Q (Quack AI) rose 13.79% in 24 hours.

Gate News Bot news, on October 21, according to CoinMarketCap data, as of the time of writing, Q (Quack AI) is currently priced at 0.03 USD, with a rise of 13.79% in the last 24 hours, peaking at 0.03 USD and dipping to a low of 0.02 USD. The current market capitalization is approximately 40.2 million USD, an increase of 4.87 million USD compared to yesterday.

Quack AI is a project focused on providing AI governance solutions for decentralized autonomous organizations (DAOs) and Web3 protocols. Its goal is to offer smarter decision-making, fair and transparent governance, and easy participation through verifiable, unbiased AI automation of DAO decisions. The governance workflow of Quack AI includes AI-assisted proposal drafting, AI analysis, decision-making and delegation, as well as voting execution. The project has received support from several well-known ecosystems, venture capital firms, and DAOs, and is actively advancing its roadmap for 2025, aiming to expand from product to infrastructure level.

Q (Quack AI) recent important news:

1️⃣ AI demand drives upgrades in data storage technology The rapid development of artificial intelligence is having a significant impact on global data center storage facilities. The massive data generated by large-scale AI model training and inference is driving upgrades in storage technology. There is a shortage in the supply of traditional Nearline HDDs, and high-performance SSDs are gradually becoming the market focus, especially with the expectation that high-capacity QLC SSDs will experience explosive growth by 2026. This trend may bring more opportunities and challenges to the Quack AI project, which focuses on AI governance solutions.

2️⃣ Dubai Advances Machine Economy Regulatory Framework The Dubai Virtual Assets Regulatory Authority (VARA) is actively exploring a regulatory framework for the machine economy. VARA has signed a memorandum of understanding with the DePIN protocol peaq, aiming to develop regulatory standards for on-chain robotic technology and tokenized machines. This initiative involves multiple areas of collaboration, including providing guidance for projects applying for VARA licenses, conducting joint training programs on technology and compliance, and sharing data to support research and regulatory work. As an AI governance solution provider, Quack AI may benefit from the development of this regulatory framework and have the opportunity to participate in the emerging machine economy ecosystem.

3️⃣ Rise in demand for decentralized AI governance As AI technology becomes increasingly widespread in decentralized networks, the demand for specialized AI governance solutions like Quack AI may further increase. The launch of the Dubai Machine Economy Free Zone provides a controlled environment for testing robotic technology and artificial intelligence in decentralized networks, which may offer practical application and validation opportunities for projects like Quack AI.

From a technical perspective, the price trend of the Q (Quack AI) token shows strong upward momentum, with a rise of 13.79% within 24 hours, reflecting the market's positive expectations for the project. However, investors still need to closely monitor the overall trends of the global cryptocurrency market and changes in the regulatory environment to assess potential risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.