Gnosis, whose ecosystem is constructed on Gnosis Chain, a safe and decentralized EVM Layer 1 community, just lately made headlines with the launch of its new division, Gnosis AI.
Introduced on July 30, 2024, Gnosis AI is ready to merge synthetic intelligence with Web3 applied sciences, specializing in enhancing prediction markets and agent-to-agent funds.
Nevertheless, regardless of this important development, Gnosis’s native token, GNO, has seen a notable decline in its market worth though it’s displaying indicators of restoration after the Gnosis AI launch.
Gnosis AI launched by GnosisDAO
The launch of Gnosis AI marks a pivotal second for GnosisDAO, aiming to ascertain itself as a central hub within the intersection of AI and blockchain.
We’re excited to introduce Gnosis AI, a division of Gnosis Labs working on the intersection of AI and web3!
Our imaginative and prescient is to make Gnosis the Schelling level for AI brokers in web3.
Particulars ↓ pic.twitter.com/pesqvtDRes
— GnosisDAO (@GnosisDAO) July 30, 2024
The brand new division seeks to leverage AI brokers to enhance the accuracy and effectivity of prediction markets, an space the place Gnosis has had substantial experience since its ICO in 2017.
Prediction markets, although at present much less liquid in comparison with different decentralized finance (DeFi) sectors maintain appreciable promise for exact forecasting and decision-making.
Gnosis AI’s revolutionary method consists of creating specialised AI brokers able to tackling market questions with various methods. High-performing brokers are reported to attain roughly 65% accuracy.
A notable function of Gnosis AI is the “Social Agent,” which acts as a PR consultant for buying and selling brokers by analyzing latest market bets and offering public explanations.
This initiative aligns with GnosisDAO’s imaginative and prescient of making a extra clear and efficient prediction market ecosystem.
GNO value doubtless hit backside
Regardless of the latest optimistic developments for Gnosis, the GNO value has been on a downward pattern. As of the newest information, Gnosis (GNO) is ranked at place 131 by market cap with a value of $209.37.
Over the previous 24 hours, the token has seen a modest enhance of 1.9%, however its efficiency over the previous week and month tells a special story.
The GNO value has decreased by 12.7% over the previous seven days and 27.4% over the previous 30 days. This decline is a part of a broader downtrend, with the token dropping 21.3% prior to now 14 days.
GNO value chart
Nevertheless, regardless of these short-term challenges, the GNO value has skilled a notable achieve of 80.6% over the previous yr.
The distinction between the revolutionary strides made by Gnosis, significantly with its Gnosis AI launch, and the present market efficiency of GNO underscores the unstable nature of the cryptocurrency market.
Whereas Gnosis AI’s launch represents a major technological development, it has but to positively impression the token’s value trajectory.
Buyers and trade observers will likely be eager to see how Gnosis AI’s integration with Web3 will affect GNO’s market efficiency within the coming months.
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