ZoneBitcoin EditorialIn recent weeks, everyone (or almost) only talks about ChatBot developed by OpenAI. If you haven't heard of it, maybe the “Bard” bot developed by Google won't spare you. These are communications services based on artificial intelligence. You can ask almost any question you want, the bot will answer you accurately and impartially.
Of course, artificial intelligence is still under development and today we are witnessing its first steps. In order to perfect its structure and infrastructure, many entrepreneurs of projects linked to artificial intelligence rely on blockchain. There are many advantages to combining the two fields. This makes it possible on the one hand to decentralize already existing AI solutions and on the other hand, it makes it possible to improve the development framework of certain solutions.
For many people, cryptocurrencies and artificial intelligence (AI) already go well together. We assume that these are two advanced technologies and that a merger could only result in something very sophisticated.
Considering AI-related crypto projects, this indeed appears to be the case. This is precisely what we offer you in this article. We will present to you the most interesting crypto AI projects.
Whether you are looking to invest or discover what is most innovative in these two industries, here are the AI cryptos that it seems relevant to observe closely.
The Graph ($GRT)
TheGraph is a protocol that allows you to query data from blockchain networks such as Ethereum or IFPS for example. TheGraph project is currently working to open up to other networks which are currently available in beta. Thus, TheGraph is very interesting in the sense that the company provides key elements for the development of different applications of 3 web. With The Graph, everyone can create and publish APIs (called APIs). subgraphs) to retrieve and use data.
It is certainly the most prominent crypto AI in recent years by institutional investors as its solution is appreciated by blockchain developers. Indeed, without the help of TheGraph, they had to develop and operate indexing servers in isolation. This required significant and costly material and human resources. Today, protocols like Sushi or Lido.fi already use TheGraph. This is perhaps just the beginning of a very large list of partners and concrete uses.
The GRT token is a ERC-20 token, which is used in the network to reward all participants.
SingularityNET ($AGIX)
SingularityNet is a project combining crypto and AI that allows AI practitioners to develop solutions more easily. SingularityNet is above all a marketplace which provides personalized tools (such as the creation of smart contract) for companies to reduce their efforts (and associated costs) to develop AI services. The platform uses algorithms that improve the self-learning of AI-enabled products.
SingularityNet's utility token, called AGIX, allows users to purchase a wide variety of AI services. It is also possible for developers to sell the tools they have developed. We remember that the company had achieved an impressive fundraising of $2017 million in 36, achieved in the space of just one minute. Today, in 2023, SingularityNet is now showing its ideas come to fruition.
Interesting fact: The team that designed SingularityNet worked extensively in the development of AI (the famous robot “Sophia“) which has been considered one of the most expressive robots in the world. We are then dealing with a real team of enthusiasts and experts in the field of artificial intelligence.
The platform was first announced in 2017 and completed an initial coin offering (ICO) in December of that year, raising $36 million in just one minute.
Fetch.AI ($FET)
Our Company Fetch.AI was also launched in 2017 offering a decentralized and automatic learning solution using AI. The idea is to make machine learning networks accessible and permissionless. It is definitely one of the most popular projects when it comes to AI cryptos. Fetch.ai gives AI practitioners the opportunity to create applications in sensitive sectors such as health, urban mobility, supply chain optimization or even robotics.
Fetch.ai is a multi-chain protocol that was built on Cosmos. Thus, the Fetch blockchain can interact with other Cosmos-based blockchains. However, Fetch.ai uses a different version of the classic Cosmos Tendermit Proof-of-Stake consensus mechanism.
Some developers are already using the Fetch solution to develop solutions for automatic cryptocurrency trading, transport circuit optimization or for optimizing energy consumption. The uses of Fetch are unlimited and depend on the creativity of the developers. Given the amount of applications that will potentially be created soon, Fetch.ai is clearly on our list of projects to carefully watch.
Ocean Protocol ($OCEAN)
Ocean Protocol targets both individuals and businesses to help them monetize the data collected while preserving confidentiality. These datasets are then available to everyone on Ocean Protocol, which aims to be a real marketplace.
The OCEAN token is also a governance token which allows you to take full advantage of your participation rights. It is thus possible to vote for certain protocol development choices and it is also possible to stake the token to generate returns while further securing the network.
Numer.ai ($NMR)
Numer.ai was founded in 2015 in San Francisco, making it a pioneer in the field of AI and blockchain combined to serve finance. The objective of Numerai is to bring decentralization in the field of data management, in the field of financial market prediction.
