Multiple projects lead the market, is AI season coming? A look at the recent progress of 12 popular Web3 AI projects

Multiple leading Web3 AI projects are experiencing significant growth and strategic developments, indicating a potential "AI season" in the crypto market. Here is a summary of recent progress for 12 popular projects:

  • WorldCoin (WLD): Gained momentum after a $250M private placement and strategic investment to launch a treasury strategy. Its token price rose ~123.6% in 30 days.
  • Bittensor (TAO): Multiple public companies announced plans to establish TAO reserves. A physically-backed TAO ETP is planned for European stock exchanges.
  • Story Protocol (IP): Achieved major breakthroughs, including a Grayscale trust fund and a listing on Revolut. Launched a strategic reserve program with a $82M repurchase plan.
  • Virtuals Protocol (VIRTUAL): Partnered with the Ethereum Foundation for an AI hackathon and upgraded its Genesis launch model with a new staking system.
  • Kaito AI (KAITO): Reported $40M in annualized revenue for H1 2024. Launched new products like a Web3 crowdfunding platform and announced ecosystem incentives.
  • OpenLedger (OPEN): A blockchain for AI language models that recently launched on multiple exchanges, including Binance and Bithumb, surging 231% post-listing.
  • Codatta (XNY): Incubated by KITE AI, it was selected for Binance programs and listed on Binance Futures. Advanced its data infrastructure through partnerships.
  • FLock.io (FLOCK): Partnered with a Nasdaq-listed company to develop an AI health product and secured listings on major exchanges like Upbit and Coinbase.
  • Sapien (SAPIEN): A Base-based AI data project led by a former Base co-founder, recently listed on Binance Alpha and Coinbase.
  • MyShell (SHELL): Integrated advanced AI models and launched a hackathon. Its platform has over 1.4M registered users.
  • CreatorBid (BID): An AI Launchpad with significant transaction volume. Continuously optimized its features for decentralized curation and custom issuance.
  • Quack AI (Q): An AI governance protocol that secured funding and unveiled its token economics, followed by a Binance Alpha listing.

Overall, these projects are driving innovation through product development, strategic partnerships, exchange listings, and treasury initiatives, contributing to the growing intersection of AI and blockchain technology.

Summary

By Nancy, PANews

A few months ago, the White House unveiled a radical AI action plan, unabashedly challenging global AI supremacy. At a subsequent dinner, tech giants like Microsoft, Google, Apple, OpenAI, and Meta gathered and generously pledged financial contributions to pave the way and seize policy dividends. Artificial intelligence continues to intensify, and the crypto-AI sector is taking the lead.

In this article, PANews lists 12 Web3 AI projects that have seen significant growth in recent times. Most of them have achieved substantial increases and have actively deployed in product iteration, ecosystem construction, exchange listing, and token treasury strategies (DAT).

WorldCoin (WLD)

On September 8th, US-listed Eightco Holdings (OCTO) announced a $250 million private placement and a $20 million strategic investment from BITMINE to launch the world's first Worldcoin (WLD) treasury strategy. Renowned Wall Street tech analyst Dan Ives, known for his numerous tech-stock-promoting pronouncements and the recent launch of the IVES AI-themed ETF, will serve as OCTO's chairman of the board.

Since the release of the treasury plan, OCTO's stock price has reached a high of $77.92, a 5,348% increase, with a current market capitalization of $122 million. Meanwhile, data from Coingeco shows that the WLD token has risen approximately 123.6% over the past 30 days, with its price briefly exceeding $2 and a market capitalization exceeding $3.94 billion.

Bittensor (TAO)

In recent months, several publicly traded companies, including xTAO, TAO Synergies, and Oblong, have announced strategic plans to establish TAO reserves, the Bittensor token. Meanwhile, Swedish cryptocurrency service provider Safello recently announced plans to launch Europe's first physically-backed TAO ETP, which will be listed on the Swiss Stock Exchange, Euronext Paris and Amsterdam, and the German Stock Exchange, with consideration for a listing on Nasdaq Stockholm.

