Is the AI Boom OVER ❓
Should I Buy AI Crypto Coins ❓
Which AI coins will survive ❓
Well.. We’ve been getting these questions everyday.. It’s time we answer them all! 👇
(1/19) 🧵
Should I Buy AI Crypto Coins ❓
Which AI coins will survive ❓
Well.. We’ve been getting these questions everyday.. It’s time we answer them all! 👇
(1/19) 🧵
Artificial Intelligence is widely seen as one of the breakthrough technologies of the next decade. It has the potential to transform the way the world does business, accelerate new technologies, & enable the creation of previously unimaginable social & financial networks. (2/19)
However, as AI becomes more popular, the negative consequences of concentrating all power in the hands of a few centralized entities become more apparent. (3/19)
Consider a world in which AI is not governed by a single central authority. It instead runs on a decentralized network in which everyone has equal power and true ownership of their data. (4/19)
Blockchain-based artificial intelligence, or decentralized AI projects, benefit from the openness and traceability of the shared ledger. This is due to the fact that open Blockchain networks can be publicly verified by anyone. (5/19)
Smaller companies can now offer their AI applications as a service through decentralized AI marketplaces like SingularityNet, democratizing market access for startups. (6/19)
Decentralization can also lead to increased innovation. In a decentralized system, however, many different entities can contribute to the development and improvement of the AI system, resulting in a broader range of perspectives and more innovation. (7/19)
I’ll quickly run you through 3 projects that have bags full of potential in the AI Crypto scene (8/19)
These agents work on behalf of individuals to generate profits in a variety of ways. A crypto trading robot on a decentralized exchange like Uniswap is an example of an autonomous economic agent in action; the agent can buy and sell crypto to make a profit for its owner. (10/19)
Fetch's adaptability makes it extremely powerful. Autonomous economic agents can help connect devices in the Internet of Things or serve as the foundation for future decentralized marketplaces. (11/19)
$FET has its own blockchain with validation mechanisms that combine proof of work & proof of stake. As a reward for validating transactions on the blockchain, miners earn FET tokens, which can be used to pay for the use of autonomous agents running on Fetch's network. (12/19)
2. SingularityNET $AGIX
It is an online marketplace for the purchase and sale of AI algorithms. The goal of this decentralized marketplace is to connect researchers who are developing AI apps & want to monetize them with businesses that want to implement AI algorithms. (13/19)
It is an online marketplace for the purchase and sale of AI algorithms. The goal of this decentralized marketplace is to connect researchers who are developing AI apps & want to monetize them with businesses that want to implement AI algorithms. (13/19)
To save money & improve operations. To begin, the marketplace on SingularityNET supports AI algorithms in three distinct categories: cloud robotics, biomedical research, and cybersecurity. (14/19)
3. The Graph ( $GRT )
The graph is yet another open-source, decentralised protocol that uses distributed ledger technology to collect data without the involvement of third parties. (15/19)
The graph is yet another open-source, decentralised protocol that uses distributed ledger technology to collect data without the involvement of third parties. (15/19)
This protocol is a global APU for indexing and organising data so that it can be easily accessed and processed with the GraphQL language.
In the same way that Google indexes the web, this protocol indexes blockchain data. (16/19)
In the same way that Google indexes the web, this protocol indexes blockchain data. (16/19)
It is difficult to index blockchain data because many smart contracts store data, making it difficult for a DApp to respond to queries quickly. Subgraphs are used by the Graph protocol to easily retrieve data from the blockchain. (17/19)
Subgraphs are used by the Graph protocol to easily retrieve data from the blockchain. They are open APIs that define which data should be indexed and how it should be stored. $GRT is the network's native token. This token is used within the network to allocate resources. (18/19)
Too lazy to read the entire thread? Here's a 3 min video explaining this! 👇 (19/19)
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