Crypto has long been the darling of the tech world, but it now appears to be taking a backseat to AI, as many start-ups shift their focus towards AI-powered solutions. AI conferences and events are becoming increasingly popular, while crypto-focused events seem to be dwindling. Despite this, some argue that pitting Crypto against AI is the wrong approach, as Web3 and blockchain projects continue to be built and integrated with AI technologies.
Even within the crypto sphere, the focus has shifted, with investors moving from solely crypto funds to DeFi, blockchain gaming, and now AI. The fact that projects like SingularityNET, Ocean Protocol, and Cortex have been working on decentralized AI solutions highlights the potential for collaboration. Crypto enthusiasts argue that blending the two tech worlds could provide training and insights that are useful in both fields.
There are several potential areas of AI and crypto overlap, including increased productivity in Web3 projects, the possibility of creating decentralized AI models through the blockchain, enhancing crypto trading capabilities, and reinforcing measures against scams and hacks. Furthermore, AI could be used to build a better user interface and immersive worlds for the metaverse.
AI integration with crypto could also potentially have implications for the environment, as both technologies require significant amounts of energy. At the same time, however, the deployment of AI agents could lead to a mass-market use of cryptocurrencies. As AI becomes more advanced and autonomous, cryptocurrency may become the default means of exchange for AI transactions.
Despite the recent interest in AI, experts don’t expect it to have a detrimental impact on funding for Web3 projects. As AI and crypto are essentially “tools in a toolbox,” their collaboration and interdependence should create a cohesive ecosystem rather than competition.
However, it’s essential to consider the less optimistic possibilities, such as the risk of AI becoming too advanced and causing unintended harm, potentially utilizing crypto as part of its nefarious plans. With this in mind, it’s crucial for Web3 and AI proponents to work together, leveraging their expertise to find ways to collaborate and minimize potential risks. The future of tech will likely be characterized by the convergence of AI and crypto, and with cooperation, their potential is boundless.
Source: Coindesk
