With two major milestones of FinTech interlinking together in one track, perhaps it is very lucrative for investors at the meantime to combine between the merits of artificial intelligence (AI) and cryptocurrency in the form of AI cryptocoins.
As the integration of AI with blockchain technology offers new and appealing frontiers, investors should select top AI tokens that have significant potential for growth.
In fact, AI is one of the fastest-growing niches in 2023, while blockchain is seen by many experts as the future of finance, so the intersection between them could revolutionize various industries such as finance, healthcare, education and supply chain.
Let’s dive through the crypto market to highlight the top AI crypto coins suitable for investment in 2023, based on factors such as market capitalization, earnings rewards, privacy and overall project. However, it is quiet important to note that investing in cryptocurrencies entails very high risk and requires strong portfolio management skills.
1-Oasis Network (ROSE)
The Oasis Blockchain Platform is a Layer 1 Proof of Stake (PoS) smart contract platform that provides a privacy layer for Web3 dApp smart contracts. The main structure of the platform empowers efficient verifiable and confidential smart contract execution through consensus layer and “ParaTimes.” The consensus layer accommodates multiple smart contract runtimes simultaneously. These independent parallel runtimes or ParaTimes is where smart contract execution occurs.
Oasis next-generation blockchain platform allows users to keep their data private using decentralized applications via Oasis Privacy Layer (OPL) that blocks access to unauthorized parties. It promises to power DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAO.
Launched in October 2020, the network, which is backwards compatible with the Ethereum blockchain, has low gas fees and it is considered a significant upgrade on traditional cloud computing services. Additionally, the platform’s ability to tokenize data opens doors to the development of applications that prioritize privacy.
ROSE is the platform’s native utility token, and is used for staking, commitment processing fees, delegation and debonding at the consensus layer. With a market capitalization of $269,806,064 USD and 24-hour, trading volume of $10,109,183 USD, Rose is currently ranked No. 113 in the crypto market, according to CoinMarketCap.
2- The Graph (GRT)
The Graph is a decentralized protocol for indexing and querying blockchain data for networks like Ethereum and IPFS. Indexing blockchain data is more like how search engine indexes and queries data from websites, but it is really difficult to retrieve correct query results from blockchain data.
The Graph embraces powerful tools and infrastructure to access reliable blockchain data such as the owner of a certain token and the content URI of it, based on ID, or the total supply. This process is conducted through organizing data into smaller open APIs called “subgraphs,” which applications can query using GraphQL.
GRT is the work utility token that coordinates data providers and consumers. The ERC-20 token is used to allocate resources in the network. The undergoing CoinMarketCap ranking for GRT is #44, with a live market cap of $974,366,667 USD and a 24-hour trading volume of $63,181,532 USD.
3- SingularityNET (AGIX)
SingularityNET Platform is an open and decentralized network of AI services running on the blockchain. It has a marketplace that allow developers to seamlessly publish and sell their AI tools, while anybody can “create, share, and monetize” AI services. Training models enable users to automatically generate videos, images and text, as algorithms are capable of performing automatic code generation, grammar correction, speech synthesis, and more.
SingularityNET works on AI Domain-Specific Language (DSL), which is a deep self-organizing network of AI agents that enhances dynamic communication between AI agents.
Transactions management and decentralized community governance in the SingularityNET are conducted in AGIX, the project’s native utility token. At the meantime, AGIX is the fourth biggest token in the AI crypto sector, with a market capitalization of over $256 million. It is worth mentioning that the team behind SingularityNET have engineered a humanoid AI robot known as Sophia, which is regarded by many experts as the “world’s most expressive robot.”
4-Ocean Protocol (OCEAN)
Ocean Protocol is an open-source community marketplace for data sharing and monetization, or an on-ramp for data services into crypto ecosystems, using data NFTs and datatokens. The Ethereum-blockchain-based platform is often defined as a decentralized exchange optimized for data, where individuals and businesses can simply unleash the value of their data and monetize it while preserving privacy and control.
“Ocean smart contracts and libraries make it easy to publish data services (deploy and mint data NFTs & datatokens) and consume data services (spend datatokens),” according to Ocean Protocol’s Whitepaper. The ultimate goal of the platform is to spread the benefits of AI, as data on the Ocean Protocol marketplace can be used to train AI and machine learning models.
Through OCEAN’s utility token, users can stake on data for curation, and buy & sell data as the default unit of exchange on the Ocean Market. In terms of market cap, Ocean is ranked as the 136th largest cryptocurrency, where it is traded on top crypto exchanges such as Binance, Coinbase and Kraken.
5- Render Network (RNDR)
The Render Network is built on top of the Ethereum blockchain, with the purpose of transforming the power of GPU compute into a decentralized economy capable of driving next generation 3D content creation and artificial intelligence. Simply, the network connects between owners of idle GPUs who wish to offer their compute power and creators in search of rendering services.
The platform offers a wide array of computation tasks from basic rendering to machine learning training to complex calculations, aiming to redefine the creation and monetization of digital content. Developers can use Render to build high-bandwidth dApps for industries such as but not limited to gaming, health care and finance. Users can rely on Render network to generate images using the Stable Diffusion deep learning model.
RNDR is an ERC-20 utility token used by artists to exchange for GPU compute power from GPU providers. The process of verification of all art that has been successfully rendered prior to payment disbursal and art release is conducted through RNDR token.
