In the week to 26 September we went back through every review we publish and checked it against the deployed contracts and the chain. Scores moved on 22 of the 44 projects, 18 of them down. Most of the cuts come back to one question: who can change the rules, and how much warning do holders get? Less than two weeks ago, one key minted 40% of NuNet’s supply. Ask the same question of every token you hold.
What shipped this week
A US fund that holds only NEAR cleared for listing. Bitwise’s NEAR ETF (NRR) went effective on 24 September 2026, and NYSE Arca certified the listing on 28 September. The fund holds NEAR and stakes it to earn more, for a 0.75% annual fee. A brokerage account can now hold NEAR with no wallet. Grayscale has a NEAR fund on file too, so this is one of two. SEC EDGAR, Bitwise NEAR ETF filings
Grass published revenue numbers for the first time. The report, dated 17 September 2026, is a review Grass commissioned from Regen Financial covering March 2025 to June 2026, and it finds about six dollars in seven of booked revenue had already been paid by customers when checked. For a network that sells scraped web data, that is the first figure a holder can set against the token. Grass paid for the review, it isn’t an audit, and the reviewer gives no assurance, so our scores stay where they were. Grass revenue review, H1 2026 (PDF)
Bittensor’s biggest validators can now trade between subnets. Spec 461 added a swap for the basket of subnet tokens that root validators hold, and the switch that enables it went on with spec 468 on 21 September 2026. Stake can now leave a weak subnet for a strong one in a single call, which gives root validators a direct hand in which subnets get capital. The switch was thrown by the chain’s administrator key, which we have now read on chain as a two-of-three multisig. Bittensor v461 release notes
Nillion is moving its privacy nodes to Ethereum. Migration of the Blacklight nodes opened on 26 September 2026, with Ethereum mainnet operations set for 5 October and Nillion’s own chain to halt later this year. The 70,000 NIL stake per node stays; rewards become 0.5% annual inflation plus fees. This is Nillion’s announced schedule, and nothing runs on Ethereum yet to check. Nillion, 26 September 2026
Who can change the rules
The sweep read the same things for every project: who owns the token and core contracts, what they can do with that ownership, and whether anything makes them wait.
A small group can rewrite the contract, with no delay. A timelock is the gap between an upgrade being queued and taking effect: the window in which a holder can see a change coming and leave. Four of this week’s cuts came from its absence.
Virtuals. One wallet upgrades the core contracts with no timelock, and the same wallet can blacklist any holder of the newest agent tokens, including the trading pool. Virtuals says the wallet is a two-of-three custody setup; on chain it reads as a single account, and we record it as that. Governance fell three points and Freedom dropped from D to F.
Morpheus. Upgrades sit with a five-of-nine Safe, which is sound custody. What cost two points is the missing timelock, together with the Snapshot voting space that was gone when we looked.
Vana. A three-of-seven Safe can replace the logic that records a user’s data permissions, and a second Safe can pause the right to revoke them.
NuNet. The key that minted on Ethereum on 19 September still owns the contract that can replace NuNet’s BSC token code.
Permissionless in the docs, gated on the chain. Allora’s documentation describes open topic creation and open workers; the mainnet enforces whitelists for workers, reputers and topic creators on all 23 live topics, and its Freedom score fell five points. New Bittensor subnets register with emissions switched off, and only root can switch them on. On Warden, 2 of 33 validators hold enough stake to halt the chain.
Where the chain was better than we had it. The same reads raised three projects and lifted one dimension on a fourth:
Ocean. The owner is renounced, supply equals the cap and vesting is complete, so nobody can mint. Returns moved from F to D.
Phala. The PHA contract has no mint function, and rewards release tokens that already exist.
Oasis. On-chain governance has passed five proposals since 2021, two of them submitted by independent validators.
Render. The top ten wallets hold 48.5% of supply, where we had carried 91%. Its Returns grade fell from B to C in the same pass, because emissions outrun job-payment burns about thirteen times.
