After the popularity of AI-driven chatbots like ChatGPT, and DALL-E’s image generation software DALL – a rise in interest in crypto and AI, traders began to invest in the technology. These are both traditional software, and do not use blockchain or cryptocurrency. However, there has been a surge in institutional interest in OpenAI, their parent company, which recently raised $10 Billion from Microsoft at an estimated $29 billion valuation. This has made it compelling for crypto traders to place bets on AI-focused tokens.