Grayscale's latest report highlights the growing influence of artificial intelligence (AI) technologies in the crypto market, particularly in Smart Contract Platforms and Utilities & Services sectors.
AI has emerged as a key theme, driving significant innovation and market performance, with AI-adjacent tokens surging by 80% year-to-date.
The report identifies high-potential AI-centric tokens like Near (CRYPTO:NEAR), Render (CRYPTO:RNDR), and Akash (CRYPTO:AKT), poised to capitalise on the AI trend.
Experts emphasise AI's transformative potential, especially in decentralised finance (DeFi) and Web3 social media.
Dominic Williams of DFINITY underscores the benefits of decentralised AI, including cost-effective KYC and enhanced security through smart contracts.
Grayscale's findings suggest continued market optimism for the synergy between AI and blockchain technologies.