AI cryptocurrencies are tokens that power AI blockchain platforms such as The Graph and SingularityNET. Users spend tokens in order to use the platforms and the benefits of their integrated artificial intelligence.
We’ve looked at the top 10 AI crypto projects according to their market caps, exploring how AI is implemented and the unique value it brings to each platform.
The Graph (GRT)
Market cap: US$1.968 billion
The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from websites. Indexing blockchain data can be challenging, but The Graph aims to change that by organising data into smaller ‘subgraphs’.
Its native, Ethereum-based cryptocurrency, GRT, was worth US$0.21 as of January 3, 2024, down from its February 2021 peak of US$2.34.
Bittensor (TAO)
Market cap: US$1.558 billion
Bittensor aims to create a neural internet by revolutionising 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, decentralised method is designed to enable swift expansion and sharing of knowledge among AI systems.
As of January 2024, TAO was trading at US$260, down slightly from its recent peak of US$385 in December 2023.
Fetch.AI
Market cap: US$598
Fetch.ai is an AI and machine learning platform based on the blockchain. Fetch.ai is all about automating business tasks such as 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 its September 2021 peak of $US1.19.
SingularityNET (AGIX)
Market cap: US$414 million
SingularityNET is a blockchain platform that allows anyone to build, share and monetise 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 make money from AI solutions and models without having to fully build out and develop apps for end users. Similarly, developers can buy 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 cap: US$300 million
Ocean Protocol is an Ethereum-based platform that allows businesses and individuals to exchange and monetise data and data-based services. This might 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 peak of US$1.94.
AIOZ Network (AIOZ)
Market cap: US$189 million
AIOZ Network is a blockchain that is built to be a comprehensive infrastructure solution for Web3 storage, decentralised AI and content distribution. The blockchain is interoperable with both Ethereum and Cosmos-based blockchains. The goal for the project is to create a content delivery network, which is a set of geographically dispersed servers that work together to provide Internet users a seamless experience when accessing digital content.
AIOZ is priced at US$0.17 as of January 3, 2024, down from its April 2021 all-time high of US$2.17.
dKargo (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 the winter of 2021.
Numeraire (NMR)
Market cap: $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 globally.
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 peak of $US168.49 in 2017.
iExec RLC (RLC)
Market cap: $US122 million
iExec is an AI blockchain platform that allows users to monetise their computing power and to access on-demand cloud computing resources.
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 an all-time high of around US$16.26 in October 2021.
Artificial Liquid Intelligence (ALI)
Market cap: US$84 million
Artificial Liquid Intelligence is a blockchain project concerning ‘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—was trading at US$0.023.
