Meme ebbs, AI sector tokens take over, is the copycat season coming?

Affected by the announcement of the NVIDIA GTC24 conference agenda last night, the prices of multiple encrypted AI projects and AI concept coins that announced their participation in GTC24 have increased significantly. Among them, NEAR, FET, RNDR, GPT, NMT and other projects have increased by more than 20%.

Related reading: " With a 20-fold increase in one weekend, the AI ​​Summer of the crypto market is coming "

NVIDIA GTC "GPU Technology Conference" is an annual AI event that brings together developers, researchers, business leaders, IT decision-makers, creators, and the NVIDIA partner ecosystem. The 2024 NVIDIA GTC Conference will be held in San Jose, California from March 18th to 21st. BlockBeats has taken stock of the projects that will be participating in the encryption field at this conference, for reference only.

Which crypto projects will be participating?

Near

Last night, NEAR Protocol co-founder Illia Polosukhin announced that he would attend the "Transforming AI" keynote speech and panel discussion on March 20 during the GTC24 conference. It is worth noting that Nvidia founder Jensen Huang will also participate in this event.

This keynote speech revolves around the groundbreaking paper "Attention Is All You Need," which introduced the transformer neural network architecture. Transformers have since dominated all fields of artificial intelligence and revolutionized the entire industry. Illia Polosukhin, co-founder of NEAR Protocol, is also one of the authors of this paper.

The Transformer neural network architecture was proposed in the paper "Attention is all you need" released in the second half of 2017, which has become an important underlying technology for today's natural language processing and artificial intelligence. Eight authors from Google Brain, including Ashish Vaswani (founded Adept AI Labs), Noam Shazeer (founded character.ai), Aidan Gomez (founded Cohere AI), Lukasz Kaiser, etc., were also guests at this event.

Near issued a document in February 2023 stating that NEAR can serve as infrastructure to support the next generation of AI use cases. The network creates a value layer for setting rules and data pricing, and different applications and protocols can operate in an open, fair and transparent manner. ways to utilize this data. Near has also partnered with Cosmose AI, a consumer shopping data analytics platform, to build a stablecoin payment system that allows users to shop using cryptocurrencies with lower transaction fees.

As of writing, the price of NEAR is $5.76, a 24-hour increase of 41%.

Render

Jules Urbach, founder of Render Network, the world's first distributed GPU rendering network on the blockchain, will present "The Future of Delivered a speech titled "Rendering: Real-Time Ray Tracing, AI, Holographic Displays, and the Blockchain".

Jules Urbach is also the co-founder and CEO of OTOY, a cloud rendering company. OTOY has been at the forefront of rendering software for more than ten years. Their flagship application, Octane, is the first GPU-accelerated, unbiased, physically correct renderer and is widely considered the best of its kind. All major film studios, including Disney, use Octane for VFX.

Related reading: Multicoin Capital: Why are we leading the investment in Render Network? 》

Jules Urbach got into crypto because he had a vision of a metaverse, and in order to build it, content creation tools and rendering engines alone were not enough. The Metaverse will require astronomical amounts of computing power: orders of magnitude more than is available in all the data centers in the world combined. The only way to get that much computing power is to take advantage of the hundreds of millions of potential GPUs owned by consumers around the world.

Render Network was launched in 2017 to take advantage of this potential supply. Render Network allows complex GPU-based rendering jobs to be distributed and processed over large distributed peer-to-peer networks. This enables creators to compute at unprecedented scale and price, with stronger privacy guarantees than any existing cloud provider.

As of writing, the price of RNDR is $9.94, a 24-hour increase of 47%.

Can you participate by paying money?

In addition to the above two projects, there are many AI track projects that have stated that they will also participate in the NVIDIA GTC24 conference. However, these projects only need to purchase tickets to participate in the conference, and they have not announced that they will hold or participate in any activities at the conference. The deadline for ticket purchase is March 17, and there may be more crypto AI projects choosing to join this AI event. The following projects have been officially announced to participate in the GTC24 conference, for reference only.

NetMind.AI (NMT)

NetMind.AI, which focuses on GPU sharing business, announced last night that it would be invited to attend the NVIDIA GTC24 conference, but no further event agenda has been announced yet.

After this news was announced, the price of NMT rose above $12. As of writing, the price of NMT was $12.14, a 24-hour increase of 27.5%.

Node AI (GPU)

The GPU rental project Node AI announced its participation in the NVIDIA GTC24 conference. Prior to this, Node AI updated its roadmap, saying that it will introduce an L1 blockchain customized for cross-node task distribution.

As of writing, the GPU price is $1.25, up 1% in 24 hours.

MineAI

The computing resource and GPU sharing project MineAI announced that it will participate in the NVIDIA GTC24 conference from March 19th to 21st, when it will discuss various details of the project and future prospects with MAI holders.

As of writing, the MAI price is $0.037, a 217% increase in 24 hours.

QnA3.AI (GPT)

QnA3.AI, the AI-driven Web3 knowledge sharing platform, announced that it will participate in the NVIDIA GTC24 conference from March 17th to 21st. Previously, QnA3.AI announced that the second airdrop will be conducted at 04:00 UTC on April 2, 2024.

As of writing, the price of GPT is $0.68, an increase of 8% in 24 hours.

AI, DePIN have been the hot narrative this year. A few days ago, Solana ecological DePIN protocol io.net announced the completion of a $30 million Series A financing. In the past six months, the tokens of various projects in the AI ​​sector have continued to rise, thanks to the continued innovation of Web2 AI companies such as OpenAI and NVIDIA. AI projects in the encryption field are also in full swing.

Related reading: " When AI meets DePIN, it may be the value narrative driving this bull market "

There are still ten days left before NVIDIA's annual AI conference. It is believed that the hype of AI concept will not stop before the end of GTC24 conference.