Commonplace AI cryptocurrency IMGIn the category of coins related to big data and artificial intelligence, NAI is the top performance. The token that ignited the AI craze a year ago is surging once more following the conclusion of a seed investment round supported by leading venture capitalists.
AI crypto IMGNAI jumped by 50% on this announcement
The IMGNAI token of the self-titled AI project reached a local price peak of about $0.026 today, January 27, 2024, following a 50% pump. The news of a successfully closed seed round set off the unexpected rise. The platform received $1.6 million in funding from many well-known venture capital companies.
Hack VC spearheaded the funding round, with support from Rana Capital, Selini Capital, West Ham Capital, and dao5.
With further funding secured, the business is getting closer to launching Naifu, a “all-in-one virtual companion.” The new product will have the ability to respond to queries, work through challenging issues, and more. On the team’s website, they state that Naifu will undergo training on a wide variety of datasets, much as popular AI products like OpenAI’s ChatGPT.
IMGNAI was one of the “blue chips” of the Q1, 2023 AI cryptocurrency mania, as previously reported by U.Today. Its price increased 100 times in less than a month as a result of the frenzy surrounding AI-generated graphics.
The business also unveiled Nai, an image creation bot that is easy for beginners to use. It enables artists to produce graphics in a variety of visual styles even if they have no prior expertise with digital art.
AI crypto coins lead way for market recovery
In the last day, a number of other AI cryptocurrency saw double-digit increases in value in addition to IMGNAI. The 0x0 token of the safety tools platform powered by 0x0.ai AI surged by 21%, propelling the project’s valuation over $100 million.
The segment’s biggest cryptos, such as Render Network (RNDR), The Graph (GRT), and Internet Computer (ICP), are likewise doing well.
Over the course of the previous day, the segment’s worth rose by 5.55% to $21.6 billion in equivalent value. During the same period, the total capitalization of cryptocurrency marketplaces increased by 3.29%.
As U.Today reported earlier today, the U.S. Commodity Futures Trading Commission (CFTC) issued a warning regarding scam schemes that purport to employ storylines connected to artificial intelligence.
