We scored many projects this week. Here are a few which have the most potential:

Plume Network
Nexis AI
Flaunchgg
Nesa AI
Pumpkin

Please remember that some of these projects still need our code review process. Still, we want to call them out here because they preliminarily caught our eye based on our fundamental analysis process.

AbstractChain – 74.46%

Sector: L2 | zk-Rollups
Status: Active

Abstract is a Layer 2 (L2) network built on Ethereum, designed to power consumer-facing blockchain applications with low fees and fast transaction speeds. It utilizes the ZK Stack as a zero-knowledge (ZK) rollup, improving scalability by executing transactions off-chain, batching them, and verifying them on Ethereum using ZK proofs. As an EVM-compatible chain, Abstract allows most Ethereum-based smart contracts to function with minimal modifications while offering higher transaction throughput and lower gas costs. While it supports Ethereum’s development tools, its execution environment runs on the ZKsync VM, which differs from Ethereum’s EVM at the bytecode level.

Key Features

Seamless Onboarding: Abstract simplifies the user experience with advancements in wallet security and account abstraction, making blockchain interactions as smooth and intuitive as traditional Web2 applications.
App Discoverability: The platform enhances ecosystem curation by offering a network-wide discovery system, making it easier for users to find and interact with blockchain applications.
Security & Scalability: Abstract is built on Ethereum, inheriting its robust security while leveraging zero-knowledge cryptography (ZK Stack) and Eigen DA for high-performance data availability. This ensures fast, low-cost, and scalable transactions.
EVM Compatibility: Developers can deploy most Ethereum-based smart contracts on Abstract without modifications, allowing for easy migration of existing applications while benefiting from lower fees and higher efficiency.

Investors

Abstract chain has raised over $11M in funding from notable investors such as Animoca brands, Founder’s Fund, Fenbushi Capital, 1kx, EVG and Selini.

Kite AI – 72.73%

Sector: AI
Status: ACTIVE

Kite AI is an EVM-compatible Layer 1 blockchain designed to create a decentralized AI economy, ensuring fair access to AI assets like data, models, and agents. Powered by Proof of Attributed Intelligence (PoAI), it guarantees fair attribution and equitable rewards for AI contributions. Customizable AI subnets allow tailored environments for AI workloads, while smart contracts enable flexible incentives for data sharing and model training. A privacy-protected memory system ensures secure tracking and provenance of AI assets. Advanced data indexing simplifies the retrieval and monetization of high-quality datasets. Decentralized compute and storage optimize AI workloads while maintaining security and transparency. Kite AI fosters seamless collaboration among data providers, model developers, and AI agents. With trustless governance and modular tooling, it supports scalable AI innovation. By unlocking fair access to AI tools and assets, Kite AI revolutionizes how AI is developed, shared, and monetized.

Key Features of Nexis AI

Fair Rewards with Proof of AI: Kite AI uses a unique system called Proof of Attributed Intelligence (PoAI) to fairly track and reward contributions to AI, whether it’s data, models, or AI agents. This ensures everyone gets credit for their work.
Decentralized AI Collaboration: Instead of relying on big tech companies, Kite AI allows developers, data providers, and AI builders to work together on a blockchain network. This creates an open and fair AI ecosystem.
Custom AI Subnets: Kite AI lets users create customized blockchain environments (subnets) for specific AI needs. These subnets help AI projects run more efficiently by optimizing governance, incentives, and execution.
Smart Contracts for AI Incentives: Developers can design custom reward systems using EVM-compatible smart contracts. This allows AI creators to monetize their contributions, whether they provide data, train models, or develop AI agents.
Secure and Transparent AI Tracking: Kite AI ensures privacy-protected tracking of AI assets, so all contributions are transparently recorded. This prevents disputes and guarantees proper attribution for every dataset, model, and agent used.
Efficient AI Data and Compute Management: Kite AI makes it easier to organize, retrieve, and monetize AI datasets, while also optimizing compute resources. This reduces barriers to AI innovation and speeds up development.

Token

$Kite is the native utility token of the Kite AI ecosystem, used to pay for gas fees and transaction costs on the network. It ensures smooth execution of smart contracts and AI-related operations within the blockchain.

In addition, Kite Tokens serve as incentives for PoAI validators, who play a crucial role in securing the network and verifying contributions to AI assets. Validators earn Kite Tokens based on their workload and the accuracy of their validation results, ensuring fair and efficient verification of AI data, models, and agents.

