At the crossroads of two revolutionary technologies, artificial intelligence (AI) and cryptocurrencies, a new breed of tokens termed AI crypto is making waves. These unique tokens serve as the operational fuel of AI platforms underpinned by blockchain. Three promising AI crypto projects currently contributing significant value in this intersection are SingularityNET, Ocean Protocol, and yPredict.
SingularityNET, initiated in 2017 by Dr. Ben Goertzel and Dr. David Hanson, stands as an open-access AI marketplace facilitated by blockchain. The platform not only cherishes the ambition of developing artificial general intelligence (AGI) but also serves as a community hub where developers can hone AI services. The marketplace includes diverse AI utilities such as voice cloning and image generation that are designed to be user-friendly for the uninitiated. The platform’s native currency, AGIX, has evolved to support multiple blockchain systems from Ethereum to Polygon, to Binance Smart Chain.
Part of the project’s success lies in fostering a transparent transaction environment through the use of smart contracts. These are automatically set prices for AI services, ensuring no single entity holds excessive control or limits access. Notably, the AGIX token plays a multi-pronged role in this ecosystem from facilitating payments for AI services, influencing governance decisions to boosting liquidity through staking.
Similarly, Ocean Protocol aims to transform data into a tradable commodity. Launched in 2017, it uses a unique protocol that allows data providers to sell access to their information. The platform’s native currency OCEAN, functions as a principal transaction medium and facilitates community governance and staking.
Then there is yPredict, still in its early stages, and making headway in creating an AI-driven crypto analysis ecosystem. The platform, functioning on the Polygon Matic chain, focuses on developing a prediction marketplace. This enables financial data scientists to monetize their predictive models by converting them into subscription services that are paid using YPRED tokens.
Despite this exciting amalgamation of AI and blockchain, it’s essential to keep in mind that any venture into cryptocurrency remains a high-risk pursuit and can lead to potentially severe capital losses. Nevertheless, the fusion of AI and cryptocurrencies is undeniable. As technology advances, the impetus for such collaborations will only increase, expanding the possibilities of what these technologies can achieve together.
Source: Cryptonews
