To this optimism, Crypto AI projects such as Protocol, ICP, the graph, singularitynet and Render, which see monthly trading volumes will increase to 8 to 10 million dollars on Indian exchanges. Globally, the market capitalization of AI tokens increased from $ 2.7 billion to almost $ 30 billion in just one year.
But AI parts are not just a digital currency. They are AI agents based on real use cases and can act independently. Indian developers are not only exchanging them-they rely on them, contributing to the Open-Source Github standards, competition in hackathons and by publishing predictive data on platforms like Ocean Protocol.
Value and utility store
Cryptocurrencies are digital money – a reserve of value – which allows holders to buy or sell to make profits. But AI tokens allow investors to earn money not only by exchanging them but also by contributing to them.
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For example, Render is a platform where you can rent unused GPUs (graphic processing units) and win tokens. Meanwhile, on Fetch, developers can build and deploy AI agents on a market, which can generate income whenever they are used. “Unlike previous trends on the market such as the same parts, AI tokens are supported by real use cases, integrating AI capabilities such as automation, predictive analysis and fraud in blockchain ecosystems, said Sumit Gupta, Cofound Cofound Coindcx, India. cryptocurrency exchange.
He said it was more than a simple fleeting trend. “Their ability to carry out transactions independently and optimize processes makes it a convincing innovation, especially in decentralized finances,” said Gupta.
The media threshing around the tokens is becoming real. While the American investment company Grayscale recently moved 27% of its total crypto titles to the Bittensor Protocol (TAO) decentralized, Blackrock and Fidelity increased their exposure to cryptographic assets linked to AI.
According to Pitchbook, decentralized AI startups collected more money in 2024 than in the previous three years combined. Investors deployed $ 436 million in 2024, up almost 200% compared to 2023. And their donors involved A16Z, Binance Labs, Peter Theil’s Founders Fund, Reid Hoffman, etc.
The role of India in AI + Web3
“India is only positioned with its vast web3 and engineering talent, resulting from its solid engineering and computer base,” said Anuj Tandon, partner with American investors Bitkraft Ventures, adding that this concentration makes India an important player in the AI + blockchain space.
According to a Hashed Emergent report, India has contributed to 17% of all new web3 developers worldwide, with a growth of 28% in annual sliding on Github in 2024. It is the highest annual growth of developers worldwide, adding more than 4.7 million developers to Github.
“I believe that the next 24 to 36 months will be crucial because the first experiences will be tested for market validation,” said Tandon.
Risky investment
But there are risks with the AI operating without human intervention.
“The main risks of autonomous agents that carry out intelligent contracts and the approval of transactions include the potential for malicious activity, involuntary errors and vulnerabilities in the code,” said Alankar Saxena, technology director and co -founder of Crypto Exchange Mudrex.
Regulatory uncertainty also remains a challenge, because governments still assess executives for AI financial applications, said GUPTA de Coindcx.
“Safety can be considered a factor-like any software, AI systems can have vulnerabilities that hackers could exploit, leading to unauthorized transactions or financial losses,” said Balaji Srihari, vice-president of the Coinswitch exchange platform.
Another risk is responsibility. If an AI agent behaves unpredictably, he could become difficult to direct responsibility, “he said.
