Gate.io Blog Bull Market Rush Rises Again, How AI Drives New Narratives in Bull Markets?

Bull Market Rush Rises Again, How AI Drives New Narratives in Bull Markets?

23 May 13:09

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![](https://gimg2.gateimg.com/image/article/1716440699sdfx.jpeg)
##  [TL；DR]
Affected by the positive progress of <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETFs, the overall market stopped falling and turned higher; The AI sector has once again led the rise and demonstrated strong resilience.

The merger of AGI new coins in late this month, the possible iteration of OpenAI's ChatGPT model in June, and the contributions of companies such as NVIDIA indicate that the AI track will be positively impacted throughout the year.

Some new projects, such as Triathon PLAI Labs, Reiki, Kaito, and others, are making breakthroughs in improving data analysis efficiency and decentralization through innovative solutions, expanding AI's innovation boundaries in the crypto technology field.

## Introduction
Driven by a new round of market expectations, such as Navida Q1 sales doubling and positive progress in Ethereum spot ETFs, The AI sector once again occupies a significant position in the popularity ranking, becoming the focus of attention in the crypto market.

If we conduct an in-depth analysis of the narrative rhythm and price fluctuations of the top assets in the AI sector, it is easy to find that this track shows extremely high market resilience. This article will combine new AI projects to capture new trend opportunities for everyone.
 
## The AI Sector Leads the Rise, with New Narratives Bursting with Vitality
This week, the overall market stopped falling and turned higher due to the positive progress of Ethereum spot ETFs. The AI sector, which had shown extremely high resilience recently, led the market up, with gains second only to Layer2.
![](https://gimg2.gateimg.com/image/article/17164408261.jpeg)
Source: SoSo Value
 
It is not difficult to find that upon further investigation, The rapid growth in popularity of AI+Crypto projects is due to significant advancements in artificial intelligence technology and widespread social interest. As the most anticipated theme in various fields in 2024, AI is expected to generate a series of chain effects.

As early as February this year, when OpenAI released the text to video model Sora, the AI concept sector had already experienced a significant upward trend. Recent positive developments and actions by major technology companies in the AI field may also stimulate further growth of AI concept counterfeit coins in the crypto industry.

In terms of the market, AGIX, FET, and OCEAN synthetic tokens ASI will be released in late May, and there are also rumors that ChatGPT-5 will be released in June. At the same time, Apple's Global Developers Conference is scheduled for June 10, further enhancing the AI sector's market heat.

In addition, according to Cointelgraph, technology giant Microsoft is closely monitoring the crypto industry, especially the potential for blockchain technology and artificial intelligence to support and integrate. This indicates that in the future development of the technology industry, AI and blockchain technology may form a strong synergistic effect.

In addition to the AI+Infra that we previously focused on In addition to AI+Data, AI+DePIN, AI+chat, AI+DID, and AI+Game, many other cutting-edge AI+Crypto new projects have also emerged. The following text will briefly describe this, and we can also see the innovative changes in the AI track from it.
 
## Super AI：FET+AGIX+OCEAN=ASI
In late March this year, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), three top AI projects, launched a token merger proposal, which will merge tokens into ASIs owned by Superintelligence Collection, becoming one of the largest open source and independent participants in the field of artificial intelligence research and development.

Based on the approved proposal content, FET will become ASI with a total supply of 2.63 billion tokens and a starting price of $2.82. AGIX will migrate to ASI at an exchange rate of 0.433350 to 1, OCEAN will migrate to ASI at an exchange rate of 0.433226 to 1. Ultimately, ASI's valuation will reach $7.5 billion.
![](https://gimg2.gateimg.com/image/article/17164408502.jpeg)
Source: <a href="/price/fetch-ai-fet" target="_blank" class="blog_inner_link">Fetch.ai</a>
 
It is reported that, Superintelligence Collective will form a team chaired by Sheikh Goertzel serves as CEO, Pon and McConaghy represent the governance committee of Ocean Protocol. It is worth noting that these companies will operate separately and only collaborate in the activities of the ASI token economy ecosystem and Superintelligence Collection.

We have previously written several articles introducing these three top AI platforms: Fetch AI is a Web3 company that builds a decentralized multi-agent platform to deploy AI applications; SingularityNET provides a blockchain-based AI market and a democratic, inclusive, and beneficial Artificial General Intelligence (AGI) service framework; and Ocean Protocol is a decentralized data exchange platform that protects privacy.

In short, ASI New Coin will pioneer the merger of tokens in the crypto market, becoming the most anticipated AI event in May.

