According to Cointelegraph, a report released by Ethereum blockchain analysis platform Nansen and lending protocol MetaStreet pointed out that AI and the emerging "NodeFi" market may become the most active verticals in the field of decentralized finance.
The report states that the cryptocurrency market is moving beyond its initial focus on ERC-20 tokens and DeFi, and these dominant technologies will eventually reach their peak.
As the generative AI industry matures, emerging blockchain-based verticals such as distributed computing and GPU-as-a-service projects are expected to show relatively explosive growth.
The report states that the vertical with the greatest growth potential is decentralized physical infrastructure network (DePIN) projects, including decentralized energy distribution and data storage.
According to research by Fortune Business Insights, the distributed graphics processing unit (GPU) market was valued at $3.2 billion in 2023, primarily used for training AI models, with demand expected to increase in 2024 and beyond.
The report states that AI-related computing DePIN could become the next major vertical, with a large and rapidly growing market, high revenue potential, predictable asset prices, and relatively low implementation complexity.
While blockchain projects may not receive the majority of investment, the report sees long-term potential at the intersection of AI and blockchain.
Additionally, the NodeFi vertical â an incentivized marketplace for node operators â could also take off, but its viability depends on the specific project.
