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The intersection of blockchain and artificial intelligence has become significant in the first quarter of 2024. We’ve seen Crypto-AI projects go from relative obscurity to digital notoriety (at least on X). Astronomical price actions have followed, with select projects multiplying in value far beyond expectations. Glamorous technology and cryptocurrency events, such as Nvidia’s GTC conference, have packed out rooms to hear more about these converging revolutions. Everyone wants a piece of the action.
We’ve taken the time to sift through dozens of these AI-Crypto hybrid projects and peer beyond the hype, the fud, and the pumps, to get to the most important factor of all – the underlying technology.
Here’s who we believe is leading the AI Crypto narrative in 2024, and who we are convinced, when the dust settles, will prove to be merited market leaders.
1. YOUR AI ($YOURAI)
YOUR AI is an AI-driven Web3 content layer leveraging BRC-20 inscriptions to provide creators with real records of their contributions to e-commerce stores, while allowing them to retain full ownership of their content. AI is then tasked with distributing the content, using state-of-the-art algorithms. This might sound a little complex, but it’s essentially a way of giving more power to content creators who are regularly taken advantage of by powerful brands with unfair reward schemes. YOUR AI recently broke the DAO Maker for most $DAO staked pre-ido, and went on to hit a 53x multiple on launch!
YOUR AI’s concept embodies the self-ownership and empowerment values of Web3 and has been received with ovations – the recent presale saw over 5,000 users embrace one of their dApps almost immediately. This hybrid AI-Blockchain platform’s early success will prove to be nothing short of disruptive for the e-commerce industry.
Recently, YOUR AI got accepted into the Microsoft Startup Founders Hub!
Through the Founders Hub, they’ll have access to tailored support from seasoned engineers, empowering their e-commerce offerings with personalised content, tailored precisely to meet the needs of their customers.
For stores, YOUR AI solves big blockers too. They want access to user-generated content and to collaborate with content creators, but doing so can be complicated. YOUR AI facilitates a process that works for everyone, incentivizing creativity from brands and creators, while letting stores use best-fit content to engage their clients and push sales. Better information, more value generation, and bigger rewards, all thanks to AI-driven content.
The $YOURAI token neatly weaves the ecosystem and its functionalities together:
- Staking: The utility token must be staked for access to content features, with users receiving a healthy yield in exchange.
- Buybacks: To ensure stability and growth for the token’s price, the team has designed a continuous buyback cycle, where their Content Distribution dApps buy $YOURAI tokens for streaming content, and Content Creation dApps use them for content storage and management.
- Voting: Governance is also offered by holding $YOURAI, which grants voting power in the YOUR AI DAO and allows the users to be involved, make decisions, and shape the project’s future.
Could YOUR AI be Crypto-AI’s e-commerce frontrunner in 2024? We think so.
2. AIOZ
AIOZ has been doing an impressive amount of development work recently, enabling them to tap into many different conversations as they scale their impressive AI-Crypto ecosystem.
The overarching idea of AIOZ is to be a Decentralized AI Computing Ecosystem. What does that mean for anyone interacting with it? Well, it’s a space to train AI models, store datasets, build dApps, and monetize their contributions to AI. At the blockchain layer, AIOZ is designed for Web3 builders who want one-click dApp integration and support for smart languages across Ethereum and Cosmos.
For AIOZ to run, it needs thousands of individuals around the world to offer their spare computing resources to power the network and its Web3, AI, storage, and media streaming applications. These people and their hardware are the nodes, running a “Decentralized Content Delivery Network”, or dCDN for short. Becoming a node is as simple as downloading software to your computer, and already over 80,000 people have done it. Nodes earn rewards in AIOZ for every data packet and can choose to offer their hard drive space, network card & bandwidth, or CPU & GPU.
If all of that isn’t impressive enough, one of the early backers is Jimmy Donaldson, better known as Mr Beast. The world-famous YouTuber may agree that AI and the Blockchain will play an important role in video streaming. Also involved in the project is Bruce Pon, founder of Ocean Protocol, which we will cover.
3. Fetch.AI ($FET)
Fetch has been key to driving the AI-Crypto narrative, largely because of how much recent press and attention it has received. The core concept is that it allows users to create intelligent autonomous decentralized agents that can do all kinds of automated tasks on your behalf. It is one of those projects that makes you question the real limitations of crypto, AI, and machine learning (or whether there are any). Major companies like Bosch and Datarella have already employed Fetch’s services, while the startup recently raised $15m for further development.
Another reason that Fetch and its “Autonomous Economic Agents” (AEAs) can lead the narrative in this space is because of how well-designed and accessible the platform is. This could well be the place where we see the smart AI autonomous economy built.
4. SingularityNET ($AGIX)
SingularityNET is a decentralized AI marketplace that leads the discussion surrounding democratized access to AI services. The cryptocurrency element is that all AI services must be purchased with the $AGIX cryptocurrency. Developers are invited and empowered to upload their own AI tools and algorithms to earn AGIX from sales to others. This business model essentially means anyone can access AI technology, if they have AGIX to spend, or monetize their algorithms if they’ve written some.
Impressively, SingularityNET has already partnered up with IBM (whose Watson computer system was the first usable AI engine ever), and the United Nations (which is pretty powerful, when it wants to be). At the time of writing, there are already more than 50 services available, making this arguably the biggest AI algorithm network in the world.
5. Ocean Protocol ($OCEAN)
Last, but by no means least, we have the Ethereum-based Ocean Protocol. It aims to lead the discussion about improving the quality of decentralized data, which currently lags behind centralized data. Tapping into the fact that decentralized data offers more control, Ocean provides a marketplace for data sharing that is built on AI. They’ve already raised over $20m in funding and have partnered with Aviva and Roche.
Ocean aims to level the playing field for data and AI, with cryptocurrency helping to facilitate the mission. By clawing power away from Big Tech’s richest names, Ocean allows anyone to contribute to this pioneering industry and its astonishing rise.
An Unexpected Revelation in Crypto-AI!
Remarkably, whilst writing this article, SingularityNET, Fetch.AI, and Ocean Protocol announced a stunning cryptocurrency merger! The new AI mega-project will be called Artificial SuperIntelligence Alliance, with the proposed $ASI token boasting a $7.5bn FDV from launch. While the dust settles on this extraordinary news, we can expect this merger to be a challenge to rivals NEAR Protocol, and also to the rising influence of big tech in AI.
YOUR and AIOZ will continue on their respective missions too, leading distinct narratives as the year progresses.
The post Top 5 Projects Leading the AI-Crypto Narrative in 2024 appeared first on CryptoSlate.
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