Since the ChatGPT, we have seen a surge in the development of AI software. These AI software are significantly affecting different industries. Similarly, cryptocurrency space is also being filled with AI projects.

This article compiles the top 10 potential AI projects for 2024. It provides an overview of these tokens, their tokenomics, and how to buy them on CoinEx.

Top 10 AI Crypto Projects

1. Near Protocol

Near is a blockchain designed to be user-friendly and carbon-neutral. It is quick, secure, and scalable. Near is a proof-of-stake blockchain designed with usability in mind.

The layer-1 foundation holds everything else together. It guarantees that all records of transactions are stored in a way that is not alterable by anyone, thus enhancing the network's stability. By being the NEAR token holders, users have an active and critical role in governance processes where they share resource allocations and make choices regarding the NEAR platform’s future technical development.

Features

One of the Near Protocol's distinguishing characteristics is "sharding." This enhances the speed and capacity of transactions by dividing the blockchain into sub-chains, each worked on by a separate validator, and then connecting these sub-chains.

Here are a few more notable features:

This technology possesses the capability of smart contracts to communicate with apps not part of the blockchain and generate tokens specifically designed for different uses.
Another similar blockchain technology that Near Protocol applies is Rust language.
Smart contracts allow developers to build a vast range of decentralized applications on the network.
The near network imposes a very small gas fee on each transaction. This fee prevents malicious actors from flooding the network with fake transactions and burns a small portion of the token supply.
Near Protocol improves technical and non-technical user experiences with rapid transaction processing and easy-to-use tools. The goals are to increase the adoption of decentralized applications and create a more inclusive blockchain environment.
Near Protocol's open-source structure promotes interoperability with other initiatives in the ecosystem.

Overview of NEAR

The NEAR token is the basic native asset used within the NEAR ecosystem. It provides functionality to all affiliated accounts. NEAR tokens, analogous to Ether, each represent a unique digital asset that may be utilized in a variety of contexts.

NEAR tokens may compensate the system for processing transactions and storing data. NEAR tokens can be staked by the token holders to become validators and join the network to ensure its stability. Using NEAR, users can also actively decide how the platform's resources should be allocated or where the platform is going.

Tokenomics

Total supply: 1.196 billion
Total market capitalization: $5.491 billion
Venture round: 8.4%
Foundation endowment: 10%
Community sales: 12%
Operation grants: 11.4%
Early ecosystem: 11.8%
Community programs: 17.2
Seed round: 15.2
Core contributors: 14%

2. Render

The Render Network is the first decentralized GPU rendering platform. It allows artists to use GPU rendering work on demand for high-performance GPU nodes located worldwide. Compared to the centralized GPU cloud, the network enables artists to scale next-generation rendering work at a fraction of the cost and speed.

The Render Network was established in 2017 to provide a platform for various computation tasks, ranging from simple rendering to artificial intelligence. These tasks are facilitated quickly and efficiently in a blockchain-based peer-to-peer network without errors or delays while guaranteeing property rights protection.

Features

The Render Network platform aims to create a lively new marketplace to support digital ideas, assets, and applications that anybody, from single developers or artists to significant studios, can access and utilize. The platform may be used for crowdsourcing 3D projects and managing digital rights.

Artists, engineers, designers, and developers can use the Render Network for various GPU workloads and applications. This opens the door for new artistic, scientific, and industrial forms that would be prohibitively expensive to produce using local infrastructure or centralized services.
3D artists can generate non-fungible tokens and virtual assets with a high level of authenticity.
Additionally, artists can produce and tokenize next-generation virtual assets, such as interactive ORBX files, which opens the possibility of monetizing portable 3D virtual assets.
Render Network prioritizes the anonymity of creators and their assets. All assets are encrypted, stored temporarily, and watermarked to confirm payment before downloading.
Render Network promises full transparency to creators and node operators. As indicated previously, blockchain payments make all creator-node operator interactions publicly verifiable on public ledgers. Consumers can pay according to their requirements and resources with a multi-tier pricing system.

Overview of RNDR

The RNDR token is an ERC-20 utility token used to pay for rendering services on the Render Network. These services include animation, motion graphics, and visual effects rendering. Node operators allow creators to rent out their extra GPUs and collect RNDR tokens in exchange for the time spent rendering.

The Render token also acts as the project's governance token. RNDR holders can submit and vote on development proposals. Each RNDR holder's decision weight is directly proportionate to their token holdings.

