- DePIN project AIOZ has burst into the top 100 cryptocurrencies by market cap after a huge week of growth.
- The project’s market cap soared past US $1.3b, with AIOZ’s price hitting its highest point since way back in 2021.
- AIOZ’s recent surge is in no small part due to a new partnership with AiPets, the Web3 game combining a Tamagotchi with artificial intelligence.
- AIOZ will utilise its W3S network of cloud computing to help AiPets store data in a secure, decentralised manner.
AIOZ has come from the clouds over the past seven days to force its way into the top 100 cryptocurrencies by market cap. In the last 24 hours alone, the DePIN project has amassed gains of 27%, capping off a week of 50% growth.
All up, AIOZ’s market cap exploded past US $1.3b (AU $2b) to its highest point since the coin’s inception in April 2021. It’s been a year to remember for the token, which began 2024 trading at under US $0.16 (AU $0.25) – marking YTD gains of 764%.
So, what’s behind AIOZ’s latest surge?
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AIOZ W3S Network To Be Leveraged by Telegram Minigame With “Smart” Companion
The AIOZ network has exploded on the back of its partnership with the popular Web3 game AiPets.
AiPets is part of the Telegram mini-game wave – however, instead of being tap-to-earn, it’s more like a personal companion. The pet offers “personalised interactions” and adapts to your behaviour thanks to the artificial intelligence coded into the application.
And now, AiPets will leverage AIOZ’s physical computing network to store important game data, such as NFTs, videos and more.
The collab will see adoption for AIOZ grow substantially, and gives the project a great way to prove the efficiency of its network.
What is AIOZ and How Does it Work?
AIOZ is an ambitious cryptocurrency project intending to combine blockchain decentralisation with the growing artificial intelligence industry.
The team plans to accomplish this through DePIN – Decentralized Physical Infrastructure Networks. Essentially, AIOZ has created a P2P network that “comprises 190,000+ global edge nodes contributing their hardware resources to power storage, streaming, and AI computational tasks.”
Node operators, who get started via a simple software application, receive AIOZ tokens in exchange for their device’s processing power.
This provides the AIOZ network with the infrastructure to run powerful AI tasks and perform other cloud computing processes.
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