Top AI Tokens to Know in 2024

Discover the top AI tokens for the future and explore their use cases in the ever-evolving world of cryptocurrency and blockchain technology.

Key Takeaways:

• AI tokens are digital assets that leverage artificial intelligence (AI) to improve scalability, user experience, and security in the crypto ecosystem.
  
• The fusion of AI and blockchain technology has attracted significant interest amongst traders and developers.
  
• Our list of top AI tokens covers a broad range of use cases, from meme generation to data processing and decentralised marketplaces.
  
• Trading AI tokens has never been easier with the Crypto.com App.

Introduction

Artificial intelligence (AI) tokens are a category of cryptocurrencies that leverage the power of AI technology in various ways. They are specifically developed to fuel AI-based projects, applications, and services, such as decentralised AI marketplaces, AI-powered trading algorithms, AI-driven decentralised autonomous organisations (DAOs), and many others. These tokens serve either as a means of payment for transactions on the AI platform or as a way of conferring governance rights to holders.

In this guide, we delve into the top 10 AI tokens to watch in 2024, focusing on their functionality and the potential they hold in revolutionising the world of blockchain and AI.

1. Render Token (RNDR)

The Render Network (RNDR) connects creators who require additional computation power for rendering their scenes to providers who receive RNDR Tokens in exchange for their GPU power. It enables complicated GPU-based render tasks to be distributed and processed across a peer-to-peer (P2P) network, simplifying the transactional workflow of rendering and streaming 3D environments, models, and objects for end users.

The network’s RNDR Token is an ERC-20-compatible utility token used to pay for animation, motion graphics, and visual effects (VFX) rendering on the distributed RNDR Network.

Key Features

• Connects creators who require additional computation power for rendering their scenes, and providers receive RNDR Tokens in exchange for their GPU power.

• Enables complicated GPU-based render tasks to be distributed and processed across a peer-to-peer (P2P) network.

• RNDR Token is an ERC-20-compatible utility token used to pay for animation, motion graphics, and visual effects rendering.

2. Artificial Superintelligence Alliance (FET)

Launched in March 2018, Fetch.ai — since renamed Artificial Superintelligence Alliance — has digital intelligence at its heart, aiming to be at the forefront of accelerating research and the deployment of emerging technologies like blockchain and AI. Its solutions are designed for people, organisations, and the Internet of Things (IoT).

FET is the native cryptocurrency of the Artificial Superintelligence Alliance platform, and users spend FET to consume services within the platform; they can also stake their own FET for the opportunity to have a say in the governance and direction of the Fetch.ai platform. Users who stake their FET earn interest at a variable interest rate of 10% annually.

Key Features

• Fetch.ai’s solutions are designed for people, organisations, and the Internet of Things (IoT).

• It delivers actionable predictions, enables the construction of robust collaborative models, improves efficiencies, and streamlines processes.

• FET is the native cryptocurrency of the Artificial Superintelligence Alliance platform; users spend FET to consume services within the platform, as well as stake their own FET for the opportunity to have a say in the governance and direction of the platform.

3. The Graph (GRT)

The Graph (GRT) is a popular blockchain-indexing protocol that uses AI to make data more accessible. Its native AI token, GRT, has a market capitalisation of over US$3.78 billion (as of March 2024). The Graph addresses the issue of data overload in blockchain networks by indexing data into subgraphs, making it easier for developers to access crucial information.

Key Features

• Blockchain-indexing protocol compatible with multiple networks.

• Solves data overload issues by indexing data into subgraphs for easy accessibility.

• GRT tokens are required for querying data.

4. NEAR Protocol (NEAR)

NEAR Protocol is created by the NEAR Collective as a community-run cloud computing platform that can achieve up to 100,000 transactions per second (tps). It also features human-readable addresses and a more straightforward onboarding process for decentralised application (dapp) developers.

The native token, NEAR, serves as the core medium of exchange within the platform’s ecosystem and is mainly used by validators for staking; NEAR is distributed as rewards to these validators in exchange for serving the network.

Key Features

• Created by the NEAR Collective as a community-run cloud computing platform.

• Achieves up to 100,000 transactions per second (tps).

• NEAR serves as the core medium of exchange and is distributed as rewards to validators in exchange for serving the network.

5. Internet Computer (ICP)

Internet Computer (ICP) is a public blockchain network that combines the power of individual computers into a seamless universe. It is designed to host smart contracts built on an advanced decentralised protocol, known as Internet Computer Protocol (ICP), and its native token, ICP, is a utility token that allows users to participate in the governance of the Internet Computer network.

Key Features

• Public blockchain network that combines the power of individual computers into a seamless universe.

