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Over the past few years, Artificial Intelligence (AI) has gained immense traction in the tech sector, becoming a favored technology due to its robust computing capabilities and intelligent algorithms. AI involves imitating human problem-solving and decision-making skills using computers, data, and sometimes machines. Undoubtedly, AI has established itself as a pivotal technology in the 21st century, significantly altering our way of life and economic structures. Its influence spans various sectors, such as healthcare, finance, and transportation, where it has become an indispensable component, revolutionizing operations and processes.
AI and Cryptocurrency: Redefining Blockchain with Render and More
The amalgamation of AI and cryptocurrency has spawned multiple initiatives seeking to redefine the landscape of blockchain technology. These ventures utilize AI for predictive analysis, automated trading, and bolstered security measures, aiming to elevate the overall blockchain experience.
One example in this domain is Render, a project that harnesses AI. Positioned as a distributed GPU rendering network, Render operates atop the Ethereum blockchain, connecting artists and applications to GPU computing power. Participants contributing to their dormant GPU capacity receive tokens as rewards. This innovative amalgamation of AI and blockchain architecture forms a decentralized rendering platform. To delve deeper into Render’s functionalities, click here.
These AI-infused endeavors yield several advantages including cost-effectiveness, heightened precision, and advanced functionalities. Moreover, they facilitate secure and transparent transactions, proving beneficial across various sectors such as finance, healthcare, and entertainment.
Top AI Coins
GRT
GRT is the native token of The Graph, an AI-powered crypto project that collects and stores data from blockchains like Ethereum and Avalanche so that it can be searched by users.
The Graph is a protocol enabling data querying for Ethereum and IPFS networks, fueling applications in DeFi and Web3. It allows the creation of open APIs (subgraphs) for data retrieval using GraphQL. It’s currently live with Ethereum, IPFS, and POA data, planning to expand to more networks. Over 3,000 subgraphs by numerous developers, supporting apps like Uniswap and AAVE, have been deployed. Usage has surged, hitting 7 billion queries in September 2020. The community boasts 200+ Indexer Nodes and 2,000+ Curators. Funding from the community, VCs, and notable blockchain figures like Coinbase Ventures and DCG has reached approximately $25M. The decentralized network is set to launch soon.
AGIX
AGIX is the native token of SingularityNET, a decentralized AI marketplace running on blockchain. Its core mission is to create artificial general intelligence (AGI) for a beneficial technological Singularity. SingularityNET is a blockchain-based platform offering a global AI marketplace, allowing easy creation, sharing, and monetization of AI services. Users can access a wide range of AI services using AGIX tokens. The marketplace serves as a platform for developers to publish, sell, and track their AI tools’ performance. SingularityNET’s team introduced Sophia, an expressive robot, and aims to enable her to understand human language fully. They’re also developing OpenCog for achieving advanced general intelligence. The platform, announced in 2017, raised $36 million in a one-minute ICO in December of the same year.
FET
FET is the native token of Fetch.ai powering the platform’s internal economy. FET was Established in 2017 and launched via an IEO on Binance in March 2019, Fetch.AI is an AI lab constructing a decentralized machine learning network with a crypto economy. Their aim is to democratize AI technology by creating an open, permissionless network that allows universal access. Utilizing autonomous AI, users can execute tasks and access secure datasets, facilitating optimization in various domains like DeFi trading, transportation networks, smart energy grids, and other complex digital systems reliant on extensive datasets.
LAI
LAI is the native token of LayerAI, a ZK Layer-2 solution enabling users to own the monetization of their AI data. LayerAI combines the commercial applications of AI with a mass adoption-proof tokenization mechanism, which allows users to access the protocol’s applications and monetize their data. The collected data is packaged and sold in the global data marketplace, where data is used to build AI models across industries.
LayerAI is boasting a substantial user base of 2+ million active users, making it one of the largest blockchains upon its launch. The platform merges blockchain and AI, aiming to decentralize the trillion-dollar AI and data market. With apps across various domains, LayerAI targets mass retail adoption, distinguishing itself as a ‘to earn’ ecosystem, compensating users for contributing data to the global marketplace. Leveraging zkRollup technology for scalability and a distributed mining model (#ProofOfActivity), LayerAI aims to provide a truly decentralized and limitless environment, facilitating the intersection of AI and blockchain economics.
ALI
ALI is the native ERC-20 token of Alethea AI, a project designed to manage, regulate, and support transactions among Alethea AI participants. Alethea AI is building a decentralized protocol for an Intelligent Metaverse inhabited by interactive and intelligent NFTs (iNFTs).
Disclaimer: The article does not constitute financial, investment, or trading advice. It is recommended that readers consult with qualified financial advisors, conduct thorough due diligence, and consider their individual financial circumstances and risk tolerance before making any investment choices.