Tokenomics

Total supply: 532.073613 million
Total market capitalization: $2.9101 billion
In escrow* (for supply/demand flow back to the network) - 65%
RNDR Reserve: 10%
Public and private sale: 25%

3. Theta Network

The Theta Network is the most advanced blockchain-based decentralized cloud platform for artificial intelligence, media, and entertainment. It is a "dual network" comprising two complementary subsystems: the Theta Edge Network and the Theta Blockchain.

The edge network offers enormous GPU computational power for artificial intelligence, multimedia, rendering, and other jobs.

Theta blockchain, a multi-blockchain network compatible with EVM, supports Turing-complete smart contracts. This EVM support enables the development of various innovative Web3 applications. Some examples of such technologies are non-fungible tokens (NFTs), decentralized exchanges (DEXs) or DeFi, and decentralized autonomous organizations (DAOs), which have the potential to become inherent features of the next-generation AI media and entertainment.

Features

Theta makes its decisions using a proof-of-stake consensus mechanism. Therefore, users must lock in significant quantities of THETA tokens to process transaction blocks.

Here are a few main features of Theta Network:

Companies stake THETA tokens to perform transactions on the network. Google, Samsung, Sony, and Creative Artists Agency are just a few of the network's most well-known validator nodes.
Individuals must stake one million THETA tokens to participate in validator nodes, which are the network's security.
Securing validation at predetermined points is the responsibility of the community nodes, known as Guardian nodes. To offer an additional layer of security to the protocol, these users ensure that the transaction blocks generated by enterprise validator nodes perform appropriately. If a malicious block manages to bypass a validator node, a guardian node will prevent it from occurring. All that Guardian nodes require is a stake of one thousand THETA tokens.
Using edge nodes, users can relay video broadcasts and share their bandwidth for streams on Theta.tv. As a reward for their contributions to the network, they are given TFUEL tokens.

Overview of THETA

The Theta Network is designed using a dual token structure. The governance token is called the Theta Token. Users can stake THETA as a Validator or Guardian node, which contributes to the production of blocks and the control of the protocol throughout the Theta Network. Users who stake and run a node in the network get a proportional percentage of the newly minted TFUEL.

The Theta protocol's operating token is TFUEL, which stands for Theta Fuel. TFUEL is utilized for on-chain operations such as payments to Edge Nodes for artificial intelligence computing, video encoding/transcoding, 3D rendering, and deploying smart contracts.

Tokenomics

Total supply: 1 billion
Total market capitalization: $1.5121 billion
Private Sale: 30.00%
Team: 7.49%
Advisors: 1.23%
Partners: 12.50%
Network Seedings: 12.50%
Lab Reserves: 36.28%

4. The Graph

The Graph is a distributed and open-source network for indexing and querying blockchain data. This network allows users to gather, save, and analyze information from Ethereum (ETH) and other blockchain-based platforms.

In other words, it could be considered an umbrella organization encompassing all the blockchain industry’s key players. Using the Graph, developers can design dApps utilizing data from blockchains and smart contracts.

Features

The Graph addresses the problem of centralized blockchain data indexing and querying by offering a decentralized indexing protocol that automates the procedure. Here are a few more notable features:

It saves developers time and money and makes the process of indexing and searching blockchain data more efficient.
The Graph DAO provides a means for GRT holders to participate in The Graph Network's governance.
Using The Graph's indexing and query solutions guarantees that developers and contributors make decisions that influence the network, maintaining its decentralized nature and ensuring that the community drives it.
The Graph also provides security and transparency that centralized indexes cannot match because it is dispersed among several nodes.
Cybercriminals cannot breach the system because blockchain data is indexed and searched on a decentralized network.

Overview of GRT

GRT's value derives from its capacity to guarantee the successful execution of smart contracts. GRT is the only cryptocurrency utilized for network operations on the Graph Network.

Curators are rewarded with query fees for the subgraphs they signal; indexers receive a share of the query fees and incentives from the protocol, and delegators receive a fraction of the indexer fees for lending their GRT tokens.

All individuals who own and stake GRT tokens can participate in decisions that influence the network by voting on proposals that govern the platform's usage.

