In this guide, we outline the 5 best Artificial Intelligence (AI) related crypto assets to invest in. AI cryptocurrencies combine the power of artificial intelligence with the governance structure of a decentralized autonomous organization (DAO), enabling transparent community voting to adjust or improve the underlying technology or architecture of the project.
For investors looking for a short overview, the following are the top 5 AI cryptos:
- Fetch.ai (FET) - Best AI Powering Internet of Things (IOT)
- Vechain (VET) - Promising AI Solution for Supply Chain Management
- SingularityNET (AGIX) - Best Marketplace for AI Solutions & Services
- DeepBrain Chain (DBC) - Promising Marketplace to Monetize AI & Bots
- Ocean Protocol (OCEAN) - Best Big Data Protocol that Powers AI
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1. Fetch.ai (FET)
Fetch.ai is a decentralized, open-source blockchain platform that aims to create a digital infrastructure for autonomous economic agents to operate on. It leverages artificial intelligence (AI) and machine learning to create a virtual shared economy where these agents can transact with each other in a secure and efficient manner.
The FET token is considered a promising AI crypto project because of its focus on building an ecosystem for AI-driven autonomous agents to interact with each other and provide various services, such as data sharing, resource allocation, and prediction markets. The platform also utilizes cutting-edge technologies such as multi-agent systems and swarm intelligence, which have the potential to revolutionize various industries such as finance, energy, transportation, and more.
2. Vechain (VET)
VeChain is a blockchain platform that focuses on providing supply chain management solutions. The platform uses blockchain technology with the help of AI to enable the tracking and verification of various types of products and information, from food and pharmaceuticals to luxury goods and industrial products.
The platform provides a suite of solutions for businesses, including smart contract execution, asset tracking, data storage and other business processes. The native VET token powers transactions on the network, providing access to various services and rewards users for their contributions. In addition to these services, Vechain’s AI-driven solutions enable businesses to gain insights into supply chain processes, allowing them to make informed decisions and improve efficiency.
3. SingularityNET (AGIX)
SingularityNET is an open-source, decentralized platform for artificial intelligence (AI) services. The platform allows developers to create, share, and monetize AI services, including machine learning algorithms, data sets, and AI models.
SingularityNET was founded by a team of researchers and entrepreneurs, including Ben Goertzel, who is also the CEO of AI research firm OpenCog. The company's goal is to create an open, decentralized AI network that allows anyone to contribute and access AI services.
4. DeepBrain Chain (DBC)
DeepBrain Chain is a decentralized artificial intelligence (AI) computing network the leverages blockchain technology to enable secure, private, and low-cost AI training and inference. The DeepBrain aims to provide a decentralized marketplace for AI algorithms and data, allowing organizations and individuals to buy and sell AI services without intermediaries.
DeepBrain Chain uses a native cryptocurrency, called DBC Coin, to enable transactions on the platform. The goal of DeepBrain Chain is to create a more efficient and cost-effective AI ecosystem, where anyone can access the power of AI to improve their products and services.
5. Ocean Protocol (OCEAN)
Ocean Protocol is a decentralized platform for data sharing and exchange. It is built on blockchain technology and uses smart contracts to enable secure and transparent data transactions. The goal of Ocean Protocol is to create a more open and fair data ecosystem, where individuals and organizations can easily access and share high-quality data for use in machine learning and other AI applications.
By using Ocean Protocol, organizations can share their data while maintaining control over who has access to it and how it is used, and can be compensated for sharing their data. This enables the creation of a more collaborative and efficient AI ecosystem, where data is more easily available for use in building and training AI models.
How to Buy AI Crypto Projects
The best way to buy AI Crypto assets is through a licensed and regulated exchange like Uphold. They offer over 200 cryptocurrencies including top AI Projects like Fetchi.ai, Vechain and Numeraire. Their platform is licensed and regulated in over 120 countries and has daily audits showing proof-of-reserves of customer deposits being held 1:1, making them one of the safest exchanges in the world.
You can get started on their platform in 4 simple steps:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (USD, EUR, GBP, AUD + 30 more).
- Deposit Funds: Connect your Bank Account or Card to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Does AI and Cryptocurrency synergize well?
The intersection of AI and cryptocurrency makes sense for several reasons. First, both AI and cryptocurrency are based on complex technologies that require large amounts of data and computing power to work effectively. By combining the two, it may be possible to create more efficient and powerful AI systems. Second, the decentralized nature of cryptocurrency and blockchain technology aligns well with the goal of creating a more open and fair AI ecosystem.
By using cryptocurrency and blockchain, AI services and data can be exchanged and shared in a secure and transparent manner, without the need for intermediaries. Finally, the use of cryptocurrency as a means of payment and compensation can help to incentivize the development and sharing of AI services and data, enabling the creation of a more robust and dynamic AI ecosystem.
Risks of Investing in AI Cryptocurrencies
Investing in AI-based cryptocurrencies may involve a number of risks, including:
- The technology being relatively new and not yet widely adopted
- A lack of regulation, making it difficult for investors to assess the legitimacy of a particular project
- The possibility of investing in a project based on untested or unproven technology
- Volatility in the value of these assets, which can be subject to market fluctuations
It's important to remember that as with any investment, it's crucial to conduct thorough research and consult with financial professionals before investing in AI-based cryptocurrencies.
In conclusion, the integration of artificial intelligence with blockchain technology has led to the creation of numerous AI crypto projects. These projects aim to provide a more efficient and secure way to harness the power of AI. The top 5 AI crypto projects outlined in this guide are Fetch.ai, Vechain, SingularityNET, DeepBrain Chain, and Ocean Protocol.
Each project has its own unique approach to solving problems in the AI space, whether it's creating an operating system for IoT, improving supply chain management, or enabling secure data sharing. Investors looking to invest in the AI crypto space can consider buying these projects through a licensed and regulated exchange like Uphold.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.