Welcome to the Cosimo Codex!
Thank you for joining us—let’s dive into the latest updates and opportunities together.
This month, we're witnessing significant milestones across multiple protocols and innovations:
Nakamoto Mining Launches of DNA DAO: Since launching our first Vana Data DAO, Cosimo subsidiary Nakamoto Mining has added over 25,000 new X followers. The DNADataDAO now has over 15,000 registered users ready to contribute their 23andMe data to our Data Liquidity Pool. This rapid growth presents intriguing opportunities for the broader DeAI and DeSci ecosystem, offering exciting new development and investment insights.
We do not consent to the sale of our genetic data.
@23andMe is in the spotlight right now because the company is failing. Last week, the entire board of directors quit except for Anne Wojcicki who is trying to take the company private.
23andMe’s genetic data provided by its…Bittensor Subnet Update: The Bittensor network continues its expansion, securing its subnet and further incentivizing participation within its decentralized AI ecosystem.
There are nearly 30 different Bittensor subnets earning > $20M a year … are there even this many AI startups earning that much?Web 3 Battle Royale Game Off The Grid Achieves Massive Launch Numbers: Avalanche subnet-based game Off the Grid is emerging as a significant player in the online battle royale space. The game is already hyperscaling the amount of activity on its Avalanche subnet. Gaming ecosystem tokens like BEAM and DMT may see renewed interest as the value of web3 gaming marketplaces and streaming platforms becomes more and more evident.
Day 5 and Off the Grid just reached 5.5 Million wallets! We are watching the rise of web3 gaming right in front of us.
5.5Million wallet addresses
53 Million transactions
Top 3 shooter game on Twitch
1M+ hours streamed on Twitch
Reach of the game = 800+ Million
Built on its own…
962
Beyond these technical developments, Incentive Design continues to play a crucial role in shaping the next wave of crypto protocols. At Token2049 in Singapore, with over 30,000 attendees, discussions surrounding decentralized AI (DeAI) highlighted how projects like Bittensor and Vana are leveraging token economics to create sustainable ecosystems. Incentive structures are not just a feature of smart contracts; they're the engine driving participation and ensuring economic security across decentralized networks.
To explore more about decentralized AI and how these protocols are reshaping the landscape, dig into our featured articles and podcast episode below!
Beyond Smart Contracts: How Incentive Design Is Driving The Next Wave of Crypto Protocols
At Token2049 in Singapore, over 30,000 attendees engaged in discussions on decentralized AI (DeAI) and other crypto innovations, with highlights including the Zuzapura Summit co-hosted by Cosimo Capital, featuring prominent figures like Vitalik Buterin and Emad Mostaque. The rise of DeAI protocols emphasizes the importance of incentive design in crypto, showcasing how projects like Bittensor leverage token economics to attract participation and ensure economic security within decentralized networks.
Explore the full insights on decentralized AI and crypto protocols in our detailed article!
Bittensor vs Eigenlayer
Bittensor and Eigenlayer are both focused on decentralized services and incentivizing participant engagement, but they differ in their approaches: Bittensor specializes in decentralized AI, using the TAO token to reward contributions, while Eigenlayer provides a more generalized infrastructure allowing Ethereum stakers to secure various decentralized applications with its EIGEN token. Although both networks emphasize modular economic security and participation incentives, they currently operate in distinct spaces, with potential for future collaboration as decentralized AI evolves.
Dive deeper into the comparison of Bittensor and Eigenlayer and discover their unique approaches to decentralized services.
Unlocking Data Ownership with Vana
In this conversation, Vlad Avesalon from Cosimo Capital interviews Anna Kazlauskas, co-founder of Vana, discussing the innovative architecture of the protocol, which focuses on decentralized data ownership through data liquidity pools and DAOs.
+ Things We're Reading - September 2024
Monthly compilation of crypto news, analysis, and think pieces
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