Morgan Stanley indeed invested in the decentralized AI project Worldbrain, though the exact amount of the investment has not been publicly disclosed. This strategic move highlights the growing interest in the potential of AI and its role in shaping the future.
*What actually is Worldbrain
(i) A decentralized AI project aiming to create a global, interconnected network of intelligent devices known as DePINs (Decentralized Personal Internet Nodes).
(ii) Each DePIN would act as a node in the network, contributing its processing power and storage capacity to the collective intelligence.
(iii) This collective intelligence could then be used to solve complex problems, make informed decisions, and even power the next generation of AI applications.
* Potential benifits after this funding
(i)More efficient and decentralized data processing.
(ii)Enhanced data security and privacy. Democratization of access to AI technology.
(iii)Development of new and innovative AI applications.
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Sleepless AI coin, denoted by AI, has experienced a roller coaster in recent days, reaching an all-time high yesterday, January 4th, 2024, at $1.45, but currently sitting at $1.14, reflecting a 21.7% drop.
Here's a snapshot of its current state:
Price: $1.14 USD
24-hour Trading Volume: $380,796,920 USD
Market Cap: Unavailable due to unreported circulating supply
Rank: Around 9728 (data sources vary)
Things to know about Sleepless AI coin:
Utility Token: AI functions as the native token for the "Sleepless City" play-to-earn game, facilitating various in-game purchases, discounts, and governance participation.
Recent Performance: After a steady climb throughout December, AI surged to its all-time high yesterday but has since corrected sharply. This volatility is not uncommon for smaller altcoins.
Before considering any investment in AI:
* Understand the fundamentals of Sleepless City and the utility of the AI token within the game ecosystem.
Understand the risks: Cryptocurrencies are notoriously volatile, and investing in smaller altcoins like AI carries higher risks.
Invest conservatively: Only invest what you can afford to lose, and diversify your portfolio to mitigate risk.
I hope this information helps you understand Sleepless AI coin better. Remember, the crypto market is ever-evolving, and staying informed is crucial for making informed decisions.
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As recently we saw a selling spike that had triggerd 540 millions dollar woth of long positions and 31 millions dollar of short position to be liquadated. One of the biggest reason of this selling pressure was the blog that had been released by the matixports as " SEC will not approve the spot BTC ETF'S " . They clearly mention in their official page that spot btc is likely to be rejected by the #sec .But all we can say is that the crypto market is very volatile and to this time any negative news can affect the crypto market tremendously regarding the approval and #btchalving2024 is coming nearer but as an investor you should be updated with the news and the reason why spot btc etf's is likely to get rejected .you can read the reason in #matixport.com #SpotBitcoinETF #BTCETFSPOT #btc