While the field of artificial intelligence continues to attract attention, artificial intelligence coin projects stand out in the field of crypto money. In this article, we will share two AI coins that analyst Lawrence Mike Woriji has seen potential recently. Here are the details…
The analyst shared the artificial intelligence coin projects that should be considered
The emergence of artificial intelligence (AI) is considered a turning point for the internet industry. Now, thanks to this trend, AI has entered crypto. Therefore, several AI coins have entered the market in the last few months. This is because AI has the potential to improve user experience, increase scalability, and support blockchain security. These AI coins serve different purposes.
Some are used for portfolio management, governance and decentralized marketplaces. As you can imagine, there are already a large number of crypto-AI coins. However, just because they are focused on artificial intelligence does not mean that they will be successful. The analyst warns about this before talking about altcoins to watch out for.
At the top of the analyst’s list is SingularityNET. A renowned cognitive scientist and pioneer in AI, Dr. It is a blockchain-based AI project started by Ben Goertzel. The project simply aims to build a decentralized, open-source Artificial General Intelligence (AGI). AGI refers to a learning machine system capable of learning and performing different tasks that would typically be performed by humans. So these machines are actually a sophisticated type of AI that understands our world the way we do. Some excellent examples of AGI are ChatGPT and other AI systems that can perform a fairly large but limited number of human actions.
What makes SingularityNET special?
In addition to its goal of laying the groundwork for AGI, SingularityNET is developing a platform ecosystem that will offer AI-related services. The main idea is to make it easy for developers to create, deploy and market AI services. SingularityNET has over 15 AI-based platforms. These platforms cover various business areas such as finance, robotics, biomedicine, media, arts and entertainment. You can use the platform’s native token AGIX to access these services. In addition, staking AGIX is a way to get rewards and vote for governance proposals.
SingularityNET works like regular marketplaces for NFTs like Fiver or OpeanSea. Also, marketplaces tend to perform effectively. However, SingularityNET has an advantage over competing marketplaces. Here are some of its distinguishing factors:
- Interoperability: SingularityNET is interoperable. This means it can work with other AI platforms, making it easy for developers to integrate the project into their work.
- Community driven approach: SingularityNET is a community driven project. And that community engagement is a good development because AI has inherent transparency issues.
- Multiple services: The SingularityNET marketplace currently has over 70 AI services, making it one of the largest decentralized marketplaces. Thus, developers have the chance to monetize their products and services for a wider audience. The more developers use SingularityNET, the more value the project gains, making it a protocol worth observing.
The second coin on the list, RNDR
Render Protocol is an innovative project that allows people to contribute underutilized GPU power from their personal devices. It helps to create visual effects and motion graphics for various applications. In return for their services, they receive Render tokens (RNDR), which are native utility tokens of the platform. So the uniqueness of Render is that it opens up great opportunities in Web3. It connects people who need free GPUs with those looking for render jobs.
Render operates a peer-to-peer (P2P) network that enables people and businesses to economically access unused computing capacity. Also, Render helps its users solve three big problems:
- Scalability.
- Optionality.
- IP protection.
The RNDR token powers all transactions between artists and GPU providers, also known as node operators. Artists leverage RNDR tokens to gain GPU computing power. Similarly, GPU providers earn RNDR tokens in exchange for their services. There is a growing demand for high-resolution user experiences. This has led to an increased demand for 3D rendering processes. Render and native token offer a solution in this regard. Render provides a safe and efficient solution to meet the growing demand for high quality 3D imaging. Render already has many impressive partnerships with top movie studios and companies like Microsoft and Google. According to the analyst, the project offers real-life value and incredible potential.
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