CoinGekco data shows that TAO has risen by about 5.9% in the past seven days, with a market value of nearly US$3.25 billion.

Story Protocol (IP)

Story Protocol initially focused on L1 for intellectual property management, and later launched TCP/IP for AI agents, enabling autonomous interaction, negotiation, and IP trading between AI agents.

The Story Protocol ecosystem has recently achieved multiple breakthroughs. At the end of July, Grayscale announced the launch of the Story Protocol Trust Fund, providing qualified investors with exposure to the protocol's native IP token. Subsequently, the IP token was officially listed on the UK digital bank Revolut, providing users in the European market with a convenient trading channel. IP tokens have also recently become popular in the Korean market, with trading activity at one point jumping to the second-largest currency on the Upbit exchange.

Last month, Story also launched a strategic reserve program with Nasdaq-listed Heritage Distilling, backed by a16z Crypto, Selini Capital, Amber Group, Arrington Capital, and others. Story announced that it would use 100% of the $82 million raised through its PIPE financing to purchase IP tokens. The repurchase program will be executed on the open market until November 16, 2025. Currently, Heritage Distilling has completed a $223.8 million private placement and holds $320 million worth of IP tokens. Notably, Story co-founder Jason Zhao also resigned that same month, joining the company as a strategic advisor.

CoinGekco data shows that IP has risen by about 32.3% in the past seven days, with a market value of nearly US$3.13 billion.

Virtuals Protocol (VIRTUAL)

Virtuals Protocol has also recently made new progress. In July of this year, Virtuals Protocol announced a joint "Ethereum is for AI" hackathon with the Ethereum Foundation, covering five key areas: robotics/decentralization, privacy, consumer, research, and DeFi AI. Subsequently, Virtuals Protocol announced an upgrade to its Genesis launch model, aiming to balance demand and fairness by introducing a three-tiered staking system, allowing users to participate in top AI projects at appropriate valuations.

CoinGekco data shows that VIRTUAL has risen by about 21.4% in the past seven days, with a market value of over US$830 million.

Kaito AI (KAITO)

According to Kaito's latest announcement, it achieved annualized revenue of approximately US$40 million in the first half of this year, becoming one of the highest-grossing AI applications in the encryption field.

In the past two months, Kaito AI has continued to make significant strides in product development. In July, Kaito AI announced that it would add top crypto-related stocks to the MindShare heatmap on Kaito Pro. That same month, Kaito AI officially launched Capital Launchpad, a Web3 crowdfunding platform similar to the on-chain crypto angel investment platform Echo, supporting investors in early-stage, high-potential crypto projects. In August, Kaito further optimized its platform ecosystem, launching an upgraded ranking mechanism focused on strengthening content quality and anti-cheating measures to enhance the platform's fairness and credibility. The following month, the platform announced its H1 roadmap update and future growth plans, including the launch of Kaito Venture and the use of a strategic reserve of 6 million KAITO to incentivize ecosystem development.

CoinGekco data shows that in the past 7 days, KAITO has risen by about 32.8%, with a market value of more than US$320 million.

OpenLedger (OPEN)

OpenLedger is a blockchain network for dedicated AI language models (SLMs). It has built a permissionless, data-centric infrastructure for artificial intelligence development and has received $8 million in seed round funding led by Polychain Capital and Borderless Capital.

Since September, OpenLedger has launched Binance Wallet Booster, Binance HODLer, and Binance Alpha. Meanwhile, South Korean exchanges Bithumb and Upbit have also announced the launch of OPEN.

CoinGekco data shows that OPEN has risen as much as 231% since its recent launch, with a market value of approximately US$310 million.

Codatta (XNY)

Codatta, a full-stack data protocol incubated by the KITE AI ecosystem, is the first project of Binance Wallet's exclusive Booster and Pre-TGE program. It was selected for the BNB Chain Season 8 MVB Accelerator Program. Last month, Binance Futures also announced the listing of the Codatta token, XNY.

