We’ve looked at the 10 biggest AI crypto projects according to their market caps to see how AI is being used within the sector. Users spend tokens in order to use the platforms and the benefits of their integrated artificial intelligence. What’s an AI Cryptocurrency?ĪI cryptocurrencies are tokens that power AI blockchain platforms such as The Graph and SingularityNET. Use cases for AI are effectively limitless, and the technology has found its way into the cryptocurrency space. In both cases, the outputs are close enough to what a real person might create that they could be mistaken for human creation, and these applications are getting increasingly sophisticated. Recent popular examples include AI-generated artwork – where a program interprets user prompts, written in natural language, to create pieces of digital art, and ChatGPT, an application which is able to ‘write’ according to a brief submitted by the user. What is AI?Īrtificial intelligence (AI) is a field of computer science enabling machines to make decisions based on data, increasingly mimicking human intelligence. Huge speculation on cryptocurrencies’ values has led to a boom in both the number and value of assets in the space over the last few years – peaking in November 2021 before crashing in the spring of 2022. Volunteers participate because in doing so they get the opportunity to earn valuable cryptocurrency without having to pay for it. This means records of balances and transactions are’t controlled by banks or payment providers, instead they’re held by people who volunteer to keep track of everything using specialist software. They can be spent or traded, but they’re not issued by central banks or stored in traditional financial institutions. What are Cryptocurrencies?Ĭryptocurrencies are a form of digital currency. Buying cryptocurrency is speculative and your capital is at risk, meaning you may lose some or all of your money. The cryptocurrency market is largely unregulated in India, so you will have no protection if something goes wrong. But first, here’s a primer on what they are. We’ve looked at some of the biggest AI cryptocurrencies by market capitalisation, according to CoinMarketCap*. It’s hard to imagine two technologies more of the zeitgeist than artificial intelligence (AI) and cryptocurrency, so it’s no surprise that the two fields converged in the form of AI cryptocurrencies.
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