Technology continues to surprise us with developments, and artificial intelligence (AI) already becomes a significant aspect of our daily lives. In the crypto world, AI agents are gaining traction, reaching over $14 billion market cap rapidly.
What are AI Agents in Crypto?
AI agents are projects that leverage artificial intelligence combined with machine learning to develop autonomous programs capable of making their own decisions, learning from experiences, and executing actions deemed best for a given situation. The AI agent trend began in 2024 with Truth Terminal, which managed to convince Marc Andreessen to donate $50,000.
How do AI Agents in Crypto Work?
The functionality of AI agents is complex. They gather information from various sources, analyze it, and use machine learning to decide which actions to take, whether it's making trades, managing crypto portfolios, or sending notifications. The entire process is conducted without human intervention, and AI agents learn from their mistakes to improve future actions.
Top 7 AI Agent Tokens in Crypto by Market Cap
Among the most renowned AI agent projects are Artificial Superintelligence Alliance (FET) with a $3.22 billion market cap and Virtual Protocol (VIRTUAL), combining AI with metaverse elements. Other major projects include ai16z (AI16Z), Freysa (FAI), Griffain (GRIFFAIN), aixbt by Virtuals (AIXBT), and Zerebro (ZEREBRO), each offering unique features and technologies within the crypto sphere.
AI agents are rapidly evolving in the crypto industry with unique applications. Despite being in the early development stages, their popularity is growing, suggesting potential integration into DeFi and Web3 applications. While facing challenges such as scalability and trust, AI agents have undeniable potential to change the industry's landscape.