According to PANews, Grayscale has established an 'AI Crypto Sector' as the sixth major cryptocurrency classification standard, comprising 20 tokens with a total market value of $21 billion, marking a 366% increase from the first quarter of 2023. This sector is divided into three subcategories: AI platforms, AI tools and resources, and AI applications and agents.
AI platforms include leading market players like Bittensor and Near, which provide decentralized AI development infrastructure. AI tools and resources feature projects such as Grass, focused on data collection, and Akash, which operates a computing power marketplace. AI applications and agents encompass initiatives like Virtuals, offering autonomous AI agents, and Worldcoin, which specializes in human identity verification.
The report highlights that the AI crypto sector currently represents only 0.67% of the total cryptocurrency market value, yet it holds significant potential. Bittensor is set to undergo its first token halving this year, and since its subnet ecosystem upgrade in February, its staking volume has surpassed 7% of the circulating supply. Projects like Grass have achieved annualized revenues in the tens of millions of dollars, indicating progress in commercialization.
Grayscale is actively investing in this field through products like the Bittensor Trust, believing that blockchain technology can address governance risks associated with centralized AI development. As stablecoin legislation advances, the payment infrastructure for crypto-native AI agents is expected to improve rapidly.
