Fidelity Digital Assets Names 6 Risks to Crypto’s AI Agent Thesis

AI agents may not converge on public blockchains, Fidelity Digital Assets said, naming that outcome as one of the largest potential risks to the sector's AI thesis.

The warning came days after Grayscale named 4 blockchain networks that could benefit from the adoption of artificial intelligence (AI).

Fidelity Flags Risks in Crypto's AI Agent Thesis

Senior Research Analyst Max Wadington published the Fidelity report on August 19. He listed the scenario among six structural risks to the AI and digital assets thesis.

Wadington explained that closed systems run by large technology firms and fintech platforms could absorb the same activity. He cited advantages in performance, cost, user experience, and regulatory clarity.

"Even if AI drives a substantial increase in overall digital economic activity, there is no guarantee that public blockchains will capture a meaningful share of it," he wrote.

This follows comments from Grayscale Head of Research Zach Pandl, who said the growing adoption of artificial intelligence (AI) will generate demand that public blockchains are well-positioned to meet.

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