Render

ZachXBT

Virtuals Protocol

<p>Changpeng Zhao echoed a growing sentiment among analysts, urging AI projects to take payments in existing tokens and only launch their own if they achieve significant scale.</p> 
<p>In his <a rel="nofollow" href="https://x.com/cz_binance/status/1901542080649781487" target="_blank">recent post on X</a>, Changpeng Zhao expressed an “unpopular opinion,” stating that not every AI agent needs its own token as agents can collect payments in existing tokens for their services. “Launch a coin only if you have scale. Focus on utility, not tokens,” he said.</p> 
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<p>According to <a href="https://coinmarketcap.com/view/ai-big-data/" target="_blank" rel="nofollow">CoinMarketCap</a>, the total market cap of AI &amp; Big data tokens has declined by approximately 22% in the past 30 days, currently at $27.44 billion. Many AI agents are down by double digits in the last month, with Virtuals Protocol (<a href="https://crypto.news/price/virtuals-protocol/">VIRTUALS</a>) declining by 42%, Render (<a href="https://crypto.news/price/render/">RENDER</a>) by 30%, and Near Protocol (<a href="https://crypto.news/price/near-protocol/">NEAR</a>) by 26%.</p> 
<p>However, these declines are likely driven by the broader crypto market downturn rather than a lack of utility, with macroeconomic factors—most notably Trump’s tariffs—playing a key role. The <a href="https://crypto.news/crypto-markets-flat-as-inflation-cools-trumps-tariffs-spark-uncertainty/">uncertainty over potential U.S. expansions of existing restrictions</a> recently sent stocks of AI chipmaker companies tumbling, with <a href="https://crypto.news/ai-tokens-market-cap-bleed-5-as-nvidia-stock-tumbles/" target="_blank">Nvidia’s stock</a> taking a significant 6% decline, adding further pressure on AI-related crypto tokens.</p> 
<p> You might also like: <a href="https://crypto.news/ai-tokens-market-cap-bleed-5-as-nvidia-stock-tumbles/"> AI tokens’ market-cap bleed 5% as Nvidia stock tumbles </a> </p> 
<p>Although the decline in <a href="https://crypto.news/ai-agents-total-market-cap-soars-over-12-in-24-hours-is-a-comeback-on-the-horizon/" target="_blank">AI tokens’ market cap</a> is driven primarily by macro factors, other experts echoed Zhao’s sentiment about the lack of utility of AI tokens. </p> 
<p>For example, Coinbase research analyst David Han <a href="https://coinbase.bynder.com/m/1bc34d14d28d8d4/original/MktIntel_2024-03-06_Ai.pdf" target="_blank" rel="nofollow">noted</a> that the recent price rallies in AI coins were driven mainly by hype rather than actual utility. He attributed the hype around these tokens to the broader focus on the AI industry.</p> 
<p>On-chain sleuth ZachXBT also <a rel="nofollow" href="https://x.com/zachxbt/status/1876091513475907690" target="_blank">claimed</a> that 99% of AI cryptos are scams, saying that while memecoins acknowledge their lack of inherent value, AI projects often market their tokens as if they had utility.</p> 
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   <p lang="en" dir="ltr">“Do you want to be right or do you want to make money”<br><br>99% of it is a scam and the AI agent wrapper grifts are probably worse than other past trends tbh.<br><br>bc at least meme coins promise nothing whereas AI coins try to larp as much as possible to appear legit to unsuspecting…</p>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1876091513475907690?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 6, 2025</a>
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<p> You might also like: <a href="https://crypto.news/ai-agents-total-market-cap-soars-over-12-in-24-hours-is-a-comeback-on-the-horizon/"> AI agents’ total market cap soars over 12% in 24 hours: is a comeback on the horizon? </a> </p>

Changpeng Zhao calls for AI agents to focus on utility instead of launching tokens

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