Legendary hedge fund manager Paul Tudor Jones has bet on a tough player - the AI-driven decentralized hedge fund Numerai, with a latest valuation skyrocketing to $500 million.

This project is quite innovative: global data scientists use encrypted models to predict the stock market, and those who make money receive $NMR tokens as dividends. In simple terms, it's about taking the quantitative trading methods of Wall Street and moving them onto the blockchain for experts around the world to participate.

Old Jones's endorsement this time, to some extent, is also backing the "AI+DeFi" track. After all, there are not many crypto projects that traditional financial giants can take a liking to, and Numerai can be considered one that combines machine learning and token economics quite smoothly.

The recent valuation increase of $NMR may boost the sentiment of AI concept coins in the short term, but in the long run, it still depends on whether the actual returns of the model can deliver.