With a fundraising of over $2 billion and a total FDV of over $63 billion, this picture gives you a quick overview of the panorama of 178 encryptionAI projects.

Author: Dima Khanarin

Compiled by: DeepTech TechFlow

The combination of Crypto and AI is rapidly developing. After Devcon, I have compiled a map covering all known projects, aiming to help everyone better understand the current situation in this field.

This map divides the project into the following three categories:

Application (Apps)

Middleware

Infrastructure (Infra)

Each category contains financing data and information on tokens that have been listed.

1. Applications (31 projects, total financing exceeds 2.4 billion US dollars, 8 Tokens have been launched, total FDV exceeds 30 billion US dollars):

1.1) Decentralized Finance applications

6 projects, raised 1 million US dollars, currently no tokens are online.

Including @rug_ai, @RPS_Labs, etc.

1.2) Chatbot

4 projects, 1 Token has been launched, with a total FDV exceeding 10 million US dollars.

Such as @Libertai_DAI, etc.

1.3) Payment Application

6 projects, raising $33 million, currently no tokens are listed.

Representative projects include:

@PaymanAI (raised $13.8 million);

@trySkyfire (raised $9.5 million in funding);

@BitteProtocol (raised $7.5 million in funding), etc.

1.4) AI intelligent agents and influencers

More than 10 projects, 10+ Tokens have been listed, with a total FDV exceeding 3 billion US dollars.

Including TT, ai16z, Zerebro, @centienceio, etc.

1.5) Engineering and Safety

4 projects, raising $33 million, with 2 Tokens already launched, total FDV exceeding $200 million.

For example:

@Chain_GPT ($CGPT, FDV 120 million US dollars);

@FortaNetwork（$FORT, FDV 1 billion USD）;

@MetaTrustLabs (raised $10 million) and so on.

1.6) Consumer Applications

6 projects, raised $12 million, 2 tokens have been launched, with a total FDV of over $100 million.

Including:

@aiarena_（$NRN, FDV 80 million US dollars）；

@bottoproject（$BOTTO, FDV 6000 million dollars）等。

1.7) Intelligent Tools

4 projects, raised 1.63 billion dollars, already launched 2 Tokens, total FDV exceeds 20 billion dollars.

For example, Arkham Intel ($ARKM, FDV 20 billion USD), Kaito, Dune, and Messari.

2. Middleware (106 projects, total financing exceeding 800 million US dollars, 25 tokens have been listed, total FDV exceeding 18 billion US dollars):

2.1） Training and Collaboration

16 projects, raising 1.2 billion US dollars, 4 Tokens have been launched, with a total FDV exceeding 100 billion US dollars.

Including well-known Bittensor and Sentient, as well as @assisterr, @Pluralis__, etc.

Tradable Token includes:

@Dither_Solana($DITH, FDV 10 million US dollars);

@hyper_tensor ($TENSOR, FDV $25 million);

@communeaidotorg（$COMAI, FDV 2 billion dollars）.

2.2) Inference Service

17 projects, raising $57 million, 2 Tokens have been launched, with a total FDV exceeding $50 million.

For example:

Allora Network (raised $35 million in financing);

@OpenGradient (raised $8.5 million in financing);

@hyperbolic_labs ($7 million in financing);

And small teams like @openex_network ($OEX, FDV $45 million).

2.3) Data Platform and Monetization

23 projects, raised $240 million, 7 Tokens have been launched, with a total FDV exceeding $1 billion.

Many well-funded protocols:

Story Protocol (raised $134.3 million);

Space and Time (raised $50 million);

@SaharaLabsAI (raised $43 million);

Ocean Protocol（$OCEAN, 5 billion USD FDV）;

Vana (raised $25 million);

Hivemapper ($HONEY, $5 billion FDV).

2.4) Privacy Protection

14 projects, raised 2.5 billion US dollars, launched 2 Tokens, total FDV exceeds 8 billion US dollars.

For example:

Zama (Funding 8230 million US dollars);

Oasis Protocol （$ROSE, FDV 8 billion USD） and so on.

