Cortex ( CTXC ) is a decentralized, open-source blockchain platform that integrates artificial intelligence ( AI ) models into smart contracts. This integration enables developers to create AI powered decentralized applications ( DApps ), expanding the potential of blockchain technology.
Project Overview: Launched in 2018, #Cortex aims to democratize AI by providing a platform where AI models can be uploaded, executed, and integrated into smart contracts. The Cortex Virtual Machine ( CVM ) is compatible with the Ethereum Virtual Machine ( EVM ) and includes an AI inference layer, allowing for seamless integration of #AI functionalities.
Tokenomics: The native cryptocurrency of the Cortex network is CTXC . As of November 21, 2024, $CTXC is trading at approximately $0.43 USDT , with a market capitalization of around $97 million USDT . The circulating supply is about 225 million CTXC , out of a maximum supply of nearly 300 million tokens.
Use Cases: Cortex facilitates the development of AI driven DApps across various sectors, including finance, healthcare, and logistics. By enabling AI models to operate on the #blockchain , Cortex enhances the capabilities of smart contracts, allowing for more complex and intelligent operations.
Market Performance: $CTXC has experienced significant volatility since its inception. The token reached an all-time high of approximately $2.39 USDT in April 2018 and an all-time low of about $0.03 USDT in March 2020. The current #price reflects a substantial recovery from its lowest point, indicating renewed interest in AI integrated blockchain solutions.
Conclusion: Cortex represents a pioneering effort to merge AI with blockchain technology, offering a platform for the development of intelligent #DApps . While $CTXC has shown volatility, its current market position suggests a growing recognition of the value in AI enhanced smart contracts.