The cryptocurrency market is constantly
changing. It all began with Bitcoin and has now expanded to include a wide
range of digital tokens. One area of growing interest in the crypto community
is AI-based cryptocurrencies.
The
combination of blockchain and artificial intelligence (AI) has given rise to
AI-based cryptocurrencies. This integration has allowed the crypto community to
take advantage of both technologies. All of these new crypto tokens have
incorporated AI features in one form or another.
Typically, AI cryptocurrencies are used for
transactions within their native blockchain network. However, over time, people
have come to recognize the potential of AI crypto to create a dynamic
environment while also automating and speeding up transactions.
With the
massive amount of data present in the world, it is challenging for individuals
to sift through it all. Artificial Intelligence (AI) can simplify this task by
filtering out irrelevant information and providing the most relevant
information to users. AI technology is also capable of learning and
incorporating new information and data.
Cryptocurrencies also make use of the
innovative technology of blockchain. This technology has created a trustless
connection between individuals, reducing the control that industries have over
various sectors.
By
combining the benefits of both AI and blockchain, AI cryptocurrencies have
started a new digital revolution. This technology has been implemented in
various industries and demonstrated its utility through the use of these
advanced digital tokens.
This
guide will provide a deeper understanding of the technological wonders of AI
and blockchain. Without further ado, let's take a closer look at the top 10 AI
cryptocurrency projects in 2023.
Top 10 AI Crypto Projects in 2023
1-The Graph (GRT) as the Leader in AI Cryptos
Market Capitalization: $1,470,208,855
The Graph is known for being a decentralized
query protocol for blockchain and has earned a reputation for allowing users to
build Dapps easily on Ethereum and IPFS through GraphQL. The popularity of this
AI crypto project has risen significantly even before its official launch,
attracting numerous individuals and projects.
The Graph is set to revolutionize the Web 3
experience by offering a better option compared to centralized alternatives.
The project allows anyone to build and publish APIs known as subgraphs, and at
present, there are over 3,000 subgraphs that have been deployed by developers.
The unique Query Layer of The Graph enables
developers to use GraphQL to query a network of indexing nodes, and the results
can be verified on the client. According to CoinMarketCap's ranking, GRT, the
native token of The Graph, is within the top 50 cryptocurrencies and ranks
first among the top AI cryptos.
2-SingularityNET (AGIX): A Marketplace for AI
Data
Market Value: $652,131,175
SingularityNET, a self-proclaimed decentralized
AI platform, aims to create a decentralized, democratic, inclusive, and
beneficial Artificial General Intelligence (AGI). Using blockchain technology,
this AI crypto project will enable anyone to create, share, and monetize AI
services with ease.
The platform features several technological
advancements, including AI Marketplace, AI Publisher, AI-Specific Language,
AGIX Token Tools, and AGIX Staking & Bridge. Their long-term project,
OpenCog Hyperon, aims to create a faster, scalable, and more flexible AI design
for easier learning and usage.
The AGIX token, the native token of
SingularityNET, plays a significant role in their ecosystem. It serves as a
utility token for transactions and community governance within the platform.
Similar to many digital tokens, AGIX is also a multichain token used on
multiple networks such as Ethereum and Cardano.
3-Fetch.ai (FET): Generating Profits Through the
Use of Blockchain and AI
Market Cap: $441,841,777
Fetch.ai ranks third in CoinMarketCap’s Top AI
& Big Data Tokens by Market Capitalization. This AI crypto project utilizes
the Cosmos-SDK, as well as a high-performance smart contract language known as
CosmWasm, to create an interchain protocol.
The Fetch.ai network serves as a layer-1
network for Ethereum, as well as a bridge to the rest of the blockchain world.
Its use of blockchain and artificial intelligence allows users to connect and
access secure datasets, with the help of autonomous AI. The ecosystem of
Fetch.ai is based on the AI known as Multi-Agent Systems, making it ideal for
multi-stakeholder environments.
The native token of Fetch.ai, FET, plays a
crucial role in the network, serving as the primary means of exchange for
transactions.
4-Ocean Protocol (OCEAN): The Monopoly-Destroyer
of the AI Crypto Sector
Market Cap: $326,241,518
Introduction:
Ocean Protocol is an AI crypto project that
aims to revolutionize the data and AI sector by unlocking data for public use
and reducing the monopolistic control of organizations. With a market cap of
$326,241,518, it is gaining attention in the crypto world.
Functionality:
Ocean Protocol enables transactions to take
place with ERC-20 smart contract tokens, unlocking the value of data. It
ensures open access to data, provides data governance, promotes network growth,
and moves towards decentralization.
Utility Token:
The utility token of Ocean Protocol, OCEAN,
allows users to stake on data for curation, buy, and sell data. It is also the
basic unit of exchange in the Ocean Protocol Market.
Rewards for Publishers and Access for
Consumers:
Ocean Protocol provides publishers with the
opportunity to earn rewards when they release data sets in the network. At the
same time, it makes it easier for consumers to access difficult-to-find
datasets.
Conclusion:
Ocean Protocol is a game-changing AI crypto
project that aims to unlock data for public use and reduce monopolistic control
in the data and AI sector. With its functionality, utility token, and rewards
system, it offers benefits for both publishers and consumers.
5. Exec RLC (RLC): The New-Gen Internet of AI
and Crypto
Market Cap: $179,722,473
Introduction:
iExec RLC is an AI crypto project that aims to
create the next generation of the Internet, bridging the gap between resource
providers and users. With a market cap of $179,722,473, it is a rapidly growing
project in the crypto world.
Combining Blockchain and Confidential
Computing:
iExec RLC combines the powers of blockchain and
confidential computing to create an efficient environment for Developers, Providers,
and Requesters. Blockchain creates a market network where rewards are earned
through computing power, application, and datasets.
Access to Resources:
iExec RLC allows Dapps to easily access
servers, data sets, and computing resources across the network. It also
promotes a Virtual Cloud Infrastructure that provides high-performance
computing services on demand.
The Native Token:
The native token of iExec RLC, RLC, is used for
transactions and allows users to access computing assets by exchanging RLC.
Conclusion:
iExec RLC is a unique AI crypto project that
aims to create the next generation of the Internet by bridging the gap between
resource providers and users. With its combination of blockchain and
confidential computing, access to resources, and native token, it is a
promising project in the crypto world.
Exploring the Future of the Intersection of AI
and Cryptocurrency
As AI and cryptocurrency continue to grow and
evolve, some AI-based crypto projects are leveraging the strengths of these two
cutting-edge technologies to minimize risks and increase benefits for users.
The future of AI and crypto is uncertain, but it is evident that many
innovators are working towards improving the lives of future generations
through their integration.
One example of how AI is already impacting our
lives is in the realm of information search. Rather than sifting through a
large amount of information on the internet, using an AI-powered tool like
ChatGPT can quickly filter out irrelevant information and provide the most
valuable answer, saving time and effort.
TokenPunkies NFT Creation: Click on link
The world of AI and cryptocurrency is vast, and
the transformation of AI from a simple concept to a complex and flexible
technology has been rapid. With AI's adaptability and cryptocurrency's decentralization,
it is likely that these technologies will see significant growth and
transformation across multiple industries in the coming years. In conclusion,
the intersection of AI and crypto holds a lot of potential and is poised for
significant development and growth in the near future.
Comments
Post a Comment