After the announcement of impressive earnings by GPU giant Nvidia last week, the value of artificial intelligence (AI) crypto tokens has surged. Worldcoin (WLD), the token of OpenAI CEO Sam Altman, is currently trading at $8.04, marking a 240% gain in the past month. Similarly, ARKM, the native token of blockchain AI analytics firm Arkham Intelligence, has gained 211% during the same period and is currently priced at $1.68.
Nvidia reported revenue and earnings of $22.1 billion and $12.3 billion, respectively, in Q4 2024. These figures represent increases of 265% and 769% compared to Q4 2023. Jensen Huang, the founder and CEO of NVIDIA, highlighted the growing demand for accelerated computing and generative AI across companies, industries, and nations.
The positive momentum in AI has also benefitted crypto projects. Sleepless, a Web3 AI companion platform backed by Binance Ventures, recently shared its roadmap for 2024. The platform aims to offer genuine emotional communication through AI dialogue and voice, simulating interactions with real humans. Sleepless also teased the release of its flagship AI blockchain game, Her 2.0, which allows users to dress their virtual partners, participate in player-vs-player battles, and earn rewards through card and mystery boxes.
Fetch.ai, an AI platform for decentralized applications, announced a partnership with Deutsche Telecom on Feb. 13. As part of the agreement, Deutsche Telecom will become a validator on the Fetch.ai blockchain. Fetch.ai’s services are currently accessible in various sectors, including healthcare, automotive, supply chain management, and digital identities. Deutsche Telekom MMS will also collaborate with Fetch.ai at the Bosch Connected Experience, Europe’s largest Internet of Things and AI hackathon, taking place on February 28 and 29.
Bitget, a crypto exchange, reported a 361% increase in weekly trading volume for its listed AI tokens and a 136% increase in the number of participants. Researchers attribute this rise in the AI sector to the launch of OpenAI’s text-to-video model, Sora. Sora has the capability to create highly detailed videos up to 60 seconds long, featuring complex camera movements and emotionally-rich characters. This innovation has sparked market interest and enhanced the creativity of AI.
Since 2020, decentralized computing blockchain iExecRLC has been a part of Nvidia’s Inception Program, which explores AI edge computing. The project currently boasts a market capitalization of $323 million.
On Feb. 20, Cointelegraph reported that Y Combinator, a Silicon Valley venture capital firm, has called on startups to develop stablecoins, metaverse solutions, and AI solutions. Y Combinator has already provided funding to 81 cryptocurrency and Web3 startups, including Coinbase, OpenSea, TRM Labs, and Quantstamp. Y Combinator analysts expressed their interest in these emerging technologies.