2024 Crypto Hidden Gems: Week #39

This week, we’ve evaluated and scored quite a lot of promising initiatives.

Please notice that a few of these initiatives are nonetheless pending our code evaluation course of. Nonetheless, we needed to focus on them right here, as they’ve already stood out primarily based on our preliminary basic evaluation. Keep tuned for additional insights as we proceed to evaluate their potential.


Web site | X(Twitter)

Sector – Infrastructure
Standing – Lively

GenLayer is an revolutionary decentralized blockchain platform that permits the execution of AI-powered sensible contracts, generally known as Clever Contracts. These contracts make the most of superior AI fashions to course of pure language instructions and search the net for related knowledge.

What units GenLayer aside is its skill to seamlessly combine AI into decentralized functions, permitting builders to construct clever and autonomous options. The platform’s Clever Contracts can independently execute complicated duties, make knowledgeable choices, and work together with real-time knowledge. By leveraging AI for non-deterministic operations, GenLayer eliminates the necessity for standard oracles, offering a extra dynamic and versatile method to sensible contract execution.

Options 

  • Clever Contracts: GenLayer’s contracts are able to decoding and executing duties utilizing real-time net knowledge and pure language processing, enabling complicated and subjective operations that conventional blockchains can’t deal with.



  • Optimistic Democracy: GenLayer employs a dynamic consensus algorithm powered by AI, the place validators linked to varied Giant Language Fashions (LLMs) work collaboratively to course of transactions. This ensures adaptability and consensus on non-deterministic directions.



  • Actual-Time Knowledge Interplay: The platform permits Clever Contracts to work together with dwell net knowledge, bettering each responsiveness and reliability.



  • Python-Primarily based Improvement: GenLayer helps the event of Clever Contracts utilizing Python, simplifying the method and making it extra accessible to a wider vary of builders.



  • Interoperability: GenLayer is designed to combine seamlessly with different blockchain networks and conventional net companies, enhancing its versatility.

Buyers 


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Sector – AI
Standing – Lively

CerboAI is on the forefront of pioneering the primary Proof of Federated Studying and Edge AI Computation, successfully decentralizing Synthetic Basic Intelligence (AGI) by means of customized AI edge fashions and a strong computing community.CerboAI has developed a distributed community that permits a number of nodes to collaborate within the coaching and inference of AI fashions. This structure eliminates single factors of failure, enhancing the steadiness and robustness of the system. 

Options

  • Distributed Community: CerboAI’s distributed community permits quite a few nodes to have interaction within the coaching and inference of AI fashions, enhancing system stability and robustness whereas eliminating single factors of failure.



  • Open Collaboration: The platform fosters open collaboration and shared know-how by partnering with numerous analysis establishments, builders, and enterprises. This method promotes the alternate of data and assets, driving innovation and developments in AI know-how.



  • Decentralized Determination-Making: CerboAI employs a decentralized decision-making mechanism, guaranteeing that no single entity controls the decision-making course of. Using consensus algorithms and distributed protocols, this mechanism enhances equity and transparency.



  • Safety and Privateness Safety: With a powerful emphasis on safety and privateness, CerboAI implements superior encryption and safety applied sciences all through its design and execution. This safeguards person knowledge and privateness, stopping misuse or unauthorized entry.

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Sector – Infrastructure
Standing – Testnet

Tea Protocol is an revolutionary Web3 resolution constructed on Base, Coinbase’s layer-2 blockchain, geared toward empowering open-source software program (OSS) builders to seize the worth of their contributions. By recognizing and rewarding initiatives primarily based on their affect throughout the broader software program ecosystem, Tea Protocol seeks to reinforce the sustainability and safety of the software program provide chain. This method lastly acknowledges the crucial function of open-source software program deep throughout the know-how infrastructure.

The protocol fosters seamless interplay between initiatives and communities, encouraging contributors to report bugs or vulnerabilities to maintainers for immediate decision. This transparency promotes collaboration amongst contributors with aligned targets. Moreover, a common scoring system quantifies every challenge’s impression throughout the open-source ecosystem, driving wholesome competitors as initiatives attempt to enhance their code and improve utilization to reinforce their rating.

