Top AI Crypto Coins for 2024

January 21, 2024

What Are AI Crypto Coins?

From: https://www.tastycrypto.com/blog/best-ai-crypto-tokens/

Though AI can aid in the creation of new tokens, encompassing their coding, economic framework, and branding, the AI tokens discussed here are intended for a separate purpose.

AI tokens are crypto assets that power blockchain projects that harness AI capabilities. These projects range from AI marketplaces and AI-enhanced trading platforms to AI-driven decentralized organizations and more.

Sometimes, AI tokens might support purely AI-focused projects that don’t primarily depend on blockchain technology for their foundational structure.

Top AI Crypto Coins for 2024

Here are the top AI tokens with great potential for 2024 and beyond. It is worth noting that many platforms on our list offer robust APIs, which allow for easy integration across all decentralized applications.

1. The Graph

Token: GRT
Category: Data Indexing and Querying

The Graph is a leading blockchainindexing and data querying protocol that leverages AI technology to improve data accessibility across decentralized networks. You can think of it as the Google of blockchains.

The Graph, however, goes one step further – it simplifies data access by organizing it into subgraphs. Anyone can develop subgraphs to provide applications with indexed blockchaindata.

The Graph’s ecosystem is fueled by its native cryptocurrency – GRT.

🍒 What Is the Graph (GRT) and How Does It Work in 2024?

Source: The Graph

2. Injective

Token: INJ
Category: Decentralized Finance (DeFi) and Exchange

Injective is a layer 1 blockchain that enables users to build finance-oriented decentralized applications (dApps) for Web3. It leverages AI and incorporates a high-performance on-chain decentralized exchange (DEX)infrastructure, bridges, oracles, and a smart contract layer, providing a complete finance dApp development kit.

Injective enables classic token swaps, margin trading, and forex futures trading across multiple blockchains.

Its dApps can seamlessly connect with other blockchains like Ethereum, Cosmos, and Solana, enhancing cross-chain interoperability. The ecosystem includes a wide array of dApps, as seen below.

Source: Injective

INJ is Injective’s native cryptocurrency. It is used for governance, validating transactions on the network, as well as incentives for developers.

3. Oasis Network

Token: ROSE
Category: Open Finance and Data Privacy

Oasis Network is a layer 1 blockchain network focused on open finance and responsible data economy. It lets users build open finance dApps that prioritize privacy and fairness, giving users control over their data and the possibility to monetize it.

The Proof of Stake (PoS) network has a unique architecture that separates its consensus algorithm and smart contract execution, enabling privacy-focused apps at a low cost.

Since the beginning of 2023, Oasis has been collaborating with AI industry leaders, including Meta, to build the framework for “Responsible AI” to ensure that the technology is developing on the principles of privacy, fairness, and transparency.

🍒 11 Best Crypto Altcoins: 2024

Source: Oasis

4. Render

Token: RNDR
Category: Distributed GPU Rendering and AI Computation

Render network is a decentralized chain that leverages unused computing power from crypto miners willing to rent out their graphics processing units (GPUs). The platform connects GPU providerswith creators.

Artists can leverage the unused GPUcycles for tasks like rendering and streaming digital content, including visual effects, virtual assets, and AI projects.

In July 2023, Render implementedthe proposal “RNP-004 – Open Compute Clients” to leverage the network’s computational power for AI and machine learning tasks.

RNDR tokens incentivize GPUproviders, ensuring fair remuneration.

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5. Fetch.ai

Token: FET
Category: Autonomous Agents and DeFi

Fetch.ai is an AI and machine learning(ML) platform that leverages blockchain. It allows users to develop and deploy AI agents for apps related to decentralized finance (DeFi), transportation, energy management, and other business tasks.

The Autonomous Economic Agents (AEAs) communicate using a common language and can be managed through a web interface.

Its native cryptocurrency, FET, is used to pay for transactions on the network.

6. SingularityNET

Token: AGIX
Category: AI Services Marketplace

SingularityNET is a decentralized AI marketplace where users can create, share, and monetize AI services. The ecosystem focuses on the development of Artificial General Intelligence (AGI) and the creation of human-level intelligence.

Do you remember Sophia, the robot? It was created by the SingularityNETteam members as part of another company.

SingularityNET’s utility token, AGIX, is used for transaction management and decentralized governance.

