The fever of artificial intelligence (AI) has spread to the complicated realm of cryptocurrency. It might not be immediately clear how AI and cryptocurrencies are related. But the quick surge in popularity of AI technology has given rise to a new category of cryptocurrencies known as “AI crypto coins” or “AI tokens.”
How are AI tokens different from usual coins?
AI technologies have proven they are the upcoming big thing in the globe during the last few months. It is anticipated to significantly enhance our quality of life. As a result, it is not surprising that interest in AI tokens is expanding. The market for digital assets is always seeking the next big thing, and AI might be the solution. Let’s start by defining AI tokens. Simply put, they are coins associated with blockchain-based AI applications. However, it serves as a general term for AI-based services in the cryptocurrency industry. Some of them assist users in building virtual marketplaces to trade AI algorithms, while others are particularly interested in blockchain applications. To learn more about this fascinating intersection of blockchain and AI, you might consider taking a Blockchain Course to deepen your understanding and explore the potential of this emerging field.
How do they differ from regular crypto coins now?
Blockchain networks are the foundation of cryptocurrencies. As we already observed, blockchain networks are also the foundation for AI tokens. They are made mostly of the same material as a result. But there is a key distinction between the two. AI tokens have the benefits of AI, which increases their functionality, security, and performance. AI tokens that have been imbued with these abilities can forecast changes in the market. This trait is appealing in the volatile world of cryptocurrencies. They can keep track of market developments and aid investors in making wise judgments. Additionally, these tokens have the ability to search social media for cryptocurrency-related keywords, which aids in the decision-making process.
AI is renowned for its adaptability and versatility in use. Similarly to that, there are numerous applications for AI tokens. One AI lab working on automating routine processes like finance and travel is Fetch.ai (FET). While this is going on, Cortex is constructing the first decentralized computer capable of running decentralized applications that are powered by AI. The Graph (GRT), Render Token (RNDR), Oasis Network (ROSE), Solidus Ai Tech (AITECH), Injective (INJ), and SingularityNET (AGIX) are a few of the well-known AI tokens. The most valuable AI token is GRT, which has a market cap above $1 billion.