Botto

Uniswap

AI Crypto

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While the segment of AI and big data cryptocurrencies is in the red today, some unusual assets recorded massive milestones. Botto (BOTTO), the governance cryptocurrency of DAO-managed "decentralized autonomous artist," more than doubled its market cap in just one week.
<h2 id="ai-crypto-token-botto-rallies-by-130-potential-reasons">AI crypto token BOTTO rallies by 130%: Potential reasons</h2>
BOTTO, a core native utility and governance cryptocurrency of the eponymous AI project for art generation, has seen its price spike by over 130% in the last seven days. Per CoinMarketCap data, its rates spiked from $0.13 to over $0.32 since the previous Monday. <img alt="AI crypto BOTTO spikes by 130% in 7 days" data-entity-type="file" data-entity-uuid="06ae8242-b193-49bb-968e-7054dc1a18a3" src="https://u.today/sites/default/files/inline-images/41575_1.jpg">Image by <a href="https://coinmarketcap.com/currencies/botto/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
For the first time ever, the net market capitalization of BOTTO spiked over $10 million. As of press time, BOTTO's market cap stabilized at about $12 million.
The largest share of its trading volume is associated with the BOTTO/WETH pair on decentralized exchange Uniswap v3. Fourteen percent of trading volume is registered on MEXC, a top-tier cryptocurrency exchange. It listed the BOTTO in pair with U.S. Dollar Tether (USDT), the largest stablecoin.
Technically, Botto is a decentralized AI-powered artwork generator that leverages the instruments of &nbsp;Stable Diffusion, VQGAN + CLIP, GPT-3 and a number of custom algorithms. It generates images in various styles - largely, surrealistic ones.
The protocol is fully governed by BottoDAO, a community of token holders who might also contribute to the process of art generation.
<h2 id="crypto-vc-variant-fund-bullish-on-botto-here-s-why">Crypto VC Variant Fund bullish on BOTTO, here's why</h2>
BOTTO holders receive a share from the sales of every artwork generated by Botto (BOTTO); to receive rewards, the "entry barrier" is set at 2,000 BOTTO tokens.
On Oct. 25, it was announced that renowned crypto venture fund Variant invested $500,000 in the seed round of Botto (BOTTO).
Caleb Shough, CFO and COO of Variant, is excited by the uniqueness of the protocol and the results of its AI-powered image generation processes:
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 The wasteland of AI-generated art created in the last year from “How to use Midjourney” threads alone predisposes many people to degrade all AI art as algorithmic, vibe-less, and cheap. But Botto reaches beyond any algorithmic tool; it has memory, adaptation, and purpose.
</blockquote>
As covered by U.Today previously, another AI cryptocurrency, Fetch.AI (FET), <a href="https://u.today/top-ai-crypto-fetchai-fet-jumps-by-55-key-triggers" rel="noopener noreferrer nofollow">added</a> 55% overnight on the news of tech releases and partnerships.

AI Crypto of Art Generator Jumps by 130% in One Week

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