AI cryptocurrencies are on the rise, notably after Franklin Templeton's enthusiastic endorsement of the potential for AI agents on blockchains. The asset manager expressed excitement over how AI agents interact within the crypto space, particularly spotlighting the significant gains of tokens like AI16z and Virtuals Protocol. In just 24 hours, AI16z's value surged over 18%, reaching $1.30, despite a 32% decline over the previous week. Virtuals Protocol's token increased by 15%, now priced at $2.98. Amidst speculation, AI agents are designed to assist humans by autonomously managing tasks. Although the technology is still developing, and AI agents lack full autonomy, Franklin Templeton highlighted the substantial promise this sector holds for the future. Recent developments, including Binance’s announcement to trade futures contracts for AI16z, signify growing interest and investment in AI-related cryptocurrencies.

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