Day: January 7, 2025

Io.net founder invests $130M in AI crypto startup O.XYZ, targets decentralized AI system development

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Key Takeaways Ahmad Shadid has invested $130 million in O.XYZ to develop a decentralized AI system called DeAIO. The DeAIO framework allows contributors to vote on AI decisions and receive rewards. Share this article Ahmad Shadid, founder of Io.net, has invested $130 million of his personal funds to develop a Decentralized AI Managed Organization (DeAIO) through O.XYZ, according to a Dec. 7 statement shared with Crypto Briefing. The project aims to create a self-governing AI system operating independently of corporate control. Shadid previously served as the CEO of Io.net, where…

Cardano (ADA) Momentum Builds: Rally Has More Room to Run

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Cardano price started a fresh surge above the $1.00 zone. ADA is consolidating and might aim for a fresh increase above the $1.1150 level. ADA price started a downside correction from the $1.1150 zone. The price is trading above $1.00 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $1.075 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.1150 resistance zone. Cardano Price Starts Fresh Surge After forming a…