My Top 3 AI-Powered cryptocurrency Coins to Watch in 2023

Hello Lions,

Artificial Intelligence (AI) is the new trend of the current time and has been transforming existing industries. No doubt AI is also entering the world of cryptocurrency like a storm and involving in creating new hype with new projects. While a large part of humans are worried about AI that this technology will take away human jobs but in crypto, AI is rather emerging as a better-helping hand to help systems run better with more security. Rather than replacing humans and snatching away their tasks, AI is being used to run the platform more efficiently and enhance platform security through AI-induced smart algorithms. In this blog, I will try to explore the top 10 AI-powered cryptocurrencies that currently getting popular in the crypto world and will project some light on their innovative and effective features and potential impact on our cryptocurrency realm.

---

The Graph (GRT) - Empowering Decentralized Applications

Source

The Graph aka GRT is an advanced cryptocurrency protocol that is operating on Ethereum (ETH) blockchain and their GRT is an ERC-20 token. It acts as a gigantic data collection and retrieval system built on blockchain and specifically designed for faster and seamless integration with the Ethereum chain. With the help of this blockchain, developers can build groundbreaking applications without the need to run their own dedicated data server, indexing infrastructure or parsing through raw data. By leveraging a GraphQL-based API, The Graph creates an environment for efficient data retrieval for any decentralized applications or dApps. In order to achieve this, they allow developers to create "subgraphs," a set of customized datasets with indexing rules tailored for a particular dApp's requirements. As a result, dApps can access the relevant information very quickly without processing the whole blockchain, which of course enhances the total process time and this boosts efficiency and accessibility.

This innovative process of accessing data cuts down the overall cost of running expensive infrastructure and also the time spent in processing by simply using the Graph’s competitive data market. It will also help the application’s uptime and seamless data flowing 24/7 with a globally distributed network.

Subgraphs - these are open APIs that exist on the Graph system and are responsible for organizing and serving data in the blockchain to applications. By using these subgraphs, developers will get the benefit of getting speedy access to the indexed data from the graph.

Currently, over 45 thousand are using the Graph in their applications and hosted network since 2022 and over tens of thousands of developers are currently using the Graph to create the best possible user experience. Since last year, over 580 billion + queries have been served on the graph network. The graph network currently consists of over 450 indexer nodes to help the developers in accessing data and over 40 networks are currently being supported by this amazing technology which includes - Ethereum, Polygon, Avalanche, Arbitrum, Binance Smart chain, Optimism, Fantom, zkSync etc.

Website - https://thegraph.com

---

SingularityNET (AGIX): Decentralized AI Network

Source

AGI means Artificial General Intelligence and SingularityNET is currently bringing development in this particular area. SingularityNET is currently the world’s leading decentralized AI marketplace and their core mission is to develop an AGI for a beneficial technological singularity. This pioneering AI blockchain project is being run by Dr. Ben Goertzel and his dedicated team of AI researchers and developers. The main aim here is to create a global AI marketplace built on a decentralized system where AI algorithms and agents can interact, collaborate and transact data more efficiently. On this platform, the developers can publish their AI services and algorithms while on the other hand, the users can access and utilize these services according to their needs through the blockchain. SingularityNET empowers the democratization of AI while bringing innovation and collaboration within the AI community.

First of all, they are decentralizing AI via emerging blockchain technology and creating an efficient environment for fair distribution of power, value and technology.

AI PLATFORM - The core AI platform performs an essential functionality by providing trust-less and automatic transaction which is based upon a multiparty escrow. This will help in publishing new AI services on the blockchain and also tracking successful API calls and constructing pricing strategies. Their AI marketplace consists of a rich user interface and allows users to find, access and also try out the registered services on this platform. Most services here have a free demo or trial pack which offers a limited number of free API calls so that users and test them out without spending money.

AI-DSL (Domain Specific Language) - As their next phase of the platform, they are making an AI-infused DSL which is a transformative component that will enable separate narrow-type services to form ad-hoc workflow collaborations in order to fulfill more complex tasks that a single service are not capable to execute. AI-DSL will not require a strict predefined format consisting of inputs and outputs of the services which will allow it to arrange ad-hoc workflows of fitting services to execute a requested task.

Website - https://singularitynet.io

---

Ocean Protocol (OCEAN)

Source

Ocean Protocol aka OCEAN presents a decentralized data exchange protocol that is built on top of Ethereum blockchain. It is an open-source protocol that is here to allow individual users or businesses to exchange data and data-based services. The project can effectively address data sets and privacy concerns by constructing an efficient ecosystem where data providers can share and monetise their valuable data very securely while maintaining control over their owned assets. This protocol uses ’datatokens’ to get access to data sets securely. On the other hand, data consumers can access and utilise their required data through the Ocean Protocol network in a secure, faster and efficient manner . As data becomes more and more valuable over time, the Ocean Protocol is aiming to meet this ever rising demand while ensuring the privacy and security. This runs on a decentralised system where the token holders can participate in the protocol’s DAO governance where 1 ocean token is equal to 1 vote and can also earn rewards by locking their owned OCEAN token and help curating data. OCEAN makes it easy for developers and users to publish data services (ERC721 data NFTs and ERC20 datatokens) and to consume data services with the help of these datatokens. It is an easy-to-use marketplace to publish data, buy data or earn by selling data or just run your own fork of ocean market.

Website - https://oceanprotocol.com

---

---

I hope you gathered a decent knowledge about all the 3 AI technologies and their cryptocurrency tokens that I talked about above. Now, let me know your favorite AI crypto in the comments below and I will be seeing you all in my next post.

Posted Using LeoFinance Alpha