AI X CRYPTO
The adoption rate of ChatGPT has been remarkable, with 100 million users onboarded by January 2023, a mere two months following its launch. This rapid uptake highlights the significant influence artificial intelligence (AI) has had, and will continue to exert, on society. As AI technology progresses, it necessitates corresponding evolution to balance its potential benefits and inherent risks.
Recognizing the need for such evolution, blockchain technology emerges as a promising tool. Its attributes, including transparency, open-source nature, and global permissionless development, offer potential solutions to mitigate and preempt some of the societal challenges posed by AI and its allied technologies.
Despite being in its nascent stages, the fusion of AI and blockchain has birthed several intriguing ventures. These initiