AI and cryptocurrencies are two technologies that have become integral to the modern world. It was only a matter of time before they intersected, leading to the emergence of AI crypto. These tokens are the fuel that powers AI platforms running on blockchain technology, allowing users to access the integrated AI features.
This article focuses on three AI crypto projects—SingularityNET, Ocean Protocol, and yPredict—which demonstrate the potential of the fusion of these two dynamic fields.
What is SingularityNET?
SingularityNET is a decentralized AI marketplace that uses blockchain technology to provide open access to AI algorithms and tools. Founded by Dr. Ben Goertzel and Dr. David Hanson in 2017, the platform seeks to develop artificial general intelligence (AGI). It runs on both the Ethereum and Cardano blockchains and uses AGIX as its native currency.
SingularityNET hosts over 70 AI services designed to be user-friendly. Its smart contracts streamline transactions, make them fair and secure, and set prices for AI services. AGIX has evolved to be compatible with multiple blockchains, such as Cardano, Polygon, and Binance Smart Chain.
Ocean Protocol and AI Crypto
Ocean Protocol is a blockchain-based platform that enables the exchange of data between providers and consumers. Data sets and services are tokenized into ERC-20 tokens on the Ethereum blockchain, allowing data providers to securely monetize their data assets. This platform is especially relevant for AI-based sectors.
Ocean Protocol’s core team has an extensive background in big data and AI. Its native currency, OCEAN, is the primary medium for transactions on the platform and enables community governance. The total supply of OCEAN tokens is capped at 1.41 billion, with roughly 613 million in circulation.
yPredict: AI-Driven Crypto Analysis
yPredict is still in the presale phase but has already raised more than $3.83 million towards its $4.6 million goal. It operates on the Polygon Matic chain and offers a prediction marketplace, where financial data scientists can monetize their predictive models and traders can subscribe to these services using YPRED tokens.
The total supply of YPRED tokens is capped at 100 million, with 80 million set aside for the presale. YPRED tokens also enable holders to participate in governance activities within the yPredict platform. Additionally, the platform plans to offer analytical tools, such as pattern recognition, sentiment analysis, and transaction analytics. It is even working on an AI-powered backlink estimator.
AI crypto projects are pushing the boundaries of what these two technologies can achieve when combined. The tokens serve as a bridge, allowing users to tap into AI capabilities via blockchain platforms. Each project offers a unique approach to integrating AI and blockchain.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.