Posted 3/9/2024, 11:30:00 PM
Nvidia's Success Sparks Interest in Risky AI Crypto Tokens
- Nvidia stock has surged 80% this year, sparking renewed interest in AI crypto tokens like Fetch.ai (FET), which is up 300% in the past month
- Fetch.ai aims to create an open network and marketplace for paid AI services using crypto tokens
- It sounds similar to ChatGPT's new paid bot store, but it's unclear if Fetch.ai can appeal beyond early adopters
- While risky, Fetch.ai provides exposure to potential enterprise use of AI agents, like the Deutsche Telekom partnership
- For conservative investors, buying Nvidia stock could be a safer bet than speculative AI crypto tokens