No technology has the potential to revolutionize human life as much as AI. 2023 has proven the growing symbiotic relationship between humans and AI. The emergence of ChatGPT and Bard sparked a mini bull run in AI tokens, and the AI trend continues with its hype.
No single narrative has received so much attention so far in the bear market and outperformed across multiple tokens. This outperformance showcases the bullish sentiment investors have towards the AI narrative.
The total market cap of the AI space is only about $6 billion. This number is insignificant considering that AI will be widely adopted in the coming years. As more companies consider integrating AI and web3 solutions, the AI narrative will be one of the best performing narratives over time.
Some AI projects worth watching:
Bittensor $TAO
Market Cap: $1.7 billion
Bittensor (TAO) is a decentralized network that connects machine learning models around the world, operating like a collective brain with distributed "neurons". These models collaborate to process information, similar to the synergy of neurons in the human brain.
Bittensor uses a unique blockchain architecture built on the Substrate framework, the same framework that powers Polkadot. Bittensor has built a decentralized machine learning protocol that can create dedicated blockchains for seamless connectivity.
Render $RNDR
Market Cap: $1.7 billion
Render (RNDR) is a pioneer in integrating AI, blockchain, and graphics rendering. Render is a decentralized GPU rendering network built on Ethereum that provides users with access to a global market for GPU resources.
Render's solution sees it as a blockchain counterpart to industry leaders such as NVIDIA.
SingularityNet $AGIX
Market value: $421 million
SingularityNET (AGIX) is a decentralized AI service marketplace that enables developers to create and sell AI applications. It leverages blockchain and smart contracts to ensure a secure and transparent AI service transaction environment.
AGIX, its native token, facilitates transactions, incentivizes network participation, and rewards contributors, enhancing the platform and its core AI capabilities.
Ocean Protocol (OCEAN)
Market value: $300 million
OCEAN is the native token that serves as a central incentive and payment method, rewards active network participation and facilitates the trading of data and AI services.
In addition, Ripple's ecosystem #XRPS is airdropping, receiving 600 XRPS, link: xrps.cc
Currently ranked second in Ripple's AMM pool.
