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PIN AI secures $10M from a16z CSX, Hack VC, and All-Star angels to launch open platform for personal AI

San Francisco, United States, September 9th, 2024, Chainwire

Innovative startup from Ethereum Core research, Google Brain, Stanford, MIT, and CMU aims to democratize on-device intelligence, empowering users with control over their personal AI, and receiving investment from a16z CSX, Hack VC, and investors from projects like Solana, Polygon, Near, Worldcoin, etc.

PIN AI, a pioneering AI infrastructure company, announces $10 million in pre-seed funding to develop the world’s first open-source Personal Intelligence Network (PIN). A16z CSX, Hack VC, and notable investors, including Blockchain Builders Fund (Stanford Blockchain Accelerator), Illia Polosukhin (Transformer paper author; Founder, NEAR Protocol), Anagram/Lily Liu (President, SOL Foundation), Symbolic Capital (Co-Founder, Polygon), Evan Cheng (CEO, Mysten Labs/SUI), dcbuilder (Worldcoin Foundation), Foresight Ventures (parent company of the Block), Nomad Capital, Tim Shi (Co-Founder, Cresta), Ben Fisch (CEO, Espresso), Scott Moore (Co-Founder, Gitcoin), Alumni Ventures, and Dispersion Capital, have backed the project.

Offering an open-source, web3-enabled alternative to Apple Intelligence, PIN AI’s platform turns smartphones into privacy-focused AI personal assistants. By redirecting profits from users’ data and attention, it empowers users to regain control and monetize their data. The platform leverages personal, contextual data and cryptography, deploying cutting-edge AI models on-device to handle tasks across apps—like shopping, ordering food, wealth management, and interacting with centralized exchanges, DeFi, and prediction markets.

This AI-driven assistant ensures robust privacy and user-controlled data management, disrupting ultra-profitable models of web2 giants, including Apple’s 30% app revenue cut (over $100 billion) and Google’s mobile ads and Android store revenue cuts.

Davide Crapis, Co-Founder leading Protocol Research, said, “We’re building a movement towards an open-source future where personal AI assistants can work on PIN AI’s platform like smart contracts on Ethereum.” He added, “PIN AI will take back the $100b+ profit from tech giants and return it to users, allowing them to control and monetize their data. Our platform offers access to a wider range of AI agents, developed by the open-source community, capable of handling tasks across popular apps.”

PIN AI’s mission is to foster innovation for personal AI agents by offering access to personal, contextual data that reflects individual users’ needs and preferences. Unlike closed ecosystems like Apple, PIN AI’s open platform connects privacy-protected user data via a Layer-2 blockchain. This enables more flexibility in AI application development without the constraints of traditional, closed systems.

Bill Sun, Co-Founder and Chief Scientist, said, “On-device multi-modality models will revolutionize daily life. We are building a personal index for each user to create an on-device model that evolves via distributed training on the user’s phone. Soon, users won’t need to open multiple apps to complete tasks. The personal AI assistant will understand preferences and manage tasks efficiently.” PIN AI’s assistant will connect users with apps and services bidding on its blockchain protocol to fulfill tasks like shopping or crypto activities.

PIN AI shifts data monetization from big tech to users, allowing secure monetization of personal data. Users receive token incentives through data onboarding and intent fulfillment, only providing necessary data with matched Personal AI Agents, while maintaining control of their information.

At launch, PIN AI partners with Worldcoin and is developing a front-end product similar to Siri, expanding its reach and enhancing user experience.

Leading the team are co-founders Davide Crapis and Ben Wu. Crapis, formerly of Ethereum Core Research, leads Protocol Research. Ben Wu, heading Strategy, is an MIT graduate, Y Combinator alum, and serial entrepreneur. The technical leadership includes Bill Sun, a Stanford AI/Math PhD and early Google Brain researcher, as Chief AI Scientist, and Regan Peng, a CMU graduate and former lead at Didi Fintech and Yahoo Data Infra, as Founding Head of Engineering.

