State of the State. So what's been going on? It seems that as the market took a downturn the team's been very quiet. Well, here's the update: Over the last couple of weeks we've been faced with an increasingly harsh reality: that we might not be able to build out our dream of a tool launchpad if we can't prove ourselves to be profitable to begin with. So we set out to fix the things that tug at the heart of every crypto project. We set out to become a profitable, revenue-generating business. While we had sold ad-hoc services and tools in the past, we had never taken the idea of becoming mercenaries for hire seriously. So @haru_the_cat_ and @vtes369 began getting the word out that not just the arsenal of State was for sale, its services were for hire to anyone that was willing to pay top dollar. And sales surged. Over the past two months we've built: 1. NSFW AI Chat bots 2. Evolving personality memory modules for AI companions 3. Autonomous AI Hedge Funds on HyperEVM with much more in the funnel! So where does that place us financially? In numbers: 30k USDT in received revenue 110k USDT in signed, but pending execution revenue 72k USDT in the pipeline for conversion All this revenue means in the span of two months, we've received enough revenue to keep the existing team on payroll for at least the next 18 months. Which is more than what we can say for most projects, let alone web3 AI projects. All this without raising outside VC money or selling any tokens OTC. So what's next? 1. With revenue formally settled, we're looking to setup a dune dashboard to track the project's revenue so that our holders can have a place to quickly glance at the team's current financial standings. 2. The toolkit launchpad is still coming, but we want to first have verifiably revenue-generating tools under our belt first, like ones with very visible traction. For that, we look to SAM, who will be participating very deeply in ACP. Development on the ACP front has been plagued with some technical delays, but trust me, it'll be worth it. SAM will be the hidden hand that pushes the wheel of trade. When SAM takes off and we show that we know how to take a tool from 0-100, then we can actually go to the masses and say "hey launch a tool / buy a tool's token, cause we know how." Just like how Luna basically was the MVP for Virtuals. 3. Our base migration is technically ready, but we are pending some updates on the LP for the Base side before we push for it fully. The token technically is already on Base as we've completed building the OFT; but we have not seeded any liquidity cause we're trying to get a setup that makes sense for all holders. 4. Revenue remains the core of our focus for the next quarter, the goal is to beef up the treasury so we can hire more devs and build more comfortably. As it is the team is composed of Haru the PM, HoHoHo the oxford-peking-colombia genius AI coder, and RF the backend wizard whose last job was spearheading the software behind all hospital inventory management in his country. 5. There’s going to be a pree big feature being shipped on SAM in a few days in collaboration with the team at @goat_sdk and @crossmint so keep an eye out for that! In conclusion, we're here for the very very long run, and we intend to continue beefing up transparency. We appreciate everyone who has been on this wild ride with us, and we can't wait to continue delivering value back to the AI space. This path ends with us being at the heart of every AI project in this space as everyone's preferred weapons dealer.
