The scalable decentralised AI infrastructure project NeurochainAI has seen its first NFT collection sell out in 1 second despite the continued decline in overall NFT sales for fourth consecutive week, amid surging crypto trading volumes.
The flagship collection of 1000 free-mint NFTs sold out within its first-come-first-serve phase, with over 700 NFTs being claimed through guaranteed spots. The floor price of the collection stood at 1.31 AVAX at the time of writing.
Powered by the project’s native NCN token set to launch later in 2024, the collection holds a host of benefits for its holders which includes a shared pool of airdrop during NeurochainAI’s token generation event, as well as early adopter benefits across NeurochainAI including higher rewards, voting rights, and access to benefits of a large network of partners, including Gamestarter, Reality Metaverse, Dark Frontiers, Basketballverse and more
The tech-based startup aims to act as a one-stop-shop for all the tools necessary to build AIdapps such as its own AI model marketplace, dapp store, DePin computer network, data layers and more.
Julius Serenas, Founder and CEO of NeurochainAIsaid that “we aim to disrupt traditional cloud computing dominated by giants like Amazon Web Services (AWS), making NeurochainAI a cost-effective, infinitely scalable and sustainable network computing platform.”
In a recent tweet, the company also announced the testing phase of its Shared GPU network, allowing individuals and entities worldwide to connect their GPUs to NeurochainAI’s central servers, which can potentially also serve as a solution to the conventional resource and energy consuming web servers ecosystems.
“Our shared GPU network empowers individuals to play a role in AI development while ensuring fair reimbursement for their contributions,” added Julius.
What makes the success of its NFT collection even more impressive is that the project had a splashy debut despite the overall bad market conditions, especially for NFTs. The market continues to decline week-by-week last Friday with an almost 14% drop, according to reports.
The results in NFT sales stand in sharp contrast to record high numbers of other crypto sectors this week, with prices of popular cryptocurrencies such as Bitcoin and Ethereum crossing all-time-highs as both centralised and decentralised cryptocurrency exchanges hit peak trading volumes in March.
NeurochainAI’s total trading volume sits at 7.4 ETH within the first 24 hours of public trading, as the project gears up for a token launch on centralised exchanges in the coming months.
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