Artificial
intelligence-focused
cryptocurrencies
climbed
Wednesday,
defying
the
muted
action
of
the
broader
digital
asset
market
ahead
of
the
quarterly
earnings
report
of
chip-making
heavyweight
Nvidia
(NVDA)
due
later.
Large-cap
AI
tokens
such
as
Fetch.ai’s
FET,
Render’s
RNDR,
Bittensor’s
TAO
and
SingularityNET’s
AGIX
advanced
4%-5%
over
the
past
24
hours,
CoinGecko
data
shows.
Decentralized
physical
infrastructure
network
(DePin)
AIOZ
Network’s
token
(AIOZ)
jumped
7%
during
the
day
after
an
announcement
that
the
chip-maker
listed
the
project
on
the
Nvidia
Accelerated
Applications
Catalog
where
users
can
search
for
tools
and
services
built
on
Nvidia
platforms.
The
native
token
of
layer-1
(L1)
network
Near
Protocol
(NEAR)
–
which
attracted
some
buzz
when
its
co-founder
spoke
at
an
Nvidia
conference
earlier
this
year
–
saw
a
2%
gain
during
the
same
period
and
was
the
best
performing
asset
–
in
the
CoinDesk
20,
which
fell
0.6%
alongside
modest
declines
for
bitcoin
(BTC)
and
ether
(ETH).
Today’s
broad
market
decline
came
after
the
past
few
days’
breakneck
rally
on
several
positive
regulatory
developments
in
the
U.S.
and
falling
bond
yields
as
inflation
fears
abated.
Nvidia
shares
were
lower
by
1.5%
just
ahead
of
the
close
of
regular
trading
Wednesday,
with
the
earnings
results
due
after
the
bell.Patrick
Moorhead,
founder
and
CEO
of
Moor
Insights
&
Strategy,
said
in
an
interview
with
Yahoo
Finance
earlier
this
week
that
“the
company
is
going
to
clearly
beat
expectations.”
The
stock
has
climbed
90%
this
year
and
more
than
200%
year-over-year.