- TON Ventures explores AI-crypto integration, aiming to find a product-market fit.
- TON Society partners with HumanCode to perform AI-based identity verification on Telegram.
- Toncoin sees market volatility, with increased trading volume and neutral indicators.
TON Ventures has been on the lookout for combining artificial intelligence (AI) and cryptocurrency. Towards that end, Howard Peng, the company’s director, has now announced plans to form a research team that puts together these two technologies.
Telegram as AI-Crypto Lab?
The goal is to find a product-market fit (PMF) for AI working with crypto. They’ll use Telegram as the main place for working together and research. Peng has asked professionals who know AI and crypto to join in. He thinks there could be cool new solutions where these two fields meet.
Putting AI together with the crypto market has become really popular. A lot of people believe AI can make crypto better in areas like security, user experience, and how people make decisions.
But, the research group will look into these uses and more. They want to come up with special solutions that fit what the growing digital asset market needs. Setting up this group follows what’s been happening lately in AI development. We’ve seen more and more investment in AI-powered tools and solutions across all kinds of industries.
Related: AI Crypto Market Dips as Cost-Efficient DeepSeek Challenges Giants
TON Society + HumanCode: Palm Scan ID on Telegram
In related news, back on April 8th, 2024, the TON Society teamed up with HumanCode, an AI company. The point of teaming up was to bring in a new way to check identity using palm scans right inside Telegram.
This plan is set to use blockchain technology to make identity verification stronger, cut down on bot activity, and give users more control over their digital identities. Word is, the project planned to give out around 1 million TON to users who took part.
Toncoin Price Check: Down, But Volume Up
Moving on to Toncoin’s market performance, things have been moving around with TON’s market value. Right now, trading at $3.02, the coin has dropped 1.12 in the last day. Its market cap is $7.47 billion.
Even though it’s down a bit, the trading volume has gone up by 30.46%. This shows more action in the market. The coin’s price has been up and down, with a fall earlier today but a small bounce back.
Also, if we look at the technical indicators, the RSI is at 48.19. This suggests things are neutral in the market. This value means that Toncoin is neither overbought nor oversold.
Related: TON Price Reversal Incoming? Open Interest Signals a Shift
Plus, the MACD points to a bearish mood for now. The MACD line is below the Signal line. If the MACD line crosses over the Signal line, that might mean a shift to a good trend.
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