- ChatGPT has been the fastest application to hit millions of users, hitting the mark in under five days.
- NMR allows users to predict the stock market using AI models
- ALI birthed intelligent NFTs (iNFT) embedded with AI animation, voice synthesis and generative AI capabilities
Crypto Altcoins built on AI in 2023
Since the launch of ChatGPT, Artificial Intelligence has left mouths wagging over its potential. Tech experts believe that AI might transform the globe into a village that runs over this technology. ChatGPT has been the fastest application to hit millions of users, hitting the mark in under five days. On January 6, the program hit over 11 million daily active users.
Successful enterprises have also embraced AI, as seen by the heavy investment towards ChatGPT. Microsoft has invested US$10 million into OpenAI, the maker of the AI giant. Other companies investing heavily in the AI sector include Google, Apple, Amazon, and Tesla, among others. Elon Musk recently twitted “Big Year for AI”, indicating that Twitter might also be investing heavily in the same.
With the evidence glaring into the eye on how explosive the AI sector will be in the next ten to twenty years, how can crypto investors secure their future in the milestone? One of the simple answers to this question is trading AI cryptos.
We take a look at the top cryptos built under the AI technology.
Numeraire, or NMR, is a blockchain-based software that acts as a hedge fund and combines incentivization with AI, machine learning, cryptography and data science to predict the stock markets. It allows users to trade not just crypto but also equities. Numerai has two applications within its software, each supporting a different kind of trading:
- Numerai Signals- This is where stock market strategies are uploaded to support a particular type of trading style or a specific stock.
- Numerai tournament- allows users to upload trading algorithms in a weekly competition. Any network participant can bet on the most likely outcome based on the user’s submissions.
In simple terms, NMR allows users to predict the stock market using AI models. Additionally, they can upload their own AI models that users can bet on. The NMR token is the primary payment method in the ecosystem.
Artificial Liquid Intelligence
ALI, or Alethia AI, is a decentralized protocol that creates smart avatars using AI to interact with people. The project has birthed a new standard for NFTs called intelligent NFT iNFT (NFTs embedded with AI animation, voice synthesis and generative AI capabilities).
Developers can utilize the iNFTs to create, train, and earn from what they create in Alethea’s AI metaverse known as Noah’s Ark. Recently, ALI raised over US$16 million in a funding round. Interestingly, Alethia AI allows for upgrading the iNFTs created on the Protocol, showing AI’s potential for the crypto ecosystem.
In this list, this is the most AI-specific Protocol. Fetch.ai use cases are entirely geared towards aiding AI platforms.
Fetch is a blockchain-based AI and machine learning platform that seeks to provide AI platforms with services that allow anybody to build and deploy AI at scale at any time and from any location. The platform aims to be a decentralized digital model of the actual World in which autonomous software agents conduct productive economic activities. This implies that users can use the fetch.ai platform to accomplish tasks such as distributing data and offering services and get compensated with FET tokens.
In simple terms, fetch is essentially a platform that aims to connect devices and enable the creation of markets to add value to the data, powering peer-to-peer applications.
If you are a developer building an application, you can use fetch ai’s platform and services to help develop and power the application once it’s running.
Ocean Protocol is an ecosystem for sharing data and services and has recently been a top-performing AI crypto. In the first week of February, the Protocol has risen by over 30 per cent. In depth, Ocean Protocol provides a tokenized service layer that exposes data storage, computing and consumption algorithms with deterministic proofs of availability and integrity that serve as verifiable service agreements.
It uses blockchain technology to share and sell data safely, securely, and transparently. Big data disadvantages users and network participants, with them having little to no control over the process. To fix this, the Ocean Protocol team aims to build a decentralized data exchange protocol that lets consumers and corporations exchange data with symmetric control and transparency.
Through this Protocol, users can monetize data by using blockchain technology. 783 million of 974 million of the Ocean Protocol tokens are already in supply.