A while ago, I scanned some $RICE NFTs @realRiceAI Recently, there’s finally news! It’s here, it’s here～ Ru7 did a little project analysis: RICE AI is an AI + robotics project driven by a physical technology company. The highlight of this project is that it is not a pure Web3 concept project, but a blockchain attempt driven by the physical technology company Rice Robotics. Let’s talk about the project background: - The parent company Rice Robotics has secured $7 million in Pre-A round financing. - Investors include well-known institutions such as Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, etc. - There are already enterprise clients like SoftBank, Mitsui Fudosan, 7-Eleven, etc. - It is a partner of NVIDIA's Inception program. Recent important developments in the project: 1. Recognized by CZ at the BNB Dubai Demo Day. 2. Stand out from over 500 projects, selected for the 10th season of BNB Chain MVB. 3. Successfully entered the high-end commercial market in Japan, validating the business model. It can be said that the background is very impressive, and the quality of the official Twitter is also top-notch. Moreover, its tokenomics design: - Total supply: 1 billion $RICE - Valuation: $7.5 million (the valuation is also a very friendly price) - TGE unlock: 20% - The remaining 80% release method: 6 months linear release - Ecosystem incentives: 16% (14% airdropped to Floki and TokenFi stakers, 2% rewards for users purchasing robots) @tokenfi - Snapshot time: August 5, 04:00 UTC The application scenarios for the $RICE token are rich and diverse: 1. Platform subscription payments 2. Data contribution incentives 3. Governance rights 4. Buyback and burn mechanism The core advantages of this project lie in three points: 1. Already has mature commercial products and stable income. 2. A quality client base proves the product's value. 3. Integrates three popular tracks: AI, robotics, and DePIN. In my opinion, RICE AI truly possesses solid technical accumulation, a clear business model, and a complete ecological plan. Currently, the project is still in its early stages, making it a relatively suitable entry point. However, investment should be cautious, and I suggest everyone do thorough research before making a decision. I’m already on the bus 🚌 firmly holding my @realRiceAI NFT. Looking forward to it 😚