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Hello Token Metrics Family!
We have got a power-packed edition for you all today.
The markets are relatively flat for the day, and key assets are holding up in green, with bullish activity detected in different pockets of the web3 ecosystem.
For example, Virtual’s ecosystem has gained traction with several agents presenting significant weekly gains. Token Metrics’ Trader Grade Indicators captured this growth and flagged bullish signals for tokens such as $VIRTUAL, $GAME, $LUNA, $CONVO, $AIXBT, and others. Visit the platform now to research and trade these tokens in a self-custodial way on decentralized exchanges.
AI Crypto Trading Agents at ETH Bucharest Hackathon
Ian Balina - Founder and CEO of Token Metrics on CNBC Crypto World
A deep dive research report on Fleek, a platform for AI Agents and Influencers
The Token Metrics team is out for the Developer World Tour, starting at ETH Bucharest, and discussing the TMAI API and SDK launch for developers to create innovative trading applications, leveraging the proprietary data of AI-driven market indicators.
Watch the video to learn more:
Ian discussed the rise of Bitcoin to above $94k, amid the weakening dollar and a potential decoupling from stocks, leading the way for risk assets. He also mentioned the potential move towards bullish signals on the market, and how institutional investors are taking exposure to digital assets. Catch the full story on Token Metrics’ X or CNBC.
$BTC hit $94K and our CEO @DiaryofaMadeMan dropped by @CNBC Crypto World to talk shop with @tanayamacheel.
0:01 - Bitcoin's rise and the Weakening Dollar.
0:40 - Institutional Investors Trends
1:36 - Bearish Signals On The Market
2:21 - What to watch for Crypto in Q2?
3:24 - Is— Token Metrics (@tokenmetricsinc)
10:47 AM • Apr 24, 2025
Fleek is an edge-computing cloud platform and protocol designed to simplify the development, deployment, and integration of AI agents, websites, and applications. Often described as the “Vercel for AI Agents”, Fleek provides a comprehensive infrastructure solution, including Trusted Execution Environments (TEEs) for secure and scalable operations.
Powered by the Fleek Network, it offers developers a permissionless, open-source, and cost-efficient system to build performant applications with minimal DevOps overhead. The platform supports a variety of frameworks, one-click AI agent deployments, and features like decentralized storage and seamless domain management.
With lifetime deployments of 1M+ AI agents and apps, and strategic B2B partnerships, Fleek is well-positioned for growth in AI infrastructure and decentralized cloud computing markets.
$FLK is the native token of the platform, which plays a critical role in node operations, developer discounts, and revenue buy-and-burn mechanisms. The project is backed by leading investors like Polychain Capital and Coinbase Ventures.
Fleek is now set to launch its private token sale on May 1, 2025, through CoinList, a compelling opportunity for crypto investors seeking AI and Web3 infrastructure exposure.
Fleek aims to be the leading AI infrastructure platform, empowering developers to build and deploy the next generation of AI agents and virtual influencers effortlessly on an open-source, verifiable, and auto-scalable cloud network.
It combines edge-optimized cloud services with advanced AI agent hosting capabilities, seeking to redefine how developers interact with cloud infrastructure, making it as intuitive and seamless as platforms like Vercel are for web development.
Building and deploying AI agents and modern applications often requires navigating fragmented infrastructure across multiple vendors, complex DevOps processes, and costly server management. Developers face challenges in ensuring security, scalability, and performance, particularly for AI-driven use cases that demand verifiable and confidential computing. Existing cloud platforms are often centralized, lack framework-agnostic support, and impose high costs, limiting accessibility for smaller teams and independent developers.
Fleek addresses these challenges by offering an all-in-one, edge-optimized cloud platform that simplifies the development and deployment of AI agents. It consolidates several capabilities, like one-click agent deployment, support for popular frameworks like Next.js, and storage, into a single platform.
So Fleek eliminates the need for multiple vendors, reduces costs, aiming to reduce them by an order of magnitude compared to competitors like Cloudflare, and empowers developers to focus on coding rather than infrastructure management.
Fleek operates at the intersection of AI infrastructure, decentralized cloud computing, and Web3 development platforms. The global cloud computing market was valued at $752.4B in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 20.4% from 2025 to 2030, as per Grand View Research.
The AI infrastructure market, a key focus for Fleek, is expected to grow from $135.81B in 2024 to $394.46B by 2030 at a CAGR of 19.4% during the estimated period 2024-2030, as per MarketsandMarkets. However, a different perspective from Precedence Research estimates the global AI infrastructure market size at $60.23B in 2025. It is forecasted to hit $499.33B by 2034, growing at a CAGR of 26.6% from 2025 to 2034.
AI agents and decentralized applications (dApps) are steadily gaining adoption in different market segments, creating a demand for a scalable, secure, and developer-friendly platform. Fleek is well-positioned to capitalize on this growth, with significant traction of 100,000+ apps and agents hosted on the platform and serving 2B+ monthly requests.
Vercel: Vercel is a leading platform for front-end development, offering serverless deployment, domain management, and seamless integration with popular frameworks like Next.js. However, Vercel operates on a centralized model and does not support AI agent hosting, secure environments like TEEs, or decentralized infrastructure.
