Solana Holdout Realy: Rival to Sleepless, Betrayed by 3AC/FTX/Alameda in Succession, Now Spearheading Solana's AI Sector
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Solana Holdout Realy: Rival to Sleepless, Betrayed by 3AC/FTX/Alameda in Succession, Now Spearheading Solana's AI Sector
Realy, a team with a Meta (Facebook) background, is as relentless and unstoppable as the core Solana team.
Navigating Web3 tides with focused insightsAuthor: HunterGo
2024 is approaching, and with the halving and ETF approvals, a true bull market has only just begun. In 2021, there were countless stories of 100x coins—three years have passed, and while history may not repeat itself, it often rhymes. This series will recommend potential 100x coins based on the widely circulated "Second Edition 2025 100x Coin Criteria." The first project we're highlighting is Realy—a venture backed by Multicoin, built within the Solana ecosystem, and supported by Meta (Facebook)—an AI-focused project that can be compared to Sleepless AI, currently valued at $200 million and listed on Binance Launchpad.
(Image source: Internet)
Here’s a quick comparison that clearly illustrates why Realy is worth positioning early:
The lesson from missing BONK in 2022 reminds us: finding a 1000x coin isn't hard—it's holding onto it long-term that's difficult. Like the three existential questions of a true believer: When someone hands you the code to wealth, do you dare to buy? If you buy, do you dare to go all-in? And if you’re heavily invested, can you stay calm when prices drop?
Only by understanding the underlying logic can we remain composed and clear-headed. This series is written as much for myself as for others—simple truths need repetition. Beyond drawing parallels with Sleepless AI, through its whitepaper, product design, tokenomics, and technical architecture, I’ve also seen REALY’s broader ecosystem ambitions.
In terms of execution, Realy’s team—like Solana’s core team—has deep ties to Meta (Facebook) and demonstrates relentless perseverance (PS: Toly is following REALY). Even after the collapse of 3AC, FTX, and Alameda, Realy continued building within the Solana ecosystem. Today, positioned as Solana’s first AI-powered asset with Meta backing, Realy stands as the leading project in Solana’s AI sector, directly comparable to Sleepless AI.
Product Delivery
Realy’s first incubated AI product, Siya, is now open for internal testing, featuring the following modules:
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Create your own AI avatar and continuously update and train it by posting content
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Chat with matched AI companions
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Discover suitable companions in the feed广场 and support subscriptions and payments
In January 2024, Siya—the first AI ecosystem project under REALY—will roll out major updates across three core modules:
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Launch of NFTs for virtual boyfriends and girlfriends;
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Integration with REALY completed, enabling Chat-to-Earn functionality to create economic value for AI companions;
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Influencers/KOLs can use SIYA to train their own AI Avatars and engage with multiple users simultaneously;
Each of these core modules aligns closely with current Web2 and Web3 hotspots:
1. Solana’s NFT market has already surpassed Ethereum’s in trading volume;
2. Chat-to-Earn follows in the footsteps of StepN’s popularity, leveraging Web3 incentives to help AI companion projects gain mainstream traction—each emotionally invested NFT carries even greater sentimental value than a pair of running shoes;
3. In Web2, female influencers have transformed into AI personas, dating up to 1,000 men simultaneously, earning approximately $400 million annually.
(Image source: Siya official Twitter)
(Siyamate NFT avatars—your AI soulmate)
Technical Architecture
The joint whitepaper released by Siya and Realy details how they integrate advanced AI technologies with Web3. Siya is Realy’s first AI project, incubated over two years. Judging by the LLM/Agent technology modules used, these techniques have only recently been validated and gained widespread attention. The team spent extensive time refining the fusion between AI and Web3—this explains why there are almost no consumer-grade AI + Web3 applications available today. Much like Sleepless AI’s sudden emergence with a $200 million valuation and Binance Launchpad listing, Realy enters the scene with strong fundamentals.
Detailed technical specifications are thoroughly covered in the whitepaper. For users planning long-term holdings, reading the whitepaper multiple times is the bare minimum due diligence.
Creator Economy and Tokenomics
One major challenge for GAI in Web3 is the low barrier to asset creation—anyone using GAI can generate vast amounts of digital assets. Therefore, attracting influencers and KOLs becomes critical. From REALY’s first AI product launch, we see they set high standards for creators while offering corresponding ecosystem incentives to draw top-tier Web2 users.
Within the REALY & Siya ecosystem, Web2 users pay normally for services, while Web3 users earn ecosystem rewards through investment and transaction fees. Ultimately, these gains—amplified by the externalities of $REAL—flow back to creators, completing a sustainable flywheel loop.
Conclusions Based on Secondary Market Data (NFA)
1. Long-Term Outlook: Before listing on OKX or Binance, Realy reached a peak market cap of $3 billion on its FTX listing day. Approximately 20% of its tokens remain permanently locked due to the collapses of FTX and 3AC. As Multicoin’s first lead investment in a Solana-based AI asset, once relisted on major exchanges, its market cap could reach $10 billion (similar to the scale of 2021’s 100x coins).
2. Short-Term Outlook: Realy’s token price has fallen below institutional cost basis, but the team’s execution strength, strategic positioning within the ecosystem, and institutional backing (Meta) establish solid fundamentals. Given current momentum (AI + Solana narrative + Binance’s Sleepless), short-term valuation is expected to range between $200 million and $1 billion.
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