Following Nvidia’s impressive earnings announcement, the value of artificial intelligence (AI) crypto tokens has seen a significant surge. Currently, Worldcoin (WLD), led by OpenAI CEO Sam Altman, is trading at $8.04, marking a 240% increase in the past month. Likewise, Arkham Intelligence’s native token, ARKM, has gained 211% in the same period, with a current price of $1.68.
Nvidia reported revenue and earnings of $22.1 billion and $12.3 billion, respectively, in Q4 2024, representing substantial increases of 265% and 769% compared to Q4 2023. Jensen Huang, the founder and CEO of NVIDIA, attributed the strong quarter to the rise of accelerated computing and generative AI, stating that there is a surge in demand globally across various industries.
The influence of AI has extended to the crypto space as well. Sleepless, a Web3 AI companion platform backed by Binance Ventures, recently revealed its plans for 2024. Sleepless AI aims to provide authentic emotional communication through AI dialogue and voice, simulating interactions with real humans. They also teased the release of their flagship AI blockchain game, Her 2.0, which allows users to dress virtual partners, engage in player-vs-player battles, and earn rewards through card and mystery boxes.
Fetch.ai, an AI platform for building decentralized applications, announced a partnership with Deutsche Telecom to implement enterprise AI solutions. As part of the agreement, Deutsche Telecom will become a validator on the Fetch.ai blockchain. Fetch.ai’s AI-driven autonomous agents manage resources, conduct transactions, and analyze traffic flows. Their services are currently utilized in sectors such as healthcare, automotive, supply chain management, and digital identities. Fetch.ai will also collaborate with Deutsche Telekom MMS at the Bosch Connected Experience, Europe’s largest Internet of Things and AI hackathon.
Bitget, a crypto exchange, reported a remarkable 361% increase in weekly trading volume for its listed AI tokens and a 136% increase in the number of participants. Experts attribute this growth to the launch of OpenAI’s text-to-video model, Sora, which can create highly detailed scenes, complex camera movements, and emotionally rich characters in videos up to 60 seconds long. This innovation has sparked significant market interest, driving the rise in the AI sector.
Since 2020, iExecRLC, a decentralized computing blockchain, has been part of Nvidia’s Inception Program, focused on exploring AI edge computing. The project currently boasts a market capitalization of $323 million.
Additionally, Y Combinator, a prominent Silicon Valley venture capital firm, has called on startups to develop stablecoins, metaverse solutions, and AI innovations. They have already funded 81 cryptocurrency and Web3 startups, including industry leaders like Coinbase, OpenSea, TRM Labs, and Quantstamp. Analysts at Y Combinator recognize the potential of these sectors and encourage entrepreneurs to explore their possibilities.
In an effort to combat generative-AI abuse, Meta has taken steps ahead of the EU parliament elections.