Latest Function X (FX) News Update

Deep Dive

1. Technical Developments

Pundi AI (formerly Function X) launched an AI-native layer atop its blockchain in May 2025, focusing on decentralized data annotation and a “tag-to-earn” model. Users contribute labeled training data for AI projects, earning tokens while maintaining ownership (Indra Winarta). The rebranded Pundi AI FX blockchain separates payment infrastructure (Pundi X) from AI utilities, aiming to reduce token supply dilution.

2. Business & Partnerships

• NVIDIA Inception Program: Accepted in May 2025, positioning Pundi AI as a pioneer in blockchain-AI convergence.
• AI Agent Collaborations: Partnered with Flop AI, Swarm, and Siren AI to supply curated datasets for training specialized agents.
• Real-World Integration: Demonstrated gold-to-crypto swaps in South Africa with Paxos and Cyan, hinting at broader asset tokenization plans.

3. Community & Roadmap

A 2025 roadmap prioritizes expanding the data marketplace and onboarding Web2 enterprises—particularly in healthcare. Community governance remains central, with token holders voting on ecosystem upgrades.

Conclusion

Pundi AI’s pivot to AI infrastructure and NVIDIA-backed credibility could drive adoption, though success hinges on scaling data partnerships and proving ROI for enterprise clients. How might Pundi AI’s focus on human-verified data differentiate it from AI competitors leveraging synthetic datasets?

Deep Dive

1. Sentiment overview

FX’s 64.95% price surge over 90 days reflects optimism about its AI pivot, but skepticism persists. Traders highlight its 20.8% 24h rally (CoinMarketCap) as a potential breakout, though turnover (1.02%) suggests liquidity remains thin. Long-term holders (88.56% of addresses) show conviction, but whale dominance (84.46% supply held by large wallets) could amplify sell pressure.

2. Key discussion themes

• AI integration: FX rebranded to Pundi AI in 2024, launching a “tag-to-earn” data marketplace where users annotate training data for tokens (CryptoSlate). Partnerships with Flop AI and NVIDIA’s Inception Program aim to validate its tech.
• Real-world utility: A South Africa pilot with Paxos allows swapping digital gold for physical assets via XPOS terminals, targeting unbanked markets.
• Governance concerns: Critics note the top 10 holders control 67.9% of tokens (CoinMarketCap), questioning decentralization.

3. Influential perspectives

Pundi AI’s Ecosystem Lead Indra Winarta emphasizes bridging Web2 enterprises like medical firms into crypto, while CryptoSlate’s Nate Whitehill calls the AI pivot “practical but unproven.” NVIDIA’s endorsement lends institutional credibility, but traders await Q3 2025 roadmap updates for proof of scalability.

Conclusion

FX’s AI rebrand and emerging-market pilots have energized holders, but whale control and thin liquidity warrant caution. Can Pundi AI convert partnerships into sustainable revenue before hype fades?

Deep Dive

1. Near-term roadmap (0–6 months)

• OCX Accelerator: Launched in Q4 2023, the program has supported four cohorts of projects building on Function X. While no new cohorts are explicitly confirmed, past momentum suggests potential expansions to attract developers, particularly in DeFi and payment subnets (Function X Roadmap).
• EVM enhancements: The team tested Ethereum Virtual Machine (EVM) compatibility on DevNet in 2022, aiming to ease dApp migration. Recent updates are sparse, but ongoing optimization for low fees and cross-chain interoperability remains likely.

2. Long-term vision (6+ months)

• Subnet scalability: Function X’s multi-chain architecture aims to support specialized blockchains (“subnets”) for retail payments and derivatives trading. Long-term goals include attracting enterprises to build custom chains, leveraging FX as a gas/governance token.
• DeFi integration: MarginX, its decentralized exchange, focuses on perpetual contracts for crypto and stock-based derivatives. Future phases may expand offerings, though spot trading is deprioritized (March 2022 Meeting).

3. Critical context

• Ecosystem dependency: Growth hinges on developer adoption via accelerators and EVM compatibility. Whale dominance (84% of supply held by top addresses) risks centralization.
• Competitive pressure: Rivals like Cosmos and Polkadot offer similar modular frameworks, demanding clear differentiation (e.g., retail payment subnets).

Conclusion

Function X’s trajectory relies on attracting developers to its subnet ecosystem and refining MarginX’s niche in derivatives. With limited recent roadmap transparency, monitor OCX accelerator activity and subnet adoption metrics. How might FX’s focus on perpetual contracts differentiate it in a crowded DeFi market?