Grayscale launches "AI Crypto Sector" as sixth largest cryptocurrency sector

Grayscale officially establishes an "Artificial Intelligence Crypto Sector" as its sixth cryptocurrency asset classification sector. This sector will cover all crypto protocols with artificial intelligence as their core use case, currently comprising 20 tokens with a total market value of approximately $21 billion, which represents a growth of over 4 times from $4.5 billion in Q1 2023. The AI sector is divided into three subcategories: AI Platforms (such as Bittensor, Near), AI Tools and Resources (such as Grass, Akash), and AI Applications and Agents (such as Virtuals, Kaito). Some tokens previously classified under smart contract platforms, consumer culture, and infrastructure service sectors will be reclassified into this new sector. Grayscale states that with the development of decentralized AI technology, this field has become one of the most closely watched themes in the crypto industry and is expected to bring a more fair, transparent, and open AI infrastructure through blockchain. Related assets are already providing investment exposure through channels like Grayscale Bittensor Trust and Decentralized AI Fund.