Original - Odaily

Author - Asher

As the popularity of the Meme sector fades, the AI ​​sector is taking over the baton to follow this round of gains. The combination of Crypto and AI has also become one of the most popular narratives in the encryption field.

According to Coingecko data, the AI ​​sector has increased as much as 23.1% in the past 24 hours; the current total market value is US$24,500,437,037, ranking fifth in the sector rankings. Among the 146 AI projects that have issued coins, 92 projects have a positive growth rate, and 28 have an increase of more than 20%. Among them, popular projects such as NEAR, FET, RNDR, GPT, and AI have increased by more than 20%.

Image source:Coingecko

Nvidia GTC24 conference agenda announced, detonating AI sector

The announcement of the NVIDIA GTC24 conference agenda last night was the direct cause of the rise in the AI ​​sector. Multiple AI projects that announced their participation in the GTC24 conference led the sector to rise. Among them, the most eye-catching one is NEAR Protocol. According to the conference agenda information released by nvidia.com, NEAR Protocol co-founder Illia Polosukhin will attend the NVIDIA GTC24 conference and give lectures and panel discussions with Huang Jenxun and others.

Image source:nvidia.com

This conference will be centered around the groundbreaking paper Attention Is All You Need. At the same time, NEAR Protocol co-founder Illia Polosukhin is also one of the authors of this paper. This research paper introduced the Transformer neural network architecture, and Transformer has since become The main architecture of large language models.

As soon as this news came out, coupled with the support of BTCs high and volatile bullish market, the NEAR token once rose by more than 43% in 24 hours. It currently has a 24-hour increase of 35.8% and the price is US$5.73.

Image source:Coingecko

According to the information released on the official website, it is not difficult to find that Jules Urbach, the founder of Render Network, will also appear at the GTC24 conference. The project official tweet also announced this information simultaneously: Jules Urbach will be on Wednesday, March 20th at 3:00-3:50 pm ( Pacific Daylight Time) gave a speech titled The Future of Rendering: Real—Time Ray Tracing, AI, Holographic Displays, and the Blockchain .

Image source:Render Network official recommendation

As a result, the RNDR token has increased by more than 35% in 24 hours and is currently priced at $10.19.

Image source:Coingecko

Several eye-catching projects

Affected by the news of NVIDIA GTC24 Conference Agenda Announcement, in addition to NEAR and RNDR directly related to this conference, the performance of several projects also deserves our long-term attention.Odaily summarizes and organizes them based on the popularity of today’s community discussions. Here are the key points:

1. FET: 41.2% increase in 24 hours, current price is $2.83

Image source:Official website

Introduction: Fetch.ai is the second crowdfunding project launched by Binance IEO and is dedicated to creating a self-learning blockchain network to promote economic activities among offline AI agents. Its token FET is the key to value transactions on the Fetch network and can be used to connect nodes to the network, exchange value between agents, access and develop distributed-based AI/ML algorithms, and promote website operations.

Focus: On March 5, Fetch.ai announced the launch of a US$100 million infrastructure investment project Fetch Compute, which will deploy Nvidia H200, H100 and A100 GPUs to create a computing platform that can be used by developers and users. A platform of capabilities designed to enhance participants ability to create advanced applications to deepen the foundation of the artificial intelligence economy. In addition, Fetch.ai will introduce innovative reward mechanisms to its community through this project. Starting March 7, 2024, users who stake Fetch.ai’s native token FET will be rewarded with Fetch Compute Credits, which they can then use to pay for GPU usage on the Fetch Compute network.

2. ORAI: 24-hour increase of 21.2%, current price is $18.33

Image source:Official website

Introduction: Oraichain is an intelligent and secure solution for Web3, scalable Dapps and decentralized AI. The themes of its technology and adoption strategy are: AI Layer 1, Scale-up with Layer 2 solutions with high interoperability , verifiable and trustless AI execution, decentralized data and AI platforms, and highly adaptable standardized protocols.

Focus: The project recently provided a token analysis tool called DeFi Lens, which adds AI agent capabilities to perform predictive analysis on tokens. At the same time, Oraichain still has other system updates in March, such as block generation speed below 1 second, Metamask support for Oraichain, cross-chain expansion, etc. Today the team announced that the value of the DAO vault has exceeded $30 million.

3. GPT: 24-hour increase of 14.01%, current price is $0.703

Image source:Official website

Description: QnA3.AI is an AI-driven Web3 knowledge sharing and search platform designed to provide users with accurate knowledge in the field of cryptocurrency. At the same time, it is also one of Binance Labs’ sixth season incubation program projects and is built based on opBNB. QnA3.AI not only provides information access and information acquisition, but also provides complex logical analysis functions for users to make transaction decisions, etc.

Points of concern: First, it will be popular: QnA3.AI, an AI-driven Web3 knowledge sharing platform, announced that it will participate in the NVIDIA GTC24 conference from March 17th to 21st. Second, airdrop expectations: QnA3.AI announced that the second airdrop will be held at 04:00 UTC on April 2, 2024.

Overview

The era of artificial intelligence has arrived. NVIDIA has almost single-handedly achieved ultra-rapid growth and narrative monetization in the stock market. Technology giants such as Google and Microsoft are pushing Web2 to shift to the era of artificial intelligence and changing the future of the technology market.

Then, those of us in the crypto world may also have the opportunity to stand on the window, feel the influx of hot money, and welcome the dawn of the new cycle of AI + Crypto.