I just saw the update from PublicAI @PublicAI_ on Twitter, which reminded me of their previous DataBabies NFT, so I thought I'd mention it:
This is PublicAI's first NFT project. I think the most sincere part is that you can mint for free. It's not about marketing tricks; it's about allowing people in the community to participate without spending money. This kind of free is the most comfortable!
The effect is quite good, and everyone seems to recognize it. Now the floor price has risen to around 35 $NEAR, which shows that people really think it's not bad. The market and users are actually the most clear about whether the project is good or not.
Then this AI project has issued its tokens, it is in the direction of Web3, the token sale will be on August 7, 2025, at 17:00 (UTC), on CoinList. Some people may not be aware, so let me briefly explain it to everyone:
1. Let's take a look at what PublicAI is?
PublicAI has big goals; it wants people to be able to earn money in the artificial intelligence business through their own intelligence.
In simple terms, it's like a labor platform without a central authority in the artificial intelligence space, where ordinary people can help by providing data to train artificial intelligence and validating it, and in return, they can genuinely earn money.
Everyone knows that artificial intelligence is developing very rapidly, and many traditional jobs have been affected. However, what makes PublicAI different is that it leaves a space for people to participate throughout the entire process of AI, from training to practical use, and it also provides new ways for people to earn money. This idea is indeed quite fresh.
PublicAI is doing quite well now, with over 2.9 million active users in 200 countries around the world. These people are making money on this platform, and it is supported by strong investors like Near Foundation and Solana Foundation, which adds to its strength.
Second, let's take a look at the basic situation of the project.
(1) Implementation of the product
While many AI projects are still riding the hype, PublicAI has already been in operation for 3 years. It doesn't just talk the talk; it has actual corporate partnerships and product implementations, such as the ABAKA project, and collaborations with Amazon AWS, all of which demonstrate its practical applications.
When collaborating with AWS, we create customized AI solutions for enterprises, helping them streamline business processes and improve efficiency. For instance, through data analysis, we can predict market trends, allowing companies to plan their production and sales in advance.
(2) Real revenue
PublicAI is one of the few AI projects that can earn tens of millions of dollars, and it collaborates with major AI clients, operating in over 200 countries, with more than 2.5 million active users. In some countries, users participating in the Mother Tongue Audio Collection S2 activity can earn over 10 dollars per hour, which is significantly higher than the local average hourly wage. This indicates that it not only has technology but also enables users to actually make money, creating a positive cycle.
(3) Background
PublicAI has raised $10 million, with investors including the Solana Foundation and the NEAR Foundation, and it was incubated by the Stanford Blockchain Accelerator.
It also won the global championship of MIT "Beyond Borders AI" supported by the Saudi government, which enables participation in long-term planning in the Middle East and cooperation with shareholders like Saudi Telecom Group for data services. The support from so many powerful institutions indicates that everyone is optimistic about its potential.
(4) Reasonable Token Planning
The initial circulation only accounts for 20% (total 1 billion, circulating 200 million). Many projects have a circulation of 25%-40% when they first issue coins, but PublicAI is very stable. This helps reduce early selling pressure and stabilize prices, leaving room for future increases. Additionally, tokens sold on CoinList are fully released at the time of issuance. Its tokens are issued only when there is real income, tightly bound to the actual operation of the project.
3. Ecosystem Support
(1) Backed by Solana
PublicAI is a core AI project incubated from scratch on Solana, within its ecosystem.
Solana technology is fast and capable of handling large data. PublicAI leverages this advantage, allowing AI agents to query data on-chain, store items, and distribute small rewards smoothly. This enables millions of people to interact in real-time, rewards are distributed quickly, and everyone is more willing to participate.
It also engages in activities like "native language", finding local partners in the Middle East and Asia to expand Solana's AI capabilities to more languages and regions, training AI with local data for niche languages so that everyone can use it more conveniently.
(2) Near also focuses on helping.
PublicAI is a key AI project supported by the Near ecosystem. After RHEA launched its token in Near, it rose from $0.02 to $0.11 in just 3 days, more than a 5-fold increase.
