AI on-chain trading engine Brian announces termination, founder criticizes VC preference for speculative tokens

PANews May 26 news, according to the Brian team announcement, the AI intent recognition project Brian, which began at the 2023 ETHPrague hackathon, officially announced its termination and the return of remaining funds due to the loss of market first-mover advantage and failure to secure seed round financing. The team criticized VC for focusing on TGE and speculation rather than the actual progress and application value of the project, which has led to serious construction teams being marginalized in the AI boom. Brian had planned to implement on-chain transactions using LLM for natural language and to launch a Web3 dedicated small model and practical Token, but ultimately stopped due to the speculative atmosphere in the industry and pressure from infrastructure costs.