Artificial Intelligence Dominates Crypto Narratives in 2023
A recent report from CoinGecko reveals that artificial intelligence (AI) was the most popular crypto narrative in 2023, accounting for 11.3% of total interest. The launch of AI chatbots like ChatGPT has driven this surge in interest. AI-related cryptocurrencies have also gained attention as a result.
AI Tokens Experience Significant Growth
Akash Network (AKT) saw the most significant growth among AI tokens, surging 1,247% from January to its peak in December. Render (RNDR), the largest AI token by market cap, also experienced a price increase of 12 times. Other top-performing AI tokens include Bittensor (TAO), Fetch.ai (FET), and SingularityNET (AGIX).
GameFi Emerges as Second Most Popular Narrative
Following closely behind AI, GameFi accounted for 10.5% of crypto narrative interest in 2023. ImmutableX (IMX) and Ronin, the blockchain powering Axie Infinity, were among the top-performing GameFi tokens.
Meme Coins Rank Third in Popularity
Meme coins ranked as the third most popular crypto narrative, representing 8.3% of overall interest.
The Future of AI in Crypto
The growth of AI tokens reflects the increasing momentum of AI technologies and their potential applications in the crypto space. As advancements in AI continue, this narrative is likely to remain popular and drive further development of AI-focused cryptocurrencies and applications.
Hot Take: Legal Battle Over Use of Articles for AI Training
The New York Times is currently suing OpenAI and Microsoft for copyright infringement due to the unauthorized use of millions of articles to train AI systems. If the NYT wins, it could have significant implications for tech giants and the future of AI. Additionally, LG has announced a new AI-powered robot assistant for smart homes, further highlighting the ongoing advancements in AI technology.
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