The world of cryptocurrency is constantly changing and expanding. From its origins with Bitcoin, the market has grown to include a variety of digital tokens, with AI-based cryptocurrencies capturing the attention of many in the community.
AI cryptos are the product of the amalgamation of two cutting-edge technologies, blockchain and artificial intelligence. These digital tokens have incorporated AI features to provide the community with the benefits of both technologies. Initially, AI cryptos were mostly used for transactions within their native blockchain network. However, as the potential of this technology was recognized, it was noted that AI cryptos can create a dynamic environment with automated and faster transactions.
The process of rendering, which involves creating high-resolution images and videos, is complex and demanding. To address this challenge, the Render Network was established with the aim of democratizing GPU cloud rendering worldwide.
Render Network serves as a platform connecting users seeking to perform rendering jobs with individuals who possess idle GPUs to process them. Node operators, who are also GPU owners, connect to the Render Network to perform rendering jobs using OctaneRender.
To pay for the rendering jobs, users will use RNDR, an ERC-20 utility token that can be used for both manual and automated rendering jobs. As of now, RNDR is the third-largest AI crypto token with a market cap of $518,794,769 and has experienced an 11.85% price surge in 24 hours. With a price of $1.44, RNDR has climbed by 28.30% in the past seven days, demonstrating its potential as a leader in the rendering industry.
The Oasis Network is a privacy-focused Web3 platform designed for developers. Its privacy layer, the Oasis Privacy Layer, adds confidentiality to existing dApps on any EVM network, making it easy to integrate and user-friendly.
With the increasing demand for AI, the Oasis Network recognizes the potential risks associated with biased information and privacy violations. To ensure the ethical use of AI, the network plans to use its privacy infrastructure to address privacy concerns in AI systems.
ROSE is the utility token used for transactions, staking, and delegation within the Oasis Network. At the time of writing, ROSE is priced at $0.06583, with a 20.94% increase in the last seven days. ROSE's market cap of $377,388,117 makes it the fifth-ranked AI coin by CoinMarketCap. The increased trading volume of ROSE suggests a rising demand for this AI token.
Ocean Protocol is an emerging AI crypto project that aims to reduce the monopolistic control of organizations in the data and AI sector by unlocking the value of data for the public. The protocol achieves this by allowing transactions to take place with ERC-20 smart contract tokens, ensuring open access to data, providing data governance, promoting the network’s growth, and ensuring every step is a journey toward decentralization.
OCEAN, the utility token of Ocean Protocol, allows users to stake on data for curation, to buy and sell data, and is the basic unit of exchange in the Ocean Protocol Market. The project rewards data publishers for releasing data sets on the network, while also enabling consumers to access previously hard-to-find data sets. With a market cap of $326,241,518, Ocean Protocol has the potential to revolutionize the AI crypto sector by unlocking the full potential of data.
Numeraire is an Ethereum-based ecosystem that was established in 2015 by Richard Craib, making it the first hedge fund to use machine learning and launch crypto in its investment strategy. The AI crypto project allows developers and data scientists to showcase their machine learning models, improving reliability.
Numeraire's unique approach involves hosting the Numerai Tournament, where participants generate data and predictions, and the project awards NMR tokens to those whose models perform well during the tournament. The more people participate, the more valuable NMR becomes, providing an additional incentive for people to join.
Numeraire's reliance on AI-generated data prediction gives it a significant edge in the stock trading market. Therefore, the project's strategy could revolutionize the way hedge funds operate in the future.
Althea's Artificial Liquid Intelligence (ALI) token is quickly gaining recognition as one of the top AI crypto tokens available. As the governance token for its platform, ALI allows token holders to participate in decision-making processes that affect the platform. Additionally, ALI provides access to Althea AI's innovative world of AI-driven projects.
