Artificial Intelligence (AI) tokens are currently witnessing a surge of enthusiasm that began with the introduction of the ChatGPT chatbot, which has transformed into a significant digital trend globally. The impressive functionality of ChatGPT exemplifies how AI can revolutionize various aspects of everyday life. Consequently, many are speculating that AI crypto tokens are the next big market innovation.
The interest in these AI tokens is substantial at this moment, which is quite unusual in a bear market. Leading projects such as The Graph, SingularityNet, Fetch.ai, and OriginTrail ($Trac) are at the forefront.
#AI the next significant trend for crypto? The crypto community has embraced the recent #AI boom, with AI #crypto tokens gaining traction and the sector exploring AI content applications in #Web3
— $mokerKlub (@SmokerKlub) March 11, 2023
These initiatives utilize AI and blockchain technology to address real-world challenges. Projects such as OriginTrail, Fetch.ai, and SingularityNet are currently leading the charge in the AI domain. Let’s examine them.
SingularityNET (AGIX)
SingularityNET is a platform built on blockchain technology that employs AI to foster creativity. It enables users to create, share, and monetize AI services via its dedicated marketplace. Additionally, it leverages blockchain to facilitate transactions between developers and clients, ensuring both security and transparency.
One of SingularityNet’s key strengths is its decentralized model. The marketplace is less susceptible to censorship and manipulation as it is not controlled by any single entity. This decentralization also fosters enhanced collaboration and innovation.
SingularityNET's endeavors at the intersection of AI and blockchain are among the most thrilling and promising in tech today. Excited to see what follows! https://t.co/ytH8WeIKaO
— Johan Lars | (@Zeuz_of_Crypto) March 15, 2023
Fetch.ai (FET)
Fetch.ai aims to create a decentralized network through AI agents, enabling machines to autonomously communicate and conduct transactions. Utilizing blockchain technology, the platform ensures secure and transparent machine-to-machine interactions, allowing machines to make real-time decisions independently, which is its primary advantage.
2. What is https://t.co/XoQP1csncf?https://t.co/XoQP1csncf is an open-access decentralized machine learning blockchain-based network which enables the development and growth of the digital economy without human interference. pic.twitter.com/8jvWvzKK1H
— Joey (@eschketit) January 29, 2023
OriginTrail (Trac)
OriginTrail primarily focuses on the supply chain industry, utilizing blockchain technology to simplify, enhance flexibility, reduce costs, speed up processes, and secure the movement of information. Many refer to this project as the Google of Web3.
#Oracle Integrates its Oracle #Blockchain Cloud Service With the #OriginTrail Platform – Invest In #Blockchain https://t.co/4lW7u2WeSE pic.twitter.com/CDokmtqNft
— Shoresh (Saeed) Valadbaygi (@SaeedBaygi) December 4, 2018
Current global supply chains suffer from a lack of transparency and accountability, a gap OriginTrail aims to fill through its blockchain-enabled technologies and native $Trac token.
You need to research OriginTrail. I’m confident it will be a top 10 player.
With a first-mover advantage, they are paving a unique path with innovative services and use cases. https://t.co/65EtXNaYD6
— American Psycho 2.0 (@Matt13346642) October 29, 2021
The project has established partnerships with educational institutions, government agencies, regulatory bodies, and both traditional and Web3 companies. OriginTrail enables participants in complex supply chains to contribute data to products and components throughout the chain. The primary goal is for consumers, distributors, and manufacturers to benefit from a verifiable ledger of real-world data stored on the blockchain.
Moreover, OriginTrail enhances the global supply chain by eliminating unnecessary barriers and enabling trustless information exchanges. It also establishes provenance across various industries, products, and goods by tracing origins and preventing counterfeiting.
A Table Comparing the Tokens
|
Features |
OriginTrail |
Fetch.ai |
SingularityNet |
|
Chain |
Ethereum |
Ethereum |
Cardano/Ethereum |
|
Native token |
$TRAC |
$FET |
$AGIX |
|
Market sector |
Supply chain |
Internet of things/Machine Learning. |
Media and information services (B2B). |
|
Competitive edge |
OriginTrail functions like a blockchain search engine focused on privacy and decentralization, unlike Google.
Major corporations, including Home Depot, Walmart, and the US Department of Homeland Security, utilize OriginTrail’s DKG for factory audit verification. |
Fetch employs blockchain and multi-agent systems to establish a virtual economy where agents transact without intermediaries.
Fetch’s virtual economy could disrupt conventional intermediaries, transforming how goods and services are traded. |
SingularityNet uses blockchain and AI to link AI algorithm data with developers, businesses, and users while providing a monetization platform for developers.
It also holds the potential to form a self-sustaining AI ecosystem. |
|
Year of launch |
2018 |
2017 |
2017 |
|
Target customers |
Targeting companies within the supply chain that prioritize privacy and transparency, spanning both Web2 and Web3 entities. |
Aiming at companies and users interested in AI-driven products requiring minimal human oversight, such as smart home solutions. |
Developers looking to monetize their service |
Conclusion
All these projects show profitability potential. We have highlighted a few to illustrate the promise of AI tokens. We urge you to conduct your own research. However, recent interest has particularly surged around OriginTrail.
Deposits are now live for @Origin_Trail's $TRAC on #BinanceUS! #OriginTrail facilitates the creation of dApps that incorporate search analytics, AI, and machine learning functionalities across any data sources, including blockchains, decentralized storage, enterprise systems, and web services.
— Binance.US 
(@BinanceUS) March 7, 2023
The Trac token is listed on several exchanges, including Binance.US for our readers in the U.S. Plus, are you aware that you can earn $500 in bonuses from trading on Binance US? Click this link.
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The insights provided by Altcoin Buzz should not be interpreted as financial advice. This material is intended solely for educational, entertainment, and informational purposes. The strategies shared reflect the risk tolerances accepted by the authors and reviewers, which may differ from yours. We cannot be held liable for any losses incurred as a result of investments directly or indirectly related to the information presented. Investing in Bitcoin and other cryptocurrencies entails high risk, so conducting due diligence is crucial. This article is sponsored by Fetch AI. © Altcoin Buzz Pte Ltd.
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