Sogni AI Launches Game-Changing L1 Blockchain – Major Exchange Listings Go Live Tomorrow

Sleepy crypto markets just got a double espresso shot.

Sogni AI's new Layer 1 chain enters the arena July 2 – with exchange listings locked and loaded. The timing? Either brilliantly opportunistic or hilariously tone-deaf (looking at you, Fed balance sheet).

The Tech Play

This isn't just another 'me-too' blockchain. Sogni's claiming true Layer 1 status – the holy grail for projects tired of paying ETH gas fees that rival Manhattan parking rates.

Exchange Roulette

While the white paper's full of the usual 'web3 revolution' jargon, the real story's in the CEX partnerships. Three major platforms are flipping the switch tomorrow – though naturally they're playing coy about which ones (because why spoil the surprise?).

AI Meets Chain

The 'AI' in Sogni isn't just marketing fluff. Their adaptive consensus mechanism allegedly learns from network congestion – a feature that'll either mint millionaires or become tomorrow's 'failed experiment' Twitter thread.

Bottom Line: In a market where most altcoins are glorified casino chips, Sogni's betting big on infrastructure. Whether that makes it the next SOL or just another IOU remains to be seen – check those exchange wallets at open.

Sogni to host open-source generative AI models

Sogni’s new native chain will become the key infrastructure for generative AI models, using a permissionless GPU network for shared computation. Creators will submit their prompts through production-ready apps (Sogni Web, Sogni Pocker, and Sogni Studio). 

The network supplying computation will be built by volunteer operators, who will receive SOGNI for their computing power. The Sogni Supernet will be the native L1 chain, powering the rendering infrastructure. 

Sogni will also launch its services on Base, the L2 chain popular for fun activities. The service will also use Etherlink, an EVM-compatible L2 that is part of the Tezos tech stack. The simultaneous launch will ensure both accessibility and an outreach to already existing communities with interest in AI.

Sogni AI draws on multiple narratives

The new DePin project will aim to target both Web2 users that are used to fast AI performance, while also appealing to crypto-native communities. Sogni will use a dual-token reward structure, through the tradable SOGNI token and the addition of Spark Coins, non-transferable credits that can be purchased or earned within the app. 

SOGNI will reflect the platform’s real activity and will be used to pay for GPU compute and rendering, on-chain storage, as well as NFT minting. GPU workers will also be able to bond and stake SOGNI in exchange for the right to receive tasks. Poor performance or fraud will be penalized by slashing to avoid providing minimal compute power. Larger stakes will receive larger priority queues and higher rewards. 

The native token will also have on-chain governance powers for votes on update proposals, budget allocations, and other parameter changes. 

SOGNI will be minted based on economic activity and distributed to node operators, model developers, liquidity providers, and active creators. A total of 20% of the SOGNI tokens will be set aside for GPU provider rewards, with another 10% in the Creator fund. 

Sogni AI launched in 2023, after raising a $2M seed round and a $250K token sale. The token has been backed by Coingecko Ventures and the Gate launchpad, with a 20% token allocation for the team and early backers. 

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