Artificial intelligence (AI) has a great deal of potential, and its growing popularity is largely due to its capacity to help us find creative solutions to challenging problems. AI can aid us in decision-making by using data more skillfully than humans.
Recent investments from Silicon Valley goliaths like Microsoft, which supported the aforementioned OpenAI, show that AI is unquestionably here to stay.
Blockchain technology and artificial intelligence together offer a wide range of opportunities for both businesses and people. One way to profit from this technology is to use cryptocurrency, which enables investors to fund projects that make use of AI-powered solutions.
What Is the Distinction Between AI and Cryptocurrency?
A relatively new form of digital currency called AI cryptocurrency is rising in acceptance among cryptocurrency users. It differs from other crypto coins in several ways, with its utility being the most obvious. AI platforms that allow users to build and use AI-powered applications are frequently included in AI coins.
As a result, users can develop and use sophisticated algorithms to automate trading, manage their crypto assets more effectively, and make better investment decisions.
AI cryptocurrency uses blockchain technology, which makes it less susceptible to malicious attacks. A decentralised marketplace and network can also be used with AI crypto, enabling users to trade tokens directly on the blockchain without the involvement of a middleman.
It also has a special system that honors users for their network contributions. This encourages individuals to join the network and support its expansion by offering beneficial services or data. Ai-based cryptocurrency is a desirable option for investors looking for a substitute for conventional cryptocurrencies because of all these features.
Top 5 Artificial Intelligence (AI) Cryptocurrencies
Numerous projects are using AI to enhance their services and products, making it one of the most promising technologies in this field. As a result, the market has seen the emergence of several cryptocurrencies with an AI focus.
The best investments for those looking to enter the cryptocurrency market include these five AI-related cryptocurrencies. They offer a variety of advantages and features, from improved security to quicker transaction times. Because each coin has a unique set of benefits, research the coin thoroughly before making an investment.
Ocean Protocol (OCEAN)
An open-source protocol called the Ocean Protocol enables safe and open data exchange and monetization for both individuals and organizations. It enables developers to create software that makes use of its many features, including the ability to securely access data from various sources, such as both public and private data repositories.
Ocean Protocol also acts as a secure marketplace where data owners and buyers can exchange, buy, or sell data assets.
Users of the protocol benefit from enhanced security, privacy, transparency, scalability, and cost savings, among other benefits. Additionally, it gives users the ability to manage their data assets in a secure setting while limiting who can access or utilise the data.
Additionally, it gives users the ability to design smart contracts that streamline the transfer of digital assets between parties. The decentralised architecture of Ocean Protocol enables users to interact without the need for third-party intermediaries.
A decentralised network of coordinated AI services is supported by the open-source protocol and smart contract collection known as SingularityNET. It enables developers to monetize AI services on a distributed network by utilising the Ethereum blockchain and tokenized incentives to unite the various stakeholders.
The objective is to promote an environment where AI services are easy to develop, distribute, and incorporate into applications. With the ability to develop AI applications that communicate with other network applications, developers will be able to quickly search for, purchase, and sell AI services in an effective marketplace.
It is simpler for developers to create potent applications that fully exploit the potential of machine learning when they have access to a wide variety of AI algorithms and data sources.
Additionally, SingularityNET gives programmers the resources they need to quickly integrate their own unique algorithms onto the platform and take advantage of the network’s collective intelligence. The way we view artificial intelligence and its potential uses in our daily lives is evolving thanks to SingularityNET.
An open-access blockchain network called Fetch.ai employs decentralised artificial intelligence and machine learning to promote the expansion of the digital economy with the least amount of human intervention. The platform provides programmers with the resources they need to build autonomous agents that can communicate with the network and improve transportation, supply chains, smart homes, and other sectors. The native token (FET) of Fetch.ai rewards miners for validating fresh blockchain blocks, encouraging network users, and streamlining transactions.
A decentralised economy of agents, data, services and digital assets is part of the Fetch.ai network and can work together to find, bargain for, and carry out services. This makes it possible to allocate resources effectively in an unreliable environment without the need for centralised intermediaries or labor-intensive manual procedures.
Additionally, thanks to its AI-driven technology, users can create intricate economic models that can be used to optimise operations and cut costs. Through its cutting-edge use of blockchain technology, Fetch.ai is laying the groundwork for an autonomous, agent-powered, more effective digital economy.
The Numerai software platform, which functions similarly to a hedge fund portfolio management and trading platform, is powered by the blockchain-based token Numeraire (NMR). The Ethereum blockchain-based NMR token is used to reward traders who correctly predict changes in the market.
In addition to enabling hedge funds and other financial institutions to access sophisticated trading strategies without having to make costly infrastructure investments or hire specialised personnel, this also encourages people to take part in its activities.
The Numerai Signals application and the Numerai Tournament application are the two applications that Numerai offers. Users of the Signals app can submit stock price forecasts to be reviewed by an AI system. If their predictions are accurate, they will receive NMR tokens as payment.
Users can compete in stock price prediction tournaments using the Tournament application, with prizes given out in NMR tokens. In addition to helping financial institutions gain access to sophisticated trading strategies without having to make significant investments in infrastructure or personnel, Numerai has developed a novel way for traders to make money.
Deep Brain Chain (DBC)
The revolutionary distributed AI computing platform DeepBrain Chain (DBC) uses blockchain technology to deliver secure, private, and affordable access to AI capabilities. By using DBC tokens as payment, it enables developers to rent computing power from other network users.
This model significantly lowers the cost of maintaining AI applications, making them more accessible to businesses. Large corporations have already used DeepBrain Chain to create cloud-based games, semiconductor simulations, and medication.
The platform also has a privacy layer to make sure that no private information is disclosed without authorization. This is particularly crucial in sectors like healthcare, where data security is essential. Using DeepBrain Chain, companies can process and store data safely while taking advantage of distributed computing networks’ scalability and cost advantages.
The platform has already been adopted by some of the most prestigious companies in the world, demonstrating its potential to fundamentally alter how we use AI technology in the future.
With many advantages for users, including enhanced security, privacy, transparency, scalability, and cost savings, AI cryptocurrency is a relatively new type of digital currency that has been gaining traction in the crypto space. To make the best choice, it’s critical to conduct research before buying any coin.