In the realm of Virtual assets, the implementation of artificial intelligence (AI) takes on a new dimension. A memecoin, AstroPepeX, has been spawned by an anonymous ETH developer. The catch is – it was crafted by AI, specifically ChatGPT, on the lines of top-performing tokens’ data on the decentralized exchange platform, Uniswap.
This comes as a tangible demonstration of potential AI-Blockchain collaboration, encapsulating a unique fusion of humor and technology. The AI ChatGPT, upon adequate instruction and configuration, was successful in launching an ERC-20 token, dubbed “AstroPepeX,” currently valued at an estimated market cap of $3.5 million.
While innovations like this are celebrated among crypto enthusiasts, one must ponder the overreach of AI in a field already notorious for its unpredictability. Nonetheless, we may have to grow accustomed to such instances, as the integration has begun and looks unstoppable.
On the positive side, seamless incorporation of AI in token development also indicates viable accessibility to immature and small-scale developers, paving avenues for remarkable breakthroughs in the crypto world. Moreover, the metamorphosis from traditional manual coding to the deployment of AI-generated smart contracts is nothing short of a revolution.
However, the fusion of AI and Blockchain gives rise to a plethora of questions – who retains control over this kind of technology? What measures are there to stop AI meetups from creating and running away with hundreds of memecoins? Major repercussions arise as we tread further down this path, presenting a resistance towards the regulatory authorities attempting to control this Wild West of assets.
Moreover, it raises genuine questions about creativity rights. Who will bear the brunt if these AI-generated tokens plummet, leaving investors in losses? While earlier advancements relied on human skill and intellect, now we see machines fashioning tokens based on algorithms and mathematical calculations.
The creator of AstroPepeX ensured human intervention was ruled out after its deployment, but should these measures not be standardized across all such AI-generated blockchain modules? This is uncharted territory and the potential for AI ‘going rogue’ still remains a distinct possibility.
Variety and diversity are one of the most celebrated aspects of the crypto universe. With AstroPepeX, AI dug its heels into this domain, elevating the competition and intrigue to a whole new level. That said, while we marvel at such AI accomplishments, it is crucial to consider the possible risks intertwined with such developments.
Source: Cointelegraph
