Artificial Intelligence (AI) has been rapidly advancing and is set to revolutionize numerous industries in the near future. Its integration with cryptocurrencies, smart contracts and everything in between, is one of the most exciting developments in the tech world. Crypto and AI combined have given rise to several new and innovative projects that are poised to disrupt traditional models and revolutionize the way we interact with technology.
Some of the potential uses of AI in crypto include:
In this article, we will delve into some of the promising AI projects that are making waves in the market. These AI cryptos aim to address various challenges faced by different industries and provide secure and efficient solutions through the use of blockchain technology. From open-source indexing protocols to decentralized machine-learning systems and tokenized service layers, the potential of AI in crypto is truly limitless.
The Graph is an open-source and decentralized indexing protocol for blockchain data. It allows developers to build various APIs known as subgraphs to carry out specific queries. The Graph network tackles the problem of query security and chain reorganization and provides a solution through its subgraphs. The Graph is designed to enable querying on the Ethereum network and provides a secure and efficient way to access and index blockchain data.
The vision to integrate core AI services in Graph is shown by the recent announcement of Semiotic team joining The Graph. Semiotic team joins as a core developer and awarded a $60 million grant over 8 years to support protocol R&D. This grant reflects a deepening relationship between The Graph ecosystem and Semiotic AI, a startup that builds secure, autonomous agents for decentralized markets. While Semiotic has been a Graph Grantee and working closely with the Edge & Node team since March 2021, the project will now also collaborate with other core dev teams and the rest of the community to build The Graph.
Fetch Network is an open and permissionless network that leverages AI to create a decentralized machine-learning system. It allows users to execute tasks on the blockchain and provides an AI network for blockchains. The network allows developers to build decentralized applications that can be used in various fields such as finance, logistics, and more.
The Fetch.ai network is an interchain protocol, based on the Cosmos-SDK, and uses a high-performance WASM-based smart contract language (CosmWasm). This also allows the Fetch.ai network to serve as a layer-1 network for Ethereum and as an interchain bridge to the rest of the blockchain world.
Ocean Protocol is a tokenized service layer that provides data, storage, compute, and algorithms for consumption. It uses deterministic proofs to serve as verifiable service agreements and helps to unlock data, particularly for AI. The protocol also includes staking on services to signal quality and reputation and provides protection against Sybil Attacks.
SingularityNET is an online marketplace dedicated to the buying and selling of AI algorithms. The intention is to connect the researchers who are creating AI apps and want to monetize them with the businesses that want to deploy AI algorithms to save money and improve their operations.
SingularityNET was founded with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence. An ‘AGI’ that is not dependent on any central entity, that is open for anyone and not restricted to the narrow goals of a single corporation or even a single country. SingularityNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. Our core platform and AI teams are further complemented by specialized teams devoted to application areas such as finance, robotics, biomedical AI, media, arts and entertainment.
Cortex is the first decentralized world computer capable of running AI and AI-powered dApps on the blockchain. The Cortex Virtual Machine (CVM) is EVM-compatible with added support for on-chain AI inference, which utilizes the GPU instead of the CPU to execute nontrivial AI models on the Cortex chain.
Cortex adds machine learning support to smart contracts and DApps to adapt to real-world use cases. Developers can use the popular language Solidity and off-the-shelf AI models on the Cortex storage layer to create AI-enhanced DApps and smart contracts.
Cortex seeks to foster an open-source ecosystem where AI researchers and developers are incentivized more than ever to share their models with the world.
The integration of AI and cryptocurrencies is still in its early stages, but it has the potential to revolutionize several industries. The emergence of AI-based cryptocurrencies such as The Graph, Fetch Network , Ocean Protocol, dKargo, and Cortex is proof of the potential of this integration. These cryptocurrencies provide innovative solutions to problems faced by various industries and have the potential to drive the adoption of AI and blockchain technology.