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Worm

WORM

Target Name

Worm

Ticker

WORM

Strategy

long

Position Type

token

Current Price (USD)

0.03

Circulating Market Cap ($M)

25

Fully Diluted Market Cap ($M)

25

CoinGecko

$WORM: Not Another AI Memecoin - Real Biological Intelligence on Chain

Bursting Bagel

15 Nov 2024, 04:47pm

TLDR:

DeepWorm is putting the brain of C. elegans (a nematode worm) on-chain using Marlin Protocol's trusted execution environment (TEE) infrastructure. Scientists have worked to map how living creatures' brains are wired and so far have only succeeded with two organisms: a fruit fly and C. elegans. The C. elegans worm, just 1mm in length with 302 brain cells is the first to have its entire neural structure mapped and simulated. DeepWorm will process blockchain data through a biological neural network, allowing it to sense and react to network conditions like gas prices, trading volume, network congestion, and mempool activity, and this will be shown on a frontend. Following GOAT's success in pioneering AI agent meme coins, $WORM could represent the next evolution: the first biological intelligence meme coin.

Investment Thesis

  1. First-Mover Advantage in Digital Life:

    • The first meme coin working on implementing a biological neural network on-chain

    • Creates a new primitive for meme coins & blockchain-based agents: autonomous contracts powered by biological neural networks

  2. Easy To Get

    • A nice balance of meme appeal ("they put a fucking worm on the blockchain") with legitimate technical innovation and scientific research offering retail investors a non-intimidating and fun entry point into computational intelligence and DeSci

    • Stands out in the crowded AI narrative by being genuinely different - not another AI model, but actual biological intelligence

  1. Significant Technical Moat

    • Integration with Marlin Protocol provides crucial TEE infrastructure

    • Complex TEE implementation enables verifiable biological computation on-chain

    • Real-time attestation proofs and state verification ensure computation integrity

    • Limited competition due to specialized TEE implementation requirements and scarcity of fully mapped neural structures (only a handful of species have had their entire brains mapped)

  2. Good supply distribution

  • The largest cluster on bubble maps is only 1.83% of the supply.

Development Timeline:

  • Primary investment risk: uncertain development timeline

  • Actively in development with no fixed launch date

  • The team provides regular updates but maintains a flexible timeline

  • Two core product shipments are expected before March

Development Phases According to Core Team

  1. Phase 1 Core Components:

    • Smart Contract Layer (On-chain Brain)

    • Event Processing Engine

    • Neural Network Implementation

    • Frontend Visualization Engine

    • Data Collection & Analysis System

    • Heavy reliance on Marlin TEE for off-chain computation

  2. Phase 2:

    • Full on-chain execution implementation

    • Introduction of learning capabilities

    • “Evolution toward autonomous money,” whatever this means.

Affiliate Disclosures

  • The author and/or others the author advises do not currently hold, or plan to initiate, an investment position in target.
  • The author does not hold an affiliated position with the target such as employment, directorship, or consultancy.
  • The author is not being compensated in any form by the target in relation to this research.
  • To the best of the author’s knowledge, the information provided here contains no material, non-public information. The accuracy of the information is the responsibility of the reader.

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