In Q3 2024, crypto venture capitalists invested $213 million into artificial intelligence (AI) projects, a 340% year-over-year increase. This massive surge reflects the growing intersection between AI and the crypto space, with discussions about AI dominating over 50% of investor conversations in recent months.
VCs Focus on AI and DePin Sectors
According to Messari’s report, AI-related investments in Q3 jumped by 2.5x compared to Q2, with AI projects now being integrated across various sectors such as decentralized finance (DeFi), social media, and decentralized physical infrastructure (DePin). This shift signals a strategic move by investors to position themselves for future growth, as AI becomes a driving force in the crypto industry.Nvidia’s Impact on AI and Crypto
The rise in AI interest coincides with Nvidia’s stock price surge, which has soared by 190% year-to-date. Nvidia’s success is seen as a strong indicator of AI’s future potential, both within and outside the crypto world. With AI token market caps reaching $36.7 billion, crypto VCs are betting on AI to drive the next wave of innovation in the sector.
Read the full article on
coinpaprika.
