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Gensyn Launches Delphi Testnet Marketplace for Machine Intelligence

Gensyn announces a public sale of 300M AI utility tokens and unveils Delphi, an open on-chain market for AI model performance with liquidity, matching a $1B FDV cap from a16z’s valuation.

Summary

Gensyn will conduct a public sale of 300 million AI utility tokens through Sonar beginning Dec. 15, with a fully diluted valuation cap of $1 billion, identical to its prior Series A valuation from a16z. Alongside the sale, the blockchain-based AI computing protocol launched Delphi, a testnet open marketplace for AI model performance, using decentralized LMSR automated market making to provide continuous on-chain liquidity from trade to settlement.

Terms & Concepts
  • Blockchain-based AI computing protocol: A system that uses blockchain technology to coordinate and manage distributed artificial intelligence computing tasks.
  • LMSR automated market making: Logarithmic Market Scoring Rule, a mechanism used in automated market making to provide continuous pricing and liquidity in prediction or trading markets.
  • Testnet: A blockchain network used for testing new features and applications without risking real assets.