7. Ocean Protocol

Token: OCEAN
Category: Data Exchange and Monetization

Ocean Protocol is an Ethereum-based platform that enables users to exchange and monetize data and data-based services. The ultimate goal of the platform is to foster a more efficient AI ecosystem, with data being one of the key driving factors.

Participants can monetize their data sets by selling them on a decentralized platform at a fair price. On the other side, users can access datasets that were previously difficult to obtain.

The protocol’s utility token is OCEAN, which is used for data trading on the platform, governance, and data curating through staking.

Other Candidates

The mentioned AI cryptocurrenciesare related to AI-oriented projects and are tracked as a separate niche by Coinmarketcap and other sources. However, other digital assets outside this sector can potentially contribute to the AI ecosystem. Here are a few of them.

8. Filecoin

Token: FIL
Category: Decentralized Data Storage

Filecoin is a decentralized data storage marketplace. This peer-to-peer ecosystem enables users to store files safely in a decentralized cloud, offering a marketplace for storage capacity and data retrieval.

FIL is the utility token used to incentivize storage providers and pay for data storage and retrieval.

While Filecoin doesn’t focus specifically on AI, it offers a transparent and secure environment to store AI datasets and democratize the AI economy.

9. Chainlink

Token: LINK
Category: Decentralized Oracles for AI Integration

Chainlink is the largest decentralized oracle network. It helps blockchain networks communicate with the outside world, as decentralized networks like Ethereum have no direct link with the off-chain data and events. On top of that, it facilitates cross-chain communication, improving interoperability across blockchains.

The oracle system can be integrated into many AI use cases, helping blockchains access AI datasets through Chainlink functions.

LINK is one of the largest cryptocurrencies, with a market capin the billions.

AI Coins: 3 Month Performance

AI crypto tokens have shown generous returns in 2023, and the majority of them have outperformed Bitcoin. They have the potential to extend gains in 2024 as the AI sector gains traction.

Source: TradingView

AI Crypto Coin Summary

Let’s conclude with a table highlighting what we have learned about the best AI cryptocurrency tokens.

Worthy Mentions

Here are a few more protocols that investors in the cryptocurrency market should pay attention to.

Numeraire

Token: NMR
Category: Finance – Prediction Market

Numeraire is the protocol behind Numerai, a hedge fund that crowd-sources artificial intelligence to invest in major stock markets worldwide.

Like other dApps on our list, Numeraire runs on the Ethereum blockchain platform. The native token behind Numeraire is NMR.

Cortex

Token: CTXC
Category: Machine Learning

Cortex is an AI-powered blockchain platform that revolutionizes how artificial intelligence models are used in smart contracts and decentralized applications.

This blockchain enables developers to integrate and execute AI models directly on the blockchain, creating a new era of AI democratization and innovation in smart contract functionality. This cutting-edge approach makes AI models more accessible and efficient, driving the evolution of intelligent blockchain applications.

Bittenensor

Token: TAO
Category: AI Blockchain

Bittensor is revolutionizing machine learning through a decentralized, peer-to-peer marketplace for AI intelligence, expediting knowledge sharing and growth. Their approach creates a constantly growing database of machine intelligence. The protocol commoditizes machine intelligence, which creates innovation in a universally accessible network.

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Secure Your AI Tokens With Self-Custody

To buy and sell all of the coins on our list, you will need a self-custody wallet. This is because centralized exchanges like Coinbase and Binance offer few, if any of the tokens we have researched.

When you store your crypto in a self-custody wallet, you don’t have to trust that an exchange is acting in your best interest. This is because you are the only party privy to your private key, or seed phrase.

Here are some additional benefits you get when you choose to self-custody your digital assets with tastycrypto:

In-App Swap: Trade BTC, ETH, and 1,000+ tokens
Generate Yield in DeFi: Stake, lend, and become your own market maker
NFTs: Buy, sell, and view NFTs in-app

FAQs

What are AI crypto coins?

AI crypto coins are utility or governance cryptocurrenciesfueling blockchain projects that leverage AI technology or power AI use cases. These include trading platforms, marketplaces, and data-driven economies.

Are AI crypto coins better than other cryptocurrencies?

Where can I buy AI crypto coins?

Are there AI platforms for NFTs?