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Over the past few months, AI tokens have been increasingly mentioned in the digital and AI news. AI tokens are digital tokens that allow customers to access artificial intelligence technology.
Recall that in 2022, the ChatGPT chat bot appeared on the market. A few months later, the number of chatbot users exceeded 100 million. The excitement around applications created on the basis of neural networks has also aroused interest among the cryptocurrency industry. Tokens related to AI began to appear, at least so their developers assure.
AI tokens and the hype around them
A number of AI-related tokens showed significant growth. For example, in early January, Artificial Liquid Intelligence (ALI) was trading at $0.009955. Already in February, its value was equal to $0.084. The price of the token increased by more than 744%.
The prices of other assets, which have already been forgotten, have also risen. In particular, we are talking about tokens such as BDP and MDT. The projects that created these tokens are specialized in data exchange and commercialization of various technologies.
The hype around tokens led to the fact that interest in the Metaverse began to fade to some extent. This conclusion was reached by the publication Axios, which studied the information through the Alphasense service. As it turns out, more than $2 billion was spent on Metaverse projects last year.
At the beginning of this year, the amount of investments decreased to 586 million dollars. At the same time, start-ups related to AI were able to attract investments totaling $2.3 billion.
Interest in the Metaverse is declining amid the hype for AI
Interest in the Metaverse decreases amid the hype for AI tokens
Decreased interest in the Metaverse and on the part of companies. For example, during 2022, the word “Metaverse” was uttered at 234 teleconferences with investors, while in the first quarter of 2023, the word appeared only on 63 phone calls. That is, business has so far begun to pay less attention to the Metaverses.
As for the question of whether it is worth investing in AI tokens, opinions differ radically here. Some investors believe that AI tokens have a good chance of further development as artificial intelligence penetrates. Others argue that the hype around AI tokens will gradually fade and the price of many AI tokens will begin to plummet. Who will be right from the experts, it will be clear at the end of this year.
Author: Vadim Gruzdev, analyst Freedman Сlub Crypto News
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