Artificial Intelligence and Blockchain are the two leading technologies that have strongly emerged during the last decade. Blockchain is revolutionizing the financial industry whereas AI has the potential to transform every industry virtually. Together, these technologies can revolutionize the whole world.
Over the past few months, AI-based blockchain projects have gained a lot of attention. And the amount of these projects has now reached a level where investors are confused about which ones are worth investing in. This article highlights some of the best AI-powered cryptocurrencies that may revolutionize the blockchain industry in the future.
AGIX is the native token of a blockchain-based project called SingularityNET that aims to enable the creation, sharing, and monetization of AI services.
Decentralized AI marketplace – SingularityNET provides a decentralized marketplace where AI developers and users can connect and exchange services using AGIX tokens.
Interoperability – The platform is designed to be interoperable with other blockchains and AI technologies, allowing for easy integration with existing systems and services.
Community-driven governance – The platform is governed by a community of users who hold AGIX tokens, and decisions about its development and direction are made through a decentralized voting system.
AI-as-a-service – SingularityNET allows developers to create and deploy AI services on the platform, which can then be accessed and used by other developers or end-users.
By providing a decentralized platform for the creation and exchange of AI services, SingularityNET has the potential to disrupt traditional AI markets and create new opportunities for innovation and growth.
Additionally, SingularityNET has a strong team of experienced developers and advisors, including several prominent figures in the blockchain and AI communities. The platform has also received support from several high-profile partners and investors, including Bitmain, Huawei, and Tim Draper.
Fetch.ai is an AI-based blockchain network that allows for the creation and deployment of autonomous agents that can communicate, transact, and coordinate with each other.
Autonomous Agents – Fetch.ai allows users to create autonomous agents that can act on their behalf, such as booking travel, managing energy usage, or trading cryptocurrencies. These agents are powered by machine learning algorithms and can learn from their interactions with the environment and other agents.
Smart Contracts – Fetch.ai offers a smart contract platform that enables users to create and execute complex contracts that are self-enforcing and tamper-proof. This feature allows for the creation of new business models and revenue streams, such as decentralized marketplaces and prediction markets.
Interoperability – The Fetch.ai platform is designed to be interoperable with other blockchain networks, enabling seamless communication and transactions between different networks.
Energy Efficiency – Unlike traditional blockchain networks, this network uses only a fraction of computing resources.
Scalability – Fetch.ai uses a unique consensus mechanism called Proof-of-Stake with Reputation (PoSR), which enables the network to accommodate a large number of users and transactions.
Fetch.ai has a strong team of developers and advisors, a clear vision and roadmap for the project, and has already formed partnerships with several industry leaders.
Oasis Network (ROSE)
Oasis Network is a decentralized blockchain platform that aims to solve the scalability and privacy issues faced by existing blockchain networks.
Privacy – Oasis Network ensures data privacy and secure computation with Confidential Smart Contracts.
Scalability – The Oasis Network uses a two-tiered architecture that separates the consensus layer from the execution layer, allowing for greater scalability and faster transaction processing.
Interoperability – Oasis Network is designed to be interoperable with other blockchain networks, allowing for seamless communication and data sharing between different networks.
Community-Driven Governance – The Oasis Network is governed by its community of token holders, who have a say in the network’s development and decision-making processes.
Oasis Network has a strong team of developers and advisors, a robust technology stack, and a growing community of users and supporters. Its focus on privacy and scalability also sets it apart from other blockchain platforms, making it a potential game-changer in the blockchain industry.
The Graph (GRT)
The Graph is an open-source indexing and querying protocol that allows developers to efficiently retrieve data from other blockchains in a trustless and efficient manner.
- Cost-effective – The Graph uses a token-based protocol to provide cost-efficient solutions for developers who need data from different blockchain networks to create innovative decentralized applications.
- Compatibility – The network is compatible with multiple blockchain networks, including Ethereum, Binance Smart Chain, and Polygon (formerly Matic).
- Ease of use – Developers can use the Graph Explorer tool to search for and access data from multiple blockchains in a user-friendly manner.
- Strong community – The Graph has a strong and growing community of developers and users who are committed to the network’s success. This community provides support, resources, and expertise to help users get the most out of the network.
Ocean Protocol (OCEAN)
Ocean Protocol is an Ethereum-based decentralized data exchange that enables data providers to share and monetize their data assets while ensuring data privacy and security for both providers and consumers.
- Decentralized – Ocean Protocol is a decentralized platform that allows users to directly exchange data without the need for intermediaries or centralized authorities.
- Privacy and security – Ocean Protocol uses advanced encryption techniques to ensure the privacy and security of data exchanged on the platform. Data is also fragmented and distributed across the network, making it much harder for attackers to access or manipulate.
- Scalability – Ocean Protocol is designed to be highly scalable, allowing it to handle large amounts of data and high transaction volumes.
- Interoperability – Ocean Protocol is designed to be interoperable with other blockchain platforms, allowing users to exchange data across different blockchain networks.
With the rise of big data, there is a growing demand for data exchange and monetization platforms. Ocean Protocol is well-positioned to capitalize on this trend. Moreover, the platform has formed strategic partnerships with several leading organizations in the data industry, including IBM, Deloitte, and NVIDIA.
The combination of artificial intelligence and blockchain technologies has given rise to numerous projects that have the potential to transform the world. AGIX (SingularityNET), Fetch.ai (FET), Oasis Network (ROSE), The Graph (GRT), and Ocean Protocol (OCEAN) are some of the leading names in this category.
We recommend conducting your own research if you’re willing to invest in these projects. If you need more information about Artificial Intelligence-based blockchain projects, feel free to get in touch with us.