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- 1 The best AI crypto projects provide efficiency and innovation in the blockchain industry.
- 2 Identifying these projects will help investors make perfect decisions and grab potential opportunities.
AI crypto projects integrate artificial intelligence to create innovative products and provide its services in various sectors such as finance, data, supply chain, gaming, and more.
The power of AI is utilized to enhance the security, efficiency and scalability in the crypto projects. Besides this, some AIs are also used to improve the consensus mechanism, increase the transaction speed, analyze the data, and predict the market price so that traders can make the desired decisions.
Some of the best AI crypto projects are listed below.
Fetch.ai (FET)
Fetch.ai is an infrastructure for smart, autonomous services. With the help of this, one can automate the web3 systems. This way, it reinvents the business models. The AI predicts the tasks, thus providing the learning data. The autonomous software code acts on the behalf of the human organization.
Simply, on behalf of the users, it can perform tasks like data collection, processing, analysis and delivery. It enhances collective learning by sharing data. The smart contracts enable the creation of decentralized applications.
FET tokens are used to pay for transactions, services, and rewards on the network. It claims to have use cases in transportation, DeFi, and energy.
The Graph (GRT)
The Graph is a decentralized platform that collects data from various blockchains. In a way, it provides the simple data to developers to gain the fundamental information, and thus, helps in creating a project.
The Graph uses an open API that anyone can query with GraphQL, a powerful query language for APIs. They use the distributed ledger technology to gather data independently.
Graph has integration with various blockchains like Fantom, Avalanche, Celo, etc. it partnered with StreamingFast in June 2021, which aims to improve the performance and scalability of The Graph’s indexing and query services.
GRT is an ERC-20 token used for paying for queries on the network. Also, it is used in staking and governing by token holders who participate in protocol decision making.
SingularityNET(AGIX)
The SingularityNET is designed to build, share, and monetise with the help of AI services. It has its own native currency called AGIX which is used to power the platform. AGIX is an ERC-20 token that runs on the Ethereum chain but also supports other chains like Cardano.
It is used for various purposes like for paying AI services on the platform, delegating and governing by the token holders etc. In 2020, it formed a partnership with Cardano, which has enabled SingularityNET to leverage Cardano’s scalability, interoperability and smart contract capabilities.
Summary
Fetch.ai, The Graph and SingularityNET are some of the AI crypto projects that have strong use cases and growth potential in the crypto space. These projects utilize the power of AI to help in shaping efficient and intelligent blockchain systems.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
