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MyShell Raises $11 Million for its Decentralized AI Consumer Layer

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Tokyo, Japan, March 27th, 2024, Chainwire

Funds from the Pre-Series A round led by Dragonfly will further develop MyShell’s open-source models and agent platform for empowering AI creators

MyShell, a decentralized AI consumer layer, announced today that it has raised US$11 million in a Pre-Series A round, with participation from a cohort of high-profile investors, including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, etc. 

Prominent angel investors, such as former Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, former Paradigm Investment Partner Casey K. Caruso, and ex-Parafi partner Santiago R. Santos also joined the round, which brought MyShell’s total amount raised to date to $16.6 million.

“MyShell is poised to revolutionize the AI creator ecosystem,” MyShell CEO Ethan Sun said. “With this new funding, we’re not just scaling our operations, we’re catalyzing a movement towards a more open, collaborative, and democratic AI landscape.”

MyShell, an AI consumer layer that empowers users to build, share, and own AI agents, is home to over 1 million registered users and 50,000 creators. The company plans to use the new funding to add resources to develop its open-source foundational model; empower AI creators; AI assets trading platform; and further support the open-source community.

In contrast to most dominant AI companies such as OpenAI, MyShell is committed to decentralization and open-source development. This focus has already facilitated the growth of several successful projects on the platform, including OpenVoice, which has earned over 15,000 stars on Github; MeloTTS, a pioneering open-source text-to-speech solution that closely mimics the human voice and supports a wide range of languages and accents; and Allice, the open-source agent framework for complicated AI development workflow.

“The demand for personalized AI experiences has grown explosively in the last year, but right now, most of those experiences are centralized with gatekeepers,” said Dragonfly Managing Partner Haseeb Qureshi. “MyShell uses crypto and decentralization to put the power over the AI ecosystem back into the hands of users and allows open-source creators and communities to work together to create magical experiences and capture the fruits of their labor. There’s a lot of unfounded hype right now at the intersection of crypto and AI, but Ethan and the MyShell team have the technical chops with research backgrounds that allow them to execute their vision.”

The funding reflects MyShell’s position as a pioneer in the AI consumer layer with its open-value network that deploys a revenue-share economic model. MyShell also provides unique toolkit features such as the “Workshop” where users build AI agents through prompts, and “Makerspace,” a no-code AI workflow builder for creators.

The investment enables MyShell to deepen its commitment to lower the barrier for AI creation, fostering a community where openness and collaboration are paramount. By championing decentralization and supporting the creator economy, MyShell is not just building tools; it is nurturing an ecosystem where every voice has the power to shape the AI landscape.

About MyShell

MyShell is the AI consumer layer that empowers users to build, share, and own AI agents. It’s Features include an interactive AI app store that stands on multiple open-source foundation models, and integrates other models into a robust model hub, offering a dynamic and engaging user experience.

Contact

Co-founder
Ethan Sun
MyShell
[email protected]



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Press Release

Crypto Detective Uncovers Massive Investment By Dogecoin (DOGE) and Shiba Inu (SHIB) Whales in New 25X Exchange Token

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The ever-volatile world of cryptocurrency thrives on movement, and a recent discovery by a crypto detective has sent shockwaves through the community. This detective unearthed a massive investment by Dogecoin (DOGE) and Shiba Inu (SHIB) whales in a new token – the DTX Exchange token (DTX). With a potential 25x ROI, this revelation hints at significant shifts in market dynamics and investor sentiment.

 

Demystifying the DOGE & SHIB Whale Involvement

Dogecoin (DOGE) and Shiba Inu (SHIB), both popular memecoins, are known for their origin in internet jokes and dependence on hype and social media trends. While experiencing significant price swings, they lack the real-world utility of other cryptocurrencies.

Investor make-up also differs between these two memecoins. DOGE gained traction through a grassroots movement, attracting individual investors drawn to its playful nature and occasional endorsements by Elon Musk. While larger investors likely hold some DOGE, it lacks a single major backer influencing its price.

SHIB, on the other hand, has a more centralized investor base. A significant portion of initial SHIB tokens were donated to Ethereum’s creator, Vitalik Buterin. While he burned a substantial amount, his remaining holdings and actions can significantly impact SHIB’s price. Additionally, major cryptocurrency exchanges holding SHIB on behalf of users can influence price movements through trading activity.

However, the world of cryptocurrency is shrouded in a veil of mystery, often requiring a keen eye to see beyond the surface. In this case, a crypto detective’s meticulous on-chain investigation exposed the involvement of prominent DOGE and SHIB whales in this intriguing venture.

DTX – A Potential 25x Exchange Token (DTX)

DTX Exchange aspires to be the ultimate cryptocurrency exchange, offering a staggering array of over 120,000 tradable instruments. This goes far beyond just cryptocurrencies, encompassing foreign exchange, stocks, equities, and even contract-for-difference (CFD) trading. DTX isn’t just about breaking records; it’s about building a one-stop shop for all your trading needs, regardless of your investment focus.

