Crypto Venture Capitalists Pour $213 Million into AI Projects in Q3

Crypto venture capitalists seem to be betting big on this AI trend, with projects leveraging the power of AI in DeFi, Social Networks, and other innovative ideas on the blockchain grabbing much attention.

The report expounds on the growing interconnectivity between AI and blockchain technology and projects that AI tokens may steal the limelight from meme coins very soon.

Last October, investor interest in AI reached new highs.

October data from Kaito shows that conversations around artificial intelligence (AI) in the cryptocurrency field peaked. More than half of the community engage in AI-related topics. Nvidia is now the second-largest corporation in the world, with its stock rising to an all-time high market valuation of $3.41 trillion.

Nvidia’s stock has risen 190% so far this year. It is now one of the S&P 500’s top performers. Analysts predict that AI-related token prices will rise, with the company’s November earnings report likely to fuel more excitement.

The market capitalization of AI tokens has reached $36.7 billion, doubling since August. The daily trading volumes of the tokens have also risen to 1.7 billion dollars, indicating better investor appetite.