your coins yourself by securing your keyphrase. However, for all the stress it brings having to primarily protect your digital assets, the recurring exploits and compounding risks are worrying. One cannot memorize a 12-word seed phrase, navigate complex APIs, and continuously avoid phishing attacks only to have their wallets compromised because of some erroneous bug. It’s just not a fair trade. Nonetheless, we do not expect users, especially DeFi traders, to ditch self-custody options. We only predict that the non-custodial wallet services with stellar security records providing some form of insurance will win going forward. Custody options do not just need to get better; industry veterans need to do a better job educating newcomers. Crypto wallets must also become beginner-friendly and easier to use than PayPal or Apple Wallet while being equally secure, if not more secure, than traditional bank apps.
For users who do not care so much for self-custody, Binance’s Web3 wallet has proven to be a great choice. It easily connects with DeFi and is a great way to navigate CeDeFi integrated services. Komodo also has a pretty cool service that doubles as a cross-chain DEX and a self-custody wallet. Komodo’s added advantage of access to cross-chain liquidity (interoperability) makes it a great option, too. Other good options also exist, like Blockchain.com, Exodus, and cold storage options (most suitable for institutional and long-term retail investors).
Furthermore, with the emergence of digital asset ETFs, institutional custody services could become a highly lucrative niche. So far, Coinbase is winning with over 80% of the market share as it provides services to the likes of Grayscale, Ark, Bitwise, and Valkyrie.
The broad investment themes of interoperability, gaming, and custody indeed look like potential winners in the slowly waking bull market, as they eliminate barriers in mainstream adoption and protocol integration. Obviously, the drivers for the next market expansion will not be limited to these three themes. However, we believe that they will play a major role in pushing for greater heights for the industry.
Router Protocol along with Vanar Chain are excited to join forces and merge the innovativeness of their networks. The two announced that when Router Nitro becomes operational, it will integrate with Vanar Chain’s Mainnet. This turns Router Nitro as one of top bridges for exchanging between chains supported by EVM and Non-EVM via a low-cost, secure, and blazing-fast linking to Vanar Chain.
We're excited to announce our partnership with @Vanarchain, a L1 blockchain ecosystem focusing on entertainment and gaming!
Our cross-chain bridge, Router Nitro, will integrate Vanar Chain once it goes live on Mainnet. Router Nitro will serve as one of the primary bridges,… https://t.co/KBhrOh5CjR pic.twitter.com/0MNPvFd9NP
— Router Protocol (@routerprotocol) April 23, 2024 Vanar Chain and Router Protocol to Expand Opportunities in Blockchain Growth It is a fantastic opportunity for both networks to expand and grow. For Vanar Chain, integrating Router Nitro’s bridge to Mainnet will allow users to enjoy more liquidity, network crossovers, and security breaches protection. Router is putting an end to blockchain apartheid, providing a secure, governable, and modular solution to eliminate market fragmentation and parallel universes.
This integration is perfectly suited to Router Protocol’s ultimate goal of mingling a billion more users into Web3. The firm is dedicated to doing away with blockchain apartheid in order to create a more united and inclusive Web3. Precisely, Vanar Chain is the L1 blockchain community of choice for entertainment and gaming.
Vanar Chain and Router Protocol Lead Cross-Chain Innovation Vanar Chain offers unparalleled solutions to entertainment verticals, providing a fun and immersive experience for all users. The Router Nitro deployment on Vanar Chain Mainnet offers excellent value to the entertainment sector. It also gives gamers a breath of fresh air in more affordable and secure transactions and a chance to engage in cross-chain asset swapping with ease.
Additionally, the new partnership provides an opportunity for innovation in the entertainment and gaming sectors. With the power of Router’s Nitro networks, developers and industry players can develop new business models and profitable areas driving growth and adoption.
As a result, the agreement between Router Protocol and the Vanar Chain can be viewed as a qualitative leap in the evolution of blockchain. The two ecosystems are certain to revolutionize the landscape of cross-chain interoperability, making people, developers, and firms far more capable.
The amount Router Nitro runs on the Vanar Chain Mainnet would ensure that users have the ability to purchase more other assets and possibilities without even trying hard. Simultaneously, developers and businesses can employ the same possibilities to spark interest in everything possible for entertainment and gaming possibilities.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
