AI coins are the cryptocurrencies that support AI projects, applications, and services in the blockchain ecosystem.
Users pay AI coins to access apps and services, whereas providers get incentivized to provide the resources, such as computing power or data sets for training AI models.
AI coins have gained the attention of investors worldwide. Realizing the potential of returns, people are investing heavily in AI tokens.
The CoinDesk Indices Computing Index, comprised of AI-linked coins, has risen by more than 165% over the last 12 months, beating even bitcoin’s 151% increase to record levels.
This exponential rise has shed the spotlight on AI crypto coin projects, currently one of the most discussed topics in the cryptocurrency sphere.
Therefore, we brought the 10 best AI crypto coin projects in 2024 that have the potential to disrupt the market in 2024 and beyond. While preparing this list, we have deeply studied numerous AI crypto coins and shortlisted the 10 best ones.
So, without further ado, let’s start with the top AI crypto coin projects in 2024.
10 Best AI Crypto Coin Projects in 2024
The following are the 10 best artificial intelligence crypto coin projects in 2024.
1. NEAR Protocol (NEAR)
NEAR Protocol is one of the best AI crypto coin projects in 2024. Near is a proof-of-stake blockchain depending on a consensus protocol, known as Nightshade.
NEAR Protocol is designed to allow developers to create, deploy, and scale applications on the blockchain. It offers an intuitive experience to end-users and developers while maintaining the security and exceptional benefits of blockchain technology.
NEAR Protocol operates at approximately 100,000 transactions per second and processes a block per second. Currently, NEAR Protocol’s market capitalization is $7,904,405,818 (at the time of writing).
Top Features of NEAR Protocol
The following are the key features of the NEAR Protocol:
- Sharding
NEAR Protocol uses a sharding technique( partitioning data and transactions into smaller subsets called shards) to scale the network, increasing throughput and reducing latency.
- Proof-of-Stake (PoS) Consensus
NEAR Protocol utilizes a proof-of-stake consensus mechanism, enabling efficient and secure transaction validation by network participants.
- Suite of Developer Tools
NEAR offers a suite of developer tools, libraries, and frameworks to simplify the process of building decentralized applications (dApps).
- Scalability
NEAR Protocol is used by developers to achieve high scalability without compromising decentralization, security, or both.
- User Friendly
NEAR Protocol focuses on providing enhanced user experience to both developers and end-users. It allows for easy onboarding, interaction with dApps, and seamless wealth management.
2. Render (RNDR)
After reviewing its rapid growth, we decided to put Render (RNDR) in position 2 on the list of 10 best AI crypto coin projects in 2024. It is a blockchain-based platform designed to facilitate decentralized rendering and graphics processing.
Render (RNDR) offers a decentralized network where users can access resources to render tasks, such as 3D animation, visual effects, and computer-generated imagery (CGI).
Currently, Render’s (RNDR) market capitalization is $4,243,814,406 (at the time of writing).
Top Features of Render
The following are the key features of the Render:
- Access to Computing Resources
Render allows users to access rented computing resources provided by network participants.
- RNDR Token
The Render has its own native cryptocurrency, known as RNDR, used as a medium of exchange for transactions and payments within the ecosystem.
- Based on Ethereum Blockchain
Render (RNDR) is based on the Ethereum blockchain, to carry out transactions and smart contracts within the platform.
- Token Staking and Governance
Render allows participation and gives decision-making rights to users who stake their RNDR tokens.
- User-Friendly Interface
Render has intuitive tools, enhanced dashboards, and workflows to streamline the rendering process and improve user satisfaction.
3. The Graph (GRT)
The Graph is another AI crypto coin project that is gaining traction in 2024. It is an indexing protocol used for accessing and organizing data using GraphQL from various blockchains. It allows developers to search, publish, and use data, to develop dApps.
The Graph network is powered by the GRT token used for various purposes within the ecosystem. Node operators stake GRT to provide indexing and querying services, whereas developers pay to access the indexed data.
Currently, the Graph’s (GRT) market capitalization is $2,583,149,026 (at the time of writing).
Top Features of The Graph
The following are the key features of the Graph:
- Data Indexing
The Graph decentralizes the indexing of blockchain data derived from various blockchain networks, including Ethereum, IPFS, and others. Developers use this data to build dApps.
- Subgraph
The Graph allows developers to create and deploy subgraphs making it easy to customize data access for different use cases.
- GraphQL Support
The Graph uses GraphQL, a powerful query language for APIs, to enable developers to request specific data from indexed subgraphs.
- Incentive Mechanisms
There are incentive mechanisms, such as staking and delegation to increase participation.
4. Bittensor (TAO)
Bittensor (TAO) is a decentralized protocol that converts machine learning models into a competitive marketplace and incentivizes decentralized machine intelligence development.
