AI, Big Data Crypto Market Sector Grows 300%
In the midst of a difficult cryptocurrency market, certain sectors have shown impressive year-to-date (YTD) development in terms of market capitalization.
Notably, according to the latest data shared with Finbold by leading crypto data platform CoinMarketCap in its CMC H1 2023 report on July 19, the artificial intelligence (AI) and Big Data sector stands out as one of the top 10 sectors experiencing significant market cap growth within the crypto space in 2023.
In the first half of 2023, the VR/AR sector experienced the largest market cap growth at 704%, followed by AI & Big Data at 323%. Decentralized finance projects and infrastructure experienced strong resurgence, with Lending & Borrowing, Derivatives, Storage, and Interoperability showing significant growth rates. Memes, AI & Big Data, and DeFi sectors showed significant innovation.
AI & Big Data sector has gained visibility in 2023 with OpenAI’s ChatGPT launch and xAI’s success.
(With inputs from Shikha Singh)
You need to login in order to Like
