OpenAI, a leader in artificial intelligence (AI) development, has received a significant $1.5 billion investment from SoftBank, sparking renewed interest in AI-driven cryptocurrencies.
Meanwhile, a new player is emerging in the crypto AI space: iDEGEN, an innovative community-powered AI project. With dynamic pricing and decentralized control, iDEGEN promises to reinvent how AI interacts with crypto communities.
SoftBank’s $1.5B investment in OpenAI
On November 27, OpenAI announced it had secured a monumental $1.5 billion investment from SoftBank, a leading multinational investment firm.
This deal was part of a tender offer that allows OpenAI employees to sell shares, with SoftBank becoming a major stakeholder in the company. The tender offer not only provides liquidity for employees but also solidifies SoftBank’s commitment to the future of artificial intelligence.
As AI technologies continue to mature, OpenAI has emerged as a central player in the field, with its flagship projects like GPT-3 and DALL·E influencing industries worldwide.
The $1.5 billion deal further elevates OpenAI’s valuation, expected to exceed $157 billion, fueling speculation on how this will impact the broader AI ecosystem.
As a direct result of following the news of the SoftBank investment, the prices of AI-related cryptocurrencies such as Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO), and Injective (INJ) have seen significant rebounds.
Market enthusiasts are optimistic that AI coins could see a sustained rally, benefiting from the ripple effects of OpenAI’s growing influence and SoftBank’s endorsement.
What is iDEGEN?
While OpenAI is securing its place in the AI industry, another project is making waves in the cryptocurrency space: iDEGEN. This AI-powered crypto project, born out of the chaos of meme culture, is revolutionizing the way AI interacts with crypto communities.
Unlike traditional AI models, iDEGEN evolves through interactions on X (formerly Twitter), where users can feed its data through tweets, tags, and comments. Every X post shapes iDEGEN’s understanding of the world, making it a living, breathing, and unpredictable entity.
What sets iDEGEN apart is its community-driven approach. The AI learns from the unfiltered thoughts and opinions of crypto enthusiasts, absorbing the culture of memes, trolling, and crypto madness.
The project’s motto, “shaped by the community,” underpins its core philosophy: iDEGEN is not just a token; it’s an AI that grows and adapts based on the contributions of its followers.
Currently, the iDEGEN project is in the midst of the presale of its native token $IDGN token, which features a dynamic pricing auction system.
Unlike traditional fixed-price token sales, iDEGEN’s presale price adjusts every five minutes based on market activity.
If an interested investor buys $IDGN tokens within five minutes, the price remains steady for the next period. However, if purchases occur consecutively, the price of $IDGN rises by 5%. Conversely, if there’s no activity within the five minutes, the price of $IDGN drops by 5%.
This real-time price fluctuation mirrors the unpredictability of the crypto market itself, creating a unique and thrilling experience for early investors.
At press time, the iDEGEN presale had raised close to $1M, with over 330 million tokens sold. The presale is expected to continue until January 1, 2025, when the token will list on major exchanges.
The future of AI and crypto as OpenAI and iDEGEN lead the market
OpenAI’s $1.5 billion investment from SoftBank signals the growing potential of AI technologies and their influence on the crypto space, while iDEGEN represents a paradigm shift in how AI can be integrated into the world of cryptocurrency.
By empowering communities to shape its evolution, iDEGEN is pushing the boundaries of what a decentralized AI project can achieve.
iDEGEN’s presale success and innovative token model highlight a growing trend of community-driven initiatives that could reshape both the AI and crypto industries in the years to come.
With major players like OpenAI and groundbreaking projects like iDEGEN leading the charge, the future of this dynamic sector looks incredibly promising.
The post SoftBank invests $1.5B in OpenAI as iDEGEN invigorates crypto AI appeared first on CoinJournal.
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