Artificial Intelligence (AI) and cryptocurrency are two technologies that have recently transformed many sectors. The amalgamation of these two has given rise to the development of highly sophisticated digital tokens, and as a result, we’ve seen an increase in the number of AI-based crypto projects in the market. In this article, we will discuss the top 10 AI crypto projects that are expected to make a significant impact in 2023.
The Graph (GRT)
The Graph is an AI crypto project that allows developers to create Decentralized Applications (Dapps) on Ether and IPFS using GraphQL. The platform aims to improve the overall Web 3 experience by outperforming existing centralized options. Furthermore, this AI crypto initiative enables anyone to create and share APIs known as subgraphs. Over 3000 subgraphs have been released by coders at the moment this is written.
SingularityNET (AGIX)
SingularityNET is a decentralized AI platform that seeks to develop a decentralized, democratic, inclusive, and helpful Artificial General Intelligence (AGI). This AI crypto project will make it simple for anyone to develop, distribute, and sell AI services using their blockchain technology.
Render Token (RNDR)
The Render network is a decentralized platform that connects users who want to perform render tasks with individuals who have spare processors to process them. For example, GPU owners who are also node administrators will link to the Render Networks to run OctaneRender rendering tasks.
Fetch.ai (FET)
Fetch.ai is an Ethereum layer-1 network that serves as an interchain gateway to the rest of the blockchain universe. Its blockchain and artificial intelligence features enable anyone to link to and access private datasets while performing tasks autonomously. The Fetch.ai ecosystem is also influenced by multi-agent systems AI, which is suitable for multi-stakeholder settings. FET, the AI crypto project’s native currency, is used as the main way to exchange to pay for activities within its network.
The Oasis Network (ROSE)
The Oasis Network is entirely dedicated to offering a private layer for Web3. With the simple-to-integrate, UX-friendly Oasis Privacy Layer, this network adds secrecy to current dApps on any EVM network. Artificial intelligence, on the other hand, could be dangerous if it offers biased information and breaches users’ privacy. To ensure that AI systems are secure and ethical, Oasis Network intends to use its privacy infrastructure to handle potential AI privacy issues.
Injective (INJ)
Injective is a layer-1 blockchain network that was created primarily for DeFi apps and offers a “plug-and-play” financial system. Injective promises to be the initial blockchain to give auto-executing smart contracts by incorporating AI into its systems. Users will be able to quickly start dApps using Injective’s CosmWasm smart contract layer thanks to the automation feature.
Ocean Protocol (OCEAN
Ocean Protocol is a relatively new AI crypto project that aims to provide public access to data, reducing the monopolistic control of organizations in the data and AI sectors. By allowing trades to take place with ERC-20 smart contract tokens, the Ocean Protocol can unlock the value of data. Ocean Protocol guarantees open access to data, data control, and network development.
Exec RLC (RLC)
Exec RLC (iExec) focuses on bridging the gap between resource providers and users to create the next iteration of the Internet. This AI crypto initiative also leverages the capabilities of blockchain and secure computing to create a productive atmosphere for Requesters, Providers, and Developers. Blockchain establishes a market network in the iExec RLC environment where individuals earn rewards through processing capacity.
Artificial Liquid Intelligence (ALI)
Althea’s Artificial Liquid Intelligence (ALI) token functions as the platform’s administration token, enabling token users to engage in decision-making that affects the platform. ALI also provides access to Althea AI’s innovative universe of innovation, enabling users to work across multiple initiatives. Furthermore, Business Insider named Althea the future rival of OpenAI, citing the community’s strong interest in artificial intelligence. Althea is well-known for producing Dapps such as Noah’s Ark and Character.
Numeraire (NMR)
Numeraire is an Ethereum-based ecosystem that enables developers and data scientists to demonstrate more reliable machine-learning models. According to reports, this AI crypto initiative is the first hedge fund to debut cryptocurrency and use machine learning in its investment strategy, depending heavily on data and forecasts produced by Numerai Tournament participants. With their novel concept, Numeraire rewards participants with NMR tokens, the native currency of this AI crypto project, whose model performs well during the competition.
Hivemind (HIVE)
Hivemind uses the concept of prediction markets to provide accurate and decentralized forecasting. It is an AI crypto initiative that leverages blockchain technology to create prediction markets on topics such as politics, sports, finance, and climate change. Hivemind is built on top of the Bitcoin network and operates using its own native token, HIVE.
Conclusion
AI and cryptocurrency are two of the most groundbreaking technologies of our time, and their convergence is already creating significant developments in various industries. The projects mentioned above are the top 10 AI crypto projects to watch in 2023, but there are many others worth keeping an eye on as well. As more industries continue to adopt AI and cryptocurrency, the demand for innovative projects that combine these technologies will only increase.
