Fair launch tokens could help the crypto industry return to its true ethos, according to Arweave’s founder.
AO, an Arweave-based computing protocol for artificial intelligence (AI) applications, has garnered over $158 million in deposits within a week following its ‘fair launch.’
AO is a novel protocol built on Arweave’s permanent data storage layer, facilitating parallel application execution through a decentralized computational model. It also supports AI applications running on-chain, allowing large language models (LLMs) to operate within smart contracts.
The impressive inflow and success of the AO (AO) token highlight the industry’s keen interest in new technological advancements, according to Sam Williams, the founder of Arweave.
Williams says:
“The launch of AO has sparked a tremendous amount of development, usage, and excitement. This is evident in the rapid growth of the network’s total value locked (TVL). The industry is eager for innovation — both in terms of technology and blockchain economics — and AO delivers exactly that.”
Summary Review: AO’s impressive debut highlights the growing demand for advanced technological solutions within the blockchain and AI sectors. The protocol’s ability to seamlessly integrate AI applications with blockchain technology positions it as a pioneering force in the industry, promising to drive further innovation and adoption in the future.
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