The publication of a new vision paper has caused the Web3 infrastructure altcoin to surge by over 120% this week
Ramona Galas
AIOZ Network's native asset, AIOZ, surges over 120% due to the release of a new "Vision Paper," outlining its Web3 infrastructure for AI, storage, and streaming.
The AIOZ Network's native asset, AIOZ, has experienced a surge of over 120% this week due to the release of a new "Vision Paper."
Currently trading at $0.151, the token has seen a significant increase from its value of $0.0683 just one week ago. In the past month, AIOZ has risen by an impressive 1,095%, making it the 241st-ranked crypto asset by market cap.
The AIOZ Network is a Layer-1 Interoperable blockchain that is compatible with Ethereum Virtual Machine (EVM) and built in the Cosmos (ATOM) ecosystem. Its goal is to serve as Web3 infrastructure for AI, storage, and streaming.
The recent gains in the AIOZ token's value can be attributed to the publication of the "Vision Paper," which outlines the project's use cases and roadmap for the future. According to the roadmap, the AIOZ Network plans to revamp its website by the end of 2023 and launch its decentralized Web3 storage infrastructure platform, AIOZ W3S, in Q1 2024.
The project also intends to release the first version of its Web3 AI computing infrastructure, AIOZ W3AI, in Q2 of next year, followed by its decentralized video streaming infrastructure in the following quarter.