TechFlow news, on August 15, according to Cointelegraph, Mirza Uddin, Head of Business Development at DeFi platform Injective, pointed out that most crypto AI projects lack solid foundations, "largely being a fad correlated with major stock performances such as NVIDIA." He believes there is hardly any real artificial intelligence production in the crypto space, and many so-called "AI applications" are merely basic ChatGPT wrappers or grandiose whitepapers. Basel Ismail, CEO of analytics firm Blockcircle, similarly stated that most crypto AI projects misuse terminology for economic gain, rebranding fields like machine learning and data science as "AI."
However, Uddin believes that amid this trend, some startups are building innovative use cases that could become industry giants in the future. Referencing lessons from the internet bubble era, he anticipates the crypto AI sector will undergo a similar process, where genuine applications will survive and thrive over the long term.
Tegan Kline, CEO of Edge and Node, emphasized that projects with robust infrastructure and a clear vision will see long-term benefits beyond the AI bubble. She noted a growing divergence between projects superficially using AI terminology without successful integration and those committed to continuous innovation—projects engaging in simple "AI washing" to ride the hype wave will be the first to fail.
