Source: Crypto Distilled; Compiled by: Baishui, Golden Finance
The bull market is a marathon, not a sprint. The big winners of 2025 may still be flying under the radar.
Here are 5 upcoming projects I’m keeping an eye on:
Project 1: Nillion
Nillion is creating the foundational layer for private data on the internet.
It integrates more than 8 privacy-enhancing technologies to build a secure network.
It was founded by former Uber and Google experts and aims to revolutionize artificial intelligence with its blind computing technology.
The NIL token, which was recently valued at $400 million, is set to launch in the third quarter of 2024.
How does Nillion work?
Nillion uses cutting-edge privacy technologies such as MPC and Fully Homomorphic Encryption (FHE) to securely process encrypted data.
Working principle:
Preprocessing: Data is masked and wrapped to ensure privacy.
Computation: The masked data is sent to the nodes for processing while hiding the original information.
Project 2: Grass Network
Grass is the world's first Layer 2 data Rollup.
It leverages the bandwidth of over 2 million users to power AI training on the Solana blockchain.
Grass has grown more than 4x year to date and is likely to launch a token designed to become an AI data backbone.
Riding the AI Data Boom:
As artificial intelligence develops, the demand for data continues to grow.
Training an AI like GPT-5 requires around 80 trillion data tokens, a six-fold increase over the GPT-4 model.
As costs rise, tech giants like Google are making huge bids for data, such as the $60 million purchase of Reddit’s data.
In this environment, Grass Network aims to keep data access fair and open.
Project 3: Ritual Network
Ritual brings AI on-chain, enabling developers to embed AI models directly into on-chain smart contracts.
How is Ritual different? It provides AI verification through zkML and opML technologies.
Token details have not yet been announced.
Ritual Superchain:
Ritual is also developing the Ritual Superchain, a modular infrastructure for efficient AI computing.
It has specialized components for tasks such as AI reasoning and knowledge distillation, all of which are done in the AI virtual machine.
In short, it ensures seamless and secure integration of various blockchains and AI models.
Project 4: Allora Network
Allora is a self-improving decentralized AI network that recently raised $35 million.
It aims to democratize advanced AI and provide context-aware intelligence to the global community.
Allora’s work spans topics such as asset price prediction, social sentiment analysis, and natural language generation.
Here is an overview of its main features:
ALLO Token Model:
ALLO tokens use a pay-as-you-go (PWYW) model, allowing holders to set their own inference fees.
If no fees are charged, no rewards are given, which reduces the weight of the topic and redistributes emissions.
This flexible approach allows for price discovery through market dynamics. The token launch date has not yet been announced.
Project 5: Peaq Network
Peaq Network is an L1 blockchain designed specifically for DePIN.
It is the largest and fastest growing DePIN ecosystem with over 750,000 devices and more than 30 DePIN networks.
PEAQ was launched on Coinlist in Q2 2024 and is currently in the final pre-launch stage and is not yet publicly traded.
Key network enhancements:
Peaq enhances DePIN with special features such as machine ID. Here is a brief overview of Peaq’s core fundamentals:
Curious about artificial intelligence?
While I am optimistic about the long-term prospects of cryptocurrency, I know it is not the only option.
If you’re willing to explore new opportunities, AI is definitely worth a look.
