[Dorm DAO Research Report Recommends Buying Pearl, Target Price $2.5 to $3] According to Jinse Finance, on November 7th, the University of Oregon's blockchain group, Dorm DAO, released a research report recommending a full buy of the AI mining project Pearl (PEARL), with a target price of $2.5 to $3, stating its market capitalization is approximately $531 million. The report states that Pearl is a Layer 1 public chain using a Proof-of-Use Work (PoUW) mechanism, replacing traditional PoW with matrix multiplication, allowing GPUs to participate in network security maintenance and earn token rewards while performing AI tasks. Potential listings on Coinbase and Kraken, the FP8 kernel upgrade, and the AI computing power narrative are the main growth catalysts. The report also notes that currently less than 1% of blocks involve real AI tasks, the token supply is expected to grow by approximately 86% next year, the team's holdings of the approximately 122 million tokens produced in the first 6 days of the mainnet launch have not been disclosed, and the project has not yet completed a third-party code audit.