Recently, Business Insider named Althea AI as an upcoming competitor to OpenAI due to the significant interest in Artificial Intelligence within the community. Althea AI is the birthplace of several notable Dapps, such as Noah’s Ark and CharacterGPT. It is known as the "world's first Intelligent Metaverse," as it combines the features of an AI protocol, enabling users to create intelligent NFTs (iNFTs) and providing an opportunity for innovative interaction.
iExec RLC is a cutting-edge AI crypto project that seeks to create a new generation of the internet by bridging the gap between resource providers and users. By leveraging blockchain and confidential computing, iExec RLC aims to create an efficient environment for developers, providers, and requesters.
In the iExec RLC network, blockchain technology creates a market network that rewards users with computing power, applications, and datasets. The platform makes it easy for Dapps to access servers, data sets, and computing resources across the network. Additionally, iExec RLC promotes a Virtual Cloud Infrastructure that provides high-performance computing services on demand.
iExec RLC's native token, RLC, is used as a conduit for conducting transactions and gaining access to computing assets by exchanging RLC. At the time of writing, RLC is priced at $2.30, with a market cap of $179,722,473, earning it a spot as one of the top AI coins according to CoinMarketCap.
The primary goal of The Graph is to improve the overall Web 3 experience by providing a better alternative to the current centralized solutions. Additionally, this AI crypto project enables anyone to build and publish APIs, known as subgraphs. Currently, developers have deployed over 3000 subgraphs.
The Graph's unique Query Layer is designed to allow developers to query a peer-to-peer network of indexing nodes using GraphQL and verify the results on the client. According to CoinMarketCap's rankings, GRT, the native token of The Graph, is listed under the top 50 cryptos and ranks first among the top AI cryptos. The Graph's exceptional features and remarkable performance have secured its position as the leading AI crypto project of 2023.
Injective's notable dApps include Helix, Frontrunner, and Astroport, which provide an Orderbook Exchange, a prediction market, and an automated market maker (AMM) exchange, respectively.
Governed by a global decentralized autonomous organization (DAO) community through its native token, INJ, Injective's market cap currently stands at $309,700,472, making it the sixth-ranked AI coin according to CoinMarketCap. At the time of writing, INJ is priced at $4.24, experiencing a surge of 37.30% in seven days.
SingularityNET's range of technologies includes Artificial Intelligence, AI Marketplace, AI Publisher, AI – Domain Specific Language (DSL), AGIX Token Tools, and AGIX Staking & Bridge. One of their flagship projects, OpenCog Hyperon, is designed to be faster, more scalable, and flexible, making it easier to learn and use.
AGIX, the native token of SingularityNET, is a utility token used throughout the platform for transaction management and decentralized community governance. As a multichain token, AGIX can be used across multiple networks such as Ethereum and Cardano. With a market cap of over $654 million, SingularityNET's AGIX is a significant player in the AI crypto space, transforming the AI marketplace by offering a decentralized, open platform for AI services.
Fetch.ai serves as an interchain bridge to other blockchains and identifies itself as a layer-1 network for Ethereum. Its AI and blockchain capabilities enable secure data access and autonomous AI task completion for anyone. The AI system in Fetch.ai is inspired by Multi-Agent Systems, which is ideal for multi-stakeholder environments.
The project's native token, FET, is crucial to the ecosystem, serving as the primary medium of exchange for transactions.
The future of AI and crypto is unpredictable, with innovators constantly seeking to enhance the lives of future generations. Already, AI has revolutionized our lives, simplifying tasks such as information search. For example, instead of scouring the internet for data, AI-powered tools like ChatGPT can filter out irrelevant information and provide valuable answers instantly.
The AI crypto universe is vast, and its potential is enormous. With the flexibility of AI and the decentralization of cryptocurrencies, this technology is set to transform numerous sectors in the years to come. The intersection of AI and crypto will witness exponential growth, leading to exciting new possibilities in the future.
AI cryptos can be purchased on various crypto exchanges, including Binance, Coinbase, and Crypto.com, as well as decentralized exchanges like Pancake Swap.
