AI-focused cryptocurrencies are poised to take center stage as the world embraces AI. Focusing on many areas from virtual reality to robotics, these coins offer investors a one-of-a-kind opportunity to invest in the future of technology. According to analysts, these AI coin projects seem to be worth investigating, whether you’re an experienced investor or a beginner. Crypto expert Prasanna shares five AI coin projects worth watching in 2023. Here are the details…
Five AI coin projects to watch out for in 2023
Fetch.ai (FET)
Fetch (FET) is a cryptocurrency designed to power the Fetch.ai network. It is a decentralized platform that creates a digital marketplace using artificial intelligence (AI) and Blockchain technology. The Fetch.ai network enables the creation of autonomous agents that can interact with each other to buy and sell services in a decentralized, secure and transparent manner.
The FET serves as the medium of the platform and is also used to reward network participants for their contributions to the network. The Fetch.ai platform aims to make the exchange of goods and services in various industries more efficient, secure and transparent.
DeepBrain Chain (DBC)
DeepBrain Chain (DBC) is a decentralized platform that combines Blockchain technology with artificial intelligence (AI) to create a secure and efficient market for AI computing resources. Using Blockchain to create a decentralized network of computing resources, the platform aims to reduce the cost of AI development and deployment.
This network enables AI developers and businesses to access high-performance computing resources without relying on centralized providers, which can be costly and prone to downtime. The DeepBrain Chain token (DBC) is used as an intermediary within the platform and to encourage network participants to contribute computing resources to the platform.
SingularityNET (AGIX)
SingularityNET (AGIX) is a decentralized AI services platform that aims to provide a decentralized marketplace for AI services. AI developers and businesses can monetize their AI models and algorithms by making them available on the platform. The SingularityNET token (AGI) is used as a trading tool within the platform and to incentivize network participants to contribute AI services and resources to the platform.
The platform aims to facilitate the interoperability of AI models and algorithms by allowing the development of complex AI systems that can be combined to solve complex problems. It accomplishes this effort by establishing a decentralized marketplace for AI services.
Oasis Network (ROSE)
Oasis Network is a decentralized platform that uses Blockchain technology to build a secure and scalable infrastructure for decentralized applications (dApps) and services. The platform aims to provide a privacy-focused Blockchain infrastructure that allows developers to create and deploy dApps and services that protect user data and privacy.
To enable secure and private data processing and storage on the blockchain, the Oasis Network uses privacy-preserving technologies such as homomorphic encryption and zero-knowledge proof. ROSE is the platform’s coin. The goal of Oasis Network is to enable the development of new, privacy-focused dApps and services by providing a secure and scalable infrastructure for decentralized services and applications.
Ocean Protocol (OCEAN)
Ocean Protocol (OCEAN) is a decentralized data exchange platform that uses blockchain technology and artificial intelligence (AI) to create a secure and transparent data marketplace. The platform provides data consumers with secure and transparent access to high-quality data, while allowing data providers to make money by making their data available on the platform. The Ocean Protocol token (OCEAN) is used as the platform’s medium of exchange and to incentivize network participants to contribute their data and computing resources to the platform.
The platform aims to address the growing concerns about data privacy and security by providing a decentralized and secure data exchange environment. By providing a transparent and secure marketplace for data, Ocean Protocol aims to unlock the value of data and make it more accessible and affordable to a wider range of users and applications.
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