What Happened Last Week: AI and Crypto Sectors

This week, the Nvidia GTC conference highlighted the burgeoning popularity of the AI sector, signalling a positive outlook for the industry. Beyond this event, the AI+Crypto domain has witnessed several other significant advancements. Notably, a wave of new projects rooted in AI concepts continues to surface, displaying a remarkable growth rate despite varying quality levels. This article aims to shed light on some of the most compelling developments within the AI+Crypto space over the past week, offering insights into the evolving landscape.

Last Week in AI and Crypto

This week, the buzz has been all about the NVIDIA GTC conference, which shone a spotlight on the Web3 AI sector's surging interest over the past two months. Illia Polosukhin, Near co-founder and co-author of the groundbreaking paper "Attention is All You Need," engaged in a meaningful conversation with NVIDIA's Huang Renxun, discussing the latest in AI models and technologies.

Highlights of the Week

NEAR's AI Endeavors: Illia Polosukhin's presence at the NVIDIA GTC conference underscored Near's commitment to AI, despite NEAR's price dropping by nearly 25% post-conference. The community remains bullish on Near's AI prospects, fueled by initiatives like NEAR Tasks and AI Agent services, highlighting its emerging role in the AI space.

gm.ai's Curious Launch: The founder of Whales Market has ventured into the "payment for airdrops" trend with gm.ai. Despite initial scepticism due to fund transfers to Binance, the upcoming beta launch of gm.ai is eagerly awaited by the community.

Aethir's Successful Sale: Aethir made waves with its public sale of decentralized GPU cloud infrastructure nodes, raking in over $65 million in an hour. With these nodes going live in Q2 2024, there's significant interest in the rewards through $ATH tokens.

Zero1 Labs' LBP Success: Zero1 Labs' Liquidity Bootstrapping Pool (LBP) concluded successfully, raising $10.78 million in three days, a notable achievement for the decentralized AI ecosystem.

Read More: Empowering Game Mechanics with AI & Crypto

Rising Stars in AI

$BLENDR: The Blendr Network's token has seen a meteoric rise, increasing 50-fold in just 20 days, highlighting its potential as a decentralized network for 3D rendering and digital creation.

$YOURAI: Surpassing expectations, YOUR AI raised $48 million in four days on Solana, setting a new benchmark for DAO Maker. It aims to transform e-commerce with AI-driven personalized shopping experiences.

$PRIME: Parallel's token has doubled in value over the past month, buoyed by its unique AI+GameFi concept and the launch of the colony game on Solana.

Updates on Mainstream AI Projects

$TAO: Despite its efforts, Bittensor's $TAO has faced difficulty maintaining a value above $700, amidst advancements and fundraising efforts for its liquidity staking protocol, Tensorplex Labs.

$RENDER: Render Network hit new highs post-NVIDIA GTC conference, peaking above $13, though it later settled around $10. It continues to forge partnerships and drive development, with notable collaborations including Exabits and Stability AI.