Marlin (POND): Marlin (POND) is a decentralized cloud infrastructure protocol that provides high-performance computing and storage for Web3 applications. It is recognized for its Layer 0 infrastructure solutions, which optimize bandwidth and compute resources for blockchain networks. While Marlin has a strong foothold in the Web3 ecosystem, it lacks Fleek's developer-friendly features and a comprehensive toolkit for AI infrastructure.
Render: Render is a cloud platform that simplifies the deployment of web applications, APIs, and databases, with support for Docker and a reputation for being developer-friendly. However, Render does not offer Fleek's TEE or AI-specific features.
Filecoin: Filecoin is a decentralized storage network and smart contract platform, widely regarded as a leader in Web3 data solutions. It excels in providing secure, decentralized storage but does not extend its offerings to AI agent deployment, edge computing, or a full developer platform.
One-Click AI Agent Deployment: Enables developers to deploy AI agents with minimal configuration, supporting customizable personality traits and secure execution via TEEs with remote attestations.
Fleek Network: A high-performance, edge-optimized, on-chain cloud infrastructure that reduces latency and costs while providing permissionless access and open-source scalability.
Fleek Machines: Lightweight TEE virtual machines with Docker support, enabling verifiable and confidential computing for AI agents and standalone use cases.
Conversational Agent Creation: Allows developers to build and refine AI agents using natural language, streamlining the process from idea to deployment.
Decentralized Storage: Facilitates secure, cost-efficient file storage, leveraging IPFS for static sites and dApps.
Framework-Agnostic Support: Auto-detects popular frameworks like Next.js and supports custom Docker images, ensuring flexibility for diverse development needs.
MCP Servers & Plugins: Enables seamless integration of Model Context Protocol (MCP) servers and plugins to enhance AI agent capabilities, which are deployable in standard or TEE environments.
Virtual Influencer Marketplace: Supports listing social agents and virtual influencers for discoverability and monetization, targeting brands and consumers.
The native token of the platform, $FLK, has a total supply of 100M, out of which 6.67% of the supply is offered through the CoinList private token sale.
Node Operations: Node operators stake FLK to run nodes on the Fleek Network, ensuring security and performance.
Developer Discounts: Developers stake FLK to access service credits and premium features, incentivizing platform adoption.
Buy-and-Burn Mechanism: A portion of Fleek’s revenue and Agent Marketplace commissions is used to buy back and burn FLK tokens, reducing supply.
Agent Incentives: FLK unlocks enhanced capabilities for social agents and virtual influencers, including monetization and marketplace visibility.
Consumer and Brand Features: Companies stake FLK for advanced marketing tools and integrations in the Agent Marketplace.
Fleek has established an impressive traction with over 100,000+ apps and agents hosted on the platform, while serving 2B+ monthly requests, and 1M+ total deployments.
This is combined with a strategic onboarding process for B2B clients. Eliza Labs is leveraging Fleek for AI agent infrastructure, Venice AI for character-to-agent conversations, AGiXT for building privacy-oriented healthcare agents, and Shillr for developing marketing services based on attention data.
Fleek’s team comprises experienced professionals with deep crypto, AI, and cloud infrastructure expertise. Key members include:
Harrison Hines (CEO): Founded Token Foundry at ConsenSys, a leading blockchain development studio. He has been a crypto veteran since 2017 and brings extensive Web3 experience.
Dalton Coder (Tech Lead, Fleek Network): Senior Solidity developer with a background in DeFi protocols, contributing to blockchain infrastructure.
Gabriel Pinto (Tech Lead, Fleek Platform): Senior software engineer with over eight years of experience, leading Fleek’s core platform development.
Amelia Guertin (BD, Partnerships & Strategy Lead): Former COO at Bundlr/Irys and Senior Product Marketing Manager at Coinbase, Snowflake, and Salesforce, driving strategic partnerships.
Fleek has raised $25M in two different funding rounds so far. The first was a $5M Seed round at a valuation of $60M in October 2018, which was from Coinbase Ventures. The second was a $20M Series A round at a valuation of $200M in December 2022, led by Polychain Capital, and participated in by Coinbase Ventures, Digital Currency Group (DCG), The LAO, Distributed Global, Protocol Labs, and others. Now they are doing a private token sale, aiming to raise $5M at a valuation of $75M, which will be live from May 1st to May 8th, 2025.
Fleek is a high-potential project addressing critical pain points in AI agent development and cloud infrastructure through its edge-optimized, developer-friendly platform. By offering one-click AI agent deployments, TEE support, and a decentralized Fleek Network, it stands out in the rapidly growing AI and Web3 markets.
With its current traction, strategic partnerships with leading projects like Eliza Labs and Venice AI, and a robust token model, Fleek is well-positioned for growth. The experienced team and backing from top-tier investors further enhance its credibility. For crypto investors, Fleek represents a compelling opportunity to gain exposure to the convergence of AI infrastructure and the decentralized cloud computing market.
That’s all for today, folks. Let’s talk tomorrow.
Your Friends at Token Metrics
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