Grayscale Adds AI as Sixth Crypto Sector, Spotlights 20 Emerging Tokens

Grayscale Groups 20 Cryptos, Develops New Classification Called Artificial Intelligence or AI-Here’s What it Implies

• Grayscale launches a new category of Artificial Intelligence (AI) and groups 20 cryptos, including Bittensor & Near Protocol
• With this, it aims to provide a benchmark index for AI-related virtual assets and offer new opportunities for investors, which may positively impact the prices

A leading giant and a popular virtual asset management company, Grayscale, established a new category called Artificial Intelligence. The announcement comes following the AI sector’s explosive growth, which has gained global attention and volume. The Grayscale Research Team recognized this to be the next big thing in the crypto space and added it to its 5 other categories, including currencies, Smart Contract Platforms, financials, consumer and culture, and utilities & services. 

The newly created AI sector includes 20 assets with a combined market capitalization of around $21 billion. Some of the tokens included here are Bittensor, Near Protocol, GRASS, Akash Network, Virtual Protocol, etc., and more. As per the company, the Artificial intelligence sector shares a very negligible dominance of 0.67% compared to the financial sector or any other. Hence, the AI sector appears to be at the very early stages, but the applications are pretty large. And hence it is believed to grow in the coming years. 

Grayscale: AI Dominates the Crypto Space

Over the past few months to a year, Artificial intelligence has been one of the most trending topics within the space. Although the other sectors were able to make some noise, it has managed to remain extremely dominant. This made the Grayscale researchers believe in the AI’s potential to complement centralized  development. The adoption of projects like Bittensor, Render, FET, etc., and many more has been on the rise, and as a result, the sector has managed to attract a huge share of crypto narrative mindshare. 

In the times when many more tokens have met the market capitalization and liquidity thresholds for inclusion in crypto sectors and many more anticipate their launch, AI deserves its own crypto sector. The Artificial intelligence sector now has over 20 cryptos and has been further divided into  Platforms, Tools & Resources, and  Applications and Agents.

• AI Platforms are those that work for the broad development of diverse AI applications built on top of them, like Bittensor & Near Protocol
• AI Tools & Resources are the resources needed for development, including data and compute, which include Grass (data scraping) and Akash (compute) 
• AI Apps & Agents are the application layer of AI, including AI agents and applications addressing AI-related challenges, which are carried out by Virtuals & Kaito. 

The Grayscale’s inclusion of the Artificial intelligence sector as its new category reflects the growing importance of the decentralized infrastructure in shaping the future of this underlying technology. However, the blockchain-based platforms also help the AI sector to ensure they become more open, accessible, and aligned with public interest. 

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