Bittensor, Near Protocol and Venice Token surge as Anthropic IPO details emerge

Major AI tokens post sharp gains

Near Protocol (NEAR) climbed to $2.49, a level not seen since June 16, while Venice Token (VVV) rallied to $18.67, reflecting over 90% growth from its lowest July valuation. Other top AI coins, including Akash Network (AKT) and Artificial Superintelligence Alliance (FET), also recorded notable increases.

These gains come as interest in AI-based cryptocurrencies accelerates, with traders focusing on the sector’s rapid expansion and the latest product launches.

Anthropic IPO sparks optimism

The rally in TAO, NEAR, and VVV is largely attributed to news about the upcoming initial public offering (IPO) of Anthropic, an artificial intelligence safety and research company. Anthropic is reportedly preparing to appoint Goldman Sachs and Morgan Stanley as the lead underwriters for its IPO. Additional participating banks include Barclays and JPMorgan.

According to the report, Anthropic may publish its S-1 prospectus as early as this week, followed by a marketing roadshow targeting institutional investors. The IPO itself could take place later in September or in October.

Details of Anthropic’s IPO, including the possible publication of the S-1 filing this week, have contributed to the sharp rally in AI-related tokens as investors anticipate renewed interest in the sector.

Industry observers noted similar trading momentum in AI tokens before other major IPO events such as the SpaceX offering.

Mini dictionary: Anthropic is a US-based AI company focusing on safety research and development of advanced language models, competing with firms like OpenAI in large-scale artificial intelligence.

OpenAI Astra launches amid IPO speculation

The positive sentiment for AI tokens was further lifted by OpenAI’s launch of Astra, its most recent AI model designed to compete with Anthropic’s latest releases. Astra’s GPT-6 model features a 1 million token context window and an artificial intelligence index rating of 55, just slightly below Anthropic’s 57.

The cost per token for Astra stands at $2.57, which is significantly lower than the $6.12 price of Fable 5.1, another AI product on the market. OpenAI aims for Astra’s launch to narrow the competitive gap with Anthropic, particularly after losing market traction in recent months.

OpenAI is reportedly considering an IPO later in the year or early next year, after deciding to postpone its previous timeline due to stalled revenue growth and ongoing strategic initiatives.

Mini dictionary: S-1 prospectus is an official SEC filing required by companies planning to go public in the United States, providing comprehensive details about the company’s business and financials.

AI stocks rebound and investor sentiment improves

Major AI cryptocurrencies such as Venice AI, Near Protocol, and Bittensor are climbing as capital flows back into AI-related equities. Shares of prominent AI hardware and semiconductor manufacturers like Nvidia, Micron, and SanDisk have rallied in recent weeks. Similarly, international tech giants SK Hynix and Samsung Electronics have also registered strong gains.

Increased optimism for the AI sector is reflected in robust web traffic for Venice AI, which recorded over 17 million visits in August compared to 15 million the previous month. The surge in engagement prompted the burning of VVV tokens valued at more than $700,000.

Stronger risk appetite in the crypto market has also supported the ongoing rally in AI tokens, with the Crypto Fear and Greed Index now signaling a shift toward greed.

Analysts indicate that these developments suggest continued momentum for the AI token sector if broader market conditions remain favorable.