It operates on a token economy, with its native cryptocurrency, TAO (Tokenized Autonomous Organization as the medium of exchange within the network.
The Bittensor allows for collaborative learning among nodes, allowing them to share knowledge, data, and insights to improve the performance of AI models. This enables achieve better results compared to single nodes working in isolation.
Currently, Bittensor’s (TAO) market capitalization is $2,310,732,791(at the time of writing).
Top Features of Bittensor
The following are the key features of the Bittensor:
- Decentralized AI and Machine Learning Development
Bittensor provides a decentralized infrastructure for developing, training, and deploying machine learning models across a distributed network of nodes.
- Tokenized Economy
Bittensor has its own cryptocurrency, called TAO (Tokenized Autonomous Organization). It is used to incentivize participation in the network.
- Collaborative Learning
Bittensor allows nodes for collaborative learning by allowing them to share knowledge, data, and insights to improve the performance of AI models.
- Interoperability
Bittensor seamlessly integrates with other blockchain networks and AI platforms. This enhances the versatility and utility of Bittensor for both users and developers.
- Developers Tools and APIs
Bittensor has a wide library of developer tools and APIs that make it easy to develop, train, and deploy AI models on its network.
5. Injective (INJ)
Injective (INJ) is a decentralized exchange (DEX) protocol that allows for trading cryptocurrencies, derivatives, and synthetic assets, across different blockchains decentralized manner.
It eliminates the dependency on intermediaries and allows users to exchange assets and cryptos with each other. INJ Token, the native cryptocurrency of Injective, is used for governance, staking, transaction fees, and rewards for liquidity providers.
Currently, Injective (INJ) market capitalization is $2,078,595,708 (at the time of writing).
Top Features of Injective
The following are the key features of the Injective:
- Cross-Chain Compatibility
Injective is interoperable with multiple blockchain networks, including Ethereum, Cosmos, and Binance Smart Chain.
- Derivatives Trading
It supports the trading of derivatives, including futures, options, and perpetual swaps.
- Synthetic Assets Development
The Injective (INJ) allows the development and trading of synthetic assets, the tokenized representations of real-world assets.
- Layer-2 Scaling
It utilizes layer-2 scaling solutions to improve transaction frequencies and reduce latency on its network.
- INJ Token
It has a native cryptocurrency, INJ Tokens, used for governance, staking, and rewards for liquidity providers.
6. Theta Network (THETA)
Theta Network (THETA) is a decentralized video streaming and content delivery network that enables users to share and stream video content with each other, without depending on centralized servers.
It is designed to address the challenges faced by conventional video streaming platforms. A few of the challenges are high bandwidth costs, limited user reach, and inefficient content delivery.
Moreover, contributors are rewarded with Theta Tokens (THETA) for contributing resources to the network. Currently, Theta Network’s (THETA) market capitalization is $1,965,144,960 (at the time of writing).
Top Features of Theta Network
The following are the key features of the Theta Network:
- Decentralized Video Sharing
Theta Network creates a decentralized video delivery infrastructure, allowing users to share video content among themselves without relying on centralized servers.
- Theta Fuel (TFUEL)
Along with the Theta Tokens (THETA), the network has another native cryptocurrency, known as Theta Fuel (TFUEL). It is used to facilitate micropayments and transactions within the network.
- Smart Contract Support
Theta Network supports smart contracts, automating various functionalities, such as facilitating transactions, enforcing agreements, and enabling interactions between users and content creators.
- Edge Caching
It leverages edge caching technology to reduce latency and improve content delivery performance.
- Content Distribution Partnerships
Theta Network has established partnerships with various content providers, streaming platforms, and technology companies to expand its reach and adoption. Some famous partners include notable names like Katy Perry, Samsung, Sony, American Idol, The Price is Right, Taste of Home, and others.
7. Fetch.ai (FET)
Another best AI crypto coin project on this list is Fetch.ai. It is a decentralized machine learning platform built on a blockchain network, aiming to create a decentralized digital economy.
It uses autonomous software agents that perform tasks such as data fetching, processing, and service provision. Moreover, they can also negotiate and trade, providing a foundation for a decentralized digital economy.
Fetch.ai has a native cryptocurrency, called FET, which is used to power the network, facilitate transactions, and reward participants in the network. Currently, Fetch.ai’s (FET) market capitalization is $1,693,909,814 (at the time of writing).
Top Features of Fetch.ai
The following are the key features of Fetch.ai:
- Autonomous Software Agents
It uses autonomous software agents powered by artificial intelligence and blockchain, to perform tasks in the network.
