Artificial Intelligence has grown tremendously in the last few years with models like ChatGPT from Bing showcasing the intuitive capabilities of the technology. The same thing can be witnessed in the blockchain space as the world of cryptocurrencies becomes globally accepted and integrated into real-world scenarios. It is only obvious that AI and blockchain together have the potential to unlock a new world of opportunities for the global population.
Several crypto projects have experimented with AI and it’s safe to say, they have been making headway in numerous ways. Today, we will be taking a look at some of the key updates from the top crypto projects and how they can be influential for the blockchain space.
Top AI Crypto Projects
These are some of the top crypto projects implementing the automation prowess of AI.
Cortex is an innovative cryptocurrency project that leverages the Ethereum blockchain to bring AI capabilities to smart contracts. By incorporating AI models into their smart contracts, users can unlock a vast array of functionalities and possibilities.
Compared to traditional Ethereum smart contracts, Cortex introduces a paradigm shift by infusing AI-driven dApps into its platform. These decentralized applications can be employed in diverse applications such as crypto gaming, crypto lending, and the regulation of AI-based stablecoins.
The core features and advantages offered by Cortex include:
- AI-Powered Smart Contracts: Cortex empowers smart contracts with AI capabilities, enabling advanced analytics, data processing, and autonomous decision-making functionalities.
- Marketplace for AI Models: Cortex provides a dedicated marketplace for AI models, offering developers an opportunity to monetize their models and allowing users a wide range of options to integrate AI into their smart contracts.
- Diverse Use Cases: Cortex’s AI-driven dApps can be applied in various scenarios, including play-to-earn crypto games, crypto lending platforms, and governance of stablecoins based on AI algorithms.
Cortex has recently unveiled ZkMatrix, a Layer2 Solution that utilizes zkRollup technology to integrate batch transitions on the side chain into a single transaction on the main chain, to expand transaction processing speed and reduce Endorphin fees.
SingularityNET is a cutting-edge decentralized marketplace that revolutionizes the world of AI services. It serves as a collaborative platform where developers can seamlessly collaborate, share, and monetize their AI algorithms. With a focus on creating a global AI economy for cryptocurrencies, SingularityNET supports a wide range of AI technologies, including machine learning, deep learning, and natural language processing.
Key Features and Benefits:
- Decentralized Marketplace: SingularityNET provides a decentralized marketplace that connects AI developers with users, offering them a platform to showcase and monetize their AI algorithms. This enables seamless interaction and collaboration between developers and users.
- Multiple AI Technologies: The platform embraces and supports a diverse array of AI technologies, facilitating knowledge sharing and collaboration among developers. By bringing together different expertise and perspectives, SingularityNET promotes innovation and the development of complex AI projects.
- Global AI Economy: SingularityNET aims to foster a global AI economy by utilizing cryptocurrencies as a means of facilitating transactions. By leveraging the power of cryptocurrencies, the platform enables seamless and efficient transactions while fostering innovation across various industries.
SingularityNET is currently working on launching a staking platform which can integrate AI with staking mechanisms for better yields and security.
Ocean Protocol is an innovative decentralized data exchange platform that revolutionizes the way data is shared for AI training and analysis. By harnessing the power of blockchain technology and AI, it establishes a secure and privacy-preserving ecosystem where data providers and consumers can collaborate and transact seamlessly, facilitated by its native token, OCEAN.
Key Features and Benefits:
- Data Marketplace: The platform creates a decentralized marketplace that connects data providers and consumers. This collaborative environment allows users to discover, negotiate, and transact data for AI training and analysis, fostering a vibrant ecosystem of data-driven innovation.
- AI Integration: Ocean Protocol incorporates AI algorithms to enhance data search, discovery, and analysis processes. By leveraging AI capabilities, users can efficiently find relevant and high-quality data that aligns with their specific AI applications, boosting the effectiveness and accuracy of their AI models.
Ocean Protocol is being extensively used by other projects such as DeltaDAO to build Europe’s new state-of-the-art data network.
All of these crypto projects like many others are integrating AI with revolutionary blockchain technology to create a more lucrative, safe, automated, and optimized universe for the users.