Artificial intelligence-based cryptocurrencies slumped after AI powerhouse Nvidia Corp. (NASDAQ:NVDA) reported its second-quarter earnings Wednesday. What happened: The AI-based collaborative token, FET, and TAO, the native token of the decentralized AI platform, Bittensor, shed 7% in the last 24 hours. Similarly, RENDER, underpinning the Render Network,tumbled 4%. The total market cap of AI cryptocurrency tokens contracted by 3% to $23.29 billion over the past 24 hours, according to CoinGecko. The chip-making giant’s second-quarter earnings and revenue beat Wall Street estimates. But despite …
