Drew Austin

@DH_GUILD_ 1. Multiplayer is coming this week (05/11). Final review with team is tomorrow. 2. Backpack paired with new economic inventory system is done and will ship week of 05/25. 3. Extraction point locations with WILD integration / use will ship week of 06/01.

1/ Most people still don’t know about @MorpheusAIs $MOR. But this could become one of the most important decentralized AI infrastructures of the next decade. 🤖⚡ Morpheus is building a peer-to-peer network for personal general-purpose Smart Agents that can actually operate on your behalf. No Big Tech gatekeepers. No censorship. Just open-source AI connected to wallets, dApps, and smart contracts. 🧵👇 2/ Here’s the vision in simple terms: Morpheus is creating an open-source network for personal AI agents called “Smart Agents.” These are NOT basic chatbots. They are autonomous AI agents that can: • Read your wallet • Interact with DeFi • Execute smart contracts • Coordinate across apps • Make decisions on your behalf While YOU remain in control. Think: Personal AI that truly belongs to the user. 3/ Why does this matter? Today’s AI is mostly centralized. OpenAI, Google, Anthropic, and others fully control: • the models • the infrastructure • the policies • the access They can censor, rate-limit, change pricing, or shut services down at any time. Morpheus flips that model entirely: → decentralized → permissionless → open-source → uncensorable AI infrastructure Infrastructure no single company can kill. 4/ One of the craziest parts: Developers can change ONE line of code in their apps… …and instantly route inference through decentralized, hardware-attested compute providers instead of centralized AI servers. That means: • more resilience • better privacy • open competition • no single point of failure This is where AI + crypto becomes very powerful. 5/ How does the network actually work? Morpheus rewards 4 core groups equally with $MOR emissions: • Capital Providers Stake stETH, WETH, USDC, USDT and earn rewards • Compute Providers Run open-source AI models on GPUs and earn $MOR for serving inference • Coders Build the open-source protocols, tooling, and Smart Agent framework • Builders & Community Create apps, agents, front-ends, integrations, and grow the ecosystem 24% emissions to each category. 4% goes to the protection fund. Very aligned token design. 6/ The $MOR token is the fuel powering the system: • Max supply: 42M • Distributed over ~16 years • No VC allocation • No founder pre-mine • Community-driven emissions Main utility: Stake $MOR → receive pro-rata AI inference credits daily. Meaning: You’re literally generating decentralized AI compute through staking. That’s REAL utility. 7/ What’s already live today? A lot more than most people realize: • OpenAI-compatible Inference API • DeepSeek, GLM, Kimi, Qwen, Venice support • Morpheus Router on Arbitrum • Self-custodial staking • Daily rewards • TEE-backed providers • Decentralized compute infrastructure powered with Lumerin This isn’t just a whitepaper anymore. 8/ The bigger picture: The future may not be: “Humans using AI tools.” It may become: “AI agents running digital economies.” Agents making payments. Agents coordinating machine-to-machine. Agents managing identity, memory, and capital. The BIG question is: Who owns those AI agents? Corporations? Or users themselves? 9/ That’s why decentralized AI matters. And that’s the thesis behind @MorpheusAIs $MOR: Building sovereign AI infrastructure where: • users own their agents • inference is decentralized • intelligence becomes permissionless • AI becomes open instead of controlled 10/ Most people are still sleeping on this. But the infrastructure is already being built. The network is already live. And the decentralized AI race is only beginning. If you’re interested in: • AI Agents • DeAI • Web3 infrastructure • Sovereign AI • Open-source intelligence Then @MorpheusAIs is worth studying. DYOR. What do you think about decentralized Smart Agents? 👇⚡ $MOR

The next crypto wave could be super simple - selling AI inference Why crypto? > permissionless supply onboarding (better models now being run on modest hw) > stablecoin micropayments per token (good for agentic apps) > marketplaces for models the big labs will never host (uncensored, privacy, etc) > token incentives to bootstrap customer acquisition @venice / $VVV is the cleanest current expression of this, pmf is hard to deny What’s converging: > inference demand is going parabolic with no signs of slowing, room for many players > specialized and fine-tuned models are exploding - a long tail the frontier labs won’t ever ship > $5-15k consumer rigs can now run serious quantized models in the 70-200B range - opening the supply side to prosumers, similar to the early ASIC window before mining centralized > stablecoin rails finally make per-token pricing work and are a perfect fit for agentic apps > huge opportunity for verifiable inference - did you get the model you paid for or did the provider nerf you? What would kill this thesis: > hyperscalers driving inference prices below decentralized unit economics > frontier quality outrunning what prosumer hardware can serve The one assumption you have to believe is that the marginal buyer is real - this can’t be based on fake demand hiding behind token subsidies The initial marginal buyers are likely builders and tech-savvy consumers who want uncensored models, privacy-preserving inference, or specialized fine-tunes at usage-based pricing This is a worthy TAM and one that is likely to grow considerably Put it all together and AI inference is a perfect use case for crypto

