Unveiling the Titans: The 10 largest and most innovative AI crypto projects dominating market caps
Cryptocurrencies have seen a surge in popularity; among them, AI-based projects have emerged as significant players. This article explores the top 10 AI crypto projects based on their market capitalizations as of July 5, 2023. SingularityNET (AGIX) leads the pack with a market cap of US$1,274,728,619, followed by The Graph (GRT) at US$1,018,089,798, and Fetch.ai (FET) at US$674,382,755.
Other noteworthy projects include Oasis Network (ROSE), Render Token (RNDR), AIOZ Network (AIOZ), Deepbrain Chain (DBC), Numerai (NMR), Cartesi (CTSI), and Akash Network (AKT). These projects demonstrate the potential of AI and blockchain in shaping the future of decentralized technologies.
1. SingularityNET (AGIX)
SingularityNET, represented by AGIX, holds the top spot on the list with a staggering market capitalization of US$1,274,728,619. SingularityNET aims to create a decentralized network for AI services, allowing developers to easily access and utilize AI algorithms.
2. The Graph (GRT)
Taking the second spot on the list is The Graph, denoted by the symbol GRT, with a market capitalization of US$1,018,089,798. The Graph provides an indexing protocol for blockchain data, making it easier for developers to search, retrieve, and utilize data from various blockchains.
3. Fetch.ai (FET)
Fetch.ai, represented by the symbol FET, secures the third position on the list with a market capitalization of US$674,382,755. Fetch.ai aims to create a decentralized and autonomous network that enables the deployment of intelligent machine-learning agents.
4. Oasis Network (ROSE)
With a market capitalization of US$546,458,303, Oasis Network (ROSE) is fourth on the list. Oasis Network focuses on privacy and scalability in the realm of blockchain technology. Oasis Network aims to enable private and scalable decentralized applications while maintaining data confidentiality by employing secure and privacy-preserving smart contracts.
5. Render Token (RNDR)
Render Token, denoted by the symbol RNDR, captures the fifth spot on the list with a market capitalization of US$495,980,273. Render Token operates as a utility token within the decentralized GPU-rendering network. Using idle computing resources, Render Token allows artists and creators to render high-quality graphics and animations efficiently.
6. AIOZ Network (AIOZ)
Securing the sixth position on the list is AIOZ Network (AIOZ), with a market capitalization of US$391,507,979. AIOZ Network focuses on revolutionizing content delivery and video streaming by leveraging decentralized networks. With its peer-to-peer architecture, AIOZ Network aims to enhance streaming efficiency, reduce costs, and provide a seamless experience for content creators and viewers.
7. Deepbrain Chain (DBC)
Deepbrain Chain, represented by the symbol DBC, claims the seventh spot on the list with a market capitalization of US$378,147,996. Deepbrain Chain uses blockchain technology to create a decentralized AI computing platform. The platform enables AI developers to securely and efficiently share computing resources, facilitating the development and deployment of AI models.
8. Numerai (NMR)
Numerai, denoted by the symbol NMR, ranks eighth on the list with a market capitalization of US$362,430,136. Numerai is a decentralized hedge fund that leverages AI and machine learning to make financial predictions. Through a crowdsourced approach, Numerai enables data scientists worldwide to contribute to its predictive models while competing for rewards.
9. Cartesi (CTSI)
With a market capitalization of US$346,436,832, Cartesi (CTSI) holds the ninth position on the list. Cartesi focuses on bridging the gap between blockchain technology and traditional software development. By providing a Linux-based infrastructure, Cartesi enables developers to create scalable and verifiable decentralized applications using familiar software stacks.
10. Akash Network (AKT)
Securing the tenth spot on the list is Akash Network (AKT), with a market capitalization of US$325,116,281. Akash Network uses blockchain technology to create a decentralized cloud computing marketplace. By leveraging underutilized server capacity, Akash Network provides an efficient and cost-effective solution for deploying and managing cloud applications.
