December 4, 2023

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Artificial Intelligence at present has become the main topic of discussion following new conversational bots for writing and artwork. As AI technology is getting better, it has started to take over the new market.

The exponential rise in popularity of these new AI bots has coincided with the increasing interest in cryptocurrencies and decentralization.

Many AI bots that are backed by the Tech behemoths like Google and Microsoft are expected to issue native data tokens. Google is currently campaigning for a new bot called Bard; on the other hand, Microsoft has rebranded its native search engine Bing by offering a built-in  ChatGPT feature.

AI Technology and the Future of Cryptocurrencies

More cryptocurrencies based on real utility are emerging and one of the biggest tech developments recently is seen in the field of data management. Therefore, it is no surprise that data tokens are expected to increase shortly. Big Data Protocol or BDP is a native token released by DEX that is one example of AI-backed cryptocurrencies.

Other noteworthy cryptocurrency projects like these are SingularityDAO and SigularityNET with native tokens SDAO and AGIX. Both these tokens have registered gains in the range of 170%-200%.

More AI cryptocurrencies include the likes of token FET, Matrix AI network (MAN), measurable data token (MDT), oraichain token (ORAI), Vectorspace AI (VXV), and deepbrain chain (DBC). The later series of AI tokens showed a growth of 75%-95%.

ChatGPT, DALL-E, and StableDiffusions are some of the most popular AI projects that have been trending online recently. Most of these projects are based on blockchain technology to incorporate the latest tech innovations and enable automation.

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Projects like Singularity NET perform data collection to improve propriety AI models. The users of the project are incentivized by tokens.

Meanwhile, DeepBrain Chain allows users to contribute data to reduce the cost of upgrading AI models in exchange for token rewards.

Fantom developer Andre Cronje claims that AI and blockchain are not compatible technologies and most traders are riding on the pump and dumb streak with data tokens. The founder of Yearn Finance claimed that AI crypto projects are destined for failure.

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