Why aren’t AI crypto projects surging despite bullish market signals from OpenAI and Nvidia? – DL News
- AI-powered crypto projects down over 50% in value overall since 2024 and trading sideways.
- Startups outpacing 2024’s funding efforts.
This should be artificial intelligence-powered crypto projects’ moment.
On paper, they have everything going for them.
OpenAI just launched its latest version of ChatGPT and has announced plans for new data centres, chipmaker Nvidia has become the most valuable company in the world, and AI startup Anthropic’s valuation has skyrocketed to $183 billion.
At the same time, projects innovating at the intersection of crypto and AI raised over $516 million in the first eight months of the year, a 6% uptick from the amount raised in total in 2024, according to data from DefiLlama.
But within the $4 trillion…
