Artificial Intelligence (AI) and cryptocurrencies are two technologies that encapsulate the spirit of our times. It was only a matter of time before these two domains intersected, giving rise to AI crypto.
These specialized tokens function as the operational fuel for AI platforms built on blockchain technology. By spending the tokens, users can access and benefit from the integrated AI features of the platforms.
In this article, we will explore three AI crypto projects—SingularityNET, Ocean Protocol, and yPredict—that show promise in effectively merging these two dynamic fields.
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SingularityNET offers a decentralized AI marketplace, using blockchain technology to give open access to various AI algorithms and tools. The platform aspires to develop artificial general intelligence (AGI), a form of AI that can perform multiple tasks rather than just specialized ones.
Founded by Dr. Ben Goertzel and Dr. David Hanson in 2017, the latter also runs Hanson Robotics, known for creating the humanoid robot Sophia. SingularityNET operates on both the Ethereum and Cardano blockchains, allowing developers to share their AI services for public or corporate use. The native currency of the platform is AGIX, which is used for internal transactions.
SingularityNET was among the early initiatives to combine AI and cryptocurrency technologies. By utilizing blockchain, it strives to make AI more accessible and foster a community where developers can collaborate and enhance their AI services.
The platform currently hosts over 70 AI services, developed by a global community of creators. These services range from real-time voice cloning to image generation, and they are designed to be user-friendly, so even those not well-versed
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