TREE NEWS update: Ethereum-based AI project IMD (identity.md), which aims to run a community-owned company staffed by AI agents, said its agent network opened to NFT holders on Sept. 20 and grew from dozens of nodes to more than 370 within five days, while the IMD token rose over 200% in a week. About 3.8 million IMD, roughly 32% of supply, is staked as sIMD, and the Uniswap V4 CappedBurnHook burns 85% of IMD removed from the main ETH/IMD pool. Paid demand remains small: 115 orders at 0.5 IMD each, about $560.
Ethereum AI project IMD tops 370 agent seats as token jumps 200% in a week
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AI take
The gap between network growth and paid demand is the real story here: hundreds of agent seats and heavy staking show speculative conviction, while roughly $560 in order flow suggests the 'community-owned company' has yet to prove anyone will pay for its output. The burn hook gives the token a mechanical supply sink tied to pool activity, which can amplify price moves without confirming utility. Whether staking and seat growth translate into recurring paid orders is the open question.
Generated by AI for reference only.
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