AI Economy
The artificial intelligence (AI) industry has witnessed exponential growth in recent years, now boasting a valuation exceeding $10 trillion. This surge in interest is reflected in global search trends. According to Google Trends, searches for “AI” have now surpassed those for “Bitcoin” and “Crypto”, marking a significant shift in public focus.
The AI boom is undeniable, driven by the emergence of major applications such as Google’s Gemini, Microsoft’s Copilot, and OpenAI’s ChatGPT. Since its launch in November 2022, ChatGPT has become the fastest-growing application in history, fueling an $8.2 trillion surge in the combined market valuations of tech’s Big Six — Alphabet, Amazon, Apple, Meta, Microsoft, and Nvidia.
These tech giants have aggressively capitalized on this trend, reaping massive payouts. Silicon Valley, the epicenter of tech innovation, continues to channel the majority of startup funding into AI ventures, mirroring the investment patterns seen during the rise of companies like PayPal, Uber, and Facebook in the early internet era.
Nvidia’s remarkable ascent to become the world’s largest public company in June, with a market
capitalization of $3.2 trillion, exemplifies AI’s transformative impact. Similarly, Microsoft reported an 18% increase in revenue for Q2 2024, reaching $62 billion, largely driven by advancements in AI With billions of dollars pouring into this sector, AI is forecasted to become a multi-trillion dollar market opportunity. This conviction has also extended into the blockchain industry, where the convergence of AI and Crypto has emerged as one of the most compelling narratives of this market cycle. This theme will be further explored in the following section.
AI x Crypto
The transformative power of artificial intelligence (AI) has extended far beyond traditional tech. As noted earlier, search trends reveal a stark divergence: public interest in AI continues to soar, while interest in Bitcoin and cryptocurrency remains relatively stable.
This growing fascination with AI is mirrored in its remarkable resilience. While most sectors experienced sharp declines in 2023, AI stood out, securing 26% of total U.S. startup funding — a 230% increase in its relative share. By comparison, non-AI sectors faced sharp declines, with funding dropping by 65%. Even amid challenging market conditions, AI funding saw only a modest 6% dip, reflecting sustained investor confidence.
Data from RootData highlights this explosive growth: from 2016 to 2022, AI projects raised a cumulative $148.5 million, while 2023 alone saw $298 million — more than double the previous seven years combined.
AI tokens have mirrored this success, outperforming the broader market and ranking as the second-bestperforming category of the year. The sector’s circulating market capitalization has surged to over $26 billion, driven by accelerating adoption and growing interest. Notably, the top five AI tokens outpaced most crypto assets, delivering remarkable gains and cementing AI as the most compelling narrative of the cycle.
NULS Strategic Rebrand and Token Swap
Today, we’re excited to unveil a vision months in the making: NULS AI, the Global AI Consumer Layer. Over the past six months, we have worked closely with some of the biggest names in crypto to lay the foundation for this transformative step.
The introduction of NULS AI is more than just a rebrand; it’s an invitation for our valued NULS DAO community to actively shape the future of our ecosystem. This strategic transition marks a significant milestone, unlocking enhanced utility, broader adoption, and untapped opportunities for NULS holders.
Summary
To support NULS’ transition to a Layer 1 AI blockchain infrastructure, this proposal recommends the following:
Rebranding NULS to [ NULS AI ]
Within the NULS AI network, NAI will serve as the asset unit to define the coin. This concept is similar to SAT in the Bitcoin network, where 1 BTC = 100,000,000 SATS.
In the Bitcoin network, 1BTC=100,000,000 SAT. In the NULS AI, the decimal of NULS Coin is 8, 1NULS=10000 NAI=100000000 NA.
We encourage all NULS partners and communities, including CEXs, DApps, and other stakeholders, to adopt and display this new unit of measurement, NAI. Holding 1 NULS will now be visually represented as 10,000 NAI.
Why Change NULS to NAI?
In the future, we will focus on building and advancing in the field of AI. Reshaping the brand and updating the symbol reflects our strong commitment to this direction.
This proposal recommends renaming the main asset on NULS AI from “NULS” to “NAI”, where 10,000 NAI = 1 NULS. This concept is straightforward and similar to the Bitcoin network, where the smallest unit, a Satoshi (SAT), equates to 1 BTC = 100,000,000 SAT.
The asset symbol change will be implemented both on-chain and off-chain. Your existing NULS assets in decentralized wallets, decentralized exchanges, and other dApps will be displayed as NAI. For example, if you previously held 1 NULS, it will now appear as 10,000 NAI in your wallet. This update will also be applied to centralized exchanges.
We believe this change will enable users and developers to manage assets and conduct transactions more efficiently. Similar to other blockchain networks, adopting a smaller unit enhances transaction precision and convenience (e.g., SAT in Bitcoin). Furthermore, this change aligns with the future expansion and diversification of the NULS AI network, providing greater asset flexibility and supporting the growth of decentralized applications.
The proposed
$NULS to $NAI change is a pivotal repositioning aimed at amplifying the impact of the NULS ecosystem. By transitioning from a traditional blockchain infrastructure to a Layer 1 AI blockchain ecosystem, this initiative paves the way for greater scalability, accelerated adoption, and sustained longterm growth.
This move also capitalizes on the multi-trillion dollar AI market. Over the past year, AI tokens have delivered exceptional returns and have consistently outperformed the broader market, positioning AI as the strongest narrative of this market cycle. NULS is strategically positioning itself to capitalize on this momentum and drive the NULS ecosystem forward.
Empowering NULS Holders
The introduction of NULS AI unlocks a wealth of opportunities for NULS holders, offering enhanced utility (details to be announced soon) and broader adoption. This pivotal token swap proposal, transitioning from NULS to NULS AI, marks a strategic step toward amplifying our goals. It represents a carefully planned repositioning designed to maximize benefits for every member of our community.
Motivation
As NULS transitions to a dedicated Layer-1 AI blockchain ecosystem, a ticker change and rebrand are essential to drive adoption and position the ecosystem for success. The proposed ticker change from NULS to NULS AI strengthens its ability to compete with other blockchain ecosystems and establishes a new era as the foundational token for this innovative infrastructure.
NULS is transforming the AI industry with its tailor-made Layer-1 solution, designed to bring the masses seamlessly on-chain. As the Global AI Consumer Layer, NULS AI aims to compete with leading blockchains while paving the way for the AI industry to embrace decentralized technology.
By expanding the token supply, NULS will attract new users, support liquidity, and fuel sustainable growth, all while retaining the established brand value of NULS in its evolving ecosystem.
The swap is intended to be supported by all major exchanges. Reinvigorates volumes and presents a new concept to the millions newly onboarded to crypto since NULS first debuted.
This NULS Rebranding and Symbol Update Proposal is also now live on NULS forum. Join the forum discussion with us to witness the change taking place!
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