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AI-related tokens have experienced significant gains in recent days, with cryptocurrencies associated with SingularityNET and Worldcoin posting double-digit gains.
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It seems that there will be an artificial intelligence trend in the cryptocurrency market in the coming period. When we look at the main artificial intelligence coins, it does not go unnoticed that there have been serious increases in the last week.
AGIX, the native token of SingularityNET, a decentralized marketplace for artificial intelligence services, has risen by up to 80 percent in the last few days, reaching as high as $0.58.
WLD reached an all-time high yesterday at $7.99, and Worldcoin's market value briefly exceeded $1 billion. Worldcoin is backed by Tools of Humanity, founded by Sam Altman, who also serves as CEO of OpenAI.
Over the past 24 hours, CoinGecko's list of AI tokens has increased by over 8%, pushing the industry's market cap to nearly $15 billion.
Other major AI-related cryptocurrencies, such as Fetch.ai's native token FET, also made gains. Fetch.ai, which focuses on automating business tasks using artificial intelligence and machine learning, has risen more than 50 percent in the last week.
Fetch.ai CEO and Founder Humayan Sheikh spoke to The Block about the recent increase in AI token prices. He expects the global use of AI to grow exponentially, which will impact the blockchain industry.
Sheikh also emphasized that the complexity of web3 user interfaces has contributed to the relatively slow adoption of blockchain applications in mainstream use.
However, he believes that AI will drive innovation by bringing powerful automation capabilities to this field, paving the way for the development of a wide range of applications that can be built on the blockchain.
*This is not investment advice.