DGrid AI token jumps 93% after launch as decentralized AI network goes live

DGrid AI’s $DGAI token nearly doubled in its first day of trading as the decentralized AI inference project rolled out its native token.

$DGAI was trading around $0.73 on Tuesday, up nearly 93% over the previous 24 hours, with a market capitalization of about $110 million and trading volume topping $165 million, according to CoinGecko data.

Source: CoinGecko

The token launch comes as DGrid expands its decentralized AI network, which connects users and developers with distributed nodes that process AI inference requests and uses $DGAI for payments, staking and node rewards.

DGrid’s litepaper says its network routes AI requests across models hosted by distributed nodes and uses a “Proof of Quality” mechanism to evaluate the results. Node operators stake $DGAI and earn token rewards for providing computing resources, with penalties for poor performance or misconduct.

DGrid told Cointelegraph that it also sold more than 140 DClaw Boxes within a few hours at 1,580 $USDT each, representing more than 221,000 $USDT in sales.

DClaw Boxes are physical devices designed to run DGrid’s DClaw personal AI agent, connecting users to AI models through a decentralized network of independently operated nodes rather than a single centralized provider.

Magazine: Korean bank taps Ripple for payments, Pakistan opens crypto licensing: Asia Express