AI Tokens: Are We Buying Tech or Just the Narrative?

[Silent Symphony]

The rise of AI tokens like Fetch.ai, SingularityNET, and others has been wild this year. Every time OpenAI drops something new, these tokens seem to spike on pure narrative.

But let’s zoom out for a second…

What’s actually being built?

• Fetch.ai is focused on agent-based automation (still mostly under dev)
• AGIX (SingularityNET) is leaning hard into decentralized AI infrastructure
• Most other AI-labeled tokens feel… buzzword-heavy

I’m not against the narrative (I hold a little FET and DAG), but I’m wondering:

Are any of these projects actually shipping AI that works on-chain right now?

Would love a reality check. Who’s bullish? Who’s watching from a distance?