AI mAIners snapped up in 40 minutes as Onicai’s reverse auction makes history

Onicai’s first-ever live Reverse Auction for AI agents has wrapped up in record time, with every available mAIner sold in under 40 minutes.

The event marked a new experiment in digital markets, where AI agents were offered through a descending price model, allowing participants to decide when to strike as prices dropped between 130 and 65 ICP. The result was swift and decisive—total sell-out within the hour.

While the excitement around the auction reflects the strong community backing for Onicai and its Proof-of-AI-Work (PoAIW) concept, it also raises new questions about how AI-driven systems could reshape value creation within decentralised ecosystems.

The partnership between ICP and FUNNAI continues to fuel interest in this growing niche where AI capability meets blockchain transparency. For participants, the event wasn’t just about acquiring mAIners—it was about being part of an evolving experiment in how digital intelligence might be owned, traded, and powered on-chain.

This fast sell-out is probably a reason why Caffeine, the platform linked to Onicai’s broader AI development plans, hasn’t yet opened for business—compliance work is still being finalised before operations begin in full.