Tokenomics

Total supply: 10.799 billion
Total market capitalization: $2.089 billion
Early Backers: 16.52%
Backers: 17.32%
Early Team & Advisors: 23.24%
Edge & Node: 8.25%
Graph Foundation: 20.00%
GRT Sale: 6.01%
Testnet Indexer Rewards: 3.00%
Curator Program Grants: 2.99%
Educational Programs & Bug Bounties: 2.67%

5. Injective

Injective is a blockchain developed to bring innovation to finance. It is a layer 1 blockchain capable of interconnecting with other networks and simultaneously being eco-friendly to support complex dApps.

Every aspect of Injective's philosophy revolves around allowing anybody to create dApps. Furthermore, all sorts of financial markets, including spot, perpetual, futures, and options, are integrated into the blockchain.

Features

Injective, developed using the Cosmos Software Development Kit (SDK), significantly focuses on interoperability. It enables smooth communication with other IBC chains through Wormhole, expanding its interoperability to chains outside the Cosmos ecosystem. These chains include Ethereum, Solana, Klaytn, and others.

More notable features are mentioned below:

INJ is not only utilized as a utility token across the ecosystem but also throughout the Web3 financial world. In the case of a decentralized finance lending platform, for instance, INJ can be used as collateral through asset trading.
In addition, it is utilized as a payment method for transaction charges across the entire Injective ecosystem.
INJ is also the governance token, which enables holders to vote on ideas for the network. This enables every community member to actively participate in determining the network's future.

Overview of INJ

INJ is Injective's native utility token, and it serves various ecosystem functions. These functions include governance, token burn auctions, and staking on the Proof-of-Stake network.

One of INJ's primary goals is to ensure the network's safety through staking, with INJ serving as collateral to incentivize validators. In exchange for their contributions to the network's safety and reliability, participants who stake INJ get rewards.

Tokenomics

Total supply: 100 million
Total market capitalization: $1.95 billion
Private Sale: 17%
Team: 20%
Ecosystem development: 36%
Advisors: 2%
Binance launchpad: 9%
Seed sales: 6%
Liquid mining: 10%

6. Fetch.ai

Fetch.ai is a technology platform developed specifically for the artificial intelligence economy. The tools help you build, implement, and commercialize artificial intelligence services.

The platform allows users to turn old systems into AI-ready versions without requiring changes to the existing APIs. Additionally, Fetch.ai enables users to access various services through a single prompt and links different integrations to establish new services.

Features

Fetch.ai provides tools and appropriate architecture to facilitate the growth of a decentralized digital economy based on artificial intelligence. Below are some of the main features of the Fetch.ai:

The core of Fetch.ai is autonomous economic agents. These are autonomous systems that can carry out various activities, make judgments, and communicate with one another without any help from humans.
The agents are programmed to represent individuals, organizations, or technological objects to accomplish certain objectives. As an illustration, an agent may oversee a smart house's energy consumption, improve the supply chain's logistics, or enable decentralized trading in a prediction market.
Thanks to machine learning, the agents at Fetch.ai have more skills. These algorithms allow agents to gain knowledge from interactions and gradually enhance their performance. Agents can also adapt to new circumstances, anticipate market trends, and make educated judgments by studying data and seeing patterns.
Fetch.ai's open economic framework allows for the building and running of decentralized markets. This framework also allows agents to develop and participate in diverse economic models and has a wide range of applications.
The Fetch.ai platform encourages cross-sectoral innovation and cooperation in areas as diverse as healthcare systems, smart cities, transportation networks, and data exchange.

Overview of FET

Fetch.ai's internal economy is powered by FET, the platform's native cryptocurrency. To utilize the platform's services, Fetch.ai users must pay FET tokens. If users have staked their own FET, they also have governance rights by participating in the decision-making process for the Fetch.ai platform's future.

Tokenomics

Total supply: 2.63 billion
Total market capitalization: $1.31 billion
Foundation: 20%
Team: 20%
Others: 27.62%
Mining rewards: 15%
Future release: 17.38%

7. Akash Network

Akash Network is a new, innovative cloud computing service and an autonomous, open-source peer-to-peer market. It runs on the Cosmos network and is primarily an application-specific blockchain, or "app-chain."

It competes with standard cloud services by providing a more adaptable, safe, and affordable way to use cloud computing resources.

