FLOKI Emerges as One of the Top Performers in the Cryptocurrency Market

Last updated: 2024-04-24 at 03:57

The price of dog-themed cryptocurrency token FLOKI has shot up by 15% in the last 24 hours, bringing its recent gains to 20%, data from Benzinga showed on Wednesday. The token’s price moved up to a high of $0.00009428. It is now down more than 72% from its all-time high of $0.0003462 reached in January last year.

What Happened: FLOKI announced a partnership with Nvidia-backed startup Rice Robotics to launch a custom AI-powered robot and the RICE token.

The AI-powered companion robot, named the FLOKI minibot M1, will be natively integrated with the RICE AI decentralized protocol, and the token is used to power the robot and its functions.

It is a daily task assistant that can remind people of their scheduled activities and can also connect online to search for information like Amazon's Alexa or Apple's Siri. It is also programmed to create emotional connections or engage in conversations with people like a highly intelligent companion thanks to its LLM (Large Language Model) Machine Learning protocol. Its smart sensors enable it to navigate spaces, track its owner and recognize body and hand gestures.

Along the way, FLOKI minibot users can earn RICE tokens simply by interacting with the AI companion.

FLOKI also disclosed that its token holders and stakers will be eligible for RICE token airdrop at the launch event. The same benefit will be extended to TokenFi owners.

Floki noted that Rice Robotics is one of the fastest-growing startups in the AI robotics space, and its clients and partners include Nvidia (NASDAQ:NVDA), Softbank, 7-Eleven, Dubai Future Foundation, Mitsui Fudosan and NTT Japan.

Top Shot: According to Statista, the market size of the AI robotics sector is expected to grow from $19 billion in 2024 to $35 billion in 2030, at an annual growth rate of about 20%.

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Image Credit: Dmitry Urkut on Unsplash