Artificial Intelligence Cryptocurrency Sector Quadruples in Two Years, Approaching $20 Billion Market Value

The AI-driven cryptocurrency sector, currently comprising 20 tokens with a collective market cap nearing $20 billion, has expanded by four times in the past two years. This sector, however, makes up just 0.67% of the overall crypto market, with the financials sector valued at around $519 billion.

Despite its modest size, significant growth potential is anticipated for AI crypto, especially with the involvement of institutional players like Stripe, Meta, and major banks. Furthermore, developments in decentralized AI technologies, such as Bittensor's upcoming halving and the surge in subnet activity, are garnering attention.

The report also highlights the notable progress of non-financial, revenue-generating projects in the AI crypto space, such as Grass, which is generating millions in annualized revenue by selling web-scraped data to AI labs.