I just bought $2M of a brand new stock after it crashed 7% today. $PENG is now a 20% position in my Asymmetrical Bets fund (+89% YTD) on @joinautopilot followed by $10M. Credit goes to legend @pennycheck for being the first to call this stock. With Penguin Solutions I now own the winner agnostic integrator behind the memory, CPU, and photonics supercycle at under 17x forward earnings. 1) The memory business alone is worth the market cap. Penguin's Integrated Memory biz = they take raw DRAM chips from manufacturers like SK Hynix and package them into custom memory modules built to spec for AI servers, telco gear, and enterprise systems. It's now 50% of revenue, did $172M last quarter, growing 63% YoY, ~$800M annualized. Apply a 3x price to sales on just this unit and you're already above what $PENG is worth today. 2) Play the CPU supercycle. CPU:GPU ratios going from 1:8 to 1:1 as agentic AI takes over. $PENG is the lead integration partner for AMD EPYC and Intel Xeon. Every new socket = more memory cooling and integration revenue baked in. 3) The AI Factory platform is real. OriginAI is their turnkey deployment from 256 to 16,000+ GPU clusters for sovereign and enterprise customers. 85,000 GPUs already deployed. UBS says non hyperscaler buyers (sovereigns, neoclouds, enterprises) capture 48% of AI infra spend in 2026. Hyperscalers build in house. But these other players ALL need Penguin. 4) Photonics is the unpriced asymmetric bet. $PENG called photonics early and was an early investor in Celestial AI. $MRVL acquired it $3.25B in December. Now Penguin is building the Photonic Memory Appliance, making it the only public play on this kind of wild photonics tech. The PMA is basically a box that uses light to link memory across a bunch of servers so the entire AI cluster can share one giant pool of memory like it's one big computer. Marvell guides Celestial to $1B revenue in 2029. If Penguin captures even low double digits of that stream, that could be 9 figs of unpriced networking revenue on $PENG's highest margin, most defensible IP. 5) People/partners are cracked. Chairman of $PENG is ALSO Chairman of $LITE. AMD CTO Mark Papermaster sits on the board SK Telecom dropped $200M as a strategic investor New CPO Ian Colle ran AI infra at AWS 6) Risks are real but manageable Penguin's AI cluster business is lumpy and one big customer slipping a quarter can tank earnings (already happened in Q2, down 42% YoY). The memory shortage is a headwind as high DRAM prices are slowing customer orders and hitting Penguin's gross margins. The photonics upside is a 2027+ story, so if it slips, the stock can sit dead money for a while. Because the multiple is still so cheap, I overall see limited downside compared to the upside if their photonics option can be quantified with $MRVL where I could see Penguin trading closer to a 30x+ forward PE. Surf's up. Full thesis linked on Substack below.

.@NBATopShot volume on @flow_blockchain grew 12.2% QoQ to $7M in Q1 with WAUs climbing to 25,440 heading into the NBA playoffs, and the network is on pace to cross 1 billion lifetime transactions in Q2. Flow Q1 2026 by the numbers:📊 -NBA Top Shot volume: $7.0M (+12.2% QoQ) -New contract deployments: 303 (+25.2% QoQ) -Avg daily active contracts: 194 (+13.6% QoQ) -Full-time developers: 71 (flat QoQ) -FLOW price: $0.03 (-65.2% QoQ) -DeFi TVL: $17.1M (-83.2% QoQ)

🏀 Victor Wembanyama #6/10 SOLD for $100,000.00 (42.41 ETH) 2023-24 Panini NFT Prizm Basketball · Kaboom Gold Buyer: billoBanked 👤 @billoBanked/profile/panini-wall.html" target="_blank" rel="nofollow noopener">nft.paniniamerica.net/@billoBanked/p… See more #VictorWembanyama for sale 👉 nft.paniniamerica.net/marketplace/nf… #whodoyoucollect #nft #PaniniNFT #PaniniBlockchain