Investors

Eternal AI – 69.00%

Sector: AI
Status: Active

Eternal AI is a decentralized AI network that allows AI models to run securely and autonomously as smart contracts on multiple blockchains like Bitcoin, Ethereum, and Solana. These AI models, called Eternals, function exactly as trained without downtime, censorship, or fraud. Eternal AI uses Proof-of-Compute, a system where AI tasks are processed by independent Eternal AI Nodes, which are GPU-powered machines run by anyone. Users can pay to use AI models, while node operators earn tokens for providing compute power, and verifiers earn rewards for ensuring accurate results. This model enables trustless, open, and secure AI inference without relying on centralized providers. Eternal AI also introduces a new monetization method for AI developers, allowing them to publish AI models and earn revenue. By combining blockchain security with AI computing, Eternal AI ensures that AI services remain accessible, transparent, and resistant to manipulation.

Key Features

AI Models as Smart Contracts: Eternal AI deploys cryptographically secure AI models, called Eternals, as smart contracts on multiple blockchains, ensuring they run autonomously without downtime, censorship, or fraud.
Multi-Chain Compatibility: Eternal AI operates across Bitcoin, Ethereum, Solana, and other blockchains, making AI models accessible and verifiable across decentralized networks.
Proof-of-Compute Consensus: AI computations are handled by Eternal AI Nodes, which use a novel proof system to ensure accurate and trustless AI processing without relying on centralized servers.
Decentralized Compute Network: Anyone can run an Eternal AI Node with a GPU to process AI prompts, earning rewards for providing compute power. This creates an open and distributed AI inference layer.
New Monetization Model for AI Developers: AI creators can publish their models, allowing users to pay per usage while earning revenue directly from the network. This supports the growth of open-source AI.
Trustless AI Verification: A network of independent verifiers checks AI outputs, ensuring fair computation and reliable results, while earning tokens for their role in securing the protocol.

Token

$EAI is the utility token of the Eternal AI ecosystem, enabling decentralized transactions without intermediaries. It is used to deploy AI models (Eternals) by paying a deployment fee, ensuring secure on-chain storage. Users pay EAI fees to access and run Eternal AI models, creating a sustainable AI economy. Anyone can become an Eternal AI node by staking 25,000 EAI, earning rewards for storing models and performing AI computations. This tokenomics model ensures fair rewards, decentralized AI access, and long-term network sustainability.

Where can you buy the token?

The $EAI token is live on both the Base and ETH network and can be traded on decentralized exchanges like Uniswap and centralized exchanges like Mexc.

Kinto – 69.52 %

Sector: DEX
Status: Active

Kinto is an Ethereum Layer-2 solution offering secure, insured, and regulated financial services. It combines traditional finance (TradFi) and decentralized finance (DeFi) with built-in KYC, AML, and fraud monitoring at the blockchain level. All users are verified, ensuring a compliant and secure environment. The network provides insurance for smart contracts and applications, funded by sequencer fees. Smart contracts also earn revenue through Contract Secured Revenue. Users can access services easily with account abstraction, eliminating the need for wallets or private keys. Governance is fully on-chain and controlled by the community. Kinto is focused entirely on financial use cases, integrating seamlessly with DeFi protocols. It is also launching a fully on-chain, Sybil-resistant token Launchpad.

Key Features

KYC & AML Compliance: Every user on Kinto is verified through KYC (Know Your Customer), and transactions are continuously monitored for AML (Anti-Money Laundering) compliance. This ensures a secure and regulated environment while keeping personal information private—only identity providers chosen by users store PII (Personally Identifiable Information), and it cannot be linked to blockchain accounts unless users allow it.
Built-in Insurance: Kinto provides automatic insurance for smart contracts and applications built on its network. This protects against unexpected financial risks (black swan events). The insurance is funded through sequencer fees, which are distributed to network underwriters, ensuring a more secure ecosystem.
Contract Secured Revenue: Developers and projects using Kinto can earn a steady revenue stream. Smart contracts on Kinto receive a share of sequencer fees based on their transaction volume, creating a sustainable financial model for builders.
Account Abstraction (Magical UI): Users can access crypto services without dealing with complicated wallets, browser extensions, or seed phrases. Kinto enables simple logins using a username/password, 2FA (two-factor authentication), or mobile device authentication—while still maintaining a non-custodial structure. This makes DeFi accessible to everyone, even those unfamiliar with traditional crypto wallet management.
Full On-Chain Governance: Kinto is governed entirely on-chain by its community. The governance system controls treasury management, fees, integrations, and identity providers using OpenZeppelin’s Governor framework. All votes are binding, ensuring that no centralized entity can override or manipulate decisions.
Finance-Focused Infrastructure: Kinto is built specifically for financial applications. It provides deep integrations with major DeFi protocols, oracles, and other essential blockchain services. This allows developers and users to interact seamlessly with a financial ecosystem designed for security, efficiency, and growth.

