Because Of OpenAI, Crypto Project Focusing On Artificial Intelligence Increasing One Hundred Percent

Cryptos that focus on developing AI are experiencing price increases. (Photo; Doc. SingularityNet)

JAKARTA - The world is becoming increasingly interested in Artificial Intelligence (AI) along with the release of platforms that use AI such as Dall-E, Deep AI, and others. Google Trends recorded the highest scores for the terms "AI" and "Chatgpt" during January 22-28, 2023.

At the same time, Microsoft also entered the third phase of its long-term partnership with Openai in an investment of 10 billion US dollars. In the past two months, the Openai Chatgpt or GPT-3 platform has become a widely used AI phenomenon.

AGIX and VXV Skyrocket

This AI trend is also spilling over into crypto projects focused on AI development, some of which are Singularitynet, Vectorspace AI, and Fetch.ai, which are integrating AI into their protocols. Singularitynet's native token (AGIX) is up 293 percent in the past month, while its Vectorspace AI (VXV) token is up 95.9 percent.

Singularitynet (AGIX) is an AI project that uses blockchain technology. Despite a 6 percent decrease on January 29, 2023, this project has seen a price increase of 17.5 percent over the past two weeks. The goal of Singularitynet is to support the next generation of decentralized AI.

Vectorspace AI (vspb.science) is another blockchain-powered AI project that owns a token called VXV. This token has seen a price increase of 95.9 percent over the past month.

Then, the Fetch.ai project has also experienced similar demand over the last four weeks, with its FET token seeing a 212 percent increase in price against the US dollar in the last 30 days. Fetch.ai says the project creates autonomous agent technology for peer-to-peer applications with automation and AI capabilities, with or without direct blockchain access.

Ocean Protocol, another AI-based blockchain project, and its OCEAN token have seen a 130 percent increase in price against the US dollar in the last 30 days. Ocean Protocol, named a technology pioneer by the World Economic Forum, aims to unlock data at scale through the monetization of encrypted data.

According to a Bitcoin.com News report, all AI-related crypto assets are still in the bottom 75 in terms of market cap, and have recently experienced a spike in price due to increased interest in AI/Chatgpt. However, no one can predict how long the demand for these AI-based crypto assets will last.