JAKARTA Cryptocurrencies and blockchain technology have been a hot topic in recent years. But, nowadays, a remarkable upward trend in blockchain projects centered on artificial intelligence (AI) or AI cryptocurrencies.

Starting in early 2023, some of the leading AI projects have achieved impressive returns, outperforming the market average of about five times over the same period. In addition, rapid adoption and application of AI have been the reason behind this growth.

Therefore, this article will discuss why AI crypto projects are increasingly popular and whether recent momentum is just irrational excitement or there is fundamental change behind it.

In January 2023, the three largest AI projects acquired an average of more than 150 percent, which showed very rapid and impressive growth. Currently, most of the leading AI projects continue to experience price increases, with some projects whose value rose more than double in the first week of February.

However, although some projects have established and performed well in recent weeks, most are still below all-time highs. The integration of AI and blockchain technologies shows great potential to drive AI and blockchain advances in the industry.

This article will discuss the reasons behind the growth of AI-based crypto projects. Here are the top five blockchain crypto projects supported by AI technology:

The platform The Graph indexed data from various blockchains using AI to more efficiently retrieve and index the data. The Graph provides a grant worth 60 million US dollars (Rp911 billion) to Semiotic AI for research and development.

The project integrates blockchain and AI technologies by providing decentralized platforms for AI services, enabling developers and businesses to monetize algorithms and their models while enabling end users to access AI services.

This platform allows safe and transparent data exchange for artificial intelligence (AI) and machine learning (ML) applications. Ocean Protocol uses blockchain technology and smart contracts to provide a safe environment for data providers to monetize their data while remaining in control of its use.

Match uses AI and blockchain technology to power various autonomous agents, with the aim of creating an open and operational network where data and services can be easily accessed and monetized.

The project uses artificial intelligence to power decentralized hedge funds and crowdsources. Artificial intelligence models from around the world are trained with encrypted financial data to make predictions traded on global financial markets.

Currently, there are dozens of crypto projects that take advantage of AI in some capacity, this step shows great potential to drive AI and blockchain advances in the future. The more projects that integrate AI and blockchain technology, the greater the chance of creating an open, operational network, and enabling economic growth and new business models.


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