Cryptocurrency and AI are two rapidly growing industries that have been making waves in the tech world. In recent years, we have seen the emergence of several projects that combine the two to create new and exciting opportunities.
Interestingly, many experts have called 2023 "the AI year," suggesting that AI technology would become increasingly popular, even among regular users. Of course, following this projection, it would be wise to have a few AI-based crypto projects on your watchlist.
This year, several crypto AI projects are worth keeping an eye on. These projects are pushing the boundaries of what is possible with blockchain and AI technology, and they have the potential to change the way we think about both cryptocurrency and AI. From decentralized AI marketplaces to AI-powered databases, these projects are worth paying attention to if you want to stay on top of the latest trends and developments in the crypto and AI space.
In this article, we'll outline our top picks among the lot, with insightful details on why these projects could make a big impact in the crypto market.
Fetch.ai is a decentralized AI and machine learning platform that aims to create a digital economy by connecting agents that can perform useful work. It uses a unique, AI-based consensus mechanism to ensure fast and secure transactions. Fetch.ai's mission is to create a marketplace for the exchange of data, services, and resources, where agents can interact to solve complex problems. This platform will allow individuals and organizations to monetize their data, services, and resources, creating new business models and revenue streams.
The Fetch.ai token (FET), used to facilitate transactions within the network, is one of the most valuable AI-based tokens, with over $220 million in market cap. If you want to invest in an established AI-based crypto, then $FET may just be the one for you.
The Graph (GRT)
The Graph (GRT) is a decentralized protocol for indexing and querying data from blockchains, making it possible for dApps to easily access and use the data they need to run. Hence, developers can easily build on Ethereum and the InterPlanetary File System (IPFS) by indexing and querying the data, making it easily accessible for dApps.
The Graph ($GRT) token is a major utility token on The Graph Network, as it is used to incentivize indexers and query nodes for their service and to pay for the usage of the network.
$GRT is one of the most valuable AI-based projects, with over $800 million in market cap, so if your investment goals favor stability more than potential returns, $GRT is a good investment option.
Oraichain is a blockchain-based platform that aims to democratize AI development and deployment by providing a decentralized marketplace for AI models. The platform enables developers to easily create, train, and deploy AI models while providing a marketplace for users to access and use these models.
Although Oraichain was originally built on the Ethereum blockchain, it's mainnet 2.0 currently runs on the Orai blockchain; even better, the protocol aims to be available on all major blockchain networks via relay protocols and blockchain bridges.
The $ORAI token is used to facilitate transactions within the network, and with less than $8 million in market cap; it may be a viable investment option for exceptional returns in 2023.
Matrix AI Network (MAN)
Matrix AI Network (MAN) is a blockchain platform that aims to create a decentralized, open-source ecosystem for AI development and deployment. The platform uses a unique, AI-based consensus mechanism to ensure fast and secure transactions.
Matrix AI also utilizes machine learning and natural language processing protocol to enhance the security and scalability of the network. The platform's goal is to make AI development and deployment more accessible and efficient, allowing for the creation of new, decentralized applications.
The Matrix AI token ($MAN) fuels the matrix blockchain network, facilitating transactions. $MAN token’s market cap is just over $5 million, so it may be a viable option for huge returns in 2023.
AION is a multi-tier blockchain system designed to support a future where many blockchains exist to solve unique industry use cases and to power the services of the decentralized internet. The Aion network is designed to be a network of networks, allowing for interoperability and communication between different blockchain networks.
The Aion token (AION) facilitates transactions within the network and secures the network through a proof-of-stake consensus mechanism. With $16 million in market cap, $AION may be one to look out for massive returns in 2023.
In conclusion, crypto AI projects are pushing the boundaries of what is possible with blockchain and AI technology and have the potential to change the way we think about both cryptocurrency and AI.
More than the few tokens mentioned in this article, several AI-based projects exist; hence, it is important to stay on top of the news and monitor trends, not just for the sake of profits but also to gain exposure to this cutting-edge technology. However, it's important to remember that investing in any cryptocurrency carries a level of risk, and it's crucial to do your own research and only invest what you can afford to lose.