Fair launch tokens could help the industry return to the true ethos of crypto, according to Arweave's founder.
An Arweave-based computing protocol for artificial intelligence (AI) applications, AO, has attracted over $158 million worth of deposits within a week after its ‘fair launch.’
AO is a new protocol built on Arweave’s permanent data storage layer, that enables parallel application running through a decentralized computational model. It will also enable AI applications to run on-chain, enabling large language models (LLMs) to run within smart contracts.
The success and significant inflows for the AO (AO) token are attributed to the industry’s hunger for new technological solutions, according to Sam Williams, the founder of Arweave.
