News
Public · Published
AI Agents May Skip Public Blockchains, Fidelity Warns as Grayscale Backs ETH, SOL, WLD and TAO
Fidelity warned that AI growth may not add value to public blockchains, while Grayscale announced it is backing Ethereum (ETH), Solana (SOL), Worldcoin (WLD) and Taoshi (TAO).
Published:
Updated:
What happened
Fidelity warned that AI growth may not add value to public blockchains, while Grayscale announced it is backing Ethereum (ETH), Solana (SOL), Worldcoin (WLD) and Taoshi (TAO).
Confirmed
Global impact / market context
If AI projects stay off public chains, demand for transaction fees and token utility on those networks could stay flat, reducing revenue for blockchain developers and lowering potential price gains for investors.
Analyst inference
Grayscale’s investment shows some crypto managers still expect upside for ETH, SOL, WLD and TAO, creating a contrast with Fidelity’s caution that AI may not boost public‑chain activity.
Analyst inference
What to watch
- Any new Fidelity commentary on AI and blockchain, which could indicate whether its caution spreads to other financial firms. Analyst inference
- Changes in Grayscale’s holdings of ETH, SOL, WLD or TAO, as larger allocations may lift demand and price for those tokens. Analyst inference
- The emergence of AI applications on private versus public blockchains, which would affect how much traffic and fees flow to public networks. Analyst inference
Affected assets
- SOL — Solana
- ETH — Ethereum
- TAO — Bittensor
- WLD — Worldcoin