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Get ready for the AI trend in 2023 - AI blockchain projects you should know

  1. Fetch AI
  2. SingularityNET (AGIX)
  3. Ocean Protocol
  4. iExecRLC
  5. Numeraire (NMR)

Artificial intelligence, also known as AI, is widely recognized as one of the most important new technological innovations in the next few decades. AI has the potential to completely revolutionize the way the world moves, accelerate the adoption of new technologies, and create new opportunities and possibilities that were previously impossible.

With the emergence of Open AI's GPT Chat recently, the keyword "AI" has become hot again and is extremely promising to become the next trend for the crypto market. Join BHO Network to learn about 5 AI blockchain projects that you should pay attention to if you want to "catch up" with the AI trend in 2023 of the crypto market.

Fetch AI

Fetch.ai is an AI-driven peer-to-peer protocol that acts as an operating system for the internet of things (IoT). Fetch.ai's goal is to create a deeply connected digital world in which Agents can interact in real time, automatically make decisions, and execute deals without human supervision. The platform uses a native token called FET to promote autonomous economic activity on the network, rewarding Agents for completing tasks.

On the Fetch.ai network, a variety of software Agents will represent and act on behalf of their owners. These autonomous agents work to provide optimized services across various ecosystems, benefiting both suppliers and consumers. Fetch.Ai's framework aims to support billions of IoT devices to facilitate seamless communication in an automated and secure manner. Fetch.AI Autonomous Agents are capable of conducting search, negotiation, and knowledge exchange, and share both prediction and value.

The Fetch.ai blockchain is built using the Cosmos SDK, which enables the high performance and throughput required to scale AI-based transactions.

SingularityNET (AGIX)

SingularityNet is an ambitious Blockchain AI marketplace that was initially launched on Ethereum. SingularityNet allows developers to publish and monetize their AI algorithms easily with public APIs and a decentralized marketplace.

SingularityNET was founded by a group of technology researchers and entrepreneurs, including Ben Goertzel - CEO of AI research company OpenCog. The company's goal is to create an open, decentralized AI network that allows everyone to contribute to and access AI services.

Although initially launched on Ethereum with a utility token called AGI, the SingularityNet team earlier this year removed all AGI tokens from circulation and replaced them with a new token: AGIX.

Ocean Protocol

Ocean Protocol is a decentralized platform that allows data sharing and exchange. The protocol is built on blockchain technology and uses smart contracts to enable secure and transparent data transactions. Ocean Protocol's goal is to create a more open and fair data ecosystem where individuals and organizations can easily access and share high-quality data for use in machine learning and other AI applications.

By using Ocean Protocol, organizations can share their data while maintaining control over who has access to it and how it is used, and can get paid for sharing their data. This enables the creation of a more collaborative and efficient AI ecosystem where available data can be used more easily and effectively in building and training AI models.

iExecRLC

iExec (RLC) is a network developed with the goal of connecting cloud resource providers with consumers, encouraging an ecosystem of privacy-preserving, decentralized and self-contained applications. iExec aims to provide companies with easy, secure access to data sets, computing resources, and services they need. The platform seeks to implement an infrastructure sidechain (sub-blockchain network attached to the main chain) to promote decentralized governance, big data, and high-performance computing.

iExec is based in Lyon, France, founded by Giles Fedak and Haiwu He. Giles is the CEO and Haiwu He is the head of iExec's Asia-Pacific operations. Oleg Lodygensky is the project's Chief Technology Officer. Gilles, Haiwu and Oleg have all received PhDs in various fields of engineering and are enthusiastic researchers in the field of distributed systems.

Numeraire (NMR)

Numerai is a blockchain-based software that acts as a hedge fund and combines artificial intelligence, machine, cryptography and data science technology to predict the stock market and allow users to trade stocks. Numerai has two applications in its software, with each supporting a different type of transaction.

Numerai Signals is where stock market strategies are uploaded to support a certain trading style or a particular stock. Numerai Tournament, on the other hand, allows users to upload trading algorithms as a weekly contest.

The software itself acts as an AI aggregator known as a “meta model” and uses algorithmic trading. The system aggregates users' predictive models onto the platform. The Numerai software then acts as a hedge fund and trades stocks based on the chosen prediction model.

AI and blockchain are both potential and promising new technologies, and the combination of these two will surely create extremely powerful applications with high applicability. All tokens of the above projects can be easily bought and sold on decentralized exchanges, all you need is to install 3S Wallet and connect to the most popular DEXs currently! However, this is not investment advice but merely for the purpose of providing information, investors should consider carefully before deciding to invest in any form. Nevertheless, there's no denying that these are projects that deserve attention, as the AI trend is being talked about more. So open 3S Wallet, add these tokens to your portfolio and watchlist to follow along!

Published on January 20, 2023

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