The unprecedented scale of investments by DOGE and SHIB whales in the new DTX Exchange token with a potential 25x growth begs the question: what are their motivations? Some speculate that these whales see the potential for exponential growth in the DTX Exchange token.

DTX presents a potentially low-risk, high-reward opportunity for investors, with its ongoing presale priced at $0.02. DTX’s value proposition, combined with positive investor sentiment and potential market upturn, could lead to a significant price increase, assuming overall market conditions remain stable.

Join the ongoing DTX Exchange presale via this link or join their Telegram community for updates and information.



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The Smart Investor Crypto Guide for Early Retirement

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Eager to retire early with a substantial portfolio? Cryptocurrency could be a powerful tool in achieving that goal. As the 2024 bull run takes off, savvy investors are seeking strategies to grow their wealth through intelligent crypto investments. This article is tailored for those aiming to enhance financial freedom with the latest market tips. Get ready to discover how to capitalize on the rising market to boost retirement savings significantly.

 

CYBRO Presale: Meet the First-Ever Earn Marketplace on Blast

 

CYBRO introduces a unified marketplace for consistent crypto earnings, utilizing the Blast blockchain’s innovation. Launching in Q2 2024, the platform invites early investors to its presale for favorable entry terms.

From now on, CYBRO offers its native tokens at attractive prices, starting from just $0.020 apiece, an astounding 66% discount. Token holders will gain preferential access to marketplace services and various bonuses for an enhanced earning experience.

CYBRO will equip users with tools for increased income generation, such as staking, leverage farming, and lending. Enhancing Blast’s competitive interest rates, CYBRO will initially focus on high-yield staking, bolstered by state-of-the-art crypto-fiat and self-custody options.

Beyond staking, CYBRO tokens will enable an exclusive Airdrop, marketplace cashback,  reduced trading and lending fees, and the in-house insurance program.

This robust functionality positions CYBRO for potential value growth just after the TGE in Q3 2024, significantly benefiting presale investors.

>>CYBRO Presale Is NOW Live<<

 

Solana Price Moves and Current State

The current price range for Solana (SOL) is between $131.62 and $161.13. In the last week, SOL’s price changed by 1.15%, and over the past month, it went down by 24.54%. However, looking back six months, the coin has jumped a huge 354.32%. Currently, Solana’s price seems to be in a corrective phase as it is below the 10-day and 100-day average prices.

Looking ahead, SOL’s nearest resistance is at $173.40, and it might hit $202.92 if the momentum keeps up. The closest support lies at $114.36, with a further drop possibly finding a floor at $84.84. Taking into account the mixed signals from the RSI and MACD, and assuming the coin follows market trends, SOL could see fluctuations but possibly some recovery, as the long-term growth remains strong. Remember that predictions cannot guarantee future prices, and staying informed on market trends is vital.

 

Ondo Crypto Price Overview: Slow Recovery or Volatile Downtrend?

Ondo (ONDO) is currently priced between $0.64 and $1.03, with a significant increase over the past six months. The one-week price change shows a modest uptick of 3.81%, while the one-month price change indicates a decline of 9.26%. The price movements seem to be in a corrective phase, as the Relative Strength Index (RSI) at 36.70 suggests a lack of strong momentum, and the MACD Level is nearly flat at -0.01.

Looking ahead, ONDO faces a delicate balance. Optimistic predictions hinge on breaking the nearest resistance at $1.24, potentially leading to a push towards the second resistance level of $1.63. Caution is advisable since if the price falls, it could find support at $0.47 or even drop to the second support level at $0.09. The coin’s performance will likely be influenced by broader market trends and investor sentiment.

 

Pyth Network Crypto Dips and Rises: A Price Movement Analysis

The Pyth Network (PYTH) is currently moving between $0.57 and $0.72. Over the past week, the price fell by 3.60%, and it’s down by 37.75% from last month. However, looking back six months, PYTH has gained 54.03%. The price actions recently show a downward trend, indicating a corrective phase rather than an impulsive one.

As for the future of PYTH, the price might see growth but faces hurdles ahead. With the nearest resistance at $0.79, it has a challenge to overcome. On the downside, if it falls below $0.48, it might find support at $0.33. The mixed signals from RSI and MACD hint that the path ahead could go either way, calling for a cautious yet hopeful outlook for the Pyth Network price trajectory.

 

Optimism Crypto: A Balanced Price Analysis

Optimism’s price has seen varied movement. In a week, the price rose by 7.73%. Over a month, it fell by 38.83%. In six months, it jumped by 74.71%. The coin is currently in the $2.14 to $2.64 range. It shows a mix of moves, with the current tendency not clearly towards a strong upward (impulsive) or downward (corrective) trend based on the indicators provided.

Looking ahead, Optimism’s price could go either way. There’s potential for growth that could push it towards the next resistance at $2.83, and possibly $3.32, if the crypto market does well. However, caution is advised as the price could drop to support levels at $1.85 or even $1.37, especially if the broader market faces challenges. The indicators like RSI and MACD show a neutral market momentum, suggesting the future price could swing in either direction.

