GM!
Last week the $PI token became transferable along with other updates in the DeFi ecosystem, and the Agent hackathon entries closed ready for the opening ceremony today.
Let's get into it.
PI becomes transferable 🔁
The Permaweb Index token ($PI) is a token that represents 1/3 AR, 1/3 AO, and 1/3 ecosystem projects. Users have been able to receive it as emissions by holding $AR or bridging specified assets to AO, and as of last week, $PI became transferable.
$PI is an interesting token as it allows users to get exposure to the entire Permaweb ecosystem through a single token, rather than needing to separately manage Arweave and AO tokens, as well as any fair launch projects they want to delegate to.
Now that $PI is transferable, many teams in the DeFi ecosystem have been picking up support, such as Botega's new PI/AO pool, and Vento adding new PI support.
PI is also interesting because when AO tokens are delegated to PI, they are autonomously managed.
As always this is not financial or investment advice, and you should follow appropriate regulations. You can learn more about how $PI works and its market dynamics here.
Agents of the Permaweb hackathon prepares for launch 🤖
Last week was the final date for developers, designers, and others to sign up for the Agents of the Permaweb hackathon.
The hackathon focuses on building autonomous AI agents on AO, with ~$39,000 in prizes.
Even if you aren't participating, following the hackathon is a good way to discover interesting up-and-coming projects being built in the ecosystem.
The registration deadline was August 8th, with the official opening ceremony kicking off at 12PM EST today. You can check out the Luma link here, and the X Space here.
ICYMI 👀
- AO.js library announced
- New AO explorer released
- Wander adds delegation feature
- Load Network releases Rust-based bundles crate
This Week's Featured Community Piece 📝
Calling all creatives - if you're interested in launching your own music (or any other files) as an Atomic Asset, you can check out this guide from @TRue_JDHarmony here.
The Longview Insider Update 🔭
We've been working hard on revamping the AODevBot to make it the place for learning, building, and creating on AO. Consider checking it out for the hackathon.
Thanks for reading!
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The Longview Team
This is not investment advice. No profit guarantees. If in the U.S., ensure compliance with U.S. laws and seek professional advice.