Asia Morning Briefing Highlights Potential Undervaluation of Distributed Compute Tokens
Investors are optimistic about GameFi tokens despite low user engagement. In contrast, distributed compute tokens lack similar speculative interest, even with a combined market value of $12 billion. Traditional finance counterparts, like CoreWeave (CRWV), demonstrate high valuations, trading at over 15 times forward sales despite recent losses. Yet, decentralized networks efficiently deliver AI services without heavy capital investment, suggesting a valuation discrepancy.
SRM Entertainment Staking Move
- SRM Entertainment plans to rebrand as TRON Inc.
- The company has staked 365 million TRX tokens via JustLend, aiming for annual returns up to 10%.
- This follows a $100 million investment to implement a "TRON treasury strategy".
- The structure provides equity investors exposure to TRON's role in USDT settlement.
Sogni AI Mainnet Launch
- Sogni AI has launched its mainnet and will list the SOGNI token on multiple exchanges.
- The token facilitates compute payments, staking, and governance within the Sogni Supernet.
- The platform uses a non-transferable credit system called Spark Points for rendering credits.
- Three core applications allow user interaction with GPU resources compensated in SOGNI tokens.
Market Movements:
- BTC: Trading at $107,200, showing strong support after a volume spike.
- ETH: Rebounded to $2,480 following a V-shaped recovery from a drop.
- Gold: Trading at $3,310.95 after rebounding from a one-month low.
- Nikkei 225: Down 0.58%, mixed performance amid tariff uncertainty.
- S&P 500: Rose 0.52% to a record close of 6,204.95.