 

Conclusion

Cryptocurrencies like SOL, ONDO, PYTH, and OP may not offer high short-term gains. In contrast, CYBRO stands out as an innovative earn marketplace on the Blast blockchain. Its launch in the second quarter of 2024 provides early investors with a chance to buy CYBRO tokens before they are widely available. This can be a strategic move for those aiming for early retirement through smart crypto investments. CYBRO’s unique approach could offer significant returns as it taps into the blockchain’s native yield opportunities.

 

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io





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The Next 5 Cryptocurrencies That Could Explode This Summer

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With the bull run of 2024 picking up speed, investors are on the lookout for the next big movers in the cryptocurrency market. As the summer approaches, certain coins show potential for significant gains. This article highlights five cryptocurrencies that are poised to make substantial strides in the coming months. Enthusiasts and investors alike are eager to discover which ones might see their values soar as the market heats up.

 

BlastUP Presale Ends in Few Weeks, Last Chance to Buy Cheap

BlastUP presale has sparked avid interest among crypto enthusiasts, reaching $5 million in record low time. Over 12,000 savvy investors have already bought BlastUP tokens before their value skyrockets.

The presale runs until the end of May, so there is some time to boost your crypto holdings with BlastUP, the asset poised for explosive returns of up to 1000%. Currently sold at a few US cents, BlastUP tokens are projected to reach $10 by the end of this year.

Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

>> Time is Ticking –  Buy $BLP Before May Ends! <<

 

Render Price Movement and Current Trends

Render (RNDR) is trading between $7.63 and $10.02 currently. In the past week, the coin rose by 6.94%, but over the month, it dropped by 23.98%. In the last six months, RNDR’s value increased by a notable 251.94%. The price moves show back and forth action, suggesting a mix of impulsive and corrective movements.

Predicting RNDR’s future involves both hopeful and wary views. The coin faces a strong challenge near $10.95 and heavier pressure at $13.34. If it falls, it might find floor prices at $6.18 or even $3.79. Long-term trend indicators like the 100-day average hover around $8.92, signifying potential stability around this zone. The price may swing in either direction, driven by market mood and RNDR’s adoption.

 

Optimism Crypto: A Balanced Price Analysis

Optimism’s price has seen varied movement. In a week, the price rose by 7.73%. Over a month, it fell by 38.83%. In six months, it jumped by 74.71%. The coin is currently in the $2.14 to $2.64 range. It shows a mix of moves, with the current tendency not clearly towards a strong upward (impulsive) or downward (corrective) trend based on the indicators provided.

Looking ahead, Optimism’s price could go either way. There’s potential for growth that could push it towards the next resistance at $2.83, and possibly $3.32, if the crypto market does well. However, caution is advised as the price could drop to support levels at $1.85 or even $1.37, especially if the broader market faces challenges. The indicators like RSI and MACD show a neutral market momentum, suggesting the future price could swing in either direction.

 

Polygon Crypto Price Movement and Analysis

MATIC presents a mixed performance, with a current price range between $0.64 and $0.77. In the last week, MATIC’s value rose by 6.22%, showing a rebound, but the monthly view tells a different story with a sharp drop of 31.45%. The coin’s movement over the past 6 months paints a positive picture overall, showing a 15.65% gain. The latest trends suggest a more corrective move, with key indicators like the RSI close to 47.64, signaling neither overbought nor oversold conditions.

MATIC’s future price path could swing either way, with potential growth indicated by the recent weekly momentum versus the bearish sentiment shown by the monthly downturn. Breaking past $0.83 might open the door towards the second resistance level at $0.96, but falling below the support level of $0.56 could see it test $0.43. Blending cautious optimism with a realist’s view, MATIC investors should be prepared for both scenarios, knowing market dynamics could prompt significant shifts.

 

Chainlink (LINK) Price Movement and Analysis

Chainlink’s price has seen a mix of highs and lows, with a 6.78% rise over the past week but a sharp 25.92% drop in the last month. Over six months, however, LINK has climbed by 35.77%. Currently, it ranges between $13.51 and $15.93. The price movement suggests a moderate momentum as the RSI is at 55.44, indicating neither overbought nor oversold conditions.

Looking ahead, LINK’s price could experience hurdles as it approaches the first major resistance at $16.76. If it can break through, the next target would be around $19.18. Conversely, if it dips, LINK could find support near $11.92, with a further fall protected by a stronger floor at $9.50. Given the current market conditions, Chainlink’s trajectory could swing either way, with potential for growth should market sentiment support it.

 

Conclusion

Looking at the potential of various cryptocurrencies, RNDR, OP, MATIC, and LINK might see less short-term growth. Instead, attention is turning toward BlastUP, a new entrant with promising prospects. BlastUP stands out due to its innovative concept and association with the Blast ecosystem. This connection could drive its success in the coming months, positioning it as the cryptocurrency with the highest potential for a significant increase this summer.

 

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io





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