Cryptocurrencies associated with artificial intelligence have experienced notable gains following remarks made by Nvidia CEO Jensen Huang at the company’s GTC developer conference. Huang outlined a vision for the future of AI infrastructure, predicting substantial demand for chips and emphasizing the role of AI in various sectors.
Among the cryptocurrencies that saw significant increases is NEAR, which rose over 10% within a 24-hour period, reaching its highest value since late January. The FET token from the Artificial Superintelligence Alliance surged by as much as 20% during the day, although it later adjusted its gains. The WLD token, linked to a project co-founded by OpenAI CEO Sam Altman, also saw a rise of approximately 10%, trading near $0.40, marking its strongest performance since early March. Additionally, the GRASS token, associated with a decentralized network for monetizing unused internet bandwidth for AI training, surged by 13%, reaching new highs for 2026.
During his keynote, Huang reiterated Nvidia’s pivotal role in the ongoing AI boom, forecasting a backlog in chip demand amounting to around $1 trillion through 2027. He noted that hyperscale cloud providers are expected to constitute about 60% of Nvidia’s business. Huang also discussed the emergence of agentic AI systems, highlighting the OpenClaw project, which has gained popularity among developers in recent weeks. Nvidia is reportedly working on an enterprise-ready version of this system, called NemoClaw, aimed at ensuring the safe deployment of autonomous AI agents in corporate environments.
While Huang did not directly mention cryptocurrencies during his address, many blockchain projects are increasingly betting on the integration of crypto technologies to facilitate transactions and coordination among AI agents. These initiatives are striving to establish decentralized networks for computing power, AI training, and agent infrastructure, positioning blockchain as an alternative to traditional centralized AI platforms.
In the stock market, shares of Nvidia (NVDA) initially rose by about 2% during Huang’s keynote but settled to close approximately 1.5% higher by the end of the trading day. This performance reinforces Nvidia’s status as a key player in the AI sector.
In related news, T. Rowe Price has announced plans to include cryptocurrencies such as dogecoin and shiba inu in its new actively managed crypto ETF. The amended SEC filing provides details on the assets, custody arrangements, and potential staking plans for the fund, which aims to offer investors exposure to a diverse range of digital assets.
The recent surge in AI-linked cryptocurrencies follows Nvidia CEO Jensen Huang's predictions about the future demand for chips and the rise of agentic AI systems. As blockchain projects increasingly integrate with AI technologies, the market for these digital assets continues to evolve.