Injective, a decentralized finance platform that allows user to trade, lend and borrow various cryptocurrencies, has introduced an AI Index ($AIX), an on-chain asset that merges leading AI tokens with traditional equities. This index aims to provide investors with diversified exposure to the AI sector and bridge the gap between decentralized finance and traditional finance.
Composition of $AIX
Injective’s $AIX index will comprise of 10 prominent AI tokens which include Bittensor ($TAO) and Fetch.ai ($FET), along with six major AI-related stocks, including NVIDIA ($NVDA) and Palantir ($PLTR). The combination that has been set is unique as it will offer complete stake in AI industry’s growth in crypto and traditional markets.
Market Potential
The AI market project is predicted to reach a whopping $1.5 trillion market cap in the following years and with $AIX, a streamlined approach will be provided to the investors to gain diversified exposure to this field. The interesting part is that this integration of DeFi and TradFi does nothing but simplifies investment strategies in the AI sector.
Collaborative development
Now this project has been successful because there has been a collaborative effort between Helix and Stork Oracle. Both of these supply institutional-grade pricing and real-time updates. This partnership will make sure that accurate and real-time information is reflected to the users engaging with $AIX.
Future Implication of Injective’s $AIX
This introduction of $AIX is nothing but exposure to the AI sector which will bridge gap between traditional and crypto markets. With this move, there is a possibility that there could be further tokenization of traditional assets, making way for future on-chain assets on Injective and possibly transform the global financial space.
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