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Home ยป AI to be the Focus in 2024 A Market Overview of AI Concept Tokens
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AI to be the Focus in 2024 A Market Overview of AI Concept Tokens

By adminMay. 24, 2024No Comments5 Mins Read
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AI to be the Focus in 2024 A Market Overview of AI Concept Tokens
AI to be the Focus in 2024 A Market Overview of AI Concept Tokens
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This year’s OpenAI conference brought surprises that have yet to fade, and following the release of multiple GPUs, Nvidia’s stock has reached new highs, surpassing Apple to become the world’s second-largest company by market value, only behind Microsoft.

Today, AI driven by large models has become the “oil industry” of the new era, and we are in an early stage full of unknowns and possibilities. Just as the development of the oil industry has led to the current industrial system, AI driven by large models is expected to usher in a new technological and business era.

It is believed that AI will be the most popular narrative in various fields in 2024, and will bring about a chain reaction. When OpenAI launched the text-to-video model Sora in February, various AI concept altcoins experienced a surge. Let’s take a look at the eleven AI projects worth paying attention to from after the Chinese New Year until now.

“Good concept, good ticker”
QnA3.AI (GPT)
QnA3.AI, incubated by Binance Lab, has received support from the Solana Foundation MCM Grant. GPT is the first AI token on the OKX Jumpstart platform. It is the largest AI-driven one-stop Web3 knowledge engine and trading gateway for users. According to DappRadar data, QnA3.AI’s user activity (UAW) ranked first on the BNB Dapp list for a month.

CGPT (ChainGPT)
ChainGPT is an AI model designed for blockchain and crypto, offering products such as an AI NFT generator, AI news generator, AI trading assistant, smart contract generator, and smart contract auditor. As a developer of AI solutions in the Web3 field, it has integrated large language models (LLM) with blockchain to build various tools for users. CGPT is a practical token, allowing holders to participate in DAO voting, stake, access AI tools for free, and receive airdrops.

Sleepless AI (AI)
Sleepless AI is a blockchain-based virtual companion game using AIGC and LLM to create immersive story-based gameplay with organic character interactions. The project is currently developing three games, with the first being “HIM,” a virtual boyfriend otome game targeting a female audience, featuring unique SBT characters that are immutable and blockchain-based. It has been officially approved for listing on the App Store in over 150 countries worldwide.

“Established projects”
Arkham (ARKM)
Arkham is an AI-driven blockchain intelligence and data platform that provides detailed information and visualization tools for on-chain activities. It has launched “AI Entity Prediction” and the personal AI assistant Arkham Oracle for on-chain analysis. In July, ARKM was launched on Binance Launchpad, and in November, Binance Labs announced an investment in Arkham’s native token ARKM.

Render (RNDR)
Render Network is a decentralized rendering solution provider based on GPU, offering decentralized graphics processing power for next-generation 3D content creation. RNDR is its native utility token. Render Network aims to advance the next generation of rendering and AI technologies with a decentralized GPU rendering platform, allowing artists to expand GPU rendering work to high-performance GPU nodes worldwide on demand.

SingularityNET (AGIX)
SingularityNET is a decentralized AI network ecosystem that includes various projects such as Cogito, SingularityDAO, Rejuve.ai, NuNet, SophiaVERSE, Awakening Health, Jam Galaxy, HyperCycle, Mindplex, TrueAGI, Singularity Studio, and Twin Protocol. In May 2022, SingularityNET and Singularity DAO received a $25 million investment commitment from the investment group LDA Capital to accelerate the adoption of AI tools, expand the ecosystem, and promote the development of AI-supported DeFi applications.

Worldcoin (WLD)
Worldcoin is an open-source protocol designed to help everyone participate in the global economy, consisting of World ID (a privacy-preserving digital identity), Worldcoin tokens (distributed for free to people worldwide), and World App (a fully self-hosted application supporting global payments, purchases, and transfers).

“Multi-domain, worth watching”
ENQAI (enqAI)
Concept: enqAI is a decentralized AI model network supported entirely by a decentralized GPU node network. In this way, enqAI can ensure that its models are free from political and cultural biases and censorship. ENQAI is a token reward distributed by enqAI to nodes providing support.

Fetch.ai (FET)
Fetch.ai is a blockchain-based machine learning platform that aims to enable traditional products to access AI through Fetch.ai tokens without changing underlying business applications. Fetch has introduced the no-code management service Agentverse to simplify AI agent deployment for Web3 projects. Fetch has launched the Open Network for proxy addressing and naming using Fetch.ai’s Web3 network. Additionally, Fetch.ai is introducing enhanced trading products for DEX.

GraphLinq Chain (GLQ)
GraphLinq is a no-code automation platform on the blockchain, consisting of GraphLinq Chain and GraphLinq Protocol, designed to allow users to easily deploy and manage various automation processes without programming skills through IDE, App, Engine, and Market components, while using built-in AI to help build dApps. On March 15, it completed a strategic round of financing with DWF Labs as a participant, with the specific amount undisclosed. GLQ is the native token of the GraphLinq Chain used to pay gas fees in the network.

Node AI (GPU)
Node AI is a decentralized platform that offers GPU and AI resource rental services. Users can stake GPUs to receive profit sharing, as well as access AI node rentals, GPU computing power lending, and other services.

In conclusion, OpenAI has already released new products and features, and on May 15 at 1 am (UTC+8), Google showcased the latest AI tools and enhancements at the Google I/O conference, with Microsoft also focusing on AI topics at its annual Build developer conference. The month of May has been vibrant, and there will be a series of positive developments in the AI race, with these important events possibly leading to an increase in AI concepts in the crypto market. Undoubtedly, AI concepts are one of the most worthwhile narratives to continue following.

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