Over the past few months, the American Multinational Technology company NVIDIA has benefited from the AI (Artificial Intelligence) narrative gaining momentum in both TradFi and Cryptocurrency.

Showing no signs of slowing down, AI has consistently made breakthrough after breakthrough, and has curried both more favor and curiosity from the public thanks to its constant introduction of new and better applications.

The likes of ChatGPT – an interactive search engine that can aid as a smart personal assistant and Midjourney – an art and design platform that can generate images from texts have shown the world a glimpse of how useful AI can be.

Nvidia ($NVDA) has been on a roll since the start of 2023, the price of $NVDA has surged over 28% in the past five days and over 180% YTD, it is currently trading at $401.1.

Nvidia’s market cap was $364.18bn as of December 31st, reaching the $1 trillion mark within 5 months, and has since come down slightly to $922bn.

To put this into perspective only four companies in the United States have a valuation of $1 trillion or above: Apple, Microsoft, Amazon and Alphabet.

Nvidia’s surge so far in 2023 has been reported to be due to soaring demand for Graphis Processing Units (GPUs) that power generative AI tools.

According to one report by Reuters, analysts said that 80% of these GPUs are currently being manufactured by Nvidia. 

The excitement around the Nvidia surge sent some AI tokens rallying, as traders and investors alike attempted to capture profits from the trend.

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1. SingularityNet ($AGIX)

SingularityNet is an AI marketplace on the blockchain with a mission to develop AGI (Artificial General Intelligence) SingularityNet enables anyone to build and monetize AI services. 

$AGIX is their native token, and currently runs on Ethereum and Cardano networks to power the SingularityNet Platform. $AGIX has market cap of $367.9m with a circulating supply of 1.2bn $AGIX. 

$AGIX went up by 17% in the past 7 days and it is currently trading at $0.3. 

The Team behind SingularityNet were also responsible for developing “Sophia”, an Artificial Intelligence which many describe as the world’s most expressive robot. 

2. Ocean protocol ($OCEAN)

Running on Ethereum, Ocean Protocol provides the next generation of tools to unlock data at a large scale, making it easy to publish and consume data services.

Ocean uses Data NFTs (ERC721) and data tokens (ERC20) as the interface to connect data assets with both blockchains and DeFi applications.

With Ocean Protocol, you can not only public, but trade data.

You can use Ocean Protocol’s software tools to build your own data marketplace as well as manage data tokens and data NFTs for use in Decentralized Finance.

$OCEAN currently has a market cap of $229m with a max supply of 1.4bn, with it’s native token trading at $0.375 thanks to a major run up over the week.

3. Fetch.ai ($FET)

Fetch.ai provides open-source software tools which can be used together with their interoperable decentralized network in order to harness the power of AI and automation. These can be then be used to carry out complex tasks in the digital economy.

With Fetch.ai, you can build decentralized and peer-to-peer (P2P) applications that are free from centralized rent-seeking. 

Fetch.ai is currently available on the Ethereum, Binance Smart Chain and Cosmos networks.

$FET is the native token of the protocol is used to secure the network as well as to pay for transaction costs as well as staking. Currently, the $FET token has a market capitalization of $209m and trades at approximately $0.256.

4. Selfkey ($KEY)

SelfKey is building a blockchain-based identity system on Ethereum that allow individuals, companies, exchanges, fintech startups, and banks to truly own, control, and manage their digital identity.

They provide services that ensure your privacy online and prevents bad actors from obtaining or selling your data. 

SelfKey aims to offer individuals a secure means of verifying their identity through AI-Powered proof of individuality methods.

$KEY currently has a market cap of $47.6m, with a max supply of 6 billion $KEY. It’s native token currently trades at $0.00897.

5. Matrix AI Network ($MAN)

Founded in 2016, the Matrix 1.0 blockchain platform is the first AI-optimized blockchain platform.

Low transaction speeds, lack of security, the complexity of usage, and squandered resources are four key concerns in blockchain that Matrix 1.0 addressed with AI technology.

The Matrix 2.0 upgrade constructed a blockchain-based AI economy based on data, computer power, and AI models.

A self-evolving AI platform with aggregated processing power, safe data management, transparent data sharing, and access to an ever-growing set of on-chain AI data, models, and applications.

Now at Matrix 3.0, the network now blends neuroscience with AI and Blockchain. 

The ambitious project is now working on Avatar Intelligence (AvI), which aims to realize a similar scenario to the Matrix films where the human brain is uploaded to the Internet, or where a program identical to a user’s brain is created on the Internet. 

This means everyone can have their digital avatar in the Metaverse. This avatar can be used to live life and do various tasks in the Metaverse under each users’ authorization. 

$MAN has a market cap of $6m with a maximum supply of 1bn, and is currently trading at $0.0293. 

6. Image Generation AI ($IMGNAI)

Image Generation AI is a protocol that allows users to turn text into images. Running on Ethereum, their flagship product “Nai” is an AI-powered image generation bot which users can use to generate images in a variety of styles from photorealism to anime all via simple text commands. 

Nai is available for use on Discord and Telegram.

$IMGNAI has a market cap of $29.5m and a max supply of 1B and it is currently trading at $0.038. 

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[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]

Featured Image Credit: Chain Debrief

This article was written by Godwin Okhaifo and edited by Yusoff Kim