A multisig and a timelock are each a day’s work, and the projects that have them show it on chain for anyone to read. Every score move above has a dated row and its on-chain evidence on the project page.
Biggest movers this week
7-day change as of 28 September 2026. Twenty-four of the forty-one tokens we track closed up. Olas led, rising in two steps on 24 and 28 September; its only release of the week was a forecasting model on 22 September, and we found nothing that links the two. Giza is left off the list: CoinGecko has tracked no market for GIZA since 21 September, so its -57% is a frozen quote with no trading behind it.
Gainers:
Olas (OLAS) +58.7%
Grass (GRASS) +45.2%
Auki (AUKI) +42.8%
Ora Protocol (ORA) +29.1%
Nillion (NIL) +28.8%
Fallers:
OpenServ (SERV) -16.4%
ZetaChain (ZETA) -16.3%
Venice (VVV) -15.5%
Heurist (HEU) -12.9%
IoTeX (IOTX) -12.2%
See all movers: ownyourmind.ai/projects/movers/
What we verified this week
Every one of the 44 reviews was re-tested this week, and 22 scores moved; the contract reads are above. Most of the rest corrected our own pages.
We rebuilt the integrity board so “they claim” means they said it. An audit on 23 September opened the source behind every row and found only about a quarter were the project’s own words on the page we linked. Every row now either quotes the project verbatim from its own page, checked by script, or is labelled as our own measurement.
We had called Fetch.ai’s lawsuit over the Ocean exit settled, in more than a dozen places. The New York court docket shows the case still open, and the tokens we described as returned are an alleged conversion. Every mention is corrected on the Fetch.ai and NuNet reviews.
Gensyn’s swarms were paused, and our review had them live. Gensyn’s docs show the official RL Swarm runs paused since 5 January 2026, and two of its apps shut down in March.
AntSeed’s usage rewards match its docs. We read the contract on Base: the early-exit penalty sits inside the documented range, and so far only the protocol’s own contracts have put tokens into the pools. Its owner is a plain wallet, not an on-chain multisig.
Two corrections ran in the project’s favour. Giza’s token supply is capped in code and fully issued, where we had said its Safe could mint more. Olas has an active on-chain governor we missed in August, holding the proposer and executor roles since June.
Nous’s training claim is withdrawn. We had credited a 20-trillion-token training run; that figure is the size of the dataset, the model card lists no training duration, and the last checkpoint dates from August 2025.
See the full integrity board: ownyourmind.ai/integrity/
On the watchlist
Whether NuNet puts a second signer between the key and the mint. The Ethereum token was still paused when we read it on 29 September, and the same key still controls the BSC contract.
Whether Nillion’s nodes go live on Ethereum on 5 October. The migration is Nillion’s schedule until the node set runs there.
Whether Venice’s eighth emission cut lands on 1 October. Seven have landed on the announced day so far.
Whether Grok still names us in October. We will ask it the same question at the October review and publish the answer either way.
Whether Fetch.ai’s conversion path gets a second signer. The escrow drained on 19 September released on one off-chain signature.
Whether any market returns for GIZA. CoinGecko lists none, and the last centralised listing is gone.
From the site
ZetaChain, our newest review. Holders voted on 20 September to halt the chain and move ZETA to Solana behind an encrypted AI memory app: ownyourmind.ai/projects/zetachain/.
Your own gateway to Morpheus, tested on our own server, with the three traps we hit: ownyourmind.ai/use/morpheus-uplink-personal-gateway/.
Every project we track carries dated, sourced verdicts across five scoring dimensions: ownyourmind.ai/resources/integrity-checks/.
The OYM podcast is on Spotify, Apple Podcasts and the major directories under “Own Your Mind”.
Cheers,
Bobski
Own Your Mind. Independent research on decentralised AI. No sponsors.
ownyourmind.ai · @ownyourmindai · @0xbobski
Disclosure: OYM holds GRASS, MOR, NEAR, RENDER, VIRTUAL and VVV.