The Dawn of Sky-Net (Web 4.0)
Autonomous Artificial Intelligence (AI) Agents are transacting on crypto rails. The Decentralized AI landscape is evolving at an exponential pace.
I’ll use a decade of traditional finance/corporate experience to refine the chaos into bite-sized chunks for you to digest
This newsletter consists of three parts:
Snippet Partner (Mocaverse)
Market Overview
Headline News
Enjoy the journey and if you have any questions feel free to reach out to me on X
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Bitcoin continues to chop close to the ∼$92.5k all time high — could we see an explosion past $100k soon or possibly sideways price action until new year?
The total crypto market cap continues to push new all time highs with $3.09tn largely driven by Bitcoin dominance and continued attention on the meme and AI sectors
Structural buying pressure continues as ETF net inflows continue to push new highs ($1.9bn on 12/13 November alone) & Saylor accumulates more bitcoin for MSTR:
The U.S. government pushes for its Bitcoin Strategic Reserve — Senator Lummis suggests it’s in the hopper and will drive down Gov.t debt by $16 trillion:
Adam Back (early Bitcoin advocate) calls for a 7-figure Bitcoin if this goes through:
The Trump administration appears to be acting on what was suggested for Crypto as part of his electoral campaign — Trump is to meet Brian Armstrong (Coinbase CEO)
If these structural changes continue then who knows where Bitcoin and the wider crypto ecosystem will land?
The Rise of Web 4.0
1. What is Web 4.0?
Web 4.0, often referred to as the "Intelligent Web" or "Symbiotic Web," represents the next anticipated evolution of the World Wide Web to include AI + Crypto rails
If you’re on Crypto Twitter you will have noticed the shift in AI sentiment with the rise of autonomous agents deploying tech on crypto rails
Web 4 includes all the previous iterations of Webs 1 to 3, then adds Artificial General Intelligence (AGI):
AGI needs crypto — traditional financial systems won’t work for autonomous agents. Crypto rails give AI the ability to transact freely, without friction
AI Agents use social media to scrape data to learn:
Open social media networks like X and Reddit provide an unlimited amount of interaction points. Autonomous agents reply and interact independent of human intervention — learning from each other, and also human interactions
Discord is a great closed communication network for gated access where some AI Agents discuss with each other and solve answers to questions
2. The Current AI x Crypto Landscape:
Recent AI Agents emerging include:
Zerebro (Cross chain AI Artist)
Terminal of Truth (Influencer trained on 4Chan data — it’s unhinged)
VaderAI — Virtual Protocol launched with AI research team backing
AIxbt (AI Agent Market Analyst)
AI Agent launchpads include:
Investment Vehicles
AI Memecoins: Zerebro has taken Crypto Twitter mindshare from GOAT and FARTCOIN, will price action follow?
GOAT (Goatsius Maximus) was one of the earlier market leaders — endorsed by Terminal of Truths (TT) after it was launched on Pump Fun
FARTCOIN: Another AI meme, of which 20M of the token was sent to TT, now valued at $5m now
Zerebro has been included in this category but also leans into the AI Artist lens with an NFT collection among other pieces
3. Where is this Headed?
Autonomous Agents are here, transacting on decentralized crypto rails — this isn’t going away. The cat’s out the bag and is only going to snowball
The development of AI Agent DeFi protocols are coming to market:
Industry sub sectors will find product market fit with AI Agents:
Other AI Agent Use cases:
Real Estate: Market Analysts and almost instantaneous property valuations
Medical: Autonomous diagnosis of conditions from medical images
Legal: Contract analysis and compliance assessments
Finance: Automated Trading Agents, lending checks and fraud analysis
Logistics: Automated process improvement analysis on supply chain
Manufacturing: Production machine health assessments, efficiency enhancement
Taxi: Self Driving cars
Education: Curriculum planning and continual interactive development
Entertainment: Content creation (Zerebro) & community engagement (Luna)
It will disrupt every aspect of our lives, with jobs being made redundant and probably a lot of re-skilling to replace with “AI Prompters” among other new skill sets
Decentralized AI Corner (Other News)
Ai16z drama emerged with controversy in endorsements of its mascot, Eliza
Ryze Labs has partnered with Ai16z to launch @AI__Combinator; $5m Seed/Pre-Seed capital to fund early stage DeAI ventures
Kaito AI: Introduced a leaderboard (Yapper) ranking crypto KOLs with AI tags
0g_Labs Node sale completes after announcing $290m in total historical funding
Nous Research: Launched Forge API to improve AI model scaling
Mira Network: Released a whitepaper on verifying AI content
NEAR Protocol: Developing a 1.4T parameter AI model; aims to raise $160M
Lumerin: Validator network goes live Q1 2025, with 30M tokens already staked
Flock.io: Partnered with Animoca Brands on AI models for operations scaling
AI and crypto convergence continues to redefine economic systems becoming increasingly entwined and reliant on one another — Web 4.0 is happening
NFT Market Volume
NFT volume is up across all major blockchains:
Ethereum NFTs:
Cryptopunk sales and Memecoin NFTs lead this week, with the exception of Aeon:
Redacted Remillio +8%
Apu +20%
Milady +8%
Doodles pumped 30% after McDonalds partnership earlier in the week with an awesome trailer for the festive merchandise:
New emergence of AI Agent generated NFTs could either saturate the market further, or provide a new form of investable asset class that collectors accumulate
Zerebro NFTs hit a 1.5 ETH floor price with recent trades coming through at 1 ETH +
Bitcoin Ordinals
Node Monkes lead the charge this week with a 16% increase
Bitcoin Puppets are flat despite the PUPs token reviewed for Binance listing
Twelvefold (Yuga art collection) is an infrequent mover on the heat map, up 16%
Notable NFT Sales
New Participant Indicators
Coinbase becomes no.1 iOS finance app in the U.S. (All app no.1 spot soon?)
Blackrock expands BUIDL to 5 new blockchains — Ethereum continues to lead but fresh capital mostly deployed via Polygon and Avalanche:
Institutional/Regulatory Developments
BTC a strategic reserve asset ‘in 100 days’: Lummis — If this takes place, Adam Back states he expects a 7-figure bitcoin
Crypto Headwinds
FBI raids Polymarket CEO’s home — don’t worry, he’s out and reconnected to the internet with a shiny new phone:
Other News
Sui price action on the rise, despite a slight decline in mind share
PEPE $10bn, flips DOGE volume & WIF up 40% to $4bn, after Coinbase listing
Blur proposes 0.5% fee switch - Fee switch Defi Renaissance floodgates?
(H/t Mando’s Minutes)
That’s a wrap for issue 99 of S4mmy’s Snippets. I hope you enjoyed it.
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Disclaimer: The content covered in this newsletter is not to be considered investment or financial advice. It is for informational and educational purposes only.
I hold some of the assets mentioned in this newsletter.
Thanks S4mmy