Artificial intelligence, like blockchain technology, has recently transformed industries and society at large. Self-driving cars, smart home devices, and AI-powered robots are just the beginning. In the coming decades, AI will continue to push the boundaries of what’s possible in transportation, healthcare, education, and more.
AI and blockchain are two rapidly growing tech sectors, so it was only a matter of time until they combined to create AI-based tokens. AI-based tokens are an emerging trend that merges blockchain and AI, two of the most transformative technologies of our time. While still a new niche, these tokens could reshape how AI services are accessed and developed in the coming years. This sheer potential has pushed them into the limelight, and it’s now common to see mentions of AI in the news.
The number of AI tokens has increased significantly in the past few months. According to data from Coinmarketcap, over 300 such tokens are currently available in the crypto industry. Their trading volume increased significantly earlier in the year, reaching an all-time high of $3.8 billion in February.
Some of the most popular AI projects in the crypto industry are NEAR Protocol, Render Network, Injective, The Graph, Internet Computer, Fetch.ai, and Bittensor, each with its own unique offerings. Near Protocol, for instance, is a blockchain platform that incorporates AI for developers to build decentralized apps. Bittensor, on the other hand, is a protocol that enables a decentralized network with machine-learning capabilities.
Render Network is a blockchain project that lets individuals contribute their unused GPU power, which in turn allows it to offer other users unlimited GPU for rendering 3D content and AI applications. In its basic form, Fetch.ai offers tools to build, deploy, and monetize AI services that are used to automate day-to-day activities. Overall, the marriage of AI and blockchain will produce smarter, faster, and more secure platforms.
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Some of the popular AI and tech crypto tokens have become huge investment opportunities for traders and are now easily traded on crypto exchanges. However, aside from increased volatility from time to time, regulations around this type of asset remain unclear at the moment. One thing is clear: AI tokens present an exciting opportunity for crypto traders and institutional investors.
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