KEY TAKEAWAYS
- Bybit Web3 announced Venice.ai as the first winner of its AI-DOL Superstar competition, securing a listing on Bybit with its token VENICE (VVV).
- The AI-DOL Superstar competition, offering $1 million in prizes, aims to foster AI-powered blockchain innovation with community voting playing a crucial role.
- Venice.ai’s COO highlighted the VVV token’s value, including staking rewards and access to the Venice API, during the AI-DOL Masterclass.
- Experts at the Masterclass discussed the transformative potential of AI agents in Web3, predicting advancements in multi-agent coordination and self-evolving capabilities.
Bybit Web3, the Web3 division of cryptocurrency exchange Bybit, has announced the first winning project in its AI-DOL Superstar competition. Venice.ai, a decentralized Gen-AI platform, has secured the first listing spot on Bybit, with its token VENICE (VVV) officially available on the exchange as of March 21, 2025. This announcement was made during a live AI-DOL Masterclass on March 18.
The AI-DOL Superstar competition, which offers $1 million in prizes, attracted over 30 emerging AI projects. Four projects will be selected for listing on Bybit Spot, with community voting playing a crucial role in the selection process. This initiative underscores Bybit’s commitment to fostering AI-powered blockchain innovation and engaging its community in the development of AI-driven Web3 assets.
Community Engagement and Expert Insights
Since the competition began, the community has actively supported their favorite projects, aiming to identify the four that will advance AI’s promise in the Web3 world. Two weeks into the competition, Venice.ai emerged as the first winner, as revealed during the AI-DOL Masterclass livestream. The event featured insights from experts and participating projects on the transformative power of AI in Web3 utilities.
Teana Baker-Taylor, COO of Venice.ai, expressed gratitude for the community’s support and highlighted the value built into the VVV token, which offers staking rewards and access to the Venice API. The Masterclass also included discussions on AI Agents and their impact on decentralized technologies, with experts predicting advancements in multi-agent coordination and self-evolving capabilities within the Web3 space.
Future Prospects for AI in Web3
Whip Queen, founder of AI influencer Luna, discussed the potential for AI agents to progress to higher intelligence levels, emphasizing the importance of innovation for future growth. Natsuki, founder and game director of FREYA, envisioned AI agents becoming integral parts of immersive fantasy worlds, offering real connections with users by the end of 2025.
The AI-DOL Masterclass provided a platform for Web3 and AI enthusiasts to explore the convergence of artificial intelligence and decentralized technology. The competition continues to engage the community, with voting open until March 27, 2025. More information about the AI-DOL Superstar competition and voting can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The recent announcement of Venice.ai securing the first listing spot in Bybit’s AI-DOL Superstar competition highlights the growing intersection of AI and blockchain technologies. This initiative reflects Bybit’s commitment to fostering innovation within the AI-powered Web3 space.
Recent industry reports indicate that the integration of AI and blockchain is gaining traction, enhancing security, automating smart contracts, and optimizing network efficiency. This aligns with Bybit’s efforts to spotlight and support AI projects like Venice.ai, which are at the forefront of this trend.
A CoinDesk report highlights that AI agents are expected to transform business operations in Web3 by handling complex tasks autonomously. This supports the significance of the AI-DOL Superstar competition, as it emphasizes the potential of AI projects to drive innovation and efficiency within decentralized ecosystems.
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