Next-Gen Crypto: Top AI-Driven Tokens

AI-centered cryptocurrencies are digital or virtual currencies that leverage artificial intelligence to enhance various aspects of their technology, development, or usage. The next level of web3 combines AI technology to create a decentralized world that leverages on the advancement of cutting-edge technologies.

Contrary to what most think, web3 is not only related to blockchain technology, but it also encompasses machine learning and AI technology. I spent some time researching the interaction between AI and finance and the potential of combining advanced technologies to solve real-world problems and create value.

Here are a few of the major cryptocurrency projects that focus on AI:

1. Numeraire (NMR)

• Purpose: Numeraire is closely associated with the hedge fund Numerai and serves as a mechanism to incentivize data scientists to develop predictive financial models. Scientists stake NMR tokens on their predictions, fostering a competitive environment aimed at producing superior models.
• AI Aspect: The project leverages AI to construct precise financial models, utilizing encrypted data supplied by Numerai. This approach ensures the development of highly accurate and reliable models, contributing to enhanced financial predictions and strategies.

2. SingularityNET (AGI)

• Purpose: SingularityNET operates as a decentralized marketplace designed for AI services, utilizing AGI tokens as the medium of exchange within its ecosystem. It aims to democratize access to AI technologies and services.
• AI Aspect: It enables the creation, sharing, and monetization of AI services, allowing the integration of multiple AI technologies to address complex problems. This collaborative approach accelerates innovation in AI and offers diverse AI solutions in one platform.

3. Fetch.ai (FET)

• Purpose: Fetch.ai is at the forefront of developing autonomous software agents designed to execute tasks such as data retrieval or trading autonomously, aiming to create a more efficient and automated digital world.
• AI Aspect: By employing AI and machine learning, Fetch.AI optimizes various processes like decision-making and resource allocation within its network, enabling the creation of smarter and more adaptive digital ecosystems.

4. Matrix AI Network (MAN)

• Purpose: Matrix AI Network aspires to enhance the accessibility and user-friendliness of blockchain technology by integrating natural language processing and adaptive deep learning, making blockchain more adaptable and intuitive.
• AI Aspect: Matrix AI Network utilizes AI to bolster its network’s security, efficiency, and adaptability, optimizing blockchain parameters to create a more resilient and versatile blockchain network.

5. Ocean Protocol (OCEAN)

• Purpose: Ocean Protocol is a revolutionary decentralized data exchange protocol concentrating on making data available for AI. It enables individuals to share and monetize information, unlocking new possibilities in data utilization.
• AI Aspect: Ocean Protocol empowers AI practitioners by providing a vast array of data while ensuring user privacy and control, facilitating the development of more advanced and diverse AI applications.

6. Peculium (PCL)

• Purpose: Peculium combines the realms of traditional savings, blockchain technology, cryptocurrency, and AI to create a unique savings platform aimed at revolutionizing investment management and savings.
• AI Aspect: Peculium employs AI to oversee users’ investment portfolios and fine-tune trading strategies, effectively managing risks and enhancing investment outcomes.