In 2023, the top 5 AI crypto projects will revolutionize the industry by creating a dynamic and efficient atmosphere. With the help of AI, operations are automated and streamlined for faster execution. Moreover, the innovative use of crypto technology has opened new marketplaces and established a trustless link between people, thereby reducing the influence businesses have over various sectors. These AI crypto projects are definitely worth watching as they are set to reshape the way we do business in the future.
AI crypto projects in 2023
In 2023, AI crypto projects are at the forefront of digital transformation by combining the best features of both technologies. These sophisticated digital tokens have proven their utility in various sectors and are paving the way for future innovation. Our guide will showcase the technical marvels of artificial intelligence and cryptocurrency, providing insight into the latest developments in the field. Without delay, here are the top 5 AI crypto projects leading the charge toward a smarter, more efficient future.
1. The Graph (GRT)
The Graph (GRT) makes it simple to build Dapps on Ether and IPFS. There have allegedly been many initiatives and interest-expressing parties. By outperforming the currently available centralized options, The Graph aims to enhance the overall Web 3 experience. Additionally, anyone can develop and distribute subgraph APIs thanks to this AI crypto initiative. As of the time this is written, coders have released over 3000 subparagraphs.
What Is The Graph (GRT)?
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS, and POA, with more networks coming soon.roseeeee
To learn more about this project, check out our deep dive into The Graph.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland, and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
2. Fetch.ai (FET)
According to its website, Fetch.ai is an Ethereum layer-1 network. Additionally, it acts as a gateway to the rest of the blockchain universe, or interchain. Anyone can link to and access private datasets while carrying out tasks autonomously thanks to its blockchain and artificial intelligence features. The multi-gent Systems AI ecosystem, which is appropriate for multi-stakeholder settings, has an impact on the Fetch.ai ecosystem as well. The primary medium of exchange for paying for services within the AI crypto project’s network is FET, which serves as its native currency.
What Is Fetch.ai (FET)?
Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.
3. The Oasis Network (ROSE)
The Oasis Network is solely focused on providing a Web3 private layer. This network enhances the confidentiality of existing dApps on any EVM network with the easy-to-integrate, user-friendly Oasis Privacy Layer. At the start of the new year, intelligence was in high demand. On the other hand, artificial intelligence might be risky if it provides biased information and invades users’ privacy. Oasis Network plans to handle potential AI privacy issues using its privacy infrastructure in order to guarantee that AI systems are secure and moral.
What Is Oasis Network (ROSE)?
Oasis is the leading privacy-enabled and scalable layer-1 blockchain network. It combines high throughput and low gas fees with secure architecture to provide a next-generation foundation for Web3 and will power DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAOs.
Oasis propels web3 forward, scaling it and evolving it from infancy to maturity. Supported by top industry backers, Oasis recently announced the $235 million Ecosystem Fund to support projects to build on the network. Oasis Labs, the ecosystem technical contributor, has partnered with the likes of Meta, BMW Group Genetica and others, to build platforms and products that further individual privacy protection, data governance, and responsible data use.
4. Injective (INJ)
A layer-1 blockchain network called Injective was developed specifically for DeFi apps and provides a “plug-and-play” financial system. By integrating AI into its systems, Injective aims to be the first blockchain to offer smart contracts that automatically execute. The automation feature will enable users to quickly launch dApps using Injective’s CosmWasm smart contract layer.
What is the Injective Token (INJ)?
INJ is the native utility token of Injective. INJ is a scarce asset that is used for governance, token burn auctions and staking on the PoS network. The burn auctions on Injective are especially unique since 60% of all fees collected from dApps are auctioned off every week via a buy back and burn mechanism. This in turn allows the supply of INJ to dramatically decrease over time. The INJ burn auction is unique in that it helps accrue value for the entire Injective ecosystem. Currently, Injective has the highest token burn ratio in the industry.
5. Ocean Protocol (OCEAN)
The goal of the new AI crypto project Ocean Protocol is to make data more accessible to everyone, lessening the monopolistic control of companies in the data and AI sectors. The Ocean Protocol can release the value of data by allowing trades to occur with ERC-20 smart contract tokens. The Ocean Protocol ensures network growth, data control, and open access to data.
What Is Ocean Protocol (OCEAN)?
Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based datatokens.
Through Ocean Protocol, publishers can monetize their data while preserving privacy and control, whereas consumers can now access datasets that were previously unavailable or difficult to find. These datasets can be discovered on the Ocean Market, where they can be purchased and later consumed or sold.
On Ocean Protocol, each data service is represented by a unique data token, which is used to wrap a dataset or compute-to-data service — this essentially allows third parties to perform operations on the data without it ever leaving the secure enclave of the publisher.
OCEAN is a utility token that is used for community governance and staking on data, in addition to buying and selling data as the basic unit of exchange on the Ocean Market. The price of these datatokens is set by an OCEAN-datatoken AMM pool, which adjusts the price of the data token as it is bought and sold based on supply and demand
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