The trend toward the development of technologies related to artificial intelligence is only beginning to gain momentum. However, we can already say with certainty that AI will not only come into our lives sooner than many thought but will also make it possible to solve the problems of people from the most diverse spheres.
Combining artificial intelligence with blockchain technology offers huge potency. AI analyzes patterns in blockchain data and detects suspicious activity, helping to reduce fraud and money laundering. Moreover, using AI in confidential smart contracts ensures that transactions comply with predefined rules. Finally, AI uses predictive analytics better to forecast trends and prices in the cryptocurrency market.
Although AI cryptocurrencies are relatively new to the world of trading, they are gaining popularity among investors. Among 200 AI cryptocurrencies that exist not all are noteworthy due to the lack of future planning and research. The following discussion focuses on the projects that have combined several future technologies and the factors that should lead them to success.
Fetch.ai (FET)
Fetch.AI is a decentralized infrastructure that combines artificial intelligence and blockchain technologies to create autonomous economic agents. These AI-driven agents are capable of solving a wide range of user problems while interacting, trading, and collaborating on the Fetch.AI network. The platform could potentially link Internet of Things technologies and algorithms to train them.
The company’s goal is to revolutionize the way we do business by harnessing the collective power of advanced AI, Web3, and multi-agent technologies.
The FET token is the primary medium of exchange in the Fetch.ai ecosystem. It is used by agents to fund certain network functions and is an important means of incentivizing good behavior.
Current price as of March 20, 2024: $2.50.
All-time high (ATH): $3.12 (10.03.2024).
All-time low (ATL): $0.00827 (13.03,2020).
SingularityNET (AGIX)
SingularityNET is a decentralized platform that enables the creation, sharing, and monetization of artificial intelligence-based services. Previously, the team worked on the creation of a humanoid robot “Sophia”. Therefore, SingularityNET partners are major global companies working in the field of artificial intelligence and robotics, such as Hanson Robotics, Ocean Protocol, Swae, Epik Protocol. The company has also partnered with one of the best blockchains, Cardano.
AGIX is a token of the SingularityNET platform. By staking it, users keep the network running, help AI Marketplace transactions, and enable companies to enter the marketplace using a fiat gateway. For doing so, they are rewarded with additional tokens.
AGIX vs FET actual price as of March 20, 2024: $1.02.
All-time high (ATH): $1.86. (20.01.2018).
All-time low (ATL): $0.007497 (13.03.2020).
Representatives of Fetch.ai and SingularityNET, have stated they will “join forces to solve critical problems in the field of AI”.The organizations’ executives plan to leverage key technologies from both companies for further joint development. This collaboration will allow developers to access and combine tools such as DeltaV’s Fetch.ai interface and SingularityNET’s AI API. By doing so, AI developers can create decentralized, robust, and intelligent models. The new interface will be available in 2024.
Both coins are relatively new, but they are available for conversion on Godex.io where you also can traditionally exchange KLAY to MATIC and other hundreds of assets anonymously and beneficially.