The future of AI cryptos is promising, as they are evolving beyond their initial transactional use and being utilized across multiple ecosystems. As they continue to advance, AI cryptos will play a significant role in multiple sectors.
 |
| 10 AI Crypto Projects |
Exploring the Fusion of Blockchain and Artificial Intelligence: AI Cryptos
AI cryptos are the product of the amalgamation of two cutting-edge technologies, blockchain and artificial intelligence. These digital tokens have incorporated AI features to provide the community with the benefits of both technologies. Initially, AI cryptos were mostly used for transactions within their native blockchain network. However, as the potential of this technology was recognized, it was noted that AI cryptos can create a dynamic environment with automated and faster transactions.
The Fusion of AI and Cryptocurrency: Why It Matters
In today's world, there is an abundance of information available, and filtering through it can be a daunting task. This is where Artificial Intelligence (AI) comes into play. With its ability to process vast amounts of data and learn new information, AI has made our lives easier and more efficient.
At the same time, blockchain technology has disrupted traditional industries by introducing trustless connections and reducing control. Cryptocurrencies, built on blockchain, have become a popular means of conducting transactions and storing value.
The convergence of AI and blockchain has given birth to AI cryptocurrencies, opening up new possibilities for innovation and development. These digital tokens have already made an impact in various industries, showcasing the utility of these highly-advanced technologies.
In this guide, we will delve deeper into the importance of AI and blockchain, and explore the top 10 AI crypto projects to watch out for in 2023.
At the same time, blockchain technology has disrupted traditional industries by introducing trustless connections and reducing control. Cryptocurrencies, built on blockchain, have become a popular means of conducting transactions and storing value.
The convergence of AI and blockchain has given birth to AI cryptocurrencies, opening up new possibilities for innovation and development. These digital tokens have already made an impact in various industries, showcasing the utility of these highly-advanced technologies.
In this guide, we will delve deeper into the importance of AI and blockchain, and explore the top 10 AI crypto projects to watch out for in 2023.
Top 10 AI Crypto Projects in 2023
1. Render Token (RNDR): Revolutionizing Rendering with the Power of AI
Market Cap: $518,794,769The process of rendering, which involves creating high-resolution images and videos, is complex and demanding. To address this challenge, the Render Network was established with the aim of democratizing GPU cloud rendering worldwide.
Render Network serves as a platform connecting users seeking to perform rendering jobs with individuals who possess idle GPUs to process them. Node operators, who are also GPU owners, connect to the Render Network to perform rendering jobs using OctaneRender.
To pay for the rendering jobs, users will use RNDR, an ERC-20 utility token that can be used for both manual and automated rendering jobs. As of now, RNDR is the third-largest AI crypto token with a market cap of $518,794,769 and has experienced an 11.85% price surge in 24 hours. With a price of $1.44, RNDR has climbed by 28.30% in the past seven days, demonstrating its potential as a leader in the rendering industry.
2. Oasis Network's ROSE Token: Safeguarding Privacy in the World of Artificial Intelligence
Market Cap: $377,388,117The Oasis Network is a privacy-focused Web3 platform designed for developers. Its privacy layer, the Oasis Privacy Layer, adds confidentiality to existing dApps on any EVM network, making it easy to integrate and user-friendly.
With the increasing demand for AI, the Oasis Network recognizes the potential risks associated with biased information and privacy violations. To ensure the ethical use of AI, the network plans to use its privacy infrastructure to address privacy concerns in AI systems.
ROSE is the utility token used for transactions, staking, and delegation within the Oasis Network. At the time of writing, ROSE is priced at $0.06583, with a 20.94% increase in the last seven days. ROSE's market cap of $377,388,117 makes it the fifth-ranked AI coin by CoinMarketCap. The increased trading volume of ROSE suggests a rising demand for this AI token.
3. Ocean Protocol (OCEAN): Revolutionizing the AI Crypto Sector by Unlocking Data
Market Cap: $326,241,518Ocean Protocol is an emerging AI crypto project that aims to reduce the monopolistic control of organizations in the data and AI sector by unlocking the value of data for the public. The protocol achieves this by allowing transactions to take place with ERC-20 smart contract tokens, ensuring open access to data, providing data governance, promoting the network’s growth, and ensuring every step is a journey toward decentralization.
