The intersection of Artificial Intelligence and Cryptocurrency holds the promise of transforming various aspects of our society by making processes more efficient, secure, and independent of centralized control. These projects are poised to drive significant innovation in both the AI and blockchain spaces. In this report we share our insight into the best emerging crypto projects with the focus on artificial intelligence applications.

The Importance of Crypto Projects

Crypto projects focusing on artificial intelligence (AI) applications hold significant importance and potential for several reasons, which we highlight below:

Decentralization and Censorship Resistance: AI crypto projects offer a decentralized approach to creating and disseminating AI models. This decentralization helps in making AI technologies more accessible and less prone to censorship, fostering innovation and development in a more open environment.

Enhanced Trading and Market Efficiency: By leveraging AI, crypto markets can automate complex tasks, refine trading strategies, and improve overall market efficiency. AI algorithms can analyze vast amounts of data at high speeds, enabling more accurate and timely decision-making in trading and investment.

Fraud Detection and Security: AI plays a crucial role in detecting fraudulent activities within the crypto space. Advanced pattern recognition and anomaly detection can identify irregularities in transactions, helping to curb activities like money laundering and market manipulation.

Smart Contracts and Automation: AI models can be integrated into smart contracts on blockchains to automate transactions based on predetermined conditions. This can streamline processes such as re-orders, payments, and inventory management, thereby increasing operational efficiency.

Increased Value in Business Processes: Combining AI with blockchain technology can remove friction, add speed, and increase efficiency in business processes that involve multiple parties. This integration can bring new value to business operations, making them more streamlined and effective.

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The best emerging crypto projects with the focus on AI applications

Below we highlight some emerging crypto projects with a focus on Artificial Intelligence (AI) applications. These projects, in our view, look very promising in the long-term:

The Graph (GRT):

An indexing protocol for querying networks, enabling efficient data retrieval in decentralized applications. The Graph is designed to make it easier to access blockchain data. It enables developers to build and publish open APIs, called subgraphs, that applications can query using GraphQL.

By decentralizing the process of data indexing and querying, The Graph aims to create a more reliable and censorship-resistant infrastructure. This is in contrast to traditional centralized API services.

GRT is the native token of The Graph network. It is used as an incentive for participants who index and query data. Indexers, curators, and delegators earn GRT tokens for their work in maintaining and curating the network.

The Graph is used by various decentralized applications (dApps) in the Ethereum ecosystem and beyond. It supports multiple blockchains, making it a versatile tool for developers. Graph has a growing community of developers and users. It is supported by The Graph Foundation and has partnerships with various projects in the blockchain space.

GRT (The Graph) can be purchased on various cryptocurrency exchanges. Here are some popular exchanges where you can buy GRT:

1. Binance: One of the largest and most popular cryptocurrency exchanges globally. It offers a wide range of trading pairs for GRT.
2. Coinbase: A user-friendly platform that supports GRT. It’s a good option for beginners due to its ease of use.
3. Kraken: Another well-known exchange that offers GRT trading pairs. It is known for its security and reliability.
4. Huobi: A major exchange that supports GRT and offers various trading pairs.
5. Bitfinex: An exchange that provides GRT trading with several fiat and crypto pairs.
6. Uniswap: A decentralized exchange (DEX) where you can trade GRT directly from your wallet without an intermediary.
7. Gemini: A regulated cryptocurrency exchange that supports GRT, known for its strong compliance and security measures.
8. OKX (formerly OKEx): Another large exchange offering GRT trading pairs.

To purchase GRT, follow these general steps:

1. Create an Account: Sign up for an account on one of the exchanges mentioned above.
2. Verify Your Identity: Complete any necessary identity verification processes.
3. Deposit Funds: Deposit fiat currency (like USD, EUR, etc.) or other cryptocurrencies (like BTC or ETH) into your exchange account.
4. Find GRT: Navigate to the GRT trading pair you wish to trade (e.g., GRT/USD, GRT/BTC, GRT/ETH).
5. Place an Order: Place a buy order for GRT. You can choose between a market order (buys at the current market price) or a limit order (buys at a specified price).
6. Secure Your GRT: Once purchased, consider transferring your GRT to a secure wallet where you control the private keys.

SingularityNET (AGIX):

A marketplace for AI data sets and services, facilitating collaboration among AI developers and users. SingularityNET aims to create a decentralized ecosystem where AI services are accessible, collaborative, and governed by the community. SingularityNET provides an ever-growing library of AI algorithms created by a community of service providers. Developers can integrate AI services into their applications, and the publishing infrastructure allows them to manage and launch services globally.

AGIX serves as the utility token on the platform. It facilitates transactions, enables global access to AI services, and supports future autonomous AI interactions. AGIX holders also participate in governance decisions within SingularityNET.

A long-term project within SingularityNET, OpenCog Hyperon aims to implement a complete, scalable, and open-source general artificial intelligence system based on principles like Neuro Symbolic AI, Evolutionary Learning systems.

AGIX works across multiple chains, including Ethereum and Cardano.

