Crypto Brief: Grayscale Tracks 580% Crypto Winner Targeting AI Computing Revenue

Across major exchanges, grayscale is highlighting three crypto projects addressing artificial intelligence (AI) training data, hardware financing, and computing revenue.

PEARL’s reported 580% three-month gain accompanies the firm’s assessment of blockchain applications across the industry’s supply chain.

Blockchain projects are developing ways to earn revenue from AI infrastructure, with PEARL among three examples highlighted by Grayscale on Oct.

Zach Pandl, head of research at the digital asset manager, examined PEARL, DATA Network, and USD.AI as examples of blockchain applications in AI infrastructure.

Pearl, a blockchain project focused on AI computing, aims to let graphics processing units (GPUs) perform AI tasks while simultaneously securing a proof-of-work blockchain.

Operators could earn blockchain rewards alongside payments for AI services.

The analysis reported PEARL’s 580% gain over three months, citing Coingecko data through Oct.

Pandl qualified the projects’ prospects: “Their long-term relevance will depend on adoption and competitive economics.” Human-contributed photographs, videos, and voice recordings form the basis of DATA Network’s approach to supplying material for AI development.