OCEAN, the utility token of Ocean Protocol, allows users to stake on data for curation, to buy and sell data, and is the basic unit of exchange in the Ocean Protocol Market. The project rewards data publishers for releasing data sets on the network, while also enabling consumers to access previously hard-to-find data sets. With a market cap of $326,241,518, Ocean Protocol has the potential to revolutionize the AI crypto sector by unlocking the full potential of data.
4. Numeraire (NMR): The AI Crypto Project Pioneered by a Hedge Fund
Market Cap: $142,323,009Numeraire is an Ethereum-based ecosystem that was established in 2015 by Richard Craib, making it the first hedge fund to use machine learning and launch crypto in its investment strategy. The AI crypto project allows developers and data scientists to showcase their machine learning models, improving reliability.
Numeraire's unique approach involves hosting the Numerai Tournament, where participants generate data and predictions, and the project awards NMR tokens to those whose models perform well during the tournament. The more people participate, the more valuable NMR becomes, providing an additional incentive for people to join.
Numeraire's reliance on AI-generated data prediction gives it a significant edge in the stock trading market. Therefore, the project's strategy could revolutionize the way hedge funds operate in the future.
5. Althea AI's Artificial Liquid Intelligence (ALI): The Emerging AI Crypto Token to Watch
Market Cap: $285,895,992Althea's Artificial Liquid Intelligence (ALI) token is quickly gaining recognition as one of the top AI crypto tokens available. As the governance token for its platform, ALI allows token holders to participate in decision-making processes that affect the platform. Additionally, ALI provides access to Althea AI's innovative world of AI-driven projects.
Recently, Business Insider named Althea AI as an upcoming competitor to OpenAI due to the significant interest in Artificial Intelligence within the community. Althea AI is the birthplace of several notable Dapps, such as Noah’s Ark and CharacterGPT. It is known as the "world's first Intelligent Metaverse," as it combines the features of an AI protocol, enabling users to create intelligent NFTs (iNFTs) and providing an opportunity for innovative interaction.
6. iExec RLC (RLC): Revolutionizing the Intersection of AI and Crypto
Market Cap: $179,722,473iExec RLC is a cutting-edge AI crypto project that seeks to create a new generation of the internet by bridging the gap between resource providers and users. By leveraging blockchain and confidential computing, iExec RLC aims to create an efficient environment for developers, providers, and requesters.
In the iExec RLC network, blockchain technology creates a market network that rewards users with computing power, applications, and datasets. The platform makes it easy for Dapps to access servers, data sets, and computing resources across the network. Additionally, iExec RLC promotes a Virtual Cloud Infrastructure that provides high-performance computing services on demand.
iExec RLC's native token, RLC, is used as a conduit for conducting transactions and gaining access to computing assets by exchanging RLC. At the time of writing, RLC is priced at $2.30, with a market cap of $179,722,473, earning it a spot as one of the top AI coins according to CoinMarketCap.
7. The Graph (GRT): The Leading AI Crypto Project of 2023
The Graph (GRT) has emerged as the most innovative AI crypto project in the current market. With a market cap of $1,261,618,381, The Graph describes itself as a decentralized query protocol for blockchains, allowing developers to build Dapps on Ethereum and IPFS using GraphQL easily. Even before the release of their protocol, The Graph attracted numerous projects and individuals.
The primary goal of The Graph is to improve the overall Web 3 experience by providing a better alternative to the current centralized solutions. Additionally, this AI crypto project enables anyone to build and publish APIs, known as subgraphs. Currently, developers have deployed over 3000 subgraphs.
The Graph's unique Query Layer is designed to allow developers to query a peer-to-peer network of indexing nodes using GraphQL and verify the results on the client. According to CoinMarketCap's rankings, GRT, the native token of The Graph, is listed under the top 50 cryptos and ranks first among the top AI cryptos. The Graph's exceptional features and remarkable performance have secured its position as the leading AI crypto project of 2023.