To buy SingularityNET (AGIX), follow these steps:

1. Open an Account: Sign up on popular exchanges like Binance, KuCoin, or HitBTC. These platforms offer secure systems and user-friendly interfaces.
2. Purchase Ethereum or Bitcoin: Buy Ethereum (ETH) or Bitcoin (BTC) from your preferred crypto platform.
3. Transfer to AGIX-Supporting Exchange: Transfer your purchased ETH or BTC to an exchange that supports SingularityNET. You can find AGIX on decentralized exchanges (DEXs) like Uniswap and Balancer.

Render Token (RNDR):

A distributed GPU rendering network that allows artists and creators to render high-quality graphics and animations using blockchain technology.

What is GPU rendering and why it looks promising?

GPU rendering refers to the process of using a graphics processing unit (GPU) to accelerate the rendering of images or animations. Unlike CPU rendering, which relies on the central processing unit (CPU), GPU rendering leverages the parallel processing capabilities of GPUs to handle complex calculations involved in rendering scenes, textures, lighting, and other visual elements.

Here’s how it works:

1. Parallel Processing: GPUs consist of thousands of cores that can perform multiple tasks simultaneously. When rendering, each core processes a portion of the scene independently, significantly speeding up the overall rendering process.
2. Real-Time Feedback: GPU rendering allows artists and designers to see real-time feedback as they make changes to their scenes. This is especially useful for interactive workflows and adjustments.
3. Optimized for Graphics Workloads: GPUs are specifically designed for graphics-intensive tasks, making them well-suited for rendering tasks that involve ray tracing, global illumination, and complex shaders.
4. Software Compatibility: Popular 3D rendering software, such as NVIDIA’s OptiX, AMD Radeon ProRender, and Redshift, support GPU rendering. These tools integrate seamlessly with industry-standard applications like Blender, Maya, and 3ds Max.

GPU rendering offers speed, interactivity, and optimized graphics performance, making it a preferred choice for many creative professionals.

Render (RNDR) is a crypto project that has gained attention due to its unique focus on decentralized GPU computing power. We consider this project very promising due to the following reasons:

Decentralized GPU Computing: RNDR operates as a decentralized marketplace for GPU computing power. 

Growing demand for GenAI (generative AI) and image-rendering services: The global generative AI market was estimated at USD 13.0 billion in 2023. According to Grand View Research, it is projected to grow at a CAGR of 36.5% from 2024 to 2030, reaching a market volume of USD 136.7 billion by 2030.

Key Developments: Two significant developments contributed to RNDR’s rise:

• Nvidia’s Earnings: Chipmaker Nvidia’s record-breaking quarterly earnings boosted confidence in AI-related cryptos.
• OpenAI’s Sora: The launch of OpenAI’s text-to-video AI product, Sora, further supported RNDR’s performance.

Integration with Apple’s RealityKit 2: RNDR’s integration with Apple’s RealityKit 2 has driven demand for its services, especially in machine learning workloads.

If you’re interested in buying RNDR, here are some steps and platforms where you can acquire it:

Binance: Binance is a popular cryptocurrency exchange where you can trade RNDR. Consider creating an account there and explore the RNDR/USDT trading pair.

Kraken: Kraken is another reliable exchange. Sign up, connect your funding method, and purchase RNDR.

Crypto.com: Download the Crypto.com App, complete the verification process, and deposit funds. You can then buy RNDR using fiat currency or other cryptocurrencies.

Fetch.ai (FET):

An autonomous agents network that combines blockchain and AI to create a decentralized marketplace for data and services. Fetch.ai aims to decentralize and automate repetitive transactions on the Internet, facilitating communication and collaboration between AI Agents. Its native token, FET, is used for staking and to pay for AI services. The platform bridges the gap between legacy systems and the post-AI/web3 internet.

At the core of Fetch.ai are AI Agents. These autonomous programs operate in a decentralized world, making decisions independently on behalf of people, organizations, and even devices. Imagine having a digital personal assistant that understands your needs and makes smart decisions for you. AI Agents form dynamic marketplaces, connecting, searching, and transacting.

The Agentverse serves as the playground for AI Agents. It’s a Software as a Service (SaaS) platform tailored for developing AI Agent solutions. The AI Engine bridges human input with AI efficiency. It parses, understands, and connects human language to the right AI Agents. Essentially, it acts as a translator that turns your words into AI actions.

The foundation of the ecosystem, the Fetch Network supports AI Agents, the Agentverse, DeltaV, and the AI Engine. Elements like the Almanac contract, Fetch Name Service, Fetch ledger, and FET Tokens maintain harmony and efficiency within the Fetch.ai world.

As AI adoption increases, there’s a growing need for efficient, autonomous decision-making systems. Fetch.ai’s AI Agents can handle tasks like supply chain optimization, energy management, and personalized services. Fetch.ai aims to connect various blockchains, IoT devices, and data sources. This interoperability can unlock new use cases and expand its reach.

The FET token is essential for staking, governance, and accessing AI services. If the platform gains traction, demand for FET could rise.

These projects are paving the way for decentralized AI services and marketplaces, leveraging the alliance of AI and blockchain technology.

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