AI cryptocurrencies

AI cryptocurrencies - are they worth it?

AI and Big Data are a big thing in 2024, and for anyone, who wants to invest in future technologies, AI related cryptocurrencies will most likely become very big in the the near future. That's what we believe anyway.

The reason for that is simple, both AI and blockchain technologies are some of the most talked about tech right now.

Creating projects where both of these technologies are combined with each other can result in enhanced security, increased transparency, scalability, increased speed.

Among other benefits.

What is AI (and big data)?

AI and big data is all about massive datasets, machine learning, and the future of technology. Big data analytics analyze huge datasets and try to identify patterns with the purpose of developing actionable products.

Why are we talking about both - AI and big data? That's because they are in big part interconnected.

Big data provides the vast amount of information that can then be used to develop high-end artificial intelligence systems. Without big data AI systems don't have anywhere to learn from.

With the support from big data, artificial intelligence makes it possible for systems, machines, to learn from from experience and perform tasks.

There are a number of different AI examples. From AI chatbots (i.e. ChatGPT, AI chatbot system released by OpenAI), intelligent web search, machine translations, smart homes and much more. Even cybersecurity.

How does AI help cybersecurity?

AI can help companies detect threats to their systems. Compared to traditional cybersecurity systems, AI-based cybersecurity systems do not just block known threats, but also yet unknown threats that it is able to recognize thanks to its ability to learn patterns.

What is AI cryptocurrency?

AI and Big Data cryptocurrencies are crypto tokens that combine artificial intelligence with blockchain technology. AI-related cryptos are all about massive amounts of data, machine learning and everything in between.

AI and Blockchain

Connecting artificial intelligence with blockchain enables entrepreneurs to create new financial models, venture capitalists to increase chance of success and lower their risks.

Some say that the convergence of blockchain and AI is inevitable simply because both of them deal with similar things - one being data and the other being value.

While blockchain helps with secure storage and data, AI can analyse that data and create value where there was none before. And of course, the combination of the tow also offers greater flexibility.

There is more data available today than ever before and artificial intelligence systems can capitalize on that and help us automate tasks, make better business decisions, and sometimes even predict the future.

Combining AI and cryptocurrencies can lead to automated decision making, automated trading, and result in more transparency, more security, more reliability.

According to IBM, "Using blockchain to store and distribute AI models provides an audit trail, and pairing blockchain and AI can enhance data security."

What are the main benefits of combining AI and blockchain?

• Security - combining the the two results in increased security. "By using blockchain’s secure, distributed ledger and AI’s data-driven insights, businesses can protect their data from cyberattacks." (source). And the importance of this can not be overstated.
• Efficiency - Combining blockchain and AI does not just help reduce costs (although it can do that as well), but it can help automate tasks that otherwise might have had to be done manually.
• Transparency - Combining artificial intelligence and blockchain can also lead to increased transparency.
• Flexibility - The combination of the two can help systems and businesses become more adaptable to change.
• Scalability - Blockchain has not always been the best known for its scalability. But AI can help with that by speeding up transactions through its virtual brain and removing the need of human verification from the formula.

Top AI cryptocurrencies/Top AI blockchain projects

So which might be the top AI cryptocurrencies or AI blockchain projects?

I'll mention just a few of them for now. Top AI crypto projects include names like Aion, Dock, PARSIQ, Bottos, Davinci Coin, Vectorspace AI, Numeraire, iExec RLC. But there are more.

I have put together a the list of all top AI blockchain projects here.

On that page you'll find the most promising AI crypto tokens you can buy.

Best AI cryptocurrencies

Here's a list of the best AI cryptos in my opinion, at least right now in 2024. I have most of them in my crypto portfolio.

SingularityNET - The best AI cryptocurrency 2024

At this point my favorite AI cryptocurrency is SingularityNET (AGIX). I have invested in it myself and I do have faith in it. Whether it is justified or not, only time will tell, but right now my biggest holding in any crypto AI coin is in this one.

SingularityNET is a decentralized platform for AI related services. It's an open source platform that makes it possible to create, share as well as monetize AI services, whatever they may be.

In addition to specialized teams working on specific areas like biomedical AI, robotics, or finance, the project's team is made up of entrepreneurs, scientists, engineers, researchers, and marketers.

The CEO and Chief Scientist of SingularityNET is Dr. Ben Goertzel and co-founder is Dr. David Hanson.

When it comes to SingularityNET, then based on a quick research, I'm definitely not the only one who thinks it is potentially the best artificial intelligence cryptocurrency right now.

Fetch.ai - my second favorite AI crypto

Fetch.ai (FET) is the second one in the list of my favorite AI cryptocurrencies.

Fetch.ai is a P2P AI-driven protocol. And it's a operating system for the "internet of things".

Fetch.ai can be used to create AI platforms and services at any time and anywhere.

This is currently one of the most promising AI crypto projects.

Ocean Protocol - my third AI crypto investment

Ocean Protocol (OCEAN) enables the creation of collaborative and efficient AI ecosystems that make it easy to build and train AI models.

The team behind Ocean Protocol has deep past experience in artificial intelligence, big data as well as data exchanges.