Not every AI agent needs its own cryptocurrency: CZ
AI agents need to focus on utility over cryptocurrency issuance, as their cumulative market capitalization is down 61% from the peak $70.4 billion.
Artificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds.
AI agent-related tokens have significantly declined over the past month, as their cumulative market capitalization decreased by over 21% to the current $27 billion, according to CoinMarketCap data.
While their continued decline may be part of the broader crypto market correction, another reason could be a lack of focus on intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange.
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Author: Zoltan Vardai
