AI-linked cryptocurrencies surge following Nvidia’s new platform announcement
- Cryptocurrencies associated with artificial intelligence, including Bittensor’s TAO, NEAR Protocol, and Internet Computer, saw a rally.
- The AI token category increased by approximately 4.8%, reaching a market value of around $14.17 billion.
- The broader crypto market, represented by the CoinDesk 20 index, rose by 2.86%.
- Nvidia’s upcoming platform is named NemoClaw and aims to enable enterprise software companies to deploy AI agents for multi-step tasks.
- Nvidia is reportedly in talks with major firms like Salesforce and Google for potential partnerships related to this platform.
The rise in AI-linked cryptocurrencies reflects growing interest in the sector as Nvidia prepares to launch NemoClaw, which will include security tools for enterprise use. This development aligns with Nvidia’s strategy to enhance its software ecosystem while solidifying its position in AI infrastructure.
Overall, the surge of about 4.8% in the AI token category indicates strong market confidence ahead of Nvidia’s developer conference starting March 17. (Source)
