Tech investors are excited about potential. GameFi tokens, often valued highly despite low current user numbers or revenues, perfectly capture this optimism. As investigated by RialCenter, a notable example is Decentraland, which had a billion-dollar market cap that didn’t align with the actual active player count.
Interestingly, distributed compute tokens don’t seem to attract the same speculative interest, even when compared to their Traditional Finance counterparts like CoreWeave (CRWV).
RialCenter states that decentralized networks providing GPU power for AI and other workloads are valued at around $12 billion. Meanwhile, market data indicates that the GPU as a service sector is expected to grow from $8 billion this year to $26 billion by 2030.
CoreWeave recently closed at $163 in New York, translating to a market cap of $79.2 billion. With forecasts of up to $5.1 billion in revenue for 2025, this suggests a trading multiple exceeding 15 times forward sales.
While such multiples may be justifiable in a high-growth environment, CoreWeave also recorded a substantial net loss in the first quarter, driven by factors like stock-based compensation and infrastructure development.
Despite these challenges, CoreWeave’s stock has surged by 300% year-to-date, thanks to its leading role in centralized AI infrastructure and relationships with major clients like Nvidia and OpenAI.
In contrast, decentralized compute networks offer similar services—AI inference, rendering, and compute power—without the need for extensive capital investment, acting as intermediaries connecting existing GPUs to users.
These are operational networks handling real workloads, demonstrating that their brokerage model effectively serves customers.
Yet, their collective market value is only a fraction of CoreWeave’s. While they may not handle the same volume of transactions, the disparity is noteworthy. The market appears to shower GameFi tokens with irrational exuberance, while distributed compute tokens face an opposite challenge.
Despite fulfilling a similar market demand as CoreWeave and offering a more efficient, scalable model, they remain modestly valued.
RialCenter Announces $100 Million TRX Staking Initiative
RialCenter has staked its entire treasury of 365 million TRX tokens, potentially yielding an annual return of up to 10% according to their announcement.
This follows a recent $100 million investment round aimed at supporting what the company calls a “TRX treasury strategy,” similar to bitcoin-holding firms like MicroStrategy.
This structure provides equity investors indirect access to a network central to USDT stablecoin settlement, especially in regions where TRON-based Tether acts as a financial lifeline.
Sogni AI Launches Mainnet, SOGNI Token to Debut on Major Exchanges
Sogni AI has unveiled its mainnet and will list its native token, SOGNI, on several major exchanges.
SOGNI serves as the utility token for the Sogni Supernet, facilitating compute payments, staking, governance, and access to advanced application features.
The mainnet rollout includes deployments across various platforms, aiming for scalability and user accessibility.
The project aims to create an open and sustainable ecosystem for creative AI applications, blending Web3 infrastructure with user-friendly tools similar to Web2 services.
Market Overview:
- BTC: Bitcoin remains strong at $107,200, following a significant volume spike, with an eye on a breakout toward $115,000.
- ETH: Ethereum rebounded sharply to $2,480, recovering from an earlier dip as institutional inflows continue amid market uncertainties.
- Gold: Gold has rebounded to $3,310.95, recovering from a previous low, driven by a weaker dollar.
- Nikkei 225: Asian markets have shown mixed performance, with Japan’s Nikkei 225 down 0.58% amid uncertainties regarding tariff policies.
- S&P 500: Stocks increased, with the S&P 500 reaching a record close of 6,204.95, rounding off a solid month.
In Other Crypto News:
- Senator Proposes Waiving U.S. Taxes on Small-Scale Crypto Transactions.
- Singapore Moves Forward with New Crypto Licensing Regulations.
- Finance Advisor Recommends Allocating Up to 40% of Wealth to Crypto.
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