AI coins jump ahead of latest Nvidia earnings

The Street Crypto
The Street Crypto
ICP−7,11 %
VIRTUAL−4,33 %
GRT−3,96 %
FET−3,91 %
THETA0,00 %
IP−10,43 %
RENDER−6,75 %
NEAR−7,99 %

Crypto coins linked to decentralized artificial intelligence (AI) projects rose ahead of the AI-focused chipmaking giant Nvidia (Nasdaq: NVDA) posting its second-quarter earnings report on Aug. 27.

In simple words, decentralized AI refers to AI systems that operate across a distributed blockchain network, rather than being controlled by a single centralized entity like Google or OpenAI. The financial transactions of these projects are paid in crypto assets.

AI coins gain

TAO, the AI coin behind the open-source protocol Bittensor powering the decentralized machine learning network, rose 0.8% in an hour to reach $338.98.

The NEAR coin, which powers the AI-native NEAR Protocol, rose 0.7% to $2.55.

ICP is another prominent AI coin that empowers the Internet Computer blockchain to be leveraged to build both Web 2.0 and Web 3.0 platforms. The coin rose 0.4% to $5.09.

More on crypto:

  • Trump issues surprising promise to Nvidia as U.S. AI race heats up
  • Bitcoin miner alleges Stripe cut them off as Trump bans crypto debanking
  • Trump's Asia tariffs takes a massive hit on Bitcoin miners

RENDER is the AI coin behind a decentralized GPU compute platform called the Render Network, which is used for 3D, ML, and generative AI services. It rose 0.5% to $3.66.

The IP token, as the name suggests, enables the Story blockchain, which enables tokenization of intellectual properties. It rose 0.6% to $6.11.

Related: What is tokenization? Explained

FET is the AI coin behind the Artificial Superintelligence Alliance consortium that delivers automation to decentralized finance (DeFi). It also grew 0.6% to $0.647.

The Graph is a prominent project that leverages AI to index blockchain data. The GRT coin behind it similarly climbed 0.6% to $0.09136.

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025 in Washington, DC.

The THETA AI coin powers the Theta Network, the decentralized cloud for AI and media. The coin rose 0.7% to $0.8037.

VIRTUAL, the token behind the AI and Metaverse protocol called the Virtuals Protocol, rose 0.3% to $1.18.

AI boom rewards Nvidia

The generative AI boom has been very rewarding for Nvidia, transforming it into the world's largest company with a market cap of $4.4 trillion — the first and only company to achieve the target so far. Notably, the total crypto market cap also recently surpassed $4 trillion.

Melissa Otto, head of Visible Alpha Research at S&P Global, said:

“The assumptions and performance of Nvidia really dictates what the market is going to start to price into the AI trade, and that whole AI trade has essentially been driving the market this past year.”

The NVDA stock was trading at $182.01 at press time, up 0.13% a day.

Besök källa
16,34 tn
0
Innehållet på den här sidan tillhandahålls av tredje part. Om inte annat anges är OKX inte författare till den eller de artiklar som citeras och hämtar inte någon upphovsrätt till materialet. Innehållet tillhandahålls endast i informationssyfte och representerar inte OKX:s åsikter. Det är inte avsett att vara ett godkännande av något slag och bör inte betraktas som investeringsrådgivning eller en uppmaning att köpa eller sälja digitala tillgångar. I den mån generativ AI används för att tillhandahålla sammanfattningar eller annan information kan sådant AI-genererat innehåll vara felaktigt eller inkonsekvent. Läs den länkade artikeln för mer detaljer och information. OKX ansvarar inte för innehåll som finns på tredje parts webbplatser. Innehav av digitala tillgångar, inklusive stabila kryptovalutor och NFT:er, innebär en hög grad av risk och kan fluktuera kraftigt. Du bör noga överväga om handel med eller innehav av digitala tillgångar är lämpligt för dig mot bakgrund av din ekonomiska situation.