While crypto trading has already been conquered by trading bots operating on algorithms, we can think that the logical next step would be to use artificial intelligence. In any case, this is the bet of the company Numer.ai which operates like a new kind of hedge fund.
Indeed, Numer.ai has brought together the best data experts to build machine learning models. The result gives a hedge funds speculative of a new dimension which could well beat traditional investment funds.
For us, this is a very interesting project that we are following closely in the sense that it innovates in a niche market. Even if at the moment the product seems somewhat complex to use, it seems that Numer.ai is slowly carving out a lion's share in this sector.
VAIOT ($VAI)
WILL combines AI and blockchain to provide virtual assistants. They are generally used by businesses to assist them with customer requests. Typically therefore, VAIOT is used for customer service bots.
Currently, the VAI token is one of the cryptos low cap , that is to say which are still with low market capitalization. That being said, it is an opportune time for certain types of investors to consider cryptos at this stage of development. However, the company actively cooperates with IBM, with which VAI provides AI-based services and products. This could allow it to form other partnerships in the future. Case to follow (closely) therefore.
Other AI crypto projects to consider
There are many interesting AI cryptos but we couldn't list them all due to space constraints. Likewise, some very relevant projects do not (yet) have cryptocurrencies strictly speaking. However, it is highly possible that these projects will decide to issue a token in some time.
We can cite for example the DeepBrain Chain project which is a distributed computing network aimed at creating “the infrastructure of the 5G + AIoT era”. Thus, DeepBrain Chain touches different sectors and also focuses on the development of AI to better support computing devices. Internet of Things (IoT).
DeepBrain Chain also uses smart contracts to automate data access. The project was launched in 2016 and today there are more than 200 users connected to the different models of smart devices. However, for the moment, this remains a project still in its early stages. So be careful.
Then, above all, another project that we found remarkable is Blackbird.AI. It is an organization that focuses on data analysis to reduce and/or eliminate the spread of fake news. Disinformation causes enormous damage on several levels (intellectually, culturally, etc.) and on several scales (individual, collective, global, etc.) and BlackBird.Ai attempts to resolve this problem which consists of “unmasking” false information. Public utility project, we want to say.
How can blockchain benefit Artificial Intelligence?
We had the good idea to ask chatbot from OpenAi to write this paragraph. Perhaps this AI-based programming language will be better able to answer. Here is the text that he wrote and which is “correct” in our opinion.
So, were you excited? The editor that I am is even very surprised and is starting to be afraid of losing his job. 😝 I’m only half joking…
Still, the text sums up the point well and it is important to understand that Artificial Intelligence benefits from blockchain technology in several ways. The use cases for Artificial Intelligence are vast. Some of the most popular applications include healthcare, finance, data management etc. We can no longer count the use cases, the most popular of which today are the creation of images and communication bots like that of chatbot.
By relying on blockchain, AI can benefit from the advantages of the distributed network. AI applications then benefit from the security and integrity of the data that is recorded. There is no central authority, which then reduces the potential vulnerability that could end up on a single server.
Even more, with blockchain, AI projects can also create and have financial incentives. This can indirectly lead to a more equitable business model in which all parties could benefit financially.
Footnotes : There are now AI chatbot specialized in Bitcoin.
Singularity, blockchain and the future of human society
The concept of super-intelligence, a global brain and more commonly “singularity” tends to become ever more pragmatic. The development of quantum computers, artificial intelligence and blockchain are increasingly showing us concrete applications.
🧠 What we call “singularity technological” (or sometimes the Singularity) refers to the hypothesis that theartificial intelligence will propel technological growth which would induce profound changes in human societies. Entrepreneurs like Elon Musk in fact believe that the “super-intelligence” resulting from computing will be behind the greatest future changes in civilization.
In all likelihood, AI practitioners and blockchain developers will continue their collaborations, within a robust framework to design ever more innovative products.
For a seasoned investor, it is probably relevant to observe AI cryptos. However, we must keep in mind that today we are still in the early stages of these new technologies. This is necessarily a long-term investment even if we are currently witnessing the first deployment of these technologies.
It is nevertheless important to continue your personal research in the field. Not all projects will necessarily succeed even if they are in a niche market. There are other factors to take into consideration, and this is particularly true for investing.
However, always do your own research before investing. This is simply a cryptocurrency suggestion and not investment advice.
DYER again, DYOR always.
Please note: : No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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