AI Race Horses: Investors Make Their Selections

Interest in cryptocurrencies tied to AI blockchain projects has surged, with average daily volumes for the likes of SingularityNET, Fetch.AI and Render topping $1bn in early February, according to data company Kaiko. Among the range of AI-linked blockchain products are blockchain-based marketplaces for AI applications, where developers are paid in cryptocurrency, and machine-generated non-fungible tokens. The CoinDesk Indices Computing Index, which includes AI-linked tokens, has risen 60% this year but investors have been warned about the relative newness of the sector and the need to identify sustainable projects. While investment returns are strong, AI-crypto remains a small niche with a combined market cap of $2.7bn.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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