• Wed. May 29th, 2024

Which Are The Best AI Crypto Projects in 2023?

Which Are The Best AI Crypto Projects?

 

AI crypto coins are powered by machine learning algorithms and decentralized blockchain networks. These projects are changing the way we handle financial investments, transactions, and a lot more.


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In recent years, the finance industry has undergone a massive transformation with the emergence of crypto and blockchain technology. Now, with the inclusion of artificial intelligence (AI), a new wave of innovation is overwhelmingly taking the financial sector by storm.

AI crypto projects, powered by machine learning and blockchains, are revolutionizing the entire landscape. As more investors and institutions recognize the potentials that come with AI crypto coins, we are now seeing the rise of a new era in the world of finance. Technology is rapidly transforming the way we exchange value and conduct business.

It is quite hard to imagine that AI and crypto would converge. But, these technologies have converged and resulted in the AI crypto projects that are taking the finance world by storm, especially with the emergence of the Web3 industry.

Although the crypto market is still not regulated enough, most of these AI crypto projects offer great investment options, especially for investors who want to diversify from Bitcoin.


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What are AI Crypto Coins

Huge speculation on cryptos’ values has resulted in a boom in both the number and value of assets in the sector over the past few years. Many AI projects have come up and so far they are proving to be worthwhile investments.

Related: What Are AI Tokens?

Here are some of the top AI crypto projects as of March 2023.

The Graph (GRT)

The Graph is a protocol used for indexing and querying data from blockchains in a similar manner that Google indexes and queries data from websites. Indexing blockchain data can be quite challenging, but The Graph strives to change all that by organizing data into smaller ‘subgraphs’.

Its native, Ethereum-based crypto, GRT, is quite lucrative for market traders seeking to make a profit without having to risk massive volatility like in the case of Bitcoin.

SingularityNET (AGIX)

SingularityNET is a blockchain platform that enables anybody to build, share, and monetize AI services. Notably, it has an internal marketplace where users can browse and pay for AI services in the platform’s native crypto – AGIX.

Developers can make money from AI solutions and models without needing to fully build apps for the end users. Similarly, developers can acquire AI solutions and models to use their applications.

Fetch.ai (FET)

Fetch.ai is an AI and machine learning platform powered by the blockchain. Notably, Fetch.ai is all about automating business tasks like trading and processing. Its native crypto, FET, is mostly utilized in the payment of transactions executed on the network.

This AI crypto project ranks among the best-emerging cryptos of 2023. Notably, the blockchain-based platform utilizes AI and machine learning to develop what it refers to as ‘autonomous economic agents.’ These agents work on behalf of people to generate profits via different means.

An example of an autonomous economic agent in action is a crypto trading robot on a decentralized exchange like Uniswap where the agent can sell and buy crypto to turn a profit for its owner.

Ocean Protocol (Ocean)

Ocean Protocol is an Ethereum blockchain-based platform that enables individuals and businesses to exchange and monetize data-based services. This might also involve making data available to startups and researchers without the data getting relinquished by the data holders.

Ocean Protocol (OCEAN) is an AI crypto project designed to assist in the exchange of big datasets between data providers and AI model developers. The platform makes it considerably easy and cheap for developers to access the datasets they require to train and run their models, while the data providers get an opportunity to monetize their data.

This platform operates by allowing for the tokenization of datasets. After they are tokenized, they can readily be valued and sold or bought.

dKargo (DKA)

dKargo is described as an AI crypto for highly efficient logistics. The AI crypto coin launched in 2020 as supply chains throughout the world came to an abrupt stop due to the COVID-19 pandemic. The decentralized platform strives to utilize AI to make logistics highly efficient and cost-effective.

With dKargo, token holders can sell and buy logistics services in a trustless environment. That makes it quite easy for anybody to mix and match services from many logistics providers, developing custom supply chains that are almost impossible to achieve using the existing receiving and shipping networks.

The DKA crypto token is at the center of the dKargo platform. It is mostly used to pay for logistics services on the platform and serves as a governance token for the dKargo network.

Service providers need to also stake DKA to offer their logistics services on the dKargo platform.

Velas (VLX)

Velas is a promising crypto coin designed on a fork of the Solana blockchain. The AI crypto project is quite unique since it incorporates artificial intelligence into the validation mechanism for transactions on the blockchain.

Velas utilizes what it terms Artificial Intuition Delegated Proof of Stake (AIDPoS), supporting up to 30,000 transactions per second without having to compromise security. This feature makes it one of the fastest blockchains available in the current market.

The Velas blockchain now serves as a home for AI-based dApps and Web 3.0 applications, making VLX one of the best Web 3.0 coins. Also, the VLX token works as a medium for payments on the Velas network and a governance token.

VLX can also be staked via the AIDPoS validation system, allowing the token holders to earn a return on their crypto.

AI Crypto projects

Are AI Cryptos A Great Investment?

AI is a quickly growing field with lots of potentials, mostly when integrated with blockchain technology. Reports indicate that the market for AI algorithms might be worth as much as $1 trillion in the future. This is a budding market and investors are advised to proceed carefully when investing in AI crypto projects. But, it is likely to be a massive market in the coming years.

Related: We Are Beginning The Age Of AI

AI crypto coins are now the talk of the town and are even seen as the next big crypto sector narrative and a catalyst for a new bull run.

When considering AI crypto projects, investors have to think critically nonetheless about whether a project might succeed and whether the token on offer is a long-term crypto investment.

Projects need to have a strong development team – for AI projects, that normally means developers with a background in AI and big data management. Also, there needs to be a clear need for the solutions that an AI project is offering.

In general, the best AI crypto coins have lots of potentials. AI might play an integral role in the future direction of the crypto ecosystem, and the projects highlighted and many others might be important in underpinning AI development on the blockchain moving forward.


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Kevin Moore - E-Crypto News Editor

Kevin Moore - E-Crypto News Editor

Kevin Moore is the main author and editor for E-Crypto News.