Artificial Intelligence (AI) is rapidly transforming how we interact and work. A notable development in this realm is ChatGPT, created by OpenAI, designed to generate human-like text and handle tasks like information processing and answering queries. Moreover, AI’s impact is extending to the crypto space.
AI coins are crypto assets that leverage artificial intelligence to improve user experiences, scalability, and security within blockchain networks. They actively support AI-driven projects, from decentralized marketplaces and market predictions to portfolio management. Additionally, AI-powered tokens grant governance rights, facilitating transactions within the ecosystem. AI can be trained to detect illicit activities, analyze market trends, identify investment opportunities, and serve various other applications. The potential for AI in the crypto world is immense.
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Let us look at some notable AI crypto coins in the market today.
Snapshot of the trending AI Crypto Coins
Internet Computer (ICP)
Internet Computer (ICP)protocol gives us the power of limitless smart contracts to host data, computing, user experience and content, on-chain. It allows us to build tamperproof web 3 social media, enterprise infrastructure, gaming and virtual reality. Internet Computer (ICP) gives full stack decentralisation and multi-chain options. It focuses on scalability and utility with a low carbon footprint. It is committed to build greentech web 3 solutions.
Internet Computer’s native token is ICP which is trading at $12.95 and has a market capitalisation of $5.94 Billion.
Near Protocol (NEAR)
Near Protocol focuses on incentivising a network of computers to operate a platform for developers to create and launch decentralised applications. It uses the process of sharding to split the network’s infrastructure into segments for nodes to only have to handle a fraction of the network’s transactions. Sharding is expected to be more efficient and requires less computing power.
Near Protocol works similar to other cloud companies like Amazon Web Services, over which other applications can be built. But unlike legacy solutions where there is a single entity, NEAR is operated and maintained by a distributed network of computers.
Near Protocol has NEAR as its native token which is trading at the value of $3.91 with the market capitalisation of $4.07 Billion.
Read more: What is Near Protocol (NEAR)
Injective Protocol (INJ) is a decentralized finance (DeFi) platform, designed to enable seamless and secure trading of various assets in a decentralized manner. It utilizes a unique layer-2 protocol for high throughput and low fees. The platform features a decentralized order book for permissionless, peer-to-peer trading without intermediaries. The experienced team behind Injective comprises professionals from diverse backgrounds, contributing to its robustness and innovative features.
Recognized for pioneering “decentralized derivatives,” Injective has garnered support from prominent blockchain investors and partners. As a trailblazer in decentralized derivatives trading, Injective aims to revolutionize finance with advanced technology and a commitment to decentralization.
Injective protocol’s native token is INJ which is currently trading at $42.22 and has a total market capitalization of approximately $3.95 billion.
Render is an Ethereum blockchain-based distributed GPU network that functions as an essential platform for animation, VFX rendering, and motion graphics. Its native token, Render (RNDR), serves as a utility token specifically designed for utilization within the Render network. The network comprises two primary stakeholders: 1) Creators and 2) Node operators. Through the Render network, creators gain access to the immense GPU power available on the network, enabling them to generate high-quality images and visually captivating content at exceptional speeds and reduced costs. On the other hand, node operators lease out their GPU processing power to these creators and, in return, receive render tokens as rewards.
At present, the trading value of Render (RNDR) stands at $7.90, contributing to an impressive market capitalization of $2.95 billion at the time of writing.
The Graph is a decentralized, open-source protocol that utilizes distributed ledger technology to gather data independently, eliminating the need for intermediaries. This protocol functions as a worldwide APU (Application Programming Interface) designed to index and organize data efficiently. It leverages the GraphQL language to enable easy accessibility and processing.
Similar to how Google indexes the web, The Graph protocol indexes blockchain data. However, indexing blockchain data poses challenges due to the presence of numerous smart contracts storing data, which can hinder swift query responses by decentralised applications (DApps). To address this, The Graph protocol employs subgraphs to effortlessly retrieve data from the blockchain. Subgraphs serve as open APIs that specify the data to be indexed and its storage method.
The native token of The Graph network is called GRT. GRT is utilized to allocate resources within the network. It is an ERC-20 crypto token that can be stored in Ethereum (ETH) and other ERC-20 compatible wallets.
GRT is currently trading at $0.284 and has a total market capitalisation of $2.66 billion.
Oasis presents itself as a layer 1 decentralised blockchain network meticulously crafted to prioritize scalability, versatility, and privacy. With a robust and secure architecture, this blockchain network enables high throughput while keeping gas fees at a minimum. Its unique architecture distinguishes it as a potential powerhouse for various Web 3.0 applications, thanks to the separation of the consensus mechanism and smart contract execution. As a result, developers can effortlessly deploy privacy-focused applications at a reduced cost.
Excitingly, Oasis recently unveiled a substantial ecosystem fund amounting to $235 million. This fund plays a vital role in providing support to projects built on the Oasis network, fostering growth and innovation within the ecosystem. Its native token is currently trading at $0.1205 contributing to a market capitalization of $811 million as of the time of writing.
AGIX is currently one of the most sought-after AI coins available in the market. As the native token of the SingularityNET platform, AGIX plays a crucial role in facilitating transactions within this decentralized and open-source blockchain platform. Users can conveniently engage in buying or selling various AI products through this platform. It serves as a dynamic marketplace for trading data, models, and other essential tools that contribute to the advancement of AI through effective training processes.
The maximum supply cap for AGIX tokens stands at two billion, with a circulating supply of 1.2 billion AGIX coins. Presently, AGIX boasts a market cap of $899 million, while its price is $0.715 as per the latest available data.
The integration of blockchain and AI has spawned several AI crypto projects aiming to provide secure and efficient AI solutions within blockchain protocols. Each AI-powered project serves unique applications, from enhancing cloud computing services to enabling secure data sharing. These next-generation tokens aim to harness the power of blockchain and artificial intelligence and create value by solving specific problems in the digital world. With the growth of AI and Blockchain at a rapid pace these tokens can play a critical role in the future. However, it is important to note that this list has been provided based on internal research, and investors should conduct thorough research before investing in crypto tokens.
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