Venture Capitalists See Promise in AI Tokens
Millions Flow Into AI Tokens
The recent trend reflects a significant recovery from the downturn experienced in 2023. At the time, venture capital in the crypto and blockchain sector declined to $5.75 billion across 58 funds. This was a stark contrast to 2022’s record-breaking $37.7 billion across 262 funds.
VC Fundraising in Crypto
The last quarter of 2023 marked a pivotal moment with a 2.5% increase in venture funding, reaching $1.9 billion. This was the first growth in crypto startup investments since early 2022.
Startups Securing Funding
- Utila announced an $11.5 million seed funding round for its enterprise-focused wallet platform.
- Synnax raised $1 million in pre-seed funding for its credit intelligence platform.
- Sahara secured $6 million in seed funding to develop a decentralized AI network.
Investment in AI tokens is gaining momentum, with the market cap of AI coins estimated at around $26.52 billion.
AI Cryptos to Keep an Eye On
A few standout AI tokens include Sleepless AI, Oraichain, AIOZ, Monai, enqAI, AIT Protocol, GT Protocol, Numbers Protocol, and RSS3, showcasing innovative projects leveraging AI technology.
These AI tokens represent a facet of the growing synergy between AI and blockchain technology, shaping the future of technology and investment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.