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Welcome to another issue of Geek AI.

Today we'll be discussing why AI-focused crypto tokens are red hot right now.

While we have no intention of turning this into a crypto-investing newsletter, the AI space is pretty boring right now. And because of that, we thought we'd turn our attention to one of the more overlooked aspects of the AI industry.

Let’s dive in.

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*We should preface this content by highlighting the fact crypto investing can be extremely risky, including the risk of you losing 100% of your investment. This information is meant for educational and entertainment purposes only, and should not be interpreted as financial advice.

If you know anything about crypto, you know narratives drive cycles.

What's a narrative?

Without getting technical, a narrative is a story of sorts. But not a "Once upon a time..." kind of story. Instead, it's one that's being written in real time.

A narrative refers to whatever a large group of people - in this case crypto investors - are paying attention to.

In the past, hot narratives in the crypto space have included:

• DeFi Summer
• Dog Coins
• Layer 1s
• ETH Layers 2s
• NFTs
• Meme Tokens
• Liquid Staking Derivatives
• And more

While this may sound like a foreign language, each of these describes a segment of crypto tokens/investments that - at some point in time - captured the lion's share of the industry's attention.

And while it won't come as a surprise to you - our loyal readers and AI enthusiasts - artificial intelligence has taken the crypto industry by storm.

Admittedly, most of the AI-focused projects are nothing more than hype surrounding flimsy promises.

At the same time, some have found ways to combine blockchain technology (which underpins crypto) with artificial intelligence to solve real-world problems.

Take Bittensor.

While the project is pretty technical, the layman's version is that Bittensor is working to distribute access to Machine Learning technology (which underpins all AI programs) by putting it on the blockchain.

Who cares?

Well, as many people have noticed, there's an increasing amount of evidence showing today's top AIs - including OpenAI's ChatGPT and Google's Gemini - are heavily biased toward left-leaning political ideologies.

Given AI will become just as fundamental to society as the Internet and electricity are today, there's a growing chorus of people who believe artificial intelligence should be open-source and free from political bias.

Further, given the GPUs required to run AI models cost anywhere from 5-6 figures (and will likely breach the $1,000,000 mark soon), the general public has been priced out of fine-tuning and building their own models.

Instead, power over AI is being concentrated in the hands of tech behemoths like Google, Meta, Microsoft and OpenAI. Most of which have a checkered past (and dozens of lawsuits) when it comes to everything from political donations to privacy lawsuits and more.

So, it should come as no surprise Bittensor has exploded over the past year, growing from being virtually unheard of to achieving a $4.4B market cap.

Same goes for Render ($RNDR).

If you've never heard of them, Render allows users to pool their unused GPU resources (e.g. someone could allow the network to tap their computer's unused RAM while they're sleeping).

While both companies take a different approach to the same problem (prohibitively expensive GPUs), what makes Render unique is that they allow users to access processing power on an as-needed basis.

Meaning, rather than spending 5-6 figures to buy your own GPU (which 99% of people can't do), you could tap into the Render network to buy processing power whenever you need it.

More important, these are real companies building real solutions.

Unlike dog coins or meme tokens, which have zero real-world utility and are insanely risky, projects like Render and Bittensor are working to create solutions for big-picture, real-world problems.

Admittedly, just because they're real companies working to solve real problems does not guarantee they'll succeed long-term.

Further, there are plenty of people creating worthless "AI tokens" to cash in on the AI craze. And because of that, you have to be hyper-vigilant if you're going to invest in this stuff.

However, when you understand the fact crypto cycles are driven by narratives, it makes sense that legitimate AI tokens are performing so well right now.

Just remember: These aren't stocks.

Crypto investments are not protected by the SEC and there are cases where users have lost literally 100% of their investments.

So if you go down this path, be vigilant and do your research.

💡Wrap Up: Crypto investing is driven by narratives, and Artificial Intelligence is one of the biggest narratives in the tech space right now. Because of that, it makes sense AI-focused crypto tokens are performing well.

🤔Thought-Provoking Question: Assuming you're open to investing into crypto, would you ever buy an AI-focused token?

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