PIN AI collaborates with a16z crypto research, Flashbots, Espresso Systems, and academics from Stanford, Columbia, and NYU. Ben Wu emphasized the importance of an open platform, saying, “The open internet has made large language models possible. We need to build an open platform for users on their trusted device, allowing access to their various data, making their Personal AI possible.” Unlike Apple Intelligence, PIN AI’s system can run on low-spec smartphones by dynamically shifting between edge AI (on-device) and server AI to optimize performance, ensuring wide accessibility.

The funding will expand research, grow the team of AI and blockchain experts, and accelerate the deployment of PIN AI’s technology. The company will join the a16z CSX Fall 2024 cohort in New York City.

About PIN AI

PIN AI is developing an open-source personal AI operating system that leverages smartphone and app data to empower users with control and privacy. The company’s approach aims to connect AI developers with users, promoting data sovereignty and developer empowerment. PIN AI collaborates with Ethereum Core Research and is committed to privacy and innovation.

For more updates, visit pinai.io, X (formerly Twitter), Telegram, Discord, and Linkedin.

Contact

PIN AI
contact@pinai.io

WisdomTree Withdraws Ethereum Trust SEC Filing as VanEck Closes ETF

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Asset manager WisdomTree has decided to withdraw its filing for an Ethereum Trust with the U.S. Securities and Exchange Commission (SEC), a filing that was originally submitted over three years ago, on May 27, 2021. According to a recent statement to the SEC dated September 6, WisdomTree confirmed that “The Registration Statement was originally filed on May 27, 2021. The Company confirms that no securities have been or will be issued or sold pursuant to the Registration Statement.”

Despite the withdrawal, WisdomTree will not receive a refund of the fees paid for the registration but has requested that these be credited for future submissions. The initial application aimed to list Ethereum ETF shares on the Chicago Board Options Exchange’s BZX Exchange, with WisdomTree noting at the time that the Ethereum market was reaching a maturity similar to that of the Bitcoin market, suggesting it was ready for such financial products.

This withdrawal coincides with the announcement from another asset manager, VanEck, which revealed it is closing its futures-based Ether ETF due to low demand. On September 6, VanEck explained that the decision was influenced by several factors including the ETF’s performance, liquidity, assets under management, and investor interest. VanEck’s Ethereum Strategy ETF (EFUT) will cease trading on September 16, with plans to liquidate and return assets to investors by approximately September 23.

These developments reflect broader challenges and shifting dynamics within the cryptocurrency investment product market, particularly in the realm of ETFs, where spot cryptocurrency ETFs have been capturing the majority of investor inflows.

Scottish Prosecutors Seize and Convert 23.5 Bitcoin From 2020 Robbery

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Scottish prosecutors have successfully seized and converted 23.5 Bitcoin into cash from a 2020 robbery involving three men armed with a machete and a Toblerone chocolate bar, near Glasgow. This marked the first instance of cryptocurrency being traced and seized in a Scottish robbery, highlighting a notable use of proceeds of crime legislation.

Detective Inspector Craig Potter from Police Scotland’s Cyber Investigations unit described the case as “the first robbery in Scotland to involve tracing stolen cryptocurrency.” During the March 2020 home invasion in Blantyre, southeast of Glasgow, one of the robbers attacked a woman with a personalized Toblerone bar, using it to beat her and eventually making a “throat-slitting gesture” with the bloodied chocolate before fleeing with his accomplices. The victim, who remains unnamed for legal reasons, reported waking to find another assailant threatening him with a machete, compelling him to transfer Bitcoin.

BBC News reported on Sept. 2 that this was also the first time Scottish prosecutors utilized legislation to convert stolen Bitcoin into cash. Lawyers at Edinburgh’s High Court finalized the conversion on Sept. 3, totaling $144,017 (109,601 British pounds), which represents approximately 10% of the current value of 23.5 BTC but corresponds to the cryptocurrency’s value at the time of the robbery when Bitcoin was trading around $5,400.

