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The intersection of crypto and artificial intelligence (AI) is driving significant innovation, with Crypto+AI projects gaining traction despite recent fundraising slowdowns. Data reveals Render (RNDR) as a standout performer in this sector, maintaining a $4.61 billion market cap and leading decentralized GPU rendering.
According to the data, Render (RNDR) has a market cap of $4.61 billion in the Crypto+AI market. Despite a slight decline of 0.23% over the past week, it remains a leading player in decentralized GPU rendering.
Rootdata has counted the top fifteen Crypto+AI projects by market value, including RENDER, FET, TAO, WLD, VIRTUAL, AIOZ, AI16Z, PRIME, ROSE, GRASS, GOAT, ARKM, ACT, IO, and ATH. There has been a lot of discussion and controversy surrounding Crypto+AI recently. pic.twitter.com/OO1REHmIfi
— Wu Blockchain (@WuBlockchain) December 11, 2024
Render’s innovation in connecting users with GPU-intensive tasks has differentiated it. The project continues to gain investor attention, maintaining its position as one of the top Crypto+AI projects by market value.
Fetch.ai (FET) and A16Z (AI16Z)
Fetch.ai (FET), valued at $4.48 billion, fell 12.31% in the past week. However, the project has potential for future growth as it actively makes advancements in AI and blockchain.
Read also: AI Cryptocurrencies See Record Gains, Analysts Predict Major Growth
One of the top performers is A16Z (AI16Z), which has gained 92.12% in value, showing the great potential of AI-focused Web3 projects. This surge contrasts with the more volatile performances of other projects, increasing interest in adopting AI and decentralized technology.
AI Fundraising: Record Highs and Slowdowns
Fundraising for Crypto+AI projects has been dynamic. March 2024 saw a surge, with $120 million raised across 14 rounds. July 2024 saw a surge, with $130 million invested in 17 rounds, the highest during this period.
Despite the excitement earlier in the year, fundraising slowed in the latter half, with a marked decline in November and December. The number of fundraising rounds remained constant in November, showing sustained investor interest despite the slowdown.
D0c Crypto, a crypto market analyst, said Render and Fetch.ai are gaining traction, with Render leading in daily volume. He also said Virtuos Protocol (VIRTUAL) is expanding the boundaries of decentralized identity and AI-driven experiences.
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