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?

 

[Aesthatic girl]

Great breakdown — the AI narrative is strong, but fundamentals still matter. SingularityNET and Fetch.ai are among the few actually building real infrastructure. It’s early, but the potential is massive. If even a fraction of their tech delivers, early adopters could benefit big. Watching closely and holding with cautious optimism.

 

[SUNSHINE]

The AI token space is booming on narrative, but real on-chain AI functionality is still limited. Fetch.ai and AGIX are building solid frameworks, but much is still in dev or off-chain. Hype is outpacing delivery for now, though the groundwork is promising. Watching closely, but staying cautious on overvaluation.

 

[Snowy]

It’s definitely exciting to watch AI tokens rise, but hard to tell how much is real tech vs. hype. Some, like FET and AGIX, have solid roadmaps—but on-chain AI still feels experimental. I’m interested, but cautious. Waiting to see actual utility before going in deeper. Anyone seen real use cases yet?

 

[Alison]

Fetch.ai, for example, is focusing on agent-based automation, where autonomous software agents can facilitate transactions and decision-making in decentralized environments. However, this is still a work in progress and isn’t widely deployed in production yet. Similarly, SingularityNET’s vision of a decentralized AI marketplace is ambitious but remains in development with a focus on building infrastructure rather than delivering fully realized AI products on-chain today.


Many of the other AI-labeled tokens are indeed riding the coattails of the AI boom, but the practical implementation of AI in a decentralized, blockchain context is still not widespread. AI applications often require centralized computing power and data sets that blockchain doesn't easily support, which creates a mismatch between the potential of AI and the limitations of current blockchain technology.


That said, the narrative is driving momentum in these projects, and some progress is being made. But in terms of shipping AI that works on-chain right now, we're still a few years away from seeing widespread, functional use cases that can demonstrate true value to users and developers alike.

 

[Arizona]

But honestly, when you dig into it, there’s so much buzz and so little substance right now. Fetch.ai’s focus on agent-based automation is still largely in development, and SingularityNET is leaning on the whole decentralized AI infrastructure thing without much to show for it just yet. And most of the other AI tokens They’re just buzzwords with no clear real-world application.


I get the hype around the potential, but I’m seriously starting to wonder are any of these projects actually delivering AI that works on-chain today, or are we just riding the AI wave with no real product in sight? Feels a bit worrying to me, especially as we’re being promised the moon but seeing very little actual progress.

 

[jasper]

Singularit NET is diving deep into decentralized AI infrastructure, which could have far-reaching implications if they succeed. The infrastructure focus is essential for the future of decentralized AI, but I agree that it’s still in its early stages, with more of the platform in the development phase rather than being a fully-functional product on-chain right now.


A lot of other tokens in the AI space, as you said, do seem more buzzword-driven with less substance behind them at the moment. While it's tempting to jump on the AI bandwagon, it’s important to differentiate between those with real potential for decentralized AI utility and those just capitalizing on the trend.


I think you’re spot-on to ask whether these projects are actually shipping working AI. Time will tell which ones have the right foundations to deliver meaningful, on-chain AI solutions. But staying informed and evaluating each project’s milestones and development roadmaps will help in separating the promising ones from the noise!