2.5) Intelligent Agent Platform

24 projects, raised 1.75 billion US dollars, launched 6 Tokens, with a total FDV exceeding 65 billion US dollars.

Including:

Fetch AI ($FET, FDV 35 billion USD);

@Spectral_Labs ($SPEC, FDV $1 billion);

@virtuals_io ($VIRTUAL, FDV 4.5 billion US dollars);

@autonolas（$OLAS, FDV 8.5 billion） ；

@MorpheusAIs（$MOR, FDV 8 billion）.

2.6) Research

3 projects, financing of 5 million US dollars, currently no tokens listed.

These projects focus on cutting-edge research in the AI and blockchain fields, representing teams including @NousResearch, @physynAI, and @peri_labs.

2.7) Data Collection and Labeling

9 projects, raised 30 million US dollars, launched 1 Token, total FDV exceeding 1.2 billion US dollars.

Representative projects include:

@getmasafi ($MASA, FDV 1.26 billion US dollars);

@din_lol_ (Funding $8 million);

@KivaAi（融资 700 万美元）。

3. Infrastructure (a total of 41 projects, with a total financing of over 10 billion US dollars, 24 Tokens have been launched, and the total Fully Diluted Valuation (FDV) exceeds 420 billion US dollars)

3.1) Computing Resources (Compute)

22 projects, raising 2.12 billion US dollars, have launched 14 Tokens, with a total FDV exceeding 110 billion US dollars.

Representative projects include:

Gensyn (Financing $50 million);

Render ($RENDER, FDV 40 billion US dollars);

@HiveDistributed (raised 13 million dollars);

@PhalaNetwork ($PHA, FDV 125 million US dollars);

Aethir ($ATH, FDV $26 billion);

@fluence_project($FLT, FDV 2.5 billion dollars);

@SpheronFDN（700 万美元）；

@akashnet($AKT, FDV 10 billion dollars);

@nosana_ai（$NOS, 33 million USD FDV）;

@Neura_io ($ANKR, FDV $34.2 million);

@RunOnFlux（$FLUX, FDV 2500 million） and so on.

3.2) AI专用链 (AI Chains)

10 projects, with a total funding of 3.57 billion US dollars, have launched 4 Tokens, with a total FDV exceeding 90 billion US dollars.

Representative projects include:

@OG_network ($325 million raised);

Autonomys (Funding $33 million);

io.net ($IO, FDV $1.8 billion);

@golemproject ($GLM, FDV $370 million);

Ora ($ORAI, FDV 1.2 billion US dollars).

3.3) Data Storage

8 projects, financing 3.74 billion US dollars, 5 Tokens have been launched, with a total FDV exceeding 100 billion US dollars.

Representative projects include:

GenesysGk (financing $43 million);

@storj ($STORJ, FDV 2.1 billion dollars);

Ceramic Network (raising 30 million US dollars);

@Rivalz_AI（1100 万美元；

@AIOZNetwork($AIOZ, FDV 9 billion dollars);

@ArweaveEco ($AR, FDV $1.2 billion).

3.4) Proof of Humanity

This category, represented by WorldCoin, raised $1.15 billion, Token $WLD, with a total FDV of up to $220 billion.

Why do I have to do this huge analysis work?

My original intention is to help venture capital (VC) and encryption enthusiasts discover potential hot Tokens, while also hoping to deconstruct the current market frenzy:

Is there enough funding in this area?

Do all categories have strong protocol support?

Besides AI concept coins, are there any real market attractions?

From the current situation, the answer is basically negative:

Funds are still insufficient - 2 billion dollars is insignificant for a fast-growing field.

Competing with centralized labs in AI stack development is very challenging.

Most projects’ market appeal still remains at the speculative stage and hasn’t yet seen mature applications.

Currently, funds are mainly concentrated on infrastructure and middleware - but this situation will change with the development of the ecosystem.

I agree with a16z’s view: in the next few years, value will gradually shift to the Application Layer.

Finally, the entire Crypto x AI economy will be Cross-Chain Interaction, and supported by @EverclearOrg.