Artificial intelligence (AI) has transformed many industries, including games, finances, healthcare, etc. It is rapidly transforming how we interact and work. Tools like ChatGPT help to generate human-like content and handle multiple tasks at the same time. Now AI’s influence is extending to the crypto realm. The integration of AI with blockchain technology provides numerous possibilities. Artificial intelligence is used by AI currencies to enhance blockchain network security, scalability, and user experience. They promote AI-driven projects, from decentralized marketplaces and price predictions to portfolio management. Artificial Intelligence will definitely boost the blockchain network to get widespread adoption.
In this article, we will explore some of the top AI-integrated crypto projects, highlighting their features and overview.
What are AI-Integrated Crypto Coins?
While AI may assist with the development of new tokens, including their coding, economic structure, and branding, AI tokens have many other purposes.
AI tokens are digital assets that harness artificial intelligence to power blockchain initiatives. These initiatives include AI-driven decentralized organizations, AI-enhanced trade platforms, and AI marketplaces, among others. AI tokens may occasionally be used to fund initiatives that are solely AI-focused and do not rely heavily on blockchain technology for their fundamental framework.
Top AI-Integrated Crypto Projects
Below are some top AI projects with great potential for 2024 and beyond.
Fetch.AI ($FET)
A blockchain project called Fetch.ai (FET) uses AI and ML to build a decentralized digital economy. The main objective of this project is to utilize Autonomous Economic Agents (AEAs), to perform certain tasks and interact within the network. The creators of this project have built it on the mission to make it capable of doing more than merely following instructions. Fetch.ai takes part in transaction validation and network maintenance by utilizing an upgraded Proof of Stake consensus technique.
The Graph (GRT)
The Graph is a popular blockchain indexing and data querying protocol that uses the power of AI tools to enhance data accessibility across decentralized networks. It simplifies multiple data sets by organizing them into subgraphs. Anyone can create subgraphs to offer applications with indexed blockchain data. The native cryptocurrency of the graph is GRT.
Injective (INJ)
Injective is a layer-1 blockchain network that allows users to develop finance-based decentralized applications (dApps) for Web 3. It utilizes the power of AI and integrates an on-chain decentralized exchange (DEX) infrastructure, oracles, smart contracts, and bridges to complete the finance dApp development kit. It allows token swaps, margin trading, and forex futures trading on multiple blockchain platforms. Injective’s native coin, INJ, is used for network governance and transaction verification.
Bittensor ($TAO)
A decentralized protocol called Bittensor (TAO) was created to establish a market for machine learning models. With the help of Bittensor, developers can share their pre-trained AI models on the network, utilize existing models for their own projects, and train AI models to improve their functionality. Bittensor operates on its own blockchain and it facilitates the development and interaction of specialized sub-networks, known as subnets.
The initiative is based on Proof of Intelligence (PoI), which prioritizes nodes that contribute to the improvement of AI models in the network. TAO is the native cryptocurrency of Bittensor.
Oasis Network (ROSE)
The Oasis network is a layer-1 blockchain network focused on open finance and a balanced data economy. The project allows users to create open finance decentralized applications (dApps) that prioritize privacy and fairness, providing users control over their data. Oasis Network uses the Proof of Stake (PoS) mechanism that has a unique architecture, which separates its consensus algorithm and smart contract execution, creating privacy-orientated applications at a low cost.
How AI Can Help Crypto?
The integration of artificial intelligence will help the crypto realm in many ways. Let’s discuss this in detail.
Real-time notifications: AI can monitor transaction patterns to recognize any suspicious activities and provide real-time notifications promptly.
Enhanced smart contract security: Artificial intelligence tools are capable of monitoring smart contracts for vulnerabilities and flaws continuously.
Optimization of smart contracts: The integration of artificial intelligence can avoid mistakes, improve scalability, and provide solutions within the smart contract operations.
Authentication methods: There are certain AI-driven biometric authentication techniques available, such as facial recognition and fingerprint scanning. Utilizing these techniques can improve the security of crypto platforms.
Process automation: Numerous processes related to tokenization, portfolio management, and smart contract development can be automated with the use of artificial intelligence tools.
Regulatory compliance: AI-driven tools can analyze crypto transactions and users to ensure compliance with regulations.
Conclusion
AI-integrated crypto projects represent a transformative shift in the way we approach both artificial intelligence and blockchain technology. By harnessing the strengths of AI, such as predictive analytics, enhanced security, process automation, and real-time notifications, these projects can improve the functionality of cryptocurrencies and also pave the way for innovative applications across different industries. Embracing this innovation will be crucial for stakeholders looking to stay ahead in an increasingly competitive landscape.
