Grayscale has introduced a new Artificial Intelligence (AI) Crypto Sector consisting of 20 altcoins, marking the sixth category in its crypto sector classification. This new sector includes tokens focused on AI development or usage. The AI Crypto Sector comprises AI Platforms, AI Tools and Resources, and AI Apps and Agents, with a total market capitalization of around $21 billion. Bittensor (TAO) leads the sector with a market cap of $3.8 billion, alongside tokens like Near (NEAR) and Render (RNDR). Grayscale anticipates significant growth in the AI Crypto Sector, emphasizing the importance of decentralized AI technologies in shaping the future. The asset manager foresees key developments driving further expansion, such as Bittensor halving, distributed training innovations, and the use of stablecoins by AI agents. Grayscale highlights the potential of decentralized AI projects to address challenges posed by centralized AI development, promoting democratization and alignment with public interests. Read more AI-generated news on: https://app.chaingpt.org/news

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