Latest news with #TokenFi
Yahoo
21-05-2025
- Business
- Yahoo
RWA Platform TokenFi Is Tokenizing the Floki Minibot
TokenFi, a sister project to Floki that focuses on real-world asset (RWA) tokenization, is set to tokenize the Floki Minibot M1 — an AI-powered robot built by Rice Robotics — marking what the team says is the first tokenization of a consumer AI robot. The move coincides with the launch of TokenFi's RWA tokenization module on May 23. A presale for the Minibot M1's token will go live the same day, initially for users on a whitelist compiled by Rice AI and select Floki ecosystem participants. The presale ties into broader plans to launch Rice AI's RICE token and conduct an airdrop for Floki (FLOKI) and TokenFi (TOKEN) holders, according to the announcement. Further details are expected post-sale, the team told CoinDesk. The Floki Minibot is a branded version of Rice Robotics' compact delivery and companion robot, which operates autonomously and is built on the RICE AI system. Rice Robotics counts Nvidia, Softbank, Mitsui Fudosan and 7-Eleven Japan among its partners and clients. "This is the first time in history that an AI robot will be tokenized,' TokenFi said in a statement to CoinDesk. 'It's a phenomenal moment for TokenFi, the RWA industry, and the AI robotics space.' TokenFi aims to be a leading RWA infrastructure provider, allowing companies to tokenize real-world items — from assets to equity and now robotics — using blockchain rails. Floki developers said earlier this year that they believe Rice Robotics is 'well-positioned for growth' in the AI robotics sector, citing industry projections that peg the market at over $100 billion by 2030. TOKEN has gained 19% in the past 24 hours, data from CoinGecko show, alongside a jump in major tokens. The CoinDesk 20 Index, a measure of the broader crypto market, has added 3%.
Perth Now
09-05-2025
- Business
- Perth Now
Rice Robotics team up with Floki to launch AI companion robot
Rice Robotics is launching a custom AI-powered companion robot in partnership with Floki. The Hong Kong-based robotics startup has announced the launch of the Minibot M1, which has been developed in conjunction with Floki. The robot will operate on the decentralised RICE AI protocol and integrate features designed to support everyday tasks and foster emotional interaction with users. The Minibot M1 will function as a personal assistant capable of managing household schedules, retrieving online information, and offering companionship through features such as music, storytelling and conversational engagement. Users who interact with the robot will earn $RICE tokens in return, forming part of a data collection and training ecosystem for robotic intelligence. The launch of the robot is to be accompanied by the introduction of the $RICE token, which will serve as the utility token of the RICE AI protocol. The token will debut on TokenFi Launchpad, with staking opportunities available for holders of $TOKEN, the native token of TokenFi. Airdrops of $RICE will also be issued to holders and stakers of both $FLOKI and $TOKEN. Rice Robotics has partnerships with a number of major corporations including SoftBank, Nvidia, Dubai Future Foundation, NTT Japan and Mitsui Fudosan. Its robots are currently deployed in delivery settings across Japan, including unmanned indoor delivery for 7-Eleven Japan and office services at SoftBank headquarters. Floki's involvement in the project marks another step in its strategy to expand into tokenised AI and blockhchain-enabled services. Through sister project TokenFI, Floki aims to facilitate the tokenisation of real-world assets and data, including AI-generated content and robotic learning models. Rice Robotics secured over $7 million earlier this year in a pre-Series A funding round led by Alibaba Entrepreneurs Fund, Soul Capital and Audacy Ventures. The company is working towards a decentralised data-sharing model where robots can exchange training data autonomously to improve performance without centralised oversight. The AI robotics sector is currently valued at approximately $22 billion and is tipped to exceed $100 billion by 2030, according to industry estimations. The rapid integration of artificial intelligence (AI) into robotics marks a transformative era for interaction between humans and machines – as society enters uncharted territory where robots shift from industrial roles to emotionally responsive companions and personal assistants.
Yahoo
25-04-2025
- Business
- Yahoo
Floki Teams With Softbank Partner Rice Robotics for Tokenization of AI Data
Rice Robotics and dog-themed utility project Floki will soon launch the Minibot M1, a Floki-branded AI-powered companion robot that works on the RICE AI platform. Floki will support the company in its blockchain push as it moves towards tokenizing its brand and AI data marketplace through TokenFi, a Floki sister project focused on tokenizing real-world assets, with support from the Floki community. 'The AI robotics market size is currently worth an estimated $22 billion and is projected to reach $100 billion by 2030, and we believe Rice Robotics is well-positioned for growth in this high-potential industry,' the Floki team told CoinDesk in a Telegram message. RICE AI is a robotics brand with high-profile clients such as Nvidia, Softbank, Dubai Future Foundation, Mitsui Fudosan, NTT Japan, and 7-Eleven. It raised over $7 million in a pre-Series A funding round earlier this year from investors including Alibaba Entrepreneurs Fund, Soul Capital and Audacy Ventures. RICE AI wants to make robots smarter by creating a system where robots worldwide can buy and share top-notch training data. These robots work independently without central control, making them more useful in the real world. FLOKI prices are up 16% in the past 24 hours alongside a broader crypto market bump.
