Crypto expert Wauwda shared his top five favorite projects among the top 100 on X. Moreover, he included notable names like Bittensor (TAO) and Kaspa (KAS).
These projects, ranging from decentralized AI training to blockchain scalability solutions, are gaining interest in the crypto world. With each offering unique features, the list also highlights Render (RNDR), Injective (INJ), and Ondo (ONDO).
Bittensor (TAO): Decentralized AI Training
Bittensor (TAO) is ranked 24th among the top 100 crypto projects. According to @wauwda, Bittensor provides the fastest decentralized AI training in the world, capable of handling models with over 100 billion parameters.
This innovative approach to artificial intelligence has interested key figures, including Ethereum’s Vitalik Buterin, Coinbase Director, and Grayscale. TAO’s tokenomics mirror that of Bitcoin, with a capped supply of 21 million tokens and halving events every four years.
Prominent Bitcoin holder Barry Silbert is also bullish on the project. The platform currently supports more than 48 subnets for running AI models on the blockchain, further expanding its influence in the AI and crypto spaces.
My 5 favorite projects inside the top 100 1⃣ $TAO #24• Fastest decentralized AI training in the world (100B+ parameter model with this method)• Vitalik, Coinbase Director & Grayscale seeing Opentensor as a big deal• Same tokenomics as Bitcoin (21M max supply, halving…
— Wauwda (@wauwda) October 2, 2024
Kaspa (KAS): Solving the Blockchain Trilemma
Kaspa (KAS), ranked 28th, is making waves with its fair-launched Proof-of-Work (PoW) BlockDAG, which addresses the longstanding blockchain trilemma. Wauwda highlights that the project aims for an impressive 100 block transactions per second (BPS).
Kaspa’s research founder is frequently cited by notable projects, including Ethereum (ETH), Polkadot (DOT), and Avalanche (AVAX). The project’s connections extend to the mining sector, with the largest Bitcoin mining company, Marathon Digital Holdings (MARA), actively mining Kaspa.
BlackRock, the world’s largest asset manager, holds 12.40% of Kaspa, underlining the project’s credibility. Kaspa has achieved all-time highs in its hashrate, positioning itself as the second-largest mining pool globally, surpassing Dogecoin.
Render (RNDR) and Injective (INJ): Innovation in GPU Rendering and DeFi
Render (RNDR), ranked 29th, has earned the moniker “the decentralized Nvidia of crypto” due to its focus on decentralized GPU rendering. With partners like Apple, Disney, and Cinema4D, Render stands out as a critical player in the graphics and AI industries.
The project is also backed by major advisors like J.J. Abrams, Brendan Eich, and Ari Emanuel. Render powers Apple’s Vision Pro, which is expected to ship 10 million units by 2026, addressing GPU scarcity through blockchain technology.
Injective (INJ), ranked 42nd, is notable for powering the first tokenized index for BlackRock’s BUIDL Fund. With backing from Binance, Pantera, and Jump, Injective aims to be one of the most deflationary assets in the crypto market.
Moreover, the project supports over 200 decentralized applications and has a $150 M ecosystem fund to foster growth.
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Ondo (ONDO): Leading the Charge in Tokenized Treasuries
Ranked 68th, Ondo has rapidly gained recognition for its contributions to tokenized treasuries. With backing from BlackRock, Founders Fund, and Pantera Capital, the project has raised $224 million out of its $350 million target for BlackRock’s BUIDL initiative.
Additionally, the platform has also surpassed BlackRock in total value locked (TVL) for tokenized treasuries. Ondo’s leadership team includes ex-Goldman Sachs professionals, further bolstering the project’s position in the market.
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The post Expert Shares 5 Crypto Project Picks Among Top 100: Bittensor (TAO), Kaspa (KAS), and More appeared first on CaptainAltcoin.
