Artificial Intelligence and Cryptocurrency: The Rise of AI-Focused Projects in 2023

Trends amusement that artificial quality (AI) volition beryllium a large taxable successful 2023, arsenic information indicates a surge successful interest. Since involvement peaked and Microsoft invested billions into Chatgpt, request for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto task Fetch.ai has seen its autochthonal token FET emergence 212% successful the past 30 days, and different AI project, Singularitynet, has seen it’s token AGIX summation 293% against the U.S. dollar.

There’s Been a Surge successful Interest successful AI-Focused Cryptocurrency Projects

During the week of Jan. 22-28, 2023, the worldwide Google Trends people for the term “AI” was 94 retired of 100. In the archetypal week of Dec. 2022, the hunt word reached its highest Google Trends people of 100. It’s harmless to accidental that the satellite has go progressively focused connected artificial quality (AI) since the merchandise of AI-infused creation platforms similar Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and others. In the past 2 months, the Openai level Chatgpt oregon GPT-3 has go a wide utilized AI phenomenon.

Google Trends shows the worldwide people for the hunt term “Chatgpt” was 100 during the week of Jan. 22-28, 2023, and it has been rising since the archetypal week of Dec. 2022. Reports besides amusement that Microsoft has entered the 3rd signifier of its semipermanent concern with Openai done a “multi-year, multi-billion dollar investment,” said to beryllium arsenic overmuch arsenic $10 cardinal successful funding. The increasing inclination successful artificial quality (AI) and request for the exertion has spilled implicit to blockchain projects integrating AI into their protocols.

For instance, a crypto plus created by the task singularitynet.io has seen its autochthonal token AGIX emergence 293% successful the past month. Although singularitynet (AGIX) was down much than 6% connected Jan. 29, 2023, it has accrued 17.5% implicit the past 2 weeks. The task aims to enactment the adjacent procreation of decentralized AI. Another blockchain-powered AI project, Vectorspace AI (vspb.science), has a token called VXV that has risen 95.9% implicit the past month. The Fetch.ai task has experienced akin request implicit the past 4 weeks.

Over the past 30 days, the Fetch.ai project’s FET token has risen 212% against the U.S. dollar. The Fetch.ai squad says the task creates “autonomous cause technology” for peer-to-peer applications with automation and AI capabilities, with oregon without nonstop blockchain access.” Another AI-based blockchain project, Ocean Protocol, and its OCEAN token person risen 130% against the U.S. dollar successful the past 30 days. Ocean Protocol, named a exertion pioneer by the World Economic Forum, aims to unlock information astatine standard done encrypted information monetization.

It is uncertain however agelong the request for AI-based crypto assets and the popularity of these tokens volition last. All of the AI-related crypto assets are presently ranked beneath the apical 75 successful presumption of marketplace capitalization and person precocious seen terms surges owed to accrued involvement successful AI/Chatgpt.

What bash you deliberation is driving the surge successful request for AI-focused cryptocurrency projects? Share your thoughts successful the comments below.

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