Grayscale launches AI Crypto Sector as sixth largest cryptocurrency sector

Odaily News Grayscale has officially established the Artificial Intelligence Crypto Sector as its sixth largest crypto asset classification sector. This sector will cover all crypto protocols with artificial intelligence as the core use case, with a total of 20 tokens and a total market value of approximately US$21 billion, an increase of more than 4 times from US$4.5 billion in Q1 2023.
The AI sector is divided into three subcategories: AI platforms (such as Bittensor, Near), AI tools and resources (such as Grass, Akash), and AI applications and agents (such as Virtuals, Kaito). Some tokens that were previously classified as smart contract platforms, consumer culture, and infrastructure services will be reclassified into this new sector.
Grayscale said that with the development of decentralized AI technology, this field has become one of the most popular topics in the crypto industry, and is expected to bring more fair, transparent and open AI infrastructure through blockchain. Related assets have also provided investment exposure through channels such as Grayscale Bittensor Trust and Decentralized AI Fund.