To explain why NEAR Protocol (NEAR) and Theta Network (THETA), despite both following the AI (Artificial Intelligence) trend, have not surged as much as Fetch.ai (FET), we need to consider a few key factors:
1. Difference in Project Focus
• Fetch.ai (FET): This project focuses heavily on integrating artificial intelligence (AI) and machine learning into its blockchain network. Fetch.ai provides a platform for “autonomous agents” - automated agents capable of operating independently to execute transactions and optimize processes in many fields, from finance to logistics. Therefore, when the AI trend exploded, Fetch.ai was directly identified as a core AI project on the blockchain, attracting attention and investment from those who believe in the potential of AI.
• NEAR Protocol (NEAR) and Theta Network (THETA): Both of these projects have AI-related elements but are not their primary focus. NEAR is a high-performance blockchain platform designed to simplify the development of decentralized applications (dApps) and is not entirely focused on AI. Theta Network focuses on decentralized video streaming and media-related applications, with AI integrated as a backend, such as improving user experience or optimizing the network.
2. Market Acceptance and Marketing
• Fetch.ai has been very successful in positioning itself as a blockchain project with clear AI applications, thanks to an effective marketing strategy and product development that aligns with AI trends. This helps Fetch.ai take full advantage of the AI boom in the cryptocurrency market.
• Although NEAR and Theta have AI elements, market adoption is more focused on other aspects such as scalability, low transaction fees (for NEAR) or decentralized content distribution (for Theta). Therefore, investors tend to look to Fetch.ai when they want to invest in the AI field, instead of NEAR or Theta.
3. AI Focus Level in the Development Roadmap
• Fetch.ai: AI was identified as a core part of its development vision from the beginning. This attracted investors and the community interested in AI, helping FET take advantage of this trend.
• NEAR and Theta: Although they have AI applications, AI is just one part of a larger ecosystem. Their development roadmap focuses on many different areas, not just AI. Therefore, when the AI trend exploded, they did not receive as much attention as Fetch.ai.
Conclude
Fetch.ai is better positioned to benefit from the AI boom in the crypto space thanks to its clear focus on AI, effective marketing strategy, and AI-focused roadmap. Meanwhile, NEAR Protocol and Theta Network have a broader range of applications, with AI being just one element among many, and therefore do not attract as much attention from AI-focused investors as FET.