AI cryptocurrencies are tokens that power AI blockchain platforms such as The Graph and SingularityNET. Users spend tokens to use the platforms and the benefits of their integrated artificial intelligence.
We looked at the top 10 AI crypto projects by market cap, and explored how AI is implemented and the unique value it brings to each platform.
The chart (GRT)
Market Capitalization: $US1.968 trillion
The graph is a protocol for indexing and querying data from blockchains in a similar way to how Google indexes and queries data from websites. Indexing blockchain data can be challenging, but The Graph aims to change that by organizing data into smaller ‘subgraphs’.
Its native, Ethereum-based cryptocurrencyBRT, was worth US$0.21 as of January 3, 2024, down from its February 2021 high of US$2.34.
Bittensor (TAO)
Market cap: $US1.558 trillion
Bittensor aims to create a neural internet by revolutionizing the development of machine learning platforms. The project is establishing a peer-to-peer marketplace for machine intelligence where AI models can combine their intelligence, essentially creating a “digital hive mind.” This innovative, decentralized method is designed to enable rapid expansion and sharing of knowledge between AI systems.
As of January 2024, TAO was trading at US$260, down slightly from its recent high of US$385 in December 2023.
Fetch.AI
Market Cap: $US598
Fetch.ai is an AI and machine learning platform based on the blockchain. Fetch.ai is all about automating business tasks like data processing and trading. Its native cryptocurrency, FET, is used to pay for transactions on the network.
As of January 2024, FET was valued at $US0.72, down from the September 2021 high of $US1.19.
SingularityNET (AGIX)
Market Capitalization: $414 million
SingularityNET is a blockchain platform that allows anyone to build, share and monetize AI services. It has an internal marketplace where users can browse and pay for AI services in the platform’s native cryptocurrency AGIX.
Developers can monetize AI solutions and models without fully building and developing applications for end users. Similarly, developers can purchase AI solutions and models to use in their applications.
AGIX is worth $US0.33 as of January 3, 2024. Back in January 2018, AGIX peaked at $US1.85.
Ocean Protocol (Ocean)
Market Capitalization: $300 million
Ocean Protocol is an Ethereum-based platform that allows businesses and individuals to exchange and monetize data and data-based services. This may involve making data available to researchers and startups without the data being relinquished by the data holders.
Ocean is trading at US$0.52 as of January 3, 2024, down from its April 2021 high of US$1.94.
AIOZ Network (AIOZ)
Market Capitalization: $189 million
AIOZ Network is a blockchain built to be a comprehensive infrastructure solution for Web3 storage, decentralized AI and content distribution. The blockchain is interoperable with both Ethereum and Kosmos based blockchains. The goal of the project is to create a content delivery network, which is a set of geographically distributed servers that work together to provide Internet users with a seamless experience when accessing digital content.
AIOZ is priced at $US0.17 as of January 3, 2024, down from its April 2021 all-time high of $US2.17.
dCargo (DKA)
Market cap: $US132 million
dKargo is a blockchain that uses AI to solve trust issues within the logistics sector. It does this by providing participants with credible data, thanks to the indelible nature of blockchain technology.
dKargo’s native token, DKA, is worth $US0.0368 as of January 2024, down from around $US0.70 in winter 2021.
Numeraire (NMR)
Market Capitalization: $US132 million
Numerai is an AI blockchain network that acts as a hedge fund, using artificial intelligence and machine learning to make investments in stock markets worldwide.
Numeraire (NMR) is the native currency of Numerai, facilitating payments within the network. As of January 2024, the token is trading at US$21.49, down from a high of $US168.49 in 2017.
iExec RLC (RLC)
Market Capitalization: $US122 million
iExec is an AI blockchain platform that allows users to monetize their computing power and access cloud computing resources on demand.
RLC is the native cryptocurrency of iExec, and is used to pay for using services on the platform. RLC is currently trading at US$1.69 as of January 2024, down from a record high of around US$16.26 in October 2021.
Artificial Fluid Intelligence (ALI)
Market capitalization: $US84 million
Artificial Liquid Intelligence is a blockchain project about ‘intelligent’ NFTs‘ or iNFTs. These are effectively digital avatars that use artificial intelligence to interact with people. These iNFTs can have AI-generated animation, voice and generative AI (AI that can create text, images, code, video etc.).
As of January 2024, one ALI token – the native currency of the Alethea Liquid Intelligence protocol – traded at $US0.023.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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