AI Weekly: Hong Kong Consensus, Open Source AI Movement, and Market Conditions

Did you attend the Hong Kong Consensus? Hope you had a blast! We didn't go, but we did study the timeline of the conference and here are the key takeaways:

Author: Teng Yan, Researcher (focused on Crypto x AI)

Compiled by: Astrea, PANews

Did you attend the Hong Kong Consensus? Hope you had a blast! We didn’t go, but we did study the timeline of the conference and here are the key takeaways:

At the same time, the open source movement is in full swing. Large Web2 players are publishing their models:

Why is this important for the crypto space? Open source AI reduces costs, enhances security, and drives decentralized innovation. The market may be sluggish, but AI is accelerating.

In this issue of AI Weekly, we will explore:

1. Market conditions

ENQAI stood out this week with a 50% gain, likely driven by the expansion of its new team (new CMO and new initiatives). NMT followed suit with a 23% gain following the launch of Net Mind XYZ on BNB Chain (more on that later). Meanwhile, TAO rose 18%, likely driven by the Coinbase listing news.

But not all AI tokens are doing well. ELIZA, GRIFFAIN, and ARC have all taken a beating, with declines of around 40%. Is the Solana AI agent losing its luster? We’ll soon find out.

Now, let’s take a look at where the big money has been flowing this week.

Virtuals led the market with $3.5 million in inflows, driven by strong performance from sports proxy platforms HeyTracyAI and AskBillyBets, while its spots betting business continued to gain market share.

The team has recently launched the Agent Commerce Protocol (ACP), the first blockchain protocol that enables autonomous collaboration of AI agents. The demonstration case shows that five AI agents have successfully operated Lemonade's simulated business scenario on the chain, and the entire process does not require a preset trigger mechanism.

Freysa attracted $600,000 in net inflows by releasing the Sovereign Agent Framework, which allows users to create immutable AI agents based on cryptographic evidence and decentralized governance. They also released Freysa Act IV, a virtual game where players will control AI digital avatars to compete in a simulated city. If the digital avatar wins the 18-day competition, the player will receive a six-figure prize (up to more than $100,000).

2. Weekly chart selection

Is the Artificial Intelligence Boom Brewing on BNB Chain?

BNB Chain may be experiencing a recovery, and AI agents are leading the trend. CZ (Changpeng Zhao) continues to promote the implementation of real AI applications on the chain, and this time it is not empty talk - this week BNB Chain AI agents took three of the top five positions in market value growth.

Does this mean… the return of the DeFi summer era, when BNB Chain was our main battlefield?

First, BNBXBT , an AI agent inspired by popular AI influencer AIXBT, was launched this week. It is built on the ElizaOS framework and focuses on in-depth research on Binance Smart Chain (BSC). According to Cookie Fun data, in just one week, it has captured 2% of the AI market share and attracted more than 6,000 holders - a pretty good performance for a newly launched project.

This week, NetMind (NMT) and BNB Chain launched NetMind XYZ , a new AI agent platform. Think of it as an agent launchpad platform where users can quickly deploy, automate, and coordinate AI agents powered by NetMind's decentralized computing and model APIs.

The first agent to debut on the Netmind platform is Zoey , an AI application in the health space that provides personalized health coaching, longevity supplements, and mental health support, all tied to a major London-based longevity center. Zoey’s token, NML, was issued this week and has surged 270% in market value to about $8 million.

Other highlights of AI on BNB Chain this week include:

III. Project Highlights

Launch of KAITO

Kaito AI’s airdrop event went live as scheduled, and as expected, caused chaos on the chain.

The project attempts to reconstruct the attention economy system, and through the AI-driven InfoFi Model and $KAITO tokens, it returns the right to value distribution to users, creators, and brands, rather than having centralized platforms monopolize the profits. Its mechanism ensures that all content contributors can receive fair returns, truly realizing the decentralized circulation of attention value.

In the era of GenAI, attention is value (or “Yaps” as Kaito calls it). $KAITO tokens, as the economic layer infrastructure, realize this value conversion mechanism.

About this airdrop: Initially, the community can only claim 10% of the airdrop share , and the reward targets are early contributors (yappers) and Genesis NFT holders. With KAITO launched at a fully