Monday, December 23, 2024

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How NVIDIA is Fueling a Surge in Crypto Markets!

EconomyHow NVIDIA is Fueling a Surge in Crypto Markets!

The AI fever ignited by American semiconductor company Nvidia fuels excitement in the cryptocurrency market.

According to the virtual asset industry in the 20th, altcoins, especially those classified as AI themes, are experiencing a rise. As of 4:25 PM,

NEAR Protocol on Upbit is trading at approximately $6.32, a 7% increase from yesterday. This makes it the second-highest performer in terms of growth rate on Upbit.

NEAR Protocol is a fundamental Layer 1 platform capable of contracting various virtual asset market elements from decentralized finance (DeFi) to non-fungible token (NFT) marketplaces. It operates a blockchain ecosystem combined with AI, such as the recent launch of NEAR Tasks. This platform intertwines NEAR’s blockchain technology, which is applied.

Illia Polosukhin, CEO of NEAR Protocol, bolsters the ecosystem’s growth prospects. Polosukhin is a former Google AI engineer and co-author of the paper “Attention is all you need,” which is the basis of Chat GPT.

NEAR Protocol’s market capitalization is about $6.75 billion, and the total issued quantity is unlimited. On Bithumb, Delirium, an AI-based metaverse platform, showed about $0.24, up 18.07% from the previous day based on the same time.

This is ranked 6th among the virtual assets traded on Bithumb and the first among virtual assets with a daily trading amount exceeding about $8.43 million.

Delirium is a platform where users can use virtual identities on the blockchain to engage in various scenarios, including games, communities, and media platforms.

This platform integrates intelligent AI integration and customized tokenomics through a decentralized game publishing structure.

Zangle reports that Delirium’s market capitalization is approximately $177 million, and about 45% of the market’s Delirium tokens (AGI) are traded on Bithumb.

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