The new token of the AI sector will be launched on the 24th of this month. Can it save AI?
The $NRN token of AI Arena, an AI-driven Web3 competitive game, will be officially launched on June 24, 2024.
Users can start to claim tokens at 3 pm Beijing time on June 24 (UTC 7:00 am), and the first batch of listings will be traded on the centralized exchange (CEX) at 4 pm (UTC 8:00 am).
AI Arena announced that it has established the CortX Foundation to support the growth and development of the AI Arena ecosystem, and also announced the NRN token economics. In the Season 1 NRN airdrop, 80 million tokens will be distributed to the AI Arena community through airdrops, accounting for 8% of the total supply of 1 billion. Among them, 40 million tokens are used for the upcoming P2A competition and 40 million tokens are used for NRN reward boxes. According to previous news, AI Arena developer ArenaX Labs announced the completion of $6 million in financing earlier this month, led by Framework Ventures, with participation from SevenX Ventures, FunPlus/Xterio and Moore Strategic Ventures.
As Nvidia (NVDA) replaced Microsoft (MSFT) as the most valuable company, market dynamics have changed significantly. The chipmaker's stock rose 3.6%, bringing its market value to $3.34 trillion. Microsoft's market value is $3.32 trillion. The latest growth comes from increased demand for its chips, which are widely used in the field of artificial intelligence.
Can the market be driven by the AI sector? After all, Nvidia has stood on the highest valued US stock. If the AI sector does not start, the market will almost forget about this track!
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