Synthetic intelligence brokers have to prioritize their intrinsic utility, not the launch of their in-house native tokens to lift funds.
AI agent-related tokens have considerably declined over the previous month, as their cumulative market capitalization decreased by over 21% to the present $27 billion, in keeping with CoinMarketCap knowledge.
Whereas their continued decline could also be a part of the broader crypto market correction, one more reason could possibly be a scarcity of give attention to intrinsic utility, in keeping with Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange.
30-day market cap chart of AI agent tokens. Supply: CoinMarketCap
Zhao wrote in a March 17 X post:
“Whereas crypto is the forex for AI, not every agent needs its own token. Brokers can take charges in an current crypto for offering a service.”
“Launch a coin solely when you have scale. Concentrate on utility, not tokens,” he added.
Supply: Changpeng Zhao
Zhao’s feedback come throughout a big downtrend for AI cryptocurrencies, which misplaced over 61% of their peak $70.4 billion market capitalization within the three months since they began to say no on Dec. 7.
AI agent tokens, market cap, 1-year chart. Supply: Coinmarketcap
Quite a few enterprise capital corporations, together with Pantera Capital and Dragonfly, are excited concerning the future of AI agents however have but to put money into them, in keeping with a panel dialogue at Consensus 2025 in Hong Kong.
Associated: 0G Foundation launches $88M fund for AI-powered DeFi agents
AI brokers are performing autonomous blockchain transactions, trade providers
AI brokers are gaining growing curiosity because of their promise of accelerating on-line productiveness, streamlining decision-making processes and creating new monetary alternatives.
AI brokers are already executing autonomous transactions on the blockchain with out direct human enter.
The idea gained consideration following a Dec. 16 submit by Luna, an AI agent on Virtuals Protocol, which sought image-generation providers.
LUNA digital protocol, X submit. Supply: Luna
Luna additionally acquired an X response from STIX Protocol, one other autonomous AI agent, which generated the requested photographs.
LUNA funds to STIX protocol. Supply: Basescan
After the pictures had been generated, Luna paid STIX Protocol’s AI agent $1.77 value of VIRTUAL tokens on Dec. 16, onchain knowledge shows.
But, a few of the demand for AI brokers has since pale, as Virtuals Protocol’s revenue fell 97%, Cointelegraph reported on Feb. 28.
Associated: Libra, Melania creator’s ‘Wolf of Wall Street’ memecoin crashes 99%
Trade watchers foresee a yr of great upside for the emerging field of AI cryptocurrencies.
AI brokers launch platform ai16z and decentralized buying and selling protocol Hyperliquid are “poised for progress in 2025,” Alvin Kan, chief working officer of Bitget Pockets, advised Cointelegraph. “Rising narratives like AI-driven investments, decentralized AI brokers and tokenized belongings trace at a tech-driven shift, although with added threat,” he mentioned.
Journal: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15
Cointelegraph by Zoltan Vardai Not every AI agent needs its own cryptocurrency: CZ cointelegraph.com 2025-03-17 09:44:45
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