Virtuals Protocol experiences a significant revenue drop, while Hong Kong and Disrupt.com actively invest in AI and Web3.
Virtuals Protocol's Revenue Decline
Virtuals Protocol, an AI-driven platform, suffered a 96.8% drop in daily trading revenue. According to Dune Analytics, revenue fell from over $1 million to less than $35,000. The move from Ethereum to Solana didn't boost numbers, while Solana's fraud issues also hindered performance.
Hong Kong's Investment in AI and Web3
Hong Kong is bolstering its AI and Web3 standing through Cyberport, allocating over $125 million for AI research. A recent forum discussed responsible innovation. Cyberport also signed agreements with universities to support talent growth.
$100M Investment from Disrupt.com in AI and Web3
Dubai firm Disrupt.com announced a $100 million investment in AI startups within Web3. These funds aim to speed up commercialization in various sectors like cybersecurity and blockchain.
Despite the revenue slump in Virtuals Protocol, the interest in AI and Web3 continues to grow through initiatives by Hong Kong and significant investment from Disrupt.com.
