Artificial intelligence and cryptocurrency

Trends show that artificial intelligence (AI) will become a major topic in 2023 as data points to a surge in interest. As interest peaked and Microsoft invested billions in Chatgpt, demand for AI-focused cryptocurrency projects skyrocketed. For example, crypto project Fetch.ai has seen its native FET token rise 212% over the past 30 days, while another AI project, Singularitynet, has seen its AGIX token rise 293% against the US dollar.
There is a surge of interest in cryptocurrency projects focused on artificial intelligence

During the week of January 22-28, 2023, the worldwide Google Trends score for the term "AI" was 94 out of 100. The search term reached its highest Google Trends score of 100 in the first week of December 2022. It's safe to say that the world is increasingly focused on artificial intelligence (AI) after releasing AI-infused art platforms such as Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe and others. Over the past two months, the Openai Chatgpt platform or GPT-3 has become a widely used AI phenomenon. v Google Trends shows that the global rank for the search term "Chatgpt" was 100 for the week of January 22-28, 2023, and has been increasing since the first week of December 2022. Reports also show that Microsoft has come in third place. phase of its long-term partnership with Openai through a "multi-year, multi-billion dollar investment" said to be up to US$10 billion. The growing trend in the development of artificial intelligence (AI) and the demand for this technology has spilled over into blockchain projects that integrate AI into their protocols.

For example, over the past month, the crypto asset created by the singularitynet.io project has gained its own AGIX token by 293%. Although singularitynet (AGIX) was down more than 6% on January 29, 2023, it has gained 17.5% in the past two weeks. The project is aimed at supporting the next generation of decentralized AI. Another blockchain-based AI project, Vectorspace AI ( vspb.science ), has a token called VXV that has seen a 95.9% increase in value over the past month. The Fetch.ai project has had similar demand for the past four weeks.

Fetch.ai's FET token has gained 212% against the US dollar in the last 30 days. The Fetch.ai team says the project creates "autonomous agent technology" for peer-to-peer applications with automation and AI capabilities, with or without direct access to the blockchain." Another AI-based blockchain project, Ocean Protocol , and its OCEAN token have gained 130% against the US dollar in the past 30 days. Ocean Protocol, named a technology pioneer by the World Economic Forum, aims to unlock data at scale by monetizing encrypted data.

It is not known how long the demand for AI-powered cryptoassets and the popularity of these tokens will last. All AI-related cryptoassets are currently under the top 75 by market cap and have recently seen price spikes due to increased interest in AI/Chatgpt.

Author: GEximius