Bitcoin isn’t just a currency, it’s an idea. And with each new movement coming along, we find a new narrative to latch onto. From DeFi (Decentralized Finance) being created in 2020 to NFTs popping up in 2021, each enacted a new direction in the way we interact with blockchain technology. Now, a new contender is emerging—AI-powered cryptocurrencies. Will this be the next big thing?
The Intersection of AI and Blockchain
Artificial Intelligence (AI) is already impacting markets across the globe and the crypto space is no exception. AI-powered cryptocurrencies use machine learning, automation, and predictive analytics to enhance blockchain efficiency, security, and decision making.
Some AI-focused crypto projects are already developing decentralized AI marketplaces; others use AI to optimize trading algorithms, detect fraud, or even automatically generate smart contracts.
Top AI-Powered Crypto Projects to Watch
Artificial Intelligence inspired projects are something worth checking out if you’re hoping for the next big thing in crypto:
1. Fetch.ai (FET)
Fetch. ai aims to build a decentralized machine learning network that can provide smart automation in applications in the real world like finance, transportation and supply chains using self-aware economic agents to improve efficiency and cost savings.
2. SingularityNET (AGIX)
Founded by Dr. Ben Goertzel, SingularityNET is a decentralized marketplace for AI services that allows anyone to create, share, and monetize AI algorithms (while remaining decentralized).
3. Ocean Protocol (OCEAN)
Ocean Protocol is focused on data sharing and monetization. It helps AI developers and researchers to access valuable datasets while protecting information integrity and privacy via blockchain technology.
4. Render Network (RNDR)
Render Network uses blockchain to provide decentralized GPU rendering power for AI and graphics intensive applications. It’s an essential tool for the creation of AI generated content and 3D rendering.
Why AI Crypto Could Be the Next Big Trend
So why is the AI / crypto space growing in popularity? A few reasons:
AI is hot – With the massive growth in ChatGPT, Midjourney and other AI applications, investors are betting big on AI-related trends.
Institutional interest (As the largest tech companies and financial institutions are exploring AI-powered blockchain applications, the demand is high).
Practical applications – Beyond the meme currencies, smart contracts powered by AI have more concrete uses in automation, security, and data processing.
Very few good AI projects out there – Because there are very few good AI cryptocurrencies out there right now, if these take off big time early on.