Web3 Infrastructure Altcoin Skyrockets More Than 120% This Week Amid Publication of New ‘Vision Paper’

The native asset for a crypto Web3 infrastructure project has skyrocketed by more than 120% this week amid the rollout of a new “vision paper.”

AIOZ, the native utility token of the AIOZ Network, is trading around $0.151 at time of writing, up from $0.0683 one week ago.

The 241st-ranked crypto asset by market cap is also up a staggering 1,095% in the past month.

The AIOZ Network is a Layer-1 Interoperable blockchain built in the Cosmos (ATOM) ecosystem and with Ethereum Virtual Machine (EVM) compatibility. The project aims to serve as Web3 infrastructure for artificial intelligence (AI), storage and streaming.

The AIOZ token’s gains largely materialized this week after the project published a new “Vision Paper” that outlined the project’s use cases and roadmap for the future.

According to the roadmap, the AIOZ Network plans to revamp its website before the end of 2023 and then launch its decentralized Web3 storage infrastructure platform, AIOZ W3S, in the first quarter of 2024.

The project also says it plans to roll out the first version of its Web3 AI computing infrastructure, AIOZ W3AI, in the second quarter of next year. AIOZ then plans to launch its decentralized video streaming infrastructure the following quarter.

Generated Image: Midjourney

Source