Amidst the relentless wave of digital transformation, the integration of AI and Web3 is reshaping numerous domains with unstoppable momentum. In the first half of 2024, the Web3 sector witnessed 1,240 projects collectively raising $7.52 billion. Notably, funding in AI experienced a significant surge, reaching $24 billion in Q2 2024 alone, accounting for a substantial portion of total investments. Toward the end of the year, AI-themed cryptocurrencies gained remarkable traction, leveraging the wealth-creation dynamics of meme coins and the bull market effect linked to Trump, becoming one of the most anticipated and closely watched trends. AI is ushering in unprecedented opportunities and transformations for the crypto world, paving the way for a deeper exploration of this cutting-edge field’s current developments and future potential.
Reflecting on 2024, we explore the AI + Social sector’s advancements across various dimensions:
**Enhancing User Experience:**Social platforms utilizing AI technology have demonstrated remarkable results in user matching and content recommendations. Matching accuracy has improved by 30%, while click-through rates for content recommendations increased by 25%, leading to a 20-minute rise in users’ daily average interaction time and significantly boosting user engagement.
**Data Security and Privacy Protection:**Over 40% of emerging social platforms have adopted blockchain-based decentralized storage, reducing the risk of data breaches by 45%. User trust in platform data security exceeded 80%. Additionally, approximately 30% of platforms implemented AI-driven smart contracts to automate social reward mechanisms, driving a 50% increase in participants for incentivized activities and fostering user enthusiasm.
**Investment and Growth:**In the first half of 2024, the AI + Web3 social sector attracted over 50 investment projects, amassing $300 million in funding. This influx of capital fueled growth, with monthly active users across related platforms surpassing 50 million, marking a 35% increase in new user growth.
The Nx.one Research Institute predicts unlimited potential for this field. Advancements in AI will improve sentiment analysis and natural language processing accuracy to 90% and 85%, respectively, enabling precise understanding of user emotions and intentions for personalized social services. Decentralized social platforms are expected to challenge the partial monopolies of traditional social media giants. AI will drive seamless integration across platforms, fostering a vast and enriched social ecosystem.
UXLINK, a SocialFi infrastructure project built on Telegram, focuses on "close-knit social connections." Since its launch in April 2023, it has rapidly evolved into one of the largest global Web3 social platforms, with the following key features:
**Extensive User Base and Engagement:**As of April 30, 2024, UXLINK has engaged over 95,000 groups, verified 5.38 million users, and reached 7.73 million group members. It boasts peak daily active users of 743,000, with over 730,000 unique active wallet addresses in the past 24 hours and 1.65 million over 30 days. Its smart contract assets total over $1.44 million, with inflows of $11.54 million in the last 30 days, ranking first in the social sector.
**Innovative “Link-to-Earn” Mechanism:**Users can earn points and access Arbitrum wallets by sharing invitation links and completing tasks like minting exclusive on-chain relationships or building their own communities. Points are tied to airdrop allocations, effectively incentivizing participation and expanding social connections.
**Dual-Token Economy:**Uxuy serves as a utility token for community incentives and service payments, with partial token burn mechanisms. UXLINK, with a fixed supply of 1 billion tokens, functions as a governance token, distributed through airdrops to active users, contributors, and partners post-listing.
**Robust Social Data Graphs:**Tools like uxsbt and uxgraph allow users to transition social assets from Web2 to Web3, providing valuable data resources for developers and AI projects.
**Broad Ecosystem Collaboration:**UXLINK partners with multiple AI and GameFi projects, launching the "UXLINK Social Ecosystem Alliance" with inaugural members like Bubble AI, MetaCene, Pond, and others. This collaboration enriches its ecosystem while empowering partners with unique data-driven insights.
Pop Social, another example of AI + Social innovation, aims to build an AI-driven network where content creators and consumers gain value for their contributions. Leveraging DID, verifiable reputation, and AI-driven AIGC suites, Pop Social has raised over $4 million, supported by backers like Fundamental Labs and Fusion Labs. Despite challenges in the broader social sector, content-focused token issuance (e.g., Pump.fun) reflects the emerging trend of AI Meme Launches.
AI advancements propelled explosive growth in data infrastructure:
**Technical Innovations:**Over 200 projects worldwide invested $1.5 billion into storage, management, and security technologies. Storage capacity tripled, read/write speeds quintupled, and data automation classification reached 90%. Advanced security measures reduced data breach incidents by 40%.
**Data Quality and Annotation:**With the rising demand for high-quality AI data, the data annotation market hit $1 billion in H1 2024, spawning over 500 companies and employing 100,000 professionals.
**Investment and User Growth:**The AI + data infrastructure sector attracted $5 billion across 300 projects in H1 2024, with monthly active users exceeding 300 million and a 30% increase in new users.
Sentient focuses on decentralized AI ecosystems, offering comprehensive data infrastructure. Highlights include:
**Expert Team and Funding:**Sentient’s team includes notable figures like Polygon’s co-founder Sandeep Nailwal and advisors from Princeton. In July 2024, it raised $85 million in seed funding, led by Founders Fund and Pantera Capital, marking the largest AI + Web3 infrastructure funding in H1 2024.
**Decentralized and Open Collaboration:**Sentient uses blockchain to decentralize data contributions, incentivizing global participation while safeguarding data ownership and fostering innovation through open platforms.
**Innovative Incentives:**Sentient’s activity-based reward system encourages community engagement, fueling continuous improvements in AI data infrastructure.
The AI + Assets sector is emerging rapidly, with over 50 projects like AI16z and AI Pool attracting substantial investments.
**Innovations in Asset Issuance:**AI-driven asset projects improved funding success rates by 20% and reduced issuance cycles by 30%.
**Future Projections:**By 2025, asset issuance using AI + Web3 technologies is expected to reach $50 billion, a 150% increase from 2024.
AI16z applies advanced AI algorithms for market analysis, achieving over 60% annualized returns in liquidity pools. AI Pool, managing $100 million in assets, leverages decentralized DAOs and smart contracts for automated asset management.
AI significantly enhanced gaming, with a 30% increase in R&D investments ($2 billion) and a 40% rise in AI-powered games. Innovations include intelligent NPCs and AI-driven content customization, improving user experiences.
Today: Focuses on generative AI for NPCs and no-code tools, securing $5 million in seed funding.
Raiinmaker: Develops decentralized AI tools and infrastructure, raising $10 million to support sports, gaming, and entertainment projects.
DeepLink: Offers low-latency (1ms) and high-resolution (8K) decentralized cloud gaming solutions, with an $8 million funding round and a $100 million valuation.
In 2024, the AI + Web3 domain showcased impressive growth across sectors like social, infrastructure, asset issuance, and gaming. With continuous innovation and integration, the future of "AI + Web3" promises to expand boundaries and deliver a richer, more diverse digital landscape.