Artificial Intelligence and Cryptocurrencies are two powerful technologies. Both industries have received dramatic growth and increase over the years. While cryptocurrencies are considered an important asset class, Artificial Intelligence has the power to disrupt every industry, crypto being one of them.
With the highest value of crypto in 2021, the crypto industry has observed a huge surge in terms of cryptocurrency owners and traders. Today, there are over 300 billion crypto owners around the world, and the numbers are only increasing. The Next-Gen millennials and investors are all rushing to invest in the virtual asset class.
Every year new coins, tokens, NFTs, etc are added to the industry that showcases tremendous profits. Now that AI has revealed its true potential, the two powerful industries have joined hands to develop AI coins.
Artificial Intelligence is already used in several products, for example in self-driving cars, beating chess players, and even for writing articles, letters, codes, etc. Experts believe that its use in the crypto industry can be huge, as cryptocurrencies will focus on robotics and virtual reality. Artificial Intelligence has limitless power, and now, it has found its way into the crypto space.
The AI coins are tokens that power the Artificial Intelligence integrated blockchain platforms such as SingularityNET, and The Graph. The AI coins are set to rule the industry in the coming days. These AI coins help users to enjoy the advantages of integrated AI technology in blockchain networks and unlimited possibilities for new applications. According to a survey conducted on February 2023, the market value of AI coins was nearly $1.6 billion.
At present, there are several AI coins available in the market. In this article, we will evaluate the new ascending crypto category and its future in the industry.
SingularityNET is a decentralized platform for AI services, where AI algorithms and models can be published, discovered, and consumed by developers and businesses. The platform operates on blockchain technology and is built on the Ethereum network. The native cryptocurrency of the SingularityNET platform is called AGIX.
AGIX is an ERC-20 token that is used to access AI services on the SingularityNET platform. The token serves as a means of payment for AI services, as well as a tool for incentivizing participation in the platform. For example, users can earn AGIX tokens by contributing computational resources to the network or by providing valuable data that can be used to train AI models.
In summary, SingularityNET is a decentralized platform for AI services, and AGIX is the native token used to access and participate in the network.
Fetch.ai is a decentralized platform that aims to provide a new way for digital assets and services to interact with each other in a scalable and secure manner. The platform leverages AI and blockchain technology to facilitate the creation of autonomous economic agents that can interact with each other in a decentralized marketplace.
The FET (Fetch.ai) token is the native cryptocurrency of the Fetch.ai platform. It is an ERC-20 token that is used as a means of exchange and payment within the network. FET tokens are used to pay transaction fees, participate in the consensus process, and incentivize network participants. They also play a role in enabling the development and deployment of autonomous agents on the Fetch.ai platform.
In short, Fetch.ai is a decentralized platform that uses AI and blockchain technology to enable autonomous economic agents to interact with each other, and FET is the platform’s native token that is used to incentivize network participants, pay transaction fees, and enable the deployment of autonomous agents.
The Artificial Liquid Intelligence (ALI) Utility Token powers the AI Protocol. This ERC-20 token is the exclusive means of exchange within the AI Protocol and its accompanying decentralized applications. The ALI Utility Token serves to regulate, incentivize, and compensate the various players involved in the AI Protocol.
It is important to thoroughly research and understand the specifics of the ALI Utility Token, including its use cases, adoption, and the technology and team behind it, before investing in it or any other cryptocurrency. This can help you to make informed decisions and understand the potential risks and rewards of investing in the token.
Ocean Protocol is a decentralized platform that aims to unlock data for AI by enabling the secure and private sharing of data and services. The platform is designed to provide a secure and transparent marketplace for data, where data providers can monetize their data and data consumers can access high-quality data for their AI projects.
Ocean Protocol operates on blockchain technology and uses token economics to incentivize network participants and ensure data security and privacy. The native cryptocurrency of the Ocean Protocol network is OCEAN.
OCEAN is an ERC-20 token that is used to access data and services on the Ocean Protocol platform. The token is used as a means of payment for data and services, as well as a tool for incentivizing network participation, such as contributing computational resources or data to the network.
In summary, Ocean Protocol is a decentralized platform that enables the secure and private sharing of data and services for AI, and OCEAN is the native token used to access and participate in the network.