Recently, artificial intelligence (AI) has gained momentum with the launch of the chatbot ChatGPT and attracting many people’s attention. Previously, Microsoft’s investment in OpenAI behind ChatGPT also strengthened the AI narrative. Now, many analysts are looking at artificial intelligence coin projects and explaining that they are optimistic. Most recently, Bitboy Crypto shared its expectations for four AI coins. Here are the details…
Analyst on the rise for these AI coin projects
In a recent video, Bitboy Crypto shared his views on AI coins, which he considers a niche with a lot of potential. However, he also noted that there aren’t many high-end projects in this niche, giving the field an overall score of five out of ten. Still, Bitboy gave Singularity, Fetch.ai (FET) and a few other notable projects a ten out of ten.
Bitboy also advised investors to focus on newer projects in this niche. Because he said the older ones were already taken. He recommended the Singularity DAO as a project to watch out for, citing its strong relationship with SingularityNET, a decentralized artificial intelligence network. The Singularity DAO aims to empower developers and researchers to build transparent, decentralized and publicly accessible AI applications.
What will be the future of artificial intelligence in crypto?
As Cryptokoin.com has pointed out, AI is becoming an increasingly important technology in the cryptocurrency space. As more Blockchain-based AI projects enter the market, investors are paying close attention to their potential. AI can help automate tasks, improve security, and analyze data, among other things. One of the pioneering projects in this field is Fetch.ai, a platform that combines different Blockchains into a single network.
The CEO of Fetch.ai recently shared information about the company’s 2023 roadmap and micro-tool launch. The micro-agent launch is expected to bring new use cases for the Fetch.ai network, including decentralized finance (DeFi) and NFT domains. The potential of artificial intelligence in crypto is not limited to these projects. Many other projects are also working on integrating AI into their networks. Ocean Protocol, for example, aims to create a decentralized data marketplace powered by artificial intelligence and Blockchain. Numeraire is launching a hedge fund that uses artificial intelligence to make investment decisions. Finally, iExec RLC creates a decentralized cloud computing network that uses AI to optimize resource allocation.
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