Grayscale just dropped a spicy new category that bundles together tokens focused on AI development and usage, because who doesn’t want a slice of the AI pie? They’re calling it the Artificial Intelligence Crypto Sector, and it’s all about decentralized infrastructure shaping the future of AI tech.
This sector breaks down into three juicy chunks: AI Platforms, AI Tools and Resources, and AI Apps and Agents. Together, these 20 tokens pack a market cap punch of about $21 billion, making it the tiniest of Grayscale’s sectors. Leading the pack is Bittensor (TAO) with a hefty $3.8 billion cap, alongside notable players like Near (NEAR), Render (RNDR), Artificial Superintelligence Alliance (FET), Virtuals (VIRTUAL), and Worldcoin (WLD).
Fun fact: Worldcoin and Virtuals were booted from other categories earlier this year but have strutted right back into this shiny new AI lineup. Talk about a comeback!
Why This AI Crypto Sector Could Be the Next Big Thing
Even though this AI sector currently accounts for just 0.67% of the total crypto market cap, Grayscale expects it to blow up fast. They say we’re still in the first inning, but with AI tech evolving and crypto’s decentralized mojo, growth is inevitable.
Here’s a cool stat: back in Q1 2023, this sector’s total cap was a mere $4.5 billion. Over two years, it’s skyrocketed over four times that amount, proving decentralized AI is catching serious steam.
Looking ahead, Grayscale is eyeing some hot developments: the Bittensor halving and subnet growth, fresh breakthroughs in distributed training, signs of steady revenue streams, and how AI agents might start using stablecoins.
But it’s not just about making money. Grayscale highlights how decentralized AI could tackle the big headaches of centralized AI, like bias, censorship, and secrecy. Using blockchain’s open, distributed setup, these projects aim to democratize AI ownership and keep AI tech transparent and accessible for everyone.
Kristian Koch
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