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By Shaurya Malwa|Edited by Oliver Knight
Updated Apr 23, 2025, 2:17 p.m. Published Apr 23, 2025, 2:17 p.m.
- Rice Robotics and Floki are launching the Minibot M1, an AI-powered companion robot on the RICE AI platform.
- Floki is advancing its blockchain initiatives by tokenizing its brand and AI data marketplace through TokenFi.
- The AI robotics market is projected to grow from $22 billion to $100 billion by 2030, positioning Rice Robotics for significant growth.
Rice Robotics and dog-themed utility project Floki will soon launch the Minibot M1, a Floki-branded AI-powered companion robot that works on the RICE AI platform.
Floki will support the company in its blockchain push as it moves towards tokenizing its brand and AI data marketplace through TokenFi, a Floki sister project focused on tokenizing real-world assets, with support from the Floki community.
STORY CONTINUES BELOW
“The AI robotics market size is currently worth an estimated $22 billion and is projected to reach $100 billion by 2030, and we believe Rice Robotics is well-positioned for growth in this high-potential industry,” the Floki team told CoinDesk in a Telegram message.
RICE AI is a robotics brand with high-profile clients such as Nvidia, Softbank, Dubai Future Foundation, Mitsui Fudosan, NTT Japan, and 7-Eleven. It raised over $7 million in a pre-Series A funding round earlier this year from investors including Alibaba Entrepreneurs Fund, Soul Capital and Audacy Ventures.
RICE AI wants to make robots smarter by creating a system where robots worldwide can buy and share top-notch training data. These robots work independently without central control, making them more useful in the real world.
FLOKI prices are up 16% in the past 24 hours alongside a broader crypto market bump.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
