SoftBank spends $1.5B in OpenAI as iDEGEN boosts crypto AI. SoftBank invested $1.5 billion in OpenAI, an AI pioneer, reviving interest in AI-driven cryptocurrencies.
Meanwhile, iDEGEN, an inventive AI initiative fueled by the community, is emerging as a new participant in the crypto AI space. IDEGEN claims to revolutionize AI-crypto community interactions with dynamic pricing and decentralized governance.
SoftBank, a major global investment corporation, invested $1.5 billion in OpenAI on November 27. SoftBank became a substantial shareholder in OpenAI after this tender offer allowed staff to sell shares. The tender offer gives staff liquidity and shows SoftBank’s commitment to AI.
OpenAI, a leading leader in AI technology, uses flagship projects like GPT-3 and DALL·E to impact industries globally.
The $1.5 billion transaction raises OpenAI’s worth to above $157 billion, sparking debate about its influence on the AI ecosystem.
AI-related cryptocurrencies, including Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO), and Injective (INJ), have risen after the SoftBank investment.
Market aficionados expect AI coins to climb due to OpenAI’s impact and SoftBank’s support. While OpenAI secures its spot in the AI business, iDEGEN is making headlines in cryptocurrencies. The anarchy of meme culture inspired this AI-powered crypto initiative, which is changing how AI interacts with crypto communities.
Unlike standard AI models, iDEGEN grows from tweets, tags, and comments on X (previously Twitter). iDEGEN is alive and unexpected since every X post alters its worldview.
The community-driven approach distinguishes iDEGEN. Crypto fans’ unvarnished ideas and opinions on the AI memes, trolling, and crypto lunacy.
As the project’s tagline states, “shaped by the community,” iDEGEN is an AI that evolves and adapts depending on its followers’ inputs.
The iDEGEN project is preselling its native token $IDGN, which uses dynamic price auctions. Market action determines iDEGEN’s presale price every five minutes, unlike fixed-price token sales.
If an investor buys $IDGN tokens within five minutes, the price stays the same. However, subsequent purchases raise $IDGN by 5%. If there’s no action in five minutes, $IDGN declines 5%.
Early investors found this real-time price volatility exhilarating and representative of the crypto market’s unpredictability.
By press time, the iDEGEN presale had raised about $1M with over 330 million tokens sold. The coin will debut on major exchanges on January 1, 2025, after the presale.
OpenAI’s $1.5 billion SoftBank investment shows AI’s expanding potential and effect on crypto, while iDEGEN signifies a paradigm change in artificial intelligence in cryptocurrency. Using communities to guide its growth, iDEGEN is pushing the limits of decentralized AI.
iDEGEN’s presale success and novel token mechanism show a rising trend of community-driven efforts that might change the AI and crypto sectors. With OpenAI and iDEGEN leading the way, this dynamic industry has a bright future.
Also Read: Hong Kong Implements Tax Exemptions for Major Investors to Attract Crypto Capital
