Grayscale establishes "AI encryption section" as the sixth largest cryptocurrency classification standard

According to the official blog, Grayscale has established the "AI Encryption Section" as the sixth largest classification standard for cryptocurrencies. This sector contains 20 tokens with a total market value of $21 billion (an increase of 366% from Q1 2023), mainly divided into three subcategories: 1. AI platforms, such as market leaders Bittensor and Near, providing decentralized AI development infrastructure; 2. AI tools and resources: including Grass (data collection) and Akash (computing market); 3. AI applications and agents: such as Virtuals (autonomous AI agents) and Worldcoin (human authentication). The report points out that the current AI encryption sector only accounts for 0.67% of the market value of the entire encryption market, but its potential is enormous. Bittensor will experience its first token halving within the year, and its subnet ecosystem has surpassed 7% of its circulation in terms of staking since its upgrade in February. Grass and other projects have achieved tens of millions of dollars in annualized revenue, demonstrating commercial progress. Grayscale has laid out its presence in this field through products such as Bittensor Trust, believing that blockchain technology can solve the governance risks of AI centralization development. With the advancement of the stablecoin bill, the payment infrastructure of encrypted native AI agents is expected to accelerate its improvement.