In 2023, venture investors shifted their focus to projects in the fields of Web3 and artificial intelligence, finding that more than 11% of total venture capital was allocated to startups in the blockchain industry and utilizing Web3 tools.
Projects at the intersection of blockchain and AI garnered particular interest, with over $637 million invested in this area last year.
GitHub data shows a significant increase in research and patents related to these technologies over the past five years.
The value of digital currencies representing AI projects has also risen, with the top 15 tokens reaching a total market capitalization of $12 billion by the end of 2023.
The market for tokens associated with AI projects saw a 443% increase in value, outpacing the overall crypto market’s 108% growth in 2023.
