The Artificial Intelligence (AI) narrative has become the single hottest topic of conversation in the past weeks. With the emergence of ChatGPT, an AI chatbot that OpenAI released in late November 2022, AI's possibilities are truly remarkable. Although the concept of AI is not new, the introduction of ChatGPT3 marked an inflection point for the industry. More market participants in Web3 are also starting to associate Microsoft earnings with AI coins, hence the narrative only seems to get stronger. 

## How do these tokens fare compared to the start of 2022? 

:::image 1::: 


- AGIX outperformed (from Jan 1 2022-current date) compared to the other tokens in the basket, followed by ORAI, NMR, FET, and VXV 
- Generally the entire AI basket

large_Nansen_Brief_10_v3.png

medium_Nansen_Brief_10_v3.png

small_Nansen_Brief_10_v3.png