Daniele Sesta’s AI Project Goes Parabolic, Coins the Term “DeFAI”

Just three weeks after Hey Anon’s controversial presale, depositors are up over 600% and the ANON token on Sonic is flying.

The AI-agent project built on the Layer 1 blockchain Sonic, seeksto pioneer the “DeFAI” space, which blends decentralized finance (DeFi) with automated and optimized actions performed or enhanced by artificial intelligence (AI). ANON, the project's native token, is now trading at a $118 million market capitalization.

Founder Daniele Sesta, previously known for creating TIME Wonderland in 2021, published an article breaking down DeFAI, powered by Hey Anon.

In the piece, Sesta addresses the unnecessary complexities and high stakes of DeFi in its current state, where users are forced to use multiple protocols and user interfaces, and adopt a steep learning curve in order to get the most out of their experience.

DeFAI introduces a singular AI-powered interface that abstracts the complexities away for the user, requiring the human to merely prompt its AI in natural language, and sign the transaction.

Eventually, Sesta envisions autonomous transaction execution for agents, as well as a research and communication agent where users can request strategies based on their unique situation and risk tolerance.

On Jan 6, Sesta also introduced Gemma, the “ultimate research companion” by Hey Anon. Gemma is set to provide users tools such as onchain and offchain data, social intelligence, risk assessment, and opportunity alerts as part of Hey Anon.

Since coining the term “DeFAI”, token aggregation sources such as CoinGecko have added the category to their sites, and ANON is currently the second-largest token in the category, behind GRIFFAIN, which is valued at $500 million.