The future is Al. Investors know this information, and because of this, the funding aspects of AI projects are massive.
As we look back at Q1- 2024, many Al coins have aced their funding goals. This showcases the significance of AI to investors and the potential of Al in the crypto space. This two-part article will explore the 15 AI coins that have successfully raised funds for innovative ideas, highlighting their success and unique features.
The Al Narrative
A narrative in crypto is a trend or story that makes a project stand out. Artificial Intelligence (AI) has been topping trends since 2028, and it made its way down to 2024. The growth of AI coins represents how technology has gained traction over the years. Al has proven itself in the crypto space, especially with the usefulness of AI tokens.
Top 10 Most Popular AI Crypto Coins
1. Bittensor – $TAO
2. Render – $RNDR
3. https://t.co/3TekemrOpX – $FET
4. Akash Network – $AKT
5. PAAL AI – $PAAL
6. PaLM AI – $PALM
7. SingularityNET – $AGIX
8. Solidus AI Tech – $AITECH
9. DeepFakeAI – $FAKEAI
10. ChainGPT – $CGPT— CoinGecko (@coingecko) March 19, 2024
Beyond selling and taking trades, Al tokens have diverse use cases. For example, Al coins have been experiencing a surge in performance during their ICOs, IDOs, and Venture Capital rounds (fundraising).
You may be wondering why this is the case, but it’s no news that cryptocurrencies are constantly integrating Artificial Intelligence into several aspects of its ecosystem. So, we’ve made a list to give you early information about how the Al narrative responded in Q1-2024.
1) Privasea Al network
Privasea is a fine combination of DEPIn and Al. Privasea ensures a more secure computing network. So, here’s the idea:
Investors are happy that Privasea wants to revolutionize AI. You may wonder how this is possible, but Al is one to shake things up. Privasea utilizes Fully Homomorphic Encryption Machine Learning (FHEML) to solve data privacy challenges.
Privasea just got a $5M fund in March 2024. The fund raised is a result of eminent players like Binance Labs, Gate Labs, and MH ventures alongside other top investors. With this funding, Privasea has expanded its user base. And it’s set to launch a decentralized application called ‘ImHuman.’
🎉Big news! @Privasea_ai secures $5M in funding to pioneer DePIN with FHEML Technology. Thanks to @BinanceLabs, @gate_io, @MH_Ventures, @K300Ventures, and all our visionary investors.🚀
More info: https://t.co/0moMj3Mkq0#FHE #AI #DePIN pic.twitter.com/pSPhB5kBUI
— Privasea (@Privasea_ai) March 4, 2024
2) Solak GPT
Solak GPT is an Al protocol with an Al browser and a DeFi platform due to its integration of AI with DeFi. It is an interesting coin with a unique feature that can turn text into Non-fungible tokens (NFT).
Solak also aced its funding goals for Q1-2024 with investors like DWE Labs, Oddiyana ventures, and IBC group officials.
We are thrilled to announce the successful closure of our strategic funding round with @DWFLabs @oddiyana_vc and @ibcgroupio
This milestone marks a significant achievement, and we are now poised to introduce #SGPT to the global stage. Stay tuned for more exciting developments… pic.twitter.com/n354jkbOOb
— Solak (@SolakGPT) March 12, 2024
3) Bluwhale AI
Bluwhale Al is a personalized Al platform. The whole idea behind Bluwhale is that you can control your profiles, monetize whatever you post, and get customized wallets. That’s not all.
BluWhale is set to reward you for using their platform by leveraging Al to get accurate information about your contributions and ensure your content gets to the right audience. That’s an intelligent plan for creators because getting content to the right eye is difficult.
Bluwhale raised $7M with notable support from SBI investments, Cardano, Momentum 6, and other top investors, all in March 2024.
⚡️ @Bluwhaleai has announced the closure of its $7M seed round led by @Sbigroup
Bluwhale, a decentralized #AI personalization protocol for blockchains, raised $7M in seed funding led by SBI Holdings, with participation from @Momentum_6, @nxgen_xyz, @Cardano, @sygnumofficial,… pic.twitter.com/MD5RgLsDTq
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) March 11, 2024
4) Cellula Life
Cellula Life is an artificial life simulation game on-chain. By On-chain, we are referring to any data recorded on the blockchain. With Cellula, you can explore, evolve, and collect unique life forms.
Cellula came into existence due to an inspiration from Conway’s Game of Life. When playing this game, you’ll use genetic codes to make any life form you choose. Q1-2024 was a good time for Cellula as it also crossed its funding goals. It also got support from Notable investors like Binance Labs.
🚀 We are delighted to announce that @BinanceLabs has made a strategic investment in #cellula.
🧬 Cellula is advancing the development of Fully Onchain Games, utilizing the power of artificial intelligence to provide endless composability and persistence in strategy gaming. pic.twitter.com/oGaaiXAgjB
— Cellula (@cellulalifegame) March 8, 2024
5) io.net
io.net is an Al blockchain startup with a decentralized computing network. It introduces GPUs for affordable machine-learning tasks. The introduction of GPUs addresses the issues related to centralized cloud services.
io.net raised $30M to run its activities with the backing of Solana Labs, Aptos Labs, and other top investors.
BREAKING: https://t.co/WLXlHkvE4z has raised $30M to build the largest decentralized GPU network in the world and solve the AI compute shortage.
The Series A round was led by Hack VC with participation from Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs,…
— io.net (@ionet_official) March 5, 2024
6) QnA3.AI
The Crypto space is vast to the extent that there are many tools for analysis. QnA3.Al is a tool that analyzes cryptocurrencies using data gathered from research.
To fund its activities, QnA3.Al raised funds with support from Binance Labs.
We have officially wrapped up Season 6 of the Binance Labs Incubation Program and are excited to announce the second batch of S6 Incubation projects we’ve invested in, listed alphabetically below 👇@cellulalifegame@derivio_xyz @qnaweb3@uxuycom
🚀We will be releasing more… https://t.co/Lc6PVx98qf
— Binance Labs Fund (@BinanceLabs) March 8, 2024
7) Sahara AI
With Sahara AI, you can create personalized and self-governing Al agents. Sahara rewards its contributors using Blockchain for accurate reward distribution.
During the fundraising phase, Sahara got $6M with support from Top investors. Sequoia and Polychain Capital were the top investors.
Sahara, the latest startup to blend crypto and AI, has raised $6M in seed funding to build AI models that kick back rewards to their trainers.@skesslr reportshttps://t.co/LnoAn3484o
— CoinDesk (@CoinDesk) March 5, 2024
8) PredX AI
PredX is an Al coin that utilizes Al features in predicting the market on the SEI network. This project allows you to share your views and get Al’s predictions for insights before buying a coin.
If you want to explore the market, this could be an excellent way to go about it. PredX made $0.5M in its Preseed phase in February 2024. Notable investors include Penrose and Mulana Capital.
🪼 Vitalik mentioned micro prediction market again🪼
See how the prediction market helps to bring fairness and truth to the world!https://t.co/C5gmTYLM2D is a Tiktok-like, GMX-style, high-performance prediction market on #SEIThe best is yet to come… 🪼🪼 https://t.co/UqpDQZRVRI
— PredX.ai (@PredX_AI) February 10, 2024
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
