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AIOZ Price Rallies 26% After New Service Offerings with Sei Network

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
July 29th, 2024
Editor:
Joseph Alalade
Joseph Alalade
Editor:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.

AIOZ, the native token of AIOZ Network, is trading at $0.6352, marking a 26.71% increase in the last 24 hours. AIOZ Network serves as a decentralized platform for Web3, AI, storage, and streaming.

It incentivizes community members to share their computing resources for transcoding, storing, and streaming digital media content.

The recent surge in the value of the AIOZ token is attributed to its integration with Sei Network. This collaboration will allow AIOZ Network’s infrastructure-as-a-service solutions to be easily accessible to developers in the Sei blockchain network ecosystem.

AIOZ Network is a DePIN for Web3, AI, storage, and streaming. It rewards ecosystem members for sharing computational resources for transcoding, storing, and streaming digital media content.

AIOZ Network: Building the future of Web3 dApps

AIOZ promises to provide Sei Network builders with tools that can significantly help them in their journey toward building the future of Web3 dApps, with extensive documentation and a wealth of SDKs.

Sei Network builders will benefit from AIOZ Web3 Storage (W3S), the AIOZ Web3 Interplanetary File System (W3IPFS), AIOZ Web3 Artificial Intelligence (W3AI), and AIOZ Web3 Stream.

W3S is a highly flexible Object Storage Infrastructure for Web3 dApps. It offers Sei Network builders access to the SSD (storage space) and HDD of AIOZ DePIN Nodes to enjoy the benefits of reliable, distributed, and scalable cloud object storage.

W3IPFS is a Web3 IPFS Pinning Service AIOZ Network’s in-built CDN powers.

AIOZ W3S provides builders on Sei Network with access to AIOZ DePIN Nodes’ storage space and bandwidth for secure, high-speed, and scalable file storage.

W3AI is an AI-as-a-service platform powered by a Web3-incentivized collaborative AI marketplace, DePIN infrastructure, and AI dataset storage.

AIOZ W3AI will allow builders to execute scalable AI tasks, access a variety of AI models, and leverage DePIN storage to achieve distributed and permissionless AI computation. Builders will be able to utilize AIOZ DePIN node bandwidths and the CDN to deliver high-quality video to users all over the world.

Finally, W3Stream is a DePIN Video Infrastructure for sharing, hosting, and streaming Live Videos and Video-on-Demand (VOD).

AIOZ price prediction

The AIOZ price passed the 50-day and 200-day exponential moving averages, finishing a double-bottom reversal. Bullish dominance at the psychological level of $0.50 promises more upside. The token could reach a new all-time high with the broader market recovery. 

The Fibonacci pivot is at 57.64, meaning the price has moved beyond its previous move by 57.64%. The next resistance level is $0.6621.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.