Features

Here are some features of Akash Network:

In a decentralized market, users can sell computing power they aren't using or bid on available computing power.
Smart contracts instantly match bids and offers on the network, ensuring that resources are used efficiently without a central authority.
The network uses smart contracts to match resources. This automates tasks and makes the market more efficient.
With blockchain technology built in, Akash Network provides a safe and open space for cloud services, with extra privacy and resistance to control benefits.
Akash Network offers a safe and private way to use the cloud because it works in a decentralized setting.

Overview of AKT

The AKT token powers the Akash network. It controls and protects the network, stores and trades value between users, and incentivizes people to join. AKT is used for transactions, control, and staking. It also serves as an incentive for proper network operation and participation.

Tokenomics

Total supply: 241.35 million
Total market capitalization: $721.22 million
Investors: 34.5%
Team & Advisors: 27%
Treasury & Foundation: 19.7%
Ecosystem awards & grants: 8%
Testnets: 5%
Dedicated to marketing budgets, PR, and vendors: 4%
Public Sale allocation: 1.8%

8. SingularityNet

SingularityNET is a revolutionary decentralized platform that is innovating the future of artificial intelligence (AI) and blockchain integration. Introduced in 2017, this groundbreaking platform's primary objective is to transform the process of creating, sharing, and monetizing AI services worldwide.

Its most important breakthrough is using blockchain technology to create an open, transparent, and accessible global artificial intelligence marketplace. The SingularityNET is an essential foundation encompassing many artificial intelligence capabilities, ranging from simple algorithms to complex machine learning models.

Features

One of its most notable features is that SingularityNET utilizes smart contracts to create an equitable ecosystem for all parties. Below are a few more notable features:

Users can pay for artificial intelligence services and goods on the market using AGIX.
Because AGIX is an ERC-20 token, developers can utilize the funds accumulated on other decentralized apps (dApps) based on Ethereum. They can even exchange these funds into fiat to be used in the real world.
Participating in staking sessions will allow users to increase their earnings while holding AGIX tokens and support the operations of this blockchain network.
The bridge allows users to move their tokens between several blockchains, including Ethereum and Cardano, supported by the platform.

Overview of AGIX

The native utility token of SingularityNET is called AGIX, and it has a variety of applications inside the platform environment. These include the following:

Payment for transactions that take place on a marketplace
Voting on various options for governance
Staking to earn rewards

Tokenomics

Total supply: 1.42 billion
Total market capitalization: $832.78 million
Token sale: 50%
Team: 18%
Foundation: 8%
Bounty program: 4%
Rewards for developers and early users: 20%

9. Ocean Protocol

Ocean is an open-source protocol that attempts to facilitate the interchange of data and data-based services between individuals and enterprises and monetize these services.

The Ocean protocol, built on top of the Ethereum blockchain, employs “data tokens” to control who may access certain data sets. Those who require access to the information can redeem the tokens as needed.

Ocean Protocol was established in 2017 by Trent McConaghy, an artificial intelligence researcher, and Bruce Pon. Pon had previously established BigChainDB, a blockchain database software firm.

Features

Here are a few features of the Ocean Protocol:

It has a decentralized marketplace that allows data to be exchanged between data suppliers and consumers and is equipped with smart contracts that guarantee the safety and effectiveness of transactions.
Ocean Protocol uses data connections to safely and effectively collect and combine data from various sources.
The term "smart contracts" refers to units of code that guarantee the safety and openness of transactions conducted on Ocean Protocol.
Participants are rewarded with OCEAN tokens for their efforts and are required to stake OCEAN tokens as collateral to guarantee the network's effective operation.
Node Operators: These individuals responsible for confirming and carrying out transactions on the Ocean Protocol network are paid with OCEAN tokens for their efforts. They play an essential part in the process.
Users who stake in OCEAN also contribute to the protocol's governance by voting on ideas for network upgrades to determine which initiatives should be advanced.

Overview of OCEAN

OCEAN is the native token of Ocean Protocol. Using OCEAN tokens, users can purchase and sell data tokens, participate in governance, and invest in the Ocean Market.

The primary use of OCEAN is its capacity to serve as the trade unit for datatokens. OCEAN and datatokens are also transferable for other ERC-20 tokens such as ETH, DAI, and many others.

Tokenomics

Total supply: 1.41 billion
Total market capitalization: $365.27 million
Network Reward: 60%
Founding Team: 20%
Pre-launch sale: 6.60%
Foundation: 5.00%
Public Sale: 4.00%
Seed Sale: 3.32%

*Please note that Fetch.ai, SingularityNET, and Ocean Protocol will be united as Artificial Superintelligence Alliance starting in July. All three tokens will be merged into a brand new ASI token. The original tokens will be exchanged at a preset rate accordingly.

