AINN Layer2 Mainnet Debuts with Record-Breaking $600M TVL

AINN Layer2, the first Bitcoin Layer2 network specializing in Web3 + AI applications, has achieved remarkable success on its mainnet launch day. With total value locked (TVL) in assets staked surpassing $600 million, AINN Layer2 has become the Layer2 network with the largest TVL within 24 hours.

AINN Layer2 Mainnet Launch Achieves Record-Breaking $600 Million TVL on Day One

Jersey City, NJ, April 11, 2024 - AINN Layer2, a pioneering Bitcoin Layer2 network dedicated to Web3 and artificial intelligence (AI) applications, has achieved an unprecedented milestone on the first day of its mainnet launch. The network's total value locked (TVL) in staked assets has surpassed an impressive $600 million, making it the Layer2 network with the highest TVL within the first 24 hours of operation.

Staking and Rewards

The AINN Layer2 mainnet enables users to stake various BRC-20 inscription assets including Bitcoin ($BTC), AINN ($AINN), Odinal ($ORDI), Stacks ($SATS), and RATS ($RATS). The network plans to expand its support for staking to encompass a wider range of assets in the future. Users who stake assets on the AINN Layer2 mainnet earn TVL staking points, which can be redeemed for upcoming airdrops of $ANVM tokens.

Strategic Partnerships and Investments

AINN Layer2 has secured significant investments from renowned market makers such as Amber Group and Waterdrip Capital. The network has also received backing from Cipholio Ventures (a Bitmart subsidiary), Satoshi Lab, AscendEx, Foundinals Lab, Monday Capital, Bitrise Capital, and other prominent investors. Key opinion leaders in the Bitcoin ecosystem and partners in institutional finance have also extended their support to AINN Layer2.

Collaboration with the Kyrgyz Republic

On April 5, 2024, AINN Layer2 entered into a Memorandum of Understanding (MoU) with the Ministry of Digital Development of the Kyrgyz Republic. This agreement marks a significant step towards collaboration between the two entities in promoting digitalization and governance within the Web3 sphere.

AI Odyssey and Community Engagement

Following the mainnet launch, AINN Layer2 will initiate the 'AI Odyssey', an exclusive event that sets the network apart from traditional finance offerings. This event will allow users to interact with a diverse range of Web3 and AI applications, including AI-generated content (text, images, and videos).

AINN Layer2 has established a strong connection with the community, evidenced by its participation in notable events such as the Hong Kong Web 3.0 Spring Summit, BTC L2 Summit, and Token2049 in Dubai.

Focus on Decentralized AI

AINN Layer2 is committed to enhancing the fundamental aspects of decentralized AI and fostering an environment conducive to the proliferation of AI-based applications. The network anticipates deploying thousands of AI applications in the future, with billions of users expected to leverage these advancements. This collaboration is shaping a promising trajectory for the Web3 and AI ecosystem.

Additional Information

For more comprehensive details on the AINN Layer2 Mainnet, please refer to the following link:

https://mirror.xyz/0xf6359c54fb0A6aF04056976E16Cc29e5fD344028/MYzF-lAuPfY5RfYZZnJ76BBAXSxL_1e8Wr4KgQP0uks