PublicAI is valued at 70 million on Coinlist, while RHEA was at its peak 100 million. From this perspective, it can at least increase by 43%. Moreover, Near may help it with market making and provide liquidity, which is beneficial for the market.
Four: Some Advantages of Valuation
(1) Compare with similar projects
1) Compared to the leaders in Web2: Scale AI in the same field as Web2 has a valuation of 30 billion dollars, while PublicAI is currently valued at less than 10 million dollars, which is quite a difference. Scale AI has significant weight in data, and PublicAI has a similar model in Web3; whether this gap will change in the future may depend on how Web3 develops.
2) Comparing with peers in Web3: Sahara in Web3 is valued at nearly 1 billion dollars, while PublicAI has a valuation gap compared to it. From the perspective of valuation, these projects are indeed different.
(2) The valuation has decreased a bit.
PublicAI's recent public fundraising has an estimated valuation of 70 million USD, which is 30% lower than the previous round of financing. This situation is rare, as the price has dropped again after institutional investors. For those looking to invest, it presents an opportunity to participate at a different cost.
(3) Some situations in the market
1) Performance of NFT: The NFT before the launch of PublicAI increased in price by 10 times, indicating that the market is still paying attention to and participating in its ecosystem.
2) Situation of Coinlist: There were many more participants on Coinlist than expected, with a 10-fold oversubscription. It is evident that this project has garnered attention on Coinlist during this period, and the market demand is quite high.
5. Team and Funding Situation
(1) Team Background
There isn't much detailed information about the core members of this team at the moment, but based on the achievements and development path of the project, the team does have some skills in technology research and development as well as market operations.
In three years, being able to create projects that have practical use, can make money, and are recognized by many people shows that they should have considerable experience and knowledge in artificial intelligence, blockchain, and business.
(2) Financing Situation
It has been mentioned before that PublicAI has raised 10 million dollars, with investors including the Solana Foundation and the NEAR Foundation.
These famous institutions investing money not only brought funding to the projects but also increased their reputation, making them more trustworthy.
In addition, the project has earned a total of 14 million dollars, along with the 10 million dollars raised, resulting in a total of 24 million dollars in funding reserves, which supports the project's continued development and performance in the market.
6. What are the advantages and disadvantages of the project?
(1) Advantages
1) The model is innovative: it allows ordinary people to earn money by participating in data work for artificial intelligence, providing new ideas for solving the relationship between the development of artificial intelligence and human employment, and also helping the project accumulate a considerable number of users.
2) There are actual implementations and revenue: There are real corporate partnerships and products in use, which have earned over ten million dollars, indicating that the project is commercially viable and there is market demand.
3) Strong ecological support: It has received support from the Solana and Near ecosystems, which allows for faster development in both technology and marketing by leveraging the power of the ecosystem.
4) Valuation has potential: Compared to similar projects, there is significant room for valuation to rise, and now there is an opportunity to enter at a lower price, which is attractive to investors.
(2) Disadvantages
1) Lack of transparency in team information: The background information of the core team members is not disclosed enough, which may make some investors hesitate in making investment decisions due to insufficient understanding of the team.
2) Facing market competition risks: Although the project has its own characteristics, the competition in the fields of artificial intelligence and Web3 is quite fierce, with new projects and technologies constantly emerging. PublicAI must continue to innovate and enhance its competitiveness to maintain its advantages.
VII. Some Future Plans
PublicAI tokens were made available for sale on Coinlist on August 7, and are expected to be issued on major exchanges in the third quarter of 2025.
In the future, we may look for more users, especially in emerging markets, to encourage everyone to participate more willingly, and the income can be higher as well.
Technically, we will optimize data processing and AI training algorithms to make the platform smoother and services better. In terms of collaboration, we may seek more enterprises and institutions to expand our business into industries such as healthcare and education, which have high requirements for data security and accuracy, and explore how to use AI.
This project model is new, has practical results, and has development potential. Although there are shortcomings, in the current environment of AI and Web3, it might perform well.
Of course, but investment comes with risks. When participating in token sales, you need to think clearly about how much risk you can bear and what your goals are. Alright, that's it for today!
#PublicAI #DataBabiesNFT #Web3AI
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