Grayscale has set up the "AI Crypto Sector" as the sixth largest cryptocurrency classification standard

PANews reported on May 28 that, according to the official blog, Grayscale set up the "AI encryption sector" as the sixth largest cryptocurrency classification standard. The sector contains 20 tokens with a total market capitalization of $21 billion (up 366% from Q1 2023) and is divided into three main subcategories:1. AI platforms: such as Bittensor and Near, which provide decentralized AI development infrastructure; 2.AI tools and resources, including Grass (data collection) and Akash (computing marketplace); 3.AI applications and proxies: such as Virtuals (autonomous AI agents) and Worldcoin (human authentication).

The report points out that the current AI crypto sector only accounts for 0.67% of the market capitalization of the entire crypto market, but the potential is huge. Bittensor will usher in an ICO halving this year, and its subnet ecosystem has exceeded 7% of its circulating supply since its upgrade in February. Projects such as Grass have achieved tens of millions of dollars in annualized revenue, showing progress in commercialization. Grayscale has laid out this field through products such as Bittensor trust, and believes that blockchain technology can solve the hidden dangers of AI centralized development. With the advancement of the stablecoin bill, the payment infrastructure of crypto-native AI agents is expected to accelerate the improvement.

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