In recent months, Codatta has continued to advance the development of decentralized AI data infrastructure through ecosystem collaborations, investment support, and incentive programs. For example, Codatta has partnered with XPIN Network, Hooked Protocol, and FLock.io; secured investments from NGC Ventures and KuCoin Ventures; and launched Booster-related seasonal events and a launch airdrop.

CoinGekco data shows that XNY has risen by about 46.3% in the past seven days, with a market capitalization of more than $96 million.

FLock.io (FLOCK)

In August, Nasdaq-listed CIMG announced a strategic partnership with FLock.io, signing a memorandum of understanding (MoU). The two parties will establish a FLOCK token treasury reserve (DAT) and, leveraging FLock's privacy-preserving AI technology, jointly develop LifeNode, an AI-powered health monitoring and intelligent recommendation product. FLock.io has also recently partnered with HKGAI, the Hong Kong government's sole AI R&D center; Walrus Protocol, a blockchain storage protocol; and the United Nations Development Programme (UNDP).

Recently, major exchanges Upbit, Coinbase, and Binance announced the launch of spot and contract trading for FLOCK, the token of the decentralized AI training platform FLock.io, driving a surge in its price. CoinGekco data shows that over the past 30 days, FLOCK has risen approximately 47.7%, reaching a record high of $0.66, with a market capitalization of approximately $87.3 million.

Sapien (SAPIEN)

Sapien, a decentralized AI data infrastructure project based on the Base ecosystem, is led by former Base co-founder Rowan Stone and has secured $15 million in seed funding from investors including Variant, Primitive Ventures, and Animoca Brands. Sapien was recently listed on Binance Alpha and Coinbase.

CoinGekco data shows that SAPIEN has risen 39.3% in the past seven days and its current market value is approximately US$54.8 million.

MyShell (SHELL)

Recently, MyShel launched the second round of Binance HODLer airdrops and was shortlisted for the BNB Chain 2025 Annual Award.

On the product front, MyShell integrates the Grok 4 and Kimi K2 models, providing creators with cutting-edge AI technologies and components. The project also launched ShellAgent 2.0, enabling one-click AI application generation and sharing of creative work on social networks, with over 1.4 million registered users. MyShell recently launched the ShellStorm hackathon and launched the MyShell Pass subscription, which unlocks faster and more stable AI features and advanced image and agent generation capabilities.

CoinGekco data shows that in the past 7 days, SHELL has risen by about 16.6%, with a market value of approximately US$35.6 million.

CreatorBid (BID)

According to the Al Launchpad project CreatorBid, as of now, the platform's total transaction volume has reached 2,809 ETH, with approximately 2,474 independent bidders.

CreatorBid has been continuously optimizing its features. For example, it launched a curator program, aiming to decentralize curated issuance while maintaining high quality. It also discontinued BID's legacy issuance system. The new system will leverage SONAR to introduce data-driven, activity-based incentives, combining social content and on-chain actions to distribute rewards, aiming to directly improve token health and ecosystem revenue. CreatorBid also added custom issuance and open access features, enabling flexible and efficient issuance for projects on CreatorBid. In the next phase, CreatorBid aims to boost ecosystem vitality and solidify BID as a core pillar by expanding its user base, gamifying the experience, and strengthening the token economy.

CoinGekco data shows that BID has risen by 63.2% in the past seven days, with a market value of approximately US$38.8 million.

Quack AI (Q)

Quack AI, an AI-powered governance protocol, announced at the end of July that it had secured $3.6 million in funding from investors including Animoca Brands. In early September, Quack AI unveiled its Q token economics, with a total supply of 10 billion and an initial circulating supply of 16.16%. Subsequently, Binance Alpha and Binance Futures announced the launch of Quack AI.

CoinGekco data shows that Q has risen about 18.3% in the past seven days and its market capitalization is now $23.1 million.

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Author: Nancy

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

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