The AI revolution is already underway in the world of cryptocurrency. With the combination of blockchain technology and data-driven algorithms, new crypto projects are emerging that are changing the way we think about digital currencies. In this guide, we will review the 8 best AI crypto platforms that you should keep an eye on in 2023.
What does AI mean in crypto?
In the context of cryptocurrency, AI refers to the use of artificial intelligence technologies to interact with the market. This can include trading bots, portfolio management systems, fraud detection systems, and predictive analytics tools.
But AI doesn’t stop there and is showing huge growth in not only in the market and analytics sector, but also creative quarters too such as art.
AI has the potential to revolutionize all industries as we know them.
Here are 8 AI crypto platforms that have caught our attention at coinesper.com.
Officially introduced in 2020, Oraichain is the world’s first data oracle platform that uses AI within a blockchain infrastructure.
Oraichain’s objective is to serve as a bridge between artificial intelligence and blockchain technology, creating the framework for AI-powered smart contracts and Dapps in the future.
Orainchain has many features making it a truly exciting AI crypto platform:
- A fast CosmosSDK-based blockchain with DPoS consensus and optimized sub-networks for AI
- AI Oracles – verifiable and trustless AI execution via proof-of-correctness and proof-of-execution
- High transaction throughput with optimistic rollups and zk-rollups
- Write smart contracts using Cosmwasm IDE powered by Oraichain
- Sub-network is EVM compatible. You can use Metamask
Fetch.ai is a blockchain-based platform that uses AI and machine learning to create autonomous economic agents.
These agents can be used for various purposes, such as trading crypto, exchanging data, or processing transactions.
The Fetch network is powered by its own blockchain, and miners earn FET tokens as a reward for validating transactions.
Since its recent listing on eToro, FET has become one of the best-performing AI cryptocurrencies.
Numerai is a hedge-fund that crowdsources predictive-trading algorithms with weekly competitions.
Numerai is focused on prediction-model-building by conducting a weekly tournament that compensates data scientists for developing high-performing trading models.
Data scientists submit prediction models built on top of a data set that is shared with all other participants.
They are rewarded based on the accuracy of the model they submitted and the quantity of Numerai tokens (NMR) they staked, if any, for a given tournament.
Cortex is one of the first decentralized world computers capable of running AI and AI-powered dApps on the blockchain..
The platform offers a range of AI services, including natural language processing, image recognition, and machine learning, that can be integrated into smart contracts.
The CTXC token is used to pay for these services.
Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network.
Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective.
TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs.
Bittensor vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context.
Velas is a full Ethereum Virtual Machine (EVM)/eBPF hybrid chain that offers high security, scalability, and performance while keeping transaction finality down to just 1.2 seconds and carbon emissions down to a minimum.
As a smart contract platform, Velas is built to host the next generation of dApps and combines the security and speed of a hybrid consensus system with the capabilities of the tEVM.
Velas’ native utility and gas coin is known as VLX.
Ocean Protocol is an AI cryptocurrency that is designed to help organizations exchange large amounts of data securely and efficiently.
The platform provides a range of services, such as data discovery, sharing, and monetization, that are powered by AI algorithms.
Ocean uses Data NFTs (ERC721) and datatokens (ERC20) as the interface to connect data assets with blockchain and DeFi tools.
Crypto wallets become data wallets, crypto exchanges become data marketplaces, DAOs for data co-ops, and more via DeFi composability.
The OCEAN token is used to pay for these services.
SingularityNET is an online marketplace for AI algorithms that are powered by blockchain technology.
SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence.
An Artificial General Intelligence (‘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.
The platform offers a range of AI services, such as natural language processing, computer vision, and machine learning, that can be purchased using the AGI token.
Whether you are an experienced crypto investor or new to the world of AI and blockchain, hopefully this guide is an excellent starting point for exploring the best AI crypto platforms of 2023. Each project has its own unique value proposition and use case, making them appealing to different types of investors. So, take the time to research each one and determine which ones align with your investment goals.
If you’d like to suggest an AI project that’s not covered in this post, drop it in the comments below.