## AI+DeSci：Triathon
The combination of AI and DeSci is opening up new research and application fields. The large amount of detailed datasets generated by DeSci (Decentralized Science) can provide richer training materials for artificial intelligence models, making them more accurate, covering a wider audience, and spawning more innovative applications.

And Triathon is building such an "An AI for AI" ecosystem, training AI with AI and activating token GROW governance function. Each user can control the growth direction of AI Agent (AIA) through GROW and promote AIA to continuously train AI models dynamically.
![](https://gimg2.gateimg.com/image/article/17164408763.jpeg)
Source: Gate.io
 
Triathon will comprehensively build a trustworthy and controllable AI and DeSci (Decentralized Science) Integration system in the next stage. When establishing a trustworthy and controllable AI, Triathon will introduce AI+Fuzzy technology to control the functional boundaries of AI, and ensure the evolution of AIA towards a trustworthy and reliable intelligent autonomous system by implementing the dynamic AI training path set by Triathon.

And DeSci Integration, as the system that Triathon will build in the future, includes decentralized data markets GROW token-funded open source research, and user AIA governance DAO, and ensuring data privacy and security through privacy computing technology, to promote data sharing and collaborative development within the AI research community.
 
## AI+Search Engine: Kaito  
As an AI-driven Web3 search engine, Kaito recently released a beta version of a crypto search engine called "WHAT" based on LLM (Large Language Model), and provided potential users with access during the beta testing phase.
![](https://gimg2.gateimg.com/image/article/17164408954.jpeg)
Source: KAITO
 
Kaito emphasized that this "WHIT" search engine integrates Auto GPT technology, high-end large-scale language models (such as GPT-4), and Kaito's unique real-time crypto search function.
 
## AI+Social & Creator Economy: Reiki
Reiki is an AI native application creation assetization platform supported by the data intelligence network Web3Go. The Reiki AI Bot and AI Bot NFT Mint functions have been launched, with the former specifically designed to solve users' educational problems in the blockchain and crypto fields. Its functions include providing basic <a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a> Chain-related knowledge and tutorials, as well as in-depth data content on blockchain technology and market dynamics. The latter allows users to mint their created AI chatbots into NFTs, becoming AI native digital assets on the chain.
![](https://gimg2.gateimg.com/image/article/17164409145.jpeg)
Source: REIKI
 
## AI+Game+Social：PLAI Labs
PLAI Labs is a Web3 and AI social platform, and the first entertainment experience was based on the blockchain game Champion Ascension built on this platform.
![](https://gimg2.gateimg.com/image/article/17164409356.jpeg)
Source: PLAI Labs 
 
PLAI Labs is also building an AI protocol platform that will help handle all content from user-generated content (UGC) to matching 2D to 3D asset rendering.
 
## How Much Imagination Space is Left for AI+Crypto?
Undoubtedly, the AI crypto market worth over $42 billion will be the most explosive new narrative of this bull market.

OpenAI's ChatGPT model iteration The merger of AGI's new currency and the contribution of companies, such as NVIDIA, indicate that the AI field will be positively affected throughout the year.

We are delighted to discover that some new projects, such as Triathon PLAI Labs, Reiki, Kaito, and others, are making breakthroughs in improving data analysis efficiency and decentralization through innovative solutions. These projects are expanding the innovation boundaries of AI in the field of crypto technology, indicating that artificial intelligence and blockchain technology will jointly build more secure, efficient, and transparent systems.
![](https://gimg2.gateimg.com/image/article/17164409527.jpeg)
Source: CoinMarketCap
 
However, despite the promising prospects, many new projects also come with inherent risks, and investors should conduct in-depth research on the specific situation of each project when seeking potential excess returns.

In summary, in2024, a series of cutting-edge AI+Crypto projects will shape the industry landscape, with high attention paid to their innovation and application diversity. For investors, developers, and users, maintaining an understanding and adaptability to the development of AI cryptocurrency will help seize the progress, challenges, and opportunities in this promising interdisciplinary field.

<div class="blog-details-info">
<div>Author:**Carl Y.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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TL；DR

Introduction

The AI Sector Leads the Rise, with New Narratives Bursting with Vitality

Super AI：FET+AGIX+OCEAN=ASI

AI+DeSci：Triathon

AI+Search Engine: Kaito

AI+Social & Creator Economy: Reiki

AI+Game+Social：PLAI Labs

How Much Imagination Space is Left for AI+Crypto?

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Bull Market Rush Rises Again, How AI Drives New Narratives in Bull Markets?

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