10. Bittensor

Creating new models for artificial intelligence may be resource-intensive and costly. Additionally, it is exclusively available to a select group of businesses worldwide. This has resulted in the creation of a closed system in which a limited number of organizations and individuals can govern and define the future of artificial intelligence.

Bittensor is revolutionizing the creation of machine learning platforms by decentralizing the process and establishing a peer-to-peer market for machine intelligence. It allows the collective intellect of AI models to come together, culminating in the formation of a digital hive mind.

This decentralized method allows knowledge to be rapidly expanded and shared, analogous to an unstoppable library of information that expands exponentially. Bittensor is a company driving innovation and pushing the frontiers of machine learning. It does this by utilizing the power of dispersed networks and providing incentives for cooperation.

Features

Bittensor protocol creates a marketplace that allows the exchange of machine intelligence as a commodity. Establishing an open and easily accessible network encourages innovation from a global community of developers.

Below are a few more features:

The Proof of Stake (PoS) decision mechanism Bittensor used is not the same as the Proof of Work (PoW) mechanism used by networks like Bitcoin. In proof of stake (PoS), validators are picked based on how many tokens they are ready to "stake" as security to make new blocks and confirm transactions. This uses less energy than PoW in most cases.
The Bittensor is made up of nodes that are linked to each other by subnets. Each node runs its own software. These subnets talk to each other and work together like neurons in a brain.
Subnets must register before they can join Bittensor. Once they're registered, they can be either miners or validators. Miners provide AI services using their computers' power, and validators check that these services are accurate and of good quality. Both jobs are very important to the network's functioning.
The network is decentralized, meaning there is no one point of control, and duties are distributed among the devices of many miners.
As workers, miners offer machine-learning models to analyze data and generate insights.
With the help of a one-of-a-kind consensus method, the user is provided with the most appropriate collective response to the questions they have submitted.
Miners are rewarded with cryptocurrency tokens for their efforts, and consumers must spend tokens to use network services.

Overview of TAO

TAO is utilized to gain access to artificial intelligence applications and other models made on the Bittensor network. In the economic model, TAO tokens maintain a balance between supply and demand inside the network, aligning participants' incentives and enabling the exchange of value.

Here are a few use cases for TAO tokens:

Miners are required to stake TAO tokens to participate and gain rewards. This helps improve network security and ensures alignment with the network's aims.
Governance: Token holders can propose and vote on network modifications, which embodies decentralized control.
Transaction fees are paid to validators and miners with TAO tokens.
TAO tokens are used by users to pay for machine learning services, creating a marketplace for computational jobs.
Miners who provide computing resources for machine learning activities are rewarded with TAO tokens.

Tokenomics

Total supply: 6.97 million
Total market capitalization: $1.97 billion
Proof of Intelligence Miner: 50%
Validators: 50%

How to Buy These Tokens on CoinEx

CoinEx is a global cryptocurrency exchange trusted by 5 million+ users worldwide and has 100% reserve. Users can now trade quickly and seamlessly with its 1,000+ supported tokens, including the mentioned meme coins.

To purchase any token on CoinEx, follow the steps below.

Sign up for an account: Create a CoinEx account first.
Login to your account: Now fund it using deposit methods or cryptocurrencies. With funds in your account, you can quickly complete deals.
Go to the Trading Page for the Token: Once your account is funded, proceed to the specialized token's trading page on CoinEx. Use the search box to find your preferred token.
Choose a Trading Pair: Select the desired trading pair that matches another cryptocurrency. For instance, you may choose to trade RNDR/USDT.
Specify the Purchase Amount: Determine the quantity of the tokens you want to purchase. Input the amount into the trading interface, which will calculate the corresponding cost based on the current market price.
Execute the Trade: Execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.

Conclusion

AI has been all over the place in the last 5 years. This article briefly overviews the top 10 AI crypto projects in 2024. Some of the tokens are new, and some have been around for a few years. If you want to buy the tokens, follow the above steps on CoinEx.

Lastly, remember that this is not financial advice. This article is just an overview of tokens based on AI projects. So, do your research before investing in such coins.

To read more informative blogs like this, head to our blog section and learn more about trending cryptocurrencies.