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Grayscale has introduced a new Artificial Intelligence Crypto Sector, marking it as the sixth category within its Crypto Sectors framework. This sector encompasses 20 tokens with a combined market capitalization of approximately $21 billion, a significant increase from $4.5 billion in Q1 2023. The largest project in this sector by market cap is Bittensor ( $TAO ), a platform dedicated to AI development. The sector is organized into three subsectors: 1. AI Platforms: Networks facilitating the development of diverse AI applications, such as Bittensor and Near. 2. AI Tools & Resources: Services providing essential resources for AI development, including data and compute power, exemplified by Grass and Akash. 3. AI Apps & Agents: Applications and agents addressing AI-related challenges, including projects like Virtuals and Kaito. Bullish Full detail: https://research.grayscale.com/market-commentary/introducing-the-artificial-intelligence-crypto-sector-product
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