Guru Network Insider Updates - December 7, 2024 - New Apps and Partnerships

Introduction

The recent AMA session for Guru Network, held on December 7, 2024, provided an in-depth overview of the project's progress, ecosystem updates, and strategic plans. Session covered various topics, including the evolution of Guru Network's ecosystem, the launch of its mainnet (Guru L3), tokenomics updates, business development efforts, and upcoming features.

Key Highlights

1. Guru Network’s Vision and Progress

• Guru Network is focused on building a multi-chain ecosystem with AI compute automation and Web3 integrations.
• The project recently gained traction with increased token liquidity and new integrations.
• The AMA emphasized the transition from initial token launch milestones to mainnet deployment.

2. Mainnet Launch (Guru L3)

• The mainnet launch marks a significant milestone for Guru Network. It is designed to enable:
  • Total Value Locked (TVL): Encouraging users to bridge assets to Guru L3.
  • Transactions: Promoting on-chain activity through ecosystem applications.
  • Unique Wallets: Attracting new users via partnerships and community engagement.
• The ecosystem integrates AI processors, Web3 automation tools, and community-driven apps to drive growth.

3. Tokenomics and Flywheel Proposal

• A "flywheel" mechanism was introduced to create a self-sustaining economy:
  • Users earn rewards by completing quests within the app.
  • NFT sales redistribute funds into infrastructure costs, governance pools, and token burning mechanisms.
  • This system aims to create upward price pressure for the Guru token while maintaining ecosystem sustainability.

4. Ecosystem Applications

• The team showcased several applications that leverage Guru Network's infrastructure:
  • Miles App: Features price alerts and notifications for trading communities.
  • Guru Network App: Includes functionalities like NFT minting with wallet selection and price automation tools.
  • Both apps integrate AI-driven chatbots for seamless user interaction.

5. Business Development Updates

• Two new partnerships were announced:
  • A trading-focused Haven App integrated into a Telegram community of over 3,000 users.

• An upcoming application launching in January with unique features (details withheld).
• These partnerships aim to onboard more users and increase activity on Guru L3.

Technical Developments

1. Liquidity Synchronization

• The team addressed discrepancies in liquidity synchronization between Base and Guru L3. A new mechanism ensures consistent pricing across networks.

2. Bridging Solutions

• Discussions with Hyperlane are ongoing to enhance bridging capabilities between Ethereum, Base, and Guru L3. This will reduce transaction delays and improve liquidity flow.

3. AI-Powered Chatbots

• Chatbots integrated into apps provide analytics, trading insights, and execution capabilities. These bots utilize data from Guru’s backend infrastructure (e.g., MindsDB) for real-time decision-making.

Community Engagement

• The AMA highlighted the importance of community involvement:
  • Active participation in Telegram and Discord channels.
  • Feedback loops for testing new features like NFT quests and liquidity mechanisms.
  • Plans to onboard community developers who participated in pre-mainnet hackathons.

Future Plans

1. Scaling Efforts

• The team plans to expand its developer base by onboarding talent from its Belgrade office.
• Upcoming features include enhanced automation tools and deeper integration of AI processors into ecosystem apps.

2. Marketing Initiatives

• Increased focus on promoting the ecosystem through partnerships with trading communities.
• Content creation to communicate the project’s vision and roadmap more effectively.

AMA demonstrated that Guru Network is making steady progress toward its goal of creating a robust multi-chain ecosystem powered by AI automation. With its mainnet live, the team is focused on scaling operations, enhancing user engagement through innovative apps, and fostering a sustainable token economy. The session provided valuable insights into the project's direction while addressing community questions transparently.

For further updates, users are encouraged to join Guru Network’s Telegram group or Discord channel.

Prefer video format? Watch it here:

Here are timestamps to navigate AMA with ease:

1:14 - 1:37: Overview of Guru Network's weekly AMA purpose
1:42 - 2:25: Discussion on Guru Network's mission and recent traction
2:30 - 3:15: Explanation of the project's evolution and community engagement
3:22 - 4:11: Launch of Guru Token and its initial milestones
4:18 - 5:03: Transition to discussing Guru Network's mainnet (L3)
5:09 - 6:00: Key performance indicators (KPIs) for mainnet success
6:13 - 7:47: Explanation of TVL, transactions, and unique wallets as metrics
7:52 - 8:39: Overview of Guru Network's ecosystem components
8:48 - 9:40: How activities in the ecosystem drive growth metrics
10:02 - 11:55: Mechanics of bridging assets and incentivizing activity on Guru L3
12:23 - 13:47: Introduction of NFT-based quests and their role in testing the system
14:35 - 16:03: Updates on liquidity synchronization and testing on mainnet
16:41 - 17:36: Enabling community apps and onboarding users to the ecosystem
17:43 - 19:15: Development of chat-based applications within the ecosystem
19:36 - 22:14: Features of trading-focused chatbots integrated with AI processors
22:42 - 25:10: Demonstration of price alerts, notifications, and automation features in apps
25:24 - 27:35: Enhancements to NFT functionality, including wallet selection for minting
27:50 - 31:36: Explanation of the flywheel proposal for Guru Network's tokenomics
33:13 - 37: Overview of liquidity bootstrapping (LBP) event and TVL growth strategy
38:01 Business development updates, including partnerships with trading communities
41:04 Integration of orchestration nodes for app processes on Guru L3
47:06 Updates on bridging solutions and community questions about Hyperlane integration
50:02 Closing remarks, upcoming Belgrade session, and scaling team efforts