• Designed to host smart contracts built on an advanced decentralised Internet Computer Protocol (ICP).

• The native token, ICP, is a utility token that allows users to participate in the governance of the Internet Computer network.

6. Theta Network (THETA)

The Theta Network uses an open-source protocol created primarily to decentralise streaming services. Utilising a modified Proof of Stake (PoS) consensus mechanism known as multi-level Byzantine Fault Tolerance (BFT), the unique architecture of the Theta Network blockchain allows it to build dapp layers that serve specific functions, such as peer-to-peer streaming, live sports broadcasts, education, conferencing, television and movies, and more.

There are two cryptocurrencies on the Theta Network: THETA, which governs the network by validating transactions, and the TFUEL token, which is used to power microtransactions and operations.

Key Features

• Theta Network uses an open-source, modified Proof of Stake (PoS) consensus mechanism created primarily to decentralise streaming services.

• The blockchain allows dapp layers to be built that serve specific functions, such as peer-to-peer streaming, live sports broadcasts, education, etc.

• There are two cryptocurrencies: THETA governs the network by validating transactions, and TFUEL is used to power microtransactions and operations.

7. SingularityNET (AGIX)

SingularityNET (AGIX) is an AI token that aims to democratise AI tools and services. Launched in 2017, the platform is a marketplace for developers to build, share, and monetise their AI tools. Transactions processed in the SingularityNET marketplace are conducted in AGIX, the project’s native AI token.

Key Features

• Decentralised AI marketplace allowing developers to share and monetise their AI tools.

• Integration with other crypto ecosystem services.

• AGIX tokens are required for platform transactions.

8. Bittensor (TAO)

Bittensor is a decentralised blockchain network that redefines the development and sharing of AI and ML models. Unlike traditional AI development, which is centralised within a few large organisations, Bittensor creates an open, peer-to-peer (P2P) ecosystem where machine models can collaborate effectively across the globe.

Key Features

• The Bittensor network uses a unique consensus mechanism known as Proof of Intelligence (PoI).

• The core of the Bittensor protocol is a network composed of nodes, which host ML models and perform predictions.

• The TAO token serves multiple purposes: utility token for accessing AI services, staking token to secure the network, and governance token to vote on improvement proposals.

9. Oasis Network (ROSE)

Oasis Network is a privacy-focused smart contract network for open finance, created using the Cosmos software development kit (SDK). The initiative favours apps and use cases that improve data privacy and user confidentiality. The ROSE native token from Oasis Network is a capped supply token used for staking and delegating on the Oasis consensus layer and for smart contract operations that require fees.

Key Features

• A privacy-focused smart contract network for open finance, created using the Cosmos software development kit (SDK).

• Favours apps and use cases that improve data privacy and user confidentiality.

• Native token, ROSE, has a capped supply and is used for staking and delegating on the Oasis consensus layer.

10. CorgiAI (CORGIAI)

CorgiAI is a community-driven AI project centred around the creation of a tight-knit family. It leverages AI to build tools that will further push the boundary of community building. CORGIAI is the core token used within the CorgiAI ecosystem. It is equipped with staking utility and used as a purchasing token for a wide range of features on CorgiAI’s roadmap. A portion of the tokens will also be reserved on Ethereum for future expansion.

Key Features

• Community-driven AI project.

• Leverages AI to build tools that will further push the boundary of community building.

• CORGIAI is the core token, equipped with staking utility and used as a purchasing token for a wide range of features.

How to Buy AI Tokens With Crypto.com

Buying AI tokens with Crypto.com is easy. Render, fetch.ai, Internet Computer, The Graph, and all other AI tokens mentioned above are listed in the Crypto.com App. You can buy AI tokens with USD, EUR, GBP, and 20-plus other fiat currencies or trade them for other cryptocurrencies, including BTH, ETH, SOL, USDC, and 250-plus more.

To start buying AI tokens today, download the Crypto.com App for free in the Apple App Store or Google Play Store. From there, you will be guided to the sign-up process, which takes only a few minutes to complete.

Once registered, you can charge your account via bank transfer, Apple Pay, or credit/debit card payment. While bank transfers might take a few business days to process, Apple Pay and credit card payments are processed within seconds and ready to use for your first AI token buy.

Conclusion — AI’s Potential in the Crypto Industry

The world of AI tokens is rapidly evolving, with numerous projects aiming to revolutionise the crypto ecosystem by leveraging AI. As the fusion of blockchain technology and AI garners significant interest, it’s essential to keep an eye on the top AI tokens and the potential they hold in revolutionising the industry. To start trading these AI tokens, download the Crypto.com App and explore the world of AI in cryptocurrency.

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