PANews reported on May 28 that according to the official blog, Grayscale has established the "AI Crypto Sector" as the sixth cryptocurrency classification standard. The sector includes 20 tokens with a total market value of US$21 billion (an increase of 366% from Q1 2023), which are mainly divided into three subcategories: 1. AI platforms: such as market value leaders Bittensor and Near, providing decentralized AI development infrastructure; 2. AI tools and resources: including Grass (data collection) and Akash (computing power market); 3. AI applications and agents: such as Virtuals (autonomous AI agents) and Worldcoin (human identity verification).

The report pointed out that the current AI crypto sector only accounts for 0.67% of the entire crypto market, but it has great potential. Bittensor will usher in its first token halving this year, and its subnet ecosystem has exceeded 7% of the circulation since its upgrade in February. Projects such as Grass have achieved tens of millions of dollars in annualized revenue, showing commercial progress. Grayscale has deployed in this field through products such as Bittensor Trust, believing that blockchain technology can solve the governance risks of centralized AI development. With the advancement of the stablecoin bill, the payment infrastructure of crypto-native AI agents is expected to be improved at an accelerated pace.