tastycrypto believes the following crypto tokens associated with AI may have great potential in 2024 and beyond: GRT, INJ, ROSE, RNDR, FET, AGIX, OCEAN, FIL, and LINK.
Artificial intelligence (AI) is among the most transformative technologies today, and applications like ChatGPT have showcased its widespread impact. The convergence of AI with blockchain technology offers numerous possibilities, as both are data-driven.
In this article, we discuss the best AI crypto coins for 2024 and beyond.
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🍒 tasty takeaways
AI crypto assets play a crucial role in blockchain projects that integrate AI in diverse applications.
As per Coinmarketcap data as of mid-November 2023, AI crypto coins are a $7.4 billion market.
The most popular AI crypto projects include The Graph, Injective, Oasis Network, Render, Fetch.ai, SingularityNET, and Ocean Protocol.
The combination of blockchain and artificial intelligence (AI) represents a potent blend of cutting-edge technologies, with blockchain serving as the standard for decentralization and AI transforming the landscape of data-driven decision-making and analytics.
|GRT||$1.24 billion||Data Indexing and Querying|
|INJ||$1.4 billion||Decentralized Finance (DeFi) and Exchange|
|ROSE||$490 million||Open Finance and Data Privacy|
|RNDR||$920 million||Distributed GPU Rendering and AI Computation|
|FET||$344 million||Autonomous Agents and DeFi|
|AGIX||$328 million||AI Services Marketplace|
|OCEAN||$250 million||Data Exchange and Monetization|
|FIL||$2.25 billion||Decentralized Data Storage|
|LINK||$8.6 billion||Decentralized Oracles for AI Integration|
What Are AI Crypto Coins?
Though AI can aid in the creation of new tokens, encompassing their coding, economic framework, and branding, the AI tokens discussed here are intended for a separate purpose.
AI tokens are crypto assets that power blockchain projects that harness AI capabilities. These projects range from AI marketplaces and AI-enhanced trading platforms to AI-driven decentralized organizations and more.
Sometimes, AI tokens might support purely AI-focused projects that don’t primarily depend on blockchain technology for their foundational structure.
Top AI Crypto Coins for 2024
Here are the top AI tokens with great potential for 2024:
1. The Graph
- Token: GRT
- Category: Data Indexing and Querying
The Graph is a leading blockchain indexing and data querying protocol that leverages AI technology to improve data accessibility across decentralized networks. You can think of it as the Google of blockchains.
The Graph, however, goes one step further – it simplifies data access by organizing it into subgraphs. Anyone can develop subgraphs to provide applications with indexed blockchain data.
The Graph’s ecosystem is fueled by its native cryptocurrency – GRT.
- Token: INJ
- Category: Decentralized Finance (DeFi) and Exchange
Injective is a layer 1 blockchain that enables users to build finance-oriented decentralized applications (dApps) for Web3. It leverages AI and incorporates a high-performance on-chain decentralized exchange (DEX) infrastructure, bridges, oracles, and a smart contract layer, providing a complete finance dApp development kit.
Injective enables classic token swaps, margin trading, and forex futures trading across multiple blockchains.
Its dApps can seamlessly connect with other blockchains like Ethereum, Cosmos, and Solana, enhancing cross-chain interoperability. The ecosystem includes a wide array of dApps.
INJ is Injective’s native cryptocurrency. It is used for governance, validating transactions on the network, as well as incentives for developers.
3. Oasis Network
- Token: ROSE
- Category: Open Finance and Data Privacy
Oasis Network is a layer 1 blockchain network focused on open finance and responsible data economy. It lets users build open finance dApps that prioritize privacy and fairness, giving users control over their data and the possibility to monetize it.
The Proof of Stake (PoS) network has a unique architecture that separates its consensus algorithm and smart contract execution, enabling privacy-focused apps at a low cost.
