The growing popularity of tokens linked to AI agents has spurred a sharp increase in prices for AI-focused NFT projects. At the forefront are the collections Parallel Avatars and Onchain GAIAs, which have doubled in value over the past two weeks.
Price Growth Dynamics
Parallel Avatars rose from 0.6 ETH to 1.2 ETH, while Onchain GAIAs reached 1.3 ETH after starting at 0.6 ETH. This growth coincides with the overall resurgence of the AI agent market in Q4 2024. Both projects had previously hit similar price peaks in March 2024 but saw their value drop to 0.25 ETH by Q3 before recovering.
What Are Onchain GAIAs?
Onchain GAIAs are NFTs representing generative AI agents. The collection debuted in March 2024 through a subscription campaign on the Farcaster platform. The project is led by an anonymous crypto investor known as Ciniz.
Recently, the project introduced its first gaming mechanic for training AI agents — a mini-app called Henlo Kart. This is a Telegram-based game that gamifies the process of AI training. Alongside the game, the project launched the HENLO token, which was distributed to NFT holders. Over the past week, the token’s market capitalization has doubled, reaching $36 million. At the time of writing, the token is trading at $0.00002225.
Parallel Avatars and Their Ecosystem
The Parallel Avatars collection is part of the Parallel gaming project, launched in 2021 as a blockchain-based trading card game. In March 2023, the team released the official token PRIME, which currently trades at $12.64 with a market capitalization of $669 million.
The avatars are an integral part of the game Colony, where AI agents interact with players, helping them survive on a dystopian future Earth.
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This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