8. Injective (INJ): The Automated Executor of Smart Contracts for DeFi Applications
Injective is a layer-1 blockchain network that aims to provide a plug-and-play financial infrastructure for decentralized finance (DeFi) applications. By integrating artificial intelligence (AI) into its systems, Injective claims to be the first blockchain to offer auto-executing smart contracts, enabling users to easily launch dApps with its CosmWasm smart contract layer.
Injective's notable dApps include Helix, Frontrunner, and Astroport, which provide an Orderbook Exchange, a prediction market, and an automated market maker (AMM) exchange, respectively.
Governed by a global decentralized autonomous organization (DAO) community through its native token, INJ, Injective's market cap currently stands at $309,700,472, making it the sixth-ranked AI coin according to CoinMarketCap. At the time of writing, INJ is priced at $4.24, experiencing a surge of 37.30% in seven days.
9. SingularityNET (AGIX): Revolutionizing the AI Marketplace
SingularityNET is a groundbreaking AI crypto project that aims to democratize access to Artificial General Intelligence (AGI). With blockchain technology, SingularityNET allows anyone to create, share, and monetize AI services with ease, thereby creating a decentralized, democratic, inclusive, and beneficial ecosystem.
SingularityNET's range of technologies includes Artificial Intelligence, AI Marketplace, AI Publisher, AI – Domain Specific Language (DSL), AGIX Token Tools, and AGIX Staking & Bridge. One of their flagship projects, OpenCog Hyperon, is designed to be faster, more scalable, and flexible, making it easier to learn and use.
AGIX, the native token of SingularityNET, is a utility token used throughout the platform for transaction management and decentralized community governance. As a multichain token, AGIX can be used across multiple networks such as Ethereum and Cardano. With a market cap of over $654 million, SingularityNET's AGIX is a significant player in the AI crypto space, transforming the AI marketplace by offering a decentralized, open platform for AI services.
10. Fetch.ai (FET): Using Blockchain and AI to Create Profitable Solutions
With a market cap of $441,841,777, Fetch.ai ranks third on CoinMarketCap’s list of Top AI & Big Data Tokens by Market Capitalization. The project is built on the Cosmos-SDK interchain protocol and uses CosmWasm, a high-performance WASM-based smart contract language.
Fetch.ai serves as an interchain bridge to other blockchains and identifies itself as a layer-1 network for Ethereum. Its AI and blockchain capabilities enable secure data access and autonomous AI task completion for anyone. The AI system in Fetch.ai is inspired by Multi-Agent Systems, which is ideal for multi-stakeholder environments.
The project's native token, FET, is crucial to the ecosystem, serving as the primary medium of exchange for transactions.
The Intersection of AI and Cryptocurrencies: A Look into the Future
The world of cryptocurrencies and artificial intelligence (AI) is rapidly evolving, with many innovative projects merging the two technologies to create novel solutions. Some AI crypto projects serve as the backbone of their networks, while others leverage the strengths of both technologies to mitigate risks.The future of AI and crypto is unpredictable, with innovators constantly seeking to enhance the lives of future generations. Already, AI has revolutionized our lives, simplifying tasks such as information search. For example, instead of scouring the internet for data, AI-powered tools like ChatGPT can filter out irrelevant information and provide valuable answers instantly.
The AI crypto universe is vast, and its potential is enormous. With the flexibility of AI and the decentralization of cryptocurrencies, this technology is set to transform numerous sectors in the years to come. The intersection of AI and crypto will witness exponential growth, leading to exciting new possibilities in the future.
Frequently Asked Questions About AI Cryptos and Their Future
AI cryptos refer to digital tokens that incorporate both Artificial Intelligence and blockchain technology. They can be used for transactions within their native network and for purchasing data sets and earning rewards.AI cryptos can be purchased on various crypto exchanges, including Binance, Coinbase, and Crypto.com, as well as decentralized exchanges like Pancake Swap.
The future of AI cryptos is promising, as they are evolving beyond their initial transactional use and being utilized across multiple ecosystems. As they continue to advance, AI cryptos will play a significant role in multiple sectors.
0 Comments