Investor

Kinto has successfully raised $5 million from leading investors, including Kyber Capital, Spartan, Skybridge, Kraynos Capital, Tane, Modular Capital, Robot Ventures, Deep Ventures, and ParaFi. Additionally, Brevan Howard’s crypto arm deployed $20 million on Kinto as part of its institutional DeFi expansion.

Token

$K is the governance token of Kinto, designed to empower the community with full on-chain decision-making rights. As a key part of Kinto’s modular exchange, $K holders will have governance control over the network, including treasury management, integrations, and key protocol parameters. The token will be listed once the network reaches 100M in Total Value Locked (TVL) and achieves Stage 1 Rollup classification.

$K Token Auction – Starting February 18th 2025

Kinto’s $K token auction follows a fair pricing model, ensuring transparency and accessibility for all participants. Unlike traditional ICOs, Kinto’s auction is designed to prevent price manipulation, offering a gas-free, Sybil-resistant, and fully compliant token sale.

How the Auction Works

Users enter their bid: Participants specify the amount of $K they want and the maximum price per token they are willing to pay.
Bids are ranked from highest to lowest: The auction ranks all submitted bids in descending order.
Final price is determined: The lowest successful bid sets the final price per token.
All buyers pay the same price: Every successful bidder purchases $K at the same final price.
Users who bid below the final price do not receive tokens.

How to Participate

Create an account – Sign up on kinto.xyz
Deposit USDC – User deposits USDC to ready for bidding.
Place Your Bid – The auction will run from February 18th to February 20th 2025.

=nill; Foundation

Sector: L2
Status: Active

=nil; is an Ethereum Layer-2 blockchain powered by zkSharding, enabling seamless scalability with built-in cross-shard communication. By partitioning state across multiple shards, =nil; reduces network congestion, lowers fees, and allows parallel transaction execution.

Unlike traditional sharded architectures, =nil; blends appchain scalability with monolithic composability, ensuring smooth interoperability across its network. Security is maintained with zero-knowledge proofs, allowing the entire network to be verified with a single proof.

Developers benefit from async cross-shard smart contract calls, gas forwarding, and smart accounts that streamline user interactions. With Ethereum as the foundation for data availability and consensus, =nil; provides a modular, scalable, and secure environment for next-gen blockchain applications.

Key Features

Scalability with zkSharding: =nil; improves blockchain scalability by dividing the network into multiple execution shards. These shards process transactions in parallel, reducing congestion and lowering transaction costs while maintaining high throughput.
Seamless Cross-Shard Communication: Unlike traditional sharded blockchains that struggle with interoperability, =nil; has built-in support for smart contracts to interact across shards. Developers can use asyncCall() to send messages between contracts on different shards and awaitCall() to retrieve results asynchronously, making cross-shard interactions smooth and efficient.
Zero-Knowledge Security & Verifiability: Instead of verifying every transaction separately, =nil; uses a single zero-knowledge proof to confirm the correctness of all transactions across the network. This enhances security, ensures trustless verification, and reduces computational overhead.
Ethereum as a Security & Data Layer: =nil; functions as an execution layer while relying on Ethereum for consensus and data availability. This means developers get the best of both worlds: high-speed execution on =nil; with Ethereum’s security and decentralization backing it.
Smart Accounts for User-Centric Interactions: Every smart contract on =nil; can act as a smart account, meaning it can pay for transaction fees on behalf of users, manage complex authentication processes, and support multi-signature operations. This improves user experience by reducing the need for manual gas payments.
Gas Forwarding for Efficient Execution: In traditional blockchains, each transaction requires separate gas payments. =nil; simplifies this by enabling gas forwarding, allowing a chain of smart contract interactions to be executed without requiring each step to be funded separately. This makes complex applications more cost-effective and efficient.