Since the beginning of 2023, Oasis has been collaborating with AI industry leaders, including Meta, to build the framework for “Responsible AI” to ensure that the technology is developing on the principles of privacy, fairness, and transparency.
- Token: RNDR
- Category: Distributed GPU Rendering and AI Computation
Render network is a decentralized chain that leverages unused computing power from crypto miners willing to rent out their graphics processing units (GPUs). The platform connects GPU providers with creators.
Artists can leverage the unused GPU cycles for tasks like rendering and streaming digital content, including visual effects, virtual assets, and AI projects.
In July 2023, Render implemented the proposal “RNP-004 – Open Compute Clients” to leverage the network’s computational power for AI and machine learning tasks.
RNDR tokens incentivize GPU providers, ensuring fair remuneration.
🍒 Hungry for more lists? 11 Best DeFi Projects for 2024
- Token: FET
- Category: Autonomous Agents and DeFi
Fetch.ai is an AI and machine learning (ML) platform that leverages blockchain. It allows users to develop and deploy AI agents for apps related to decentralized finance (DeFi), transportation, energy management, and other business tasks.
The Autonomous Economic Agents (AEAs) communicate using a common language and can be managed through a web interface.
Its native cryptocurrency, FET, is used to pay for transactions on the network.
- Token: AGIX
- Category: AI Services Marketplace
SingularityNET is a decentralized AI marketplace where users can create, share, and monetize AI services. The ecosystem focuses on the development of Artificial General Intelligence (AGI) and the creation of human-level intelligence.
Do you remember Sophia, the robot? It was created by the SingularityNET team members as part of another company.
SingularityNET’s utility token, AGIX, is used for transaction management and decentralized governance.
7. Ocean Protocol
- Token: OCEAN
- Category: Data Exchange and Monetization
Ocean Protocol is an Ethereum-based platform that enables users to exchange and monetize data and data-based services. The ultimate goal of the platform is to foster a more efficient AI ecosystem, with data being one of the key driving factors.
Participants can monetize their data sets by selling them on a decentralized platform at a fair price. On the other side, users can access datasets that were previously difficult to obtain.
The protocol’s utility token is OCEAN, which is used for data trading on the platform, governance, and data curating through staking.
The mentioned AI cryptocurrencies are related to AI-oriented projects and are tracked as a separate niche by Coinmarketcap and other sources. However, other digital assets outside this sector can potentially contribute to the AI ecosystem. Here are a few of them.
Category: Decentralized Data Storage
Filecoin is a decentralized data storage marketplace. This peer-to-peer ecosystem enables users to store files safely in a decentralized cloud, offering a marketplace for storage capacity and data retrieval.
FIL is the utility token used to incentivize storage providers and pay for data storage and retrieval.
While Filecoin doesn’t focus specifically on AI, it offers a transparent and secure environment to store AI datasets and democratize the AI economy.
Category: Decentralized Oracles for AI Integration
Chainlink is the largest decentralized oracle network. It helps blockchain networks communicate with the outside world, as decentralized networks like Ethereum have no direct link with the off-chain data and events. On top of that, it facilitates cross-chain communication, improving interoperability across blockchains.
The oracle system can be integrated into many AI use cases, helping blockchains access AI datasets through Chainlink functions.
LINK is one of the largest cryptocurrencies, with a market cap in the billions.
AI Crypto Coin Performance
AI crypto tokens have shown generous returns in 2023, and the majority of them have outperformed Bitcoin. They have the potential to extend gains in 2024 as the AI sector gains traction.
AI Crypto Coin Summary
Let’s conclude with a table highlighting what we have learned about the best AI cryptocurrency tokens.
AI crypto coins are utility or governance cryptocurrencies fueling blockchain projects that leverage AI technology or power AI use cases. These include trading platforms, marketplaces, and data-driven economies.
Technically, AI crypto coins use the same blockchain infrastructure leveraged by other digital assets. However, they focus on AI, and their value can be driven by AI adoption, which may help them outperform other sectors.