The seized Bitcoin belonged to John Ross Rennie, who was found guilty of possessing the stolen Bitcoin in November. Despite his claims of innocence, asserting that a “scary” relative coerced him into depositing the Bitcoin into an exchange account, the court recognized Rennie as the “technical brains” behind the operation. Edinburgh High Court judge Lord Scott noted Rennie’s critical role in facilitating the Bitcoin transfer and sentenced him to 150 hours of unpaid work and a six-month supervision order.

Solana Memecoin PEPESEC Will Surge Over 16,000% Ahead of First Exchange Listing, As DOGE and Shiba Inu Crash

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Pepe vs SEC could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.

Pepe vs SEC (PEPESEC), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.

This is because PEPESEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.

Currently, Pepe vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe vs SEC could become the next viral memecoin.

Pepe vs SEC launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe vs SEC by entering its contract address – GNGi1nFm7nEzruDgyQvtCFNNDVq9SUohsBFpXotmnwfE – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

Solana Memecoin PEPESEC Will Explode Over 16,000% Ahead of First Exchange Listing, As DOGE and Shiba Inu Crash

/

Pepe vs SEC could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.

Pepe vs SEC (PEPESEC), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.

This is because PEPESEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.

Currently, Pepe vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe vs SEC could become the next viral memecoin.

Pepe vs SEC launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe vs SEC by entering its contract address – GNGi1nFm7nEzruDgyQvtCFNNDVq9SUohsBFpXotmnwfE – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

Solana Memecoin PEPESEC Will Explode Over 16,000% Ahead of First Exchange Listing, As DOGE and Shiba Inu Drop

/

Pepe vs SEC could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.

Pepe vs SEC (PEPESEC), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.

This is because PEPESEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.

Currently, Pepe vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe vs SEC could become the next viral memecoin.

Pepe vs SEC launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe vs SEC by entering its contract address – GNGi1nFm7nEzruDgyQvtCFNNDVq9SUohsBFpXotmnwfE – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

New Solana Memecoin PEPESEC Will Explode Over 16,000% Ahead of First Exchange Listing, As DOGE and Shiba Inu Drop

/

Pepe vs SEC could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.

Pepe vs SEC (PEPESEC), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.

This is because PEPESEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.

Currently, Pepe vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe vs SEC could become the next viral memecoin.

Pepe vs SEC launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe vs SEC by entering its contract address – GNGi1nFm7nEzruDgyQvtCFNNDVq9SUohsBFpXotmnwfE – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

New Solana Memecoin PEPESEC Will Explode Over 16,000% Ahead of First Exchange Listing, As DOGE and Shiba Inu Decline

/

Pepe vs SEC could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.

Pepe vs SEC (PEPESEC), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.

This is because PEPESEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.

Currently, Pepe vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe vs SEC could become the next viral memecoin.

Pepe vs SEC launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe vs SEC by entering its contract address – GNGi1nFm7nEzruDgyQvtCFNNDVq9SUohsBFpXotmnwfE – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

New Memecoin PEPESEC Will Explode Over 16,000% Ahead of First Exchange Listing, As DOGE and Shiba Inu Decline

/

Pepe vs SEC could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.

Pepe vs SEC (PEPESEC), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.

This is because PEPESEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.

Currently, Pepe vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe vs SEC could become the next viral memecoin.

Pepe vs SEC launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe vs SEC by entering its contract address – GNGi1nFm7nEzruDgyQvtCFNNDVq9SUohsBFpXotmnwfE – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

New Memecoin Pepe vs SEC Will Explode Over 16,000% Ahead of First Exchange Listing, As DOGE and Shiba Inu Decline

/

Pepe vs SEC could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.

Pepe vs SEC (PEPESEC), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.

This is because PEPESEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.

Currently, Pepe vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe vs SEC could become the next viral memecoin.

Pepe vs SEC launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe vs SEC by entering its contract address – GNGi1nFm7nEzruDgyQvtCFNNDVq9SUohsBFpXotmnwfE – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

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