Bull market revival, how AI drives the new narrative of the bull market.

[TL;DR]

⭐️ Fueled by the positive impact of Ethereum Spot ETF progress, the overall market has stopped falling and turned to rise, with the AI sector once again leading the way and demonstrating strong resilience.

In late May, the merging of AGI coins, the potential iteration of OpenAI's ChatGPT model in June, and contributions from companies like NVIDIA indicate that the AI track will be positively impacted throughout the year.

⭐️ Some new projects such as Triathon, PLAI Labs, Reiki, Kaito, etc., are making breakthroughs in improving data analysis efficiency and decentralization through innovative solutions, expanding the innovative boundaries of AI in the field of encryption technology.

Introduction

Driven by expectations of a new round of market growth, such as the doubling of Navida's Q1 sales and positive progress in Ethereum Spot ETF, the AI zone once again occupies a prominent position in the popularity rankings and becomes the focus of attention in the encryption market.

If you conduct a deep analysis of the narrative rhythm, price volatility, and other aspects of the top assets in the AI zone, it is not difficult to find that this track demonstrates a high market resilience. This article will combine some new AI projects to capture new trend opportunities for everyone.

AI Zone leads the rise, and a new narrative bursts with vitality.

This week, under the positive impact of Ethereum Spot ETF making progress, the overall market has stopped falling and turned to rise. The AI sector, which has been showing high resilience for some time, is leading the market with a rise, second only to Layer2.

Source of Figure 1: SoSo Value

Actually, it is not difficult to find out through in-depth investigation that the rapid growth of AI+Crypto projects is due to the significant progress in artificial intelligence technology and widespread social interest. AI, as the most anticipated topic in various fields in 2024, is expected to generate a series of chain reactions.

Earlier this year in February, when OpenAI released the text-to-video model Sora, the AI concept zone had already experienced a significant pump, and the recent positive developments and actions by major technology companies in the AI field may also stimulate further pump in AI concept alts in the encryption industry.

In terms of the market, AGIX, FET, and OCEAN synthetic token ASI will be released in late May. There are also rumors that ChatGPT-5 will be released in June. Meanwhile, the Apple Worldwide Developers Conference is scheduled for June 10, which further boosts the market enthusiasm for the AI zone.

In addition, according to Cointelgraph, the technology giant Microsoft is closely following the encryption industry, especially the prospects of mutual support and integrated development between blockchain technology and artificial intelligence. This indicates that AI and blockchain technology may form a strong synergy in the future development of the technology industry.

In addition to the AI+Infra, AI+Data, AI+DePIN, AI+chat, AI+DID, and AI+Game that we previously paid more attention to, many other cutting-edge AI+Crypto projects have emerged. The following text provides a brief description of these projects, allowing us to glimpse the innovative changes in the AI field.

super AI: FET+AGIX+OCEAN=ASI

In late March this year, the three leading AI projects SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) initiated a token merger proposal that will merge the tokens into ASI owned by Superintelligence Collective, becoming one of the largest open-source, independent participants in the field of artificial intelligence research and development.

According to the approved proposal, FET will become ASI, with a total supply of 2.63 billion tokens and an initial price of $2.82. AGIX will be migrated to ASI at a conversion rate of 0.433350 to 1, and OCEAN will be migrated to ASI at a conversion rate of 0.433226 to 1. Ultimately, the valuation of ASI will reach $7.5 billion.

Source of Figure 2: fetch.ai

According to reports, Superintelligence Collective will establish a governance board with Sheikh as the chairman, Goertzel as the CEO, and Pon and McConaghy representing Ocean Protocol. It is worth noting that these companies will operate separately and only collaborate in the ASI token economy ecosystem and activities of Superintelligence Collective.

We have previously introduced these three leading AI platforms in multiple articles. Among them, Fetch.AI is a web3 company that builds a decentralized multi-agent platform for deploying AI applications, SingularityNET provides a blockchain-based AI marketplace and a democratic, inclusive, and beneficial framework for artificial general intelligence (AGI) services, and Ocean Protocol is a decentralized privacy-preserving data exchange platform.

