Sponsor: Frax — Fraxtal Ecosystem: Where DeFi Meets AI.
📸 Weekly Market Snapshot: Over the past 7 days, the total market cap of crypto's AI sector slid from $18B to $14B as Bitcoin and the new $TRUMP memecoin dominated attention. Whether a bullish reversal or more sell pressure is in store for next week remains to be seen, but in the meantime onchain AI development efforts are accelerating regardless of the trading slump.
This week, OpenAI, Oracle, and SoftBank announced The Stargate Project, a new $500 billion venture that will see a number of new AI data centers built across the U.S.
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