The value of artificial intelligence (AI) cryptocurrencies has been on the rise amid increased development in the sector that was triggered by the initial success of the text-based platform ChatGPT. Following the hype around AI, cryptocurrencies in the sector have increasingly recorded an inflow of capital. 

In particular, as of March 1, the market cap for AI-centered digital assets had surpassed $4 billion to stand at $4.18 billion, according to data by Crypto Slate. 

By leveraging the web archive tool, Finbold has determined that the market cap represents an inflow of about $1.62 billion from the $2.56 billion recorded on January 27. The value represents a growth of about 63%. At the same time, the capital inflow saw the AI sector’s dominance in the crypto market grow from 0.24% to 0.39%. 

(By Paul L.)

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