In summary, ASI New Token will pioneer the token consolidation in the encryption market, becoming the most anticipated AI event in May.

AI+DeSci: Triathon

The combination of AI and DeSci is opening up new areas of research and application. The large amount of detailed data sets generated by DeSci (Decentralization Science) can provide richer training materials for artificial intelligence models, making them more accurate, able to reach a wider audience, and giving rise to more innovative applications.

Triathon is building such an "An AI for AI" ecosystem, training AI with AI and launching the token governance feature GROW. Every user can control the growth direction of the AI Agent (AIA) through GROW and continuously train AI models dynamically.

Source of Figure 3: Gate.io

In the next phase, Triathon will comprehensively build a trustworthy and controllable AI and DeSci (Decentralized Science) Integration system. Among them, in establishing a trustworthy and controllable AI, Triathon will introduce AI+Fuzz technology to control the functional boundaries of AI and ensure the evolution of AIA towards a trusted and reliable intelligent autonomous system by implementing the dynamic AI training path set by Triathon.

As DeSci Integration is the system that Triathon plans to build in the future, it includes a decentralized data marketplace, open-source research funded by GROW tokens, and a DAO governed by user AIA. It aims to promote data sharing and collaborative development within the AI research community, while ensuring data privacy and security through privacy computing technology.

AI+ Search Engine: Kaito

As an AI-driven Web3 search engine, Kaito recently released a beta version of an encryption search engine called "WHAT" based on LLM (Large Language Model), and provided access to potential users during the beta testing phase.

Source of Figure 4: KAITO

Kaito emphasized that this "WHAT" search engine integrates Auto-GPT technology, advanced large-scale language models (such as GPT-4), and Kaito's unique real-time encryption search function.

AI + Social & Creator Economy: Reiki

Reiki is an AI-native application assetization platform supported by Web3Go, a data intelligence network. Reiki has launched Reiki AI Bot and AI Bot NFT Mint. The former is designed to solve users' educational problems in the blockchain and cryptocurrency field, providing basic knowledge and tutorials on the BNB Chain, as well as in-depth data content on blockchain technology and market trends. The latter allows users to mint their created AI chatbots into NFTs, becoming on-chain AI-native digital assets.

Figure 5 Source: REIKI

AI+Game+Social: PLA Labs

PLAI Labs is a Web3 and AI social platform, and the first entertainment experience is the blockchain game Champions Ascension built on this platform.

Source of Figure 6: PLAI Labs

PLAI Labs is also building an AI protocol platform that will help handle all content from user-generated content (UGC) to matching 2D to 3D asset rendering.

How big is the imagination of AI+Crypto short long?

Undoubtedly, the AI cryptocurrency market, worth over $42 billion, will be the most eye-catching new narrative of this bull market.

OpenAI's ChatGPT model iterations, AGI token merger, and contributions from companies like NVIDIA indicate that the AI field will be positively influenced throughout the year.

We are delighted to find that some new projects such as Triathon, PLAI Labs, Reiki, Kaito, etc., are making breakthroughs in improving data analysis efficiency and decentralization through innovative solutions. This broadens the innovative boundaries of AI in the field of encryption technology, indicating that artificial intelligence and blockchain technology will jointly build a more secure, efficient, and transparent system.

Source of Figure 7: CoinMarketCap

However, despite the promising prospects, many new projects come with inherent risks. When seeking potential excess returns, investors should conduct in-depth research on the specific circumstances of each project.

In summary, in 2024, a series of cutting-edge AI+Crypto projects will shape the industry landscape, attracting attention for their innovation and diverse applications. For investors, developers, and users, staying informed and adaptable to the development of AI cryptocurrency field will help seize the progress, challenges, and opportunities in this promising intersection.

Author: Carl Y.

This article represents the author's point of view and does not constitute any trading advice.

This article is original content, and the copyright belongs to Gate.io. If you need to reprint, please indicate the author and source, otherwise legal responsibility will be pursued.