- Supports Smart Contracts
Fetch.ai operates on a blockchain that supports smart contracts. These smart contracts automate various processes and transactions, ensuring transparency, security, and efficiency in the network.
- Machine Learning To Train Agents
The Fetch.ai platform integrates machine learning to train its agents so that they can make intelligent decisions.
- Incentivize Through Tokens
Fetch.ai incentivizes participation in the network through native cryptocurrency, FET tokens.
- Real-World Applications
Fetch.ai aims to be applicable in various industries, including smart cities, energy grids, transportation systems, and supply chains.
8. Akash Network (AKT)
Akash Network is one of the best AI crypto coins projects in 2024. It is a decentralized cloud computing platform that offers an open-source marketplace for computing resources.
It is designed and developed to provide an efficient and scalable alternative to conventional cloud services.
AKT is the native cryptocurrency of the Akash Network. It is used for staking, governance, and transactions within the network. Currently, Akash Network (AKT) market capitalization is $1,250,711,598 (at the time of writing).
Top Features of the Akash Network
The following are the key features of the Akash Network:
- Interoperability
Integrating Akash Network with the Cosmos ecosystem allows cross-chain functionality and expands its potential user base and use cases.
- Cost-Effective Cloud Services
Akash Network offers cloud services at a lower cost compared to traditional centralized providers, making it the best option for businesses looking to reduce their cloud computing expenses.
- AKT Tokens
AKT is the native cryptocurrency of the Akash Network, used for paying for computing resources and providers earn AKT by offering their resources.
9. SingularityNET (AGIX)
SingularityNET(AGIX) is a marketplace where AI and machine learning developers can provide their services to other network members.
Users can explore, test, and buy various AI services on the SingularityNET marketplace in exchange for the native money, AGIX.
Furthermore, the marketplace provides a platform for AI developers to showcase and sell their AI products while readily tracking their performance. Currently, SingularityNET’s (AGIX) market capitalization is $1,085,862,624 (at the time of writing).
Top Features of SingularityNET
The following are the key features of the SingularityNET:
- Decentralized AI Marketplace
SingularNET is a marketplace where AI developers offer their services, algorithms, models, and datasets to other users and organizations.
- Tokenized Economy (AGI)
SingularNET operates with its native cryptocurrency, AGI (Artificial General Intelligence), serving as the medium of exchange within the platform.
- Modular Architecture
The platform’s architecture is modular and extensible because of which developers easily integrate their AI services and applications into the platform.
- Privacy and Security
SingularNET implements high-end encryption, authentication, and other security measures to protect data and ensure the integrity of AI computations.
10. AIOZ Network (AIOZ)
AIOZ Network (AIOZ) is a decentralized physical infrastructure network (dePIN) for Web3 AI, storage, and video streaming.
The network functions as a decentralized content delivery network, using peer-to-peer (P2P) technology and blockchain to share and transfer data over a worldwide network of nodes.
AIOZ Networks supports its own native cryptocurrency, known as AIOZ tokens, used for accessing services, paying for content, and rewarding network participants.
Currently, AIOZ Network’s (AIOZ) market capitalization is $837,858,562 (at the time of writing).
Top Features of AIOZ Network
The following are the key features of AIOZ Network:
- Content Delivery DePIN
AIOZ Network is a decentralized content delivery network, leveraging peer-to-peer (P2P) technology to distribute and deliver content across a global network of nodes.
- P2P Streaming
The network allows for peer-to-peer (P2P) streaming of video content without relying on centralized servers.
- Edge Computing
It leverages edge computing to process and cache content to reduce latency and enhance content delivery performance.
- Tokenized Economy
AIOZ Network has its native cryptocurrency, AIOZ token (AIOZ), used as a medium of exchange in the network.
- Content Monetization
AIOZ Network allows content creators to monetize their content using strategies like subscriptions, pay-per-view, advertising, and tipping.
Therefore, these are the 10 best AI crypto coin projects in 2024. We have deeply studied hundreds of AI crypto coin projects and shortlisted the 10 best for you in this list.
*Please note that this blog is for educational purposes only. Quytech does not recommend or endorse any kind of financial or investment advice.
*The sequence of projects on the list is random. It does not reflect their rankings.
Concluding Thoughts
So, these are the 10 best artificial intelligence crypto coin projects in 2024. By looking at the market capitalization and volume of trading per day, it is easy to say that AI crypto coin projects are one of the favorite investment choices of stakeholders worldwide.
As a technology company, we cannot say on investments, however, we can help you build your custom AI crypto coin. Yes, that’s right!
Quytech is a leading blockchain development company having expertise in creating AI crypto coins, tradable in cryptocurrency exchanges. So, if you also want to develop an AI crypto coin tailored to your specific needs, contact our team today.