AI tokens increased in price on the first day of the World Artificial Intelligence festival

The World AI Cannes Festival, where more than 50 Artificial Intelligence projects will share their latest updates, opened on Thursday. AI Festival Could Be a Catalyst to Drive Returns of Leading AI Assets Like Render (RNDR), Akash Network (AKT), Fetch.ai (FET), Original Trail (TRAC) and Ocean Protocol (OCEAN) , along with many other assets.

AI tokens increase in price on the first day of the Artificial Intelligence festival

The opening of the Cannes AI World Festival spurred growth in top AI cryptocurrencies on Thursday. RNDR, AKT, FET, TRAC and OCEAN increased between 3.1% and 3.9% in the last 24 hours.

AI cryptocurrency projects have seen strong gains in the past 24 hours. Source: CoinGecko

The story of Artificial Intelligence is becoming increasingly relevant to market participants. Ethereum co-founder Vitalik Buterin recently commented on combining AI with cryptocurrency and urged developers to be careful.

Buterin warns developers against potential pitfalls in the interaction between cryptocurrency and AI technology, and divides the potential overlap into different categories. According to Buterin, the most viable ones will receive human input and use AI detection or interpretation capabilities. AI can help DAOs make subjective decisions with the help of AI.

Cryptocurrency expert and founder of AI-based research studio Ambush, Rodrigo Ferro, has stated that people are not optimistic enough about AI tokens, in his opinion. This expert believes that the innovation of the Large Language Model (LLM) alone is one of the most exponential growth curves.