Artificial intelligence (AI) enables machines to make decisions based on databases and to mimic human intelligence. Recent popular AI examples include ChatGPT, which can write according to user prompts. There are several other AI programs that interpret user prompts to create digital art. The scope of AI is almost limitless, and this technology has found its way into the crypto space.
What are AI crypto coins?
AI crypto coins leverage AI to enhance their security and functionality. These crypto assets combine the decentralization feature of crypto networks with the advanced capabilities of AI to create a unique value proposition. AI crypto coins have multiple use cases, including online purchases, peer-to-peer transactions, trading, and investment. With the increasing adoption of AI and the growing popularity of crypto, AI crypto coins can revolutionize the way we manage crypto assets and conduct financial transactions.
This article will explore the top five AI crypto coins available on the crypto market today.
SingularityNET (AGIX)
SingularityNET is a crypto platform that helps users to create, share, and monetize AI services. Users can browse AI services in its internal marketplace and pay for these services using its native crypto, called AGIX. Developers can earn money from just their AI models and solutions without building apps. Other developers can buy AI services and models to use in their dApps. AGIX has a market cap of about $463 million and is worth $0.38 at the time of writing.
Render Token
The Render crypto token powers the decentralized cloud rendering platform called Render Network. This token is built to facilitate secure and fast transactions between 3D artists and clients all over the world. This token is built on the Ethereum blockchain and uses smart contracts to automatically enforce agreements between two parties. It is ideal for microtransactions as it offers fast confirmation times and low transaction fees. This token can be used not only for rendering services but also for governance and staking in the Render ecosystem. Render tokens can also be traded on crypto exchanges.
The Graph (GRT)
The Graph is a decentralized protocol built on distributed ledger technology used to aggregate data without third parties. This blockchain protocol uses the Graph QL language and is an APU for indexing easily accessible data. This protocol indexes data similarly to how Google indexes data. The Graph can retrieve data from a blockchain easily by using subgraphs. Subgraphs are open APIs that show how blockchain data is indexed. Retrieving blockchain data is usually a difficult task, and this protocol offers a unique solution to this issue. GRT is the native crypto token of The Graph and at the time of this writing, the value of GRT is $0.15 and its market cap is $1.38 billion.
Oasis Network (ROSE)
The Oasis network uses a privacy-preserving architecture that allows users to keep their data private when using dApps. A technology called confidential computing ensures that blockchain data cannot be accessed by unauthorized personnel. The Oasis network also claims that it can tokenize data. This feature can lead to innovative use cases that can power new privacy-first dApps. ROSE is the native token of the Oasis network and is used for staking, transaction fees, and delegation at the consensus layer. At the time of writing, ROSE is valued at $0.06993 and its market cap is around $400 million.
Fetch.ai (FET)
Fetch.ai is based on blockchain technology and is a machine-learning platform. This platform automates business tasks such as trading and data processing. FET is the native crypto of Fetch.ai and is used for transaction fees. As of this writing, FET is valued at $0.3768 and has a market cap of around $309 million.
Conclusion
AI crypto coins have the potential to create innovative solutions by leveraging AI and blockchain technology. Some of the top AI crypto coins are offering solutions for real-world problems. Each of the above-mentioned AI crypto projects has its unique application, from secure data sharing to cloud computing services. There are limitless use cases for these AI-powered projects, and this technology can soon be a part of our everyday lives.
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