Proof of Contribution – Proof of Contribution is Tea Protocol’s revolutionary consensus mechanism designed to measure the impression of initiatives throughout the complete open-source ecosystem. It assigns a dynamic rating, generally known as teaRank, which displays every challenge’s affect throughout the broader ecosystem over time.

Buyers

Token 

The $TEA token has a complete provide of 10 billion. The protocol generates charges from numerous actions performed by OSS initiatives as they onboard and interact with their communities. A portion of those charges is distributed to $TEA token holders who actively take part within the decentralized community. Moreover, holding $TEA tokens permits customers to have interaction in decentralized governance, enabling them to suggest crucial modifications to the protocol, akin to figuring out which OSS package deal managers must be supported by the Proof-of-Contribution consensus mechanism.



Web site 

Sector – Layer 1
Standing – Not but launched

Pharos is an ultra-fast Layer 1 EVM-compatible blockchain designed for internet-scale functions and funds, providing trustless and decentralized options. As a full-stack parallel blockchain, it’s on the forefront of hyper-parallelism, revolutionizing the effectivity and scalability of blockchain know-how.

Options

  • Scalability: Pharos presents full compatibility with Ethereum decentralized functions (dApps), permitting EVM builders to make the most of their most well-liked toolchains. It considerably reduces storage prices by 80% and helps a billion-level account capability with world deployment and equitable entry. Customers profit from transactions which are 100 instances quicker at decrease prices, delivering an unmatched expertise.



  • Safety: Pharos natively helps gentle shopper protocols for PB-level knowledge volumes whereas using superior safety applied sciences, together with optimum Byzantine fault tolerance in consensus, auditability and formal verification throughout execution, and authenticated storage options. These options guarantee strong safety throughout all ranges of the community.



  • Adaptability: Pharos showcases dynamic extensibility by means of modular and real-time SPN networks, leveraging geographical decentralization and supporting a various vary of software program and {hardware}. By embracing WebAssembly (WASM), Pharos caters to a wide selection of builders and ensures digital machine interoperability, driving on-chain innovation.



  • Twin VM Parallel Execution: A parallel twin VM (EVM and WASM) execution layer with superior compilation strategies.


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Sector – AI
Standing – Lively
FDV – $16M

AgentLayer is a decentralized AI blockchain protocol that’s purpose-built for the collaboration and coordination of autonomous AI brokers. Its imaginative and prescient is to drive innovation and progress throughout a variety of industries and professions by facilitating seamless multi-agent cooperation. It supplies a decentralized, permissionless, safe, and dependable community the place autonomous AI brokers can collaborate and coordinate. Powered by generative AI and huge language fashions (LLMs), AgentLayer allows AI brokers to autonomously make choices and full duties with minimal human oversight.

AgentHub is a platform for builders to handle their AI brokers, permitting the combination of brokers from AgentStudio and people constructed with third-party libraries and hosted on exterior infrastructure.

AgentStudio, constructed on the strong open-source challenge DIFY, presents an array of options tailor-made to enhancing agent improvement throughout the AgentLayer ecosystem. With its user-friendly interface and low-code instruments, customers can simply create chatbots, brokers, and agentic workflows immediately by means of AgentStudio.

Buyers 

Token 

The $AGENT token is central to AgentLayer’s financial mannequin, with functions in on-line transactions, node incentives, agent transactions, governance, person rewards, liquidity mining, and staking. It coordinates the participation of builders, node operators, and customers, facilitating community worth circulation and sustaining ecosystem stability for sustainable progress.Moreover, $AGENT token holders take pleasure in governance rights, permitting them to take part in decision-making and fund allocation, thereby selling transparency and equity. AgentLayer has established a vibrant and energetic AI agent ecosystem by means of these mechanisms.

The place can you purchase the token?

You should buy $AGENT from exchanges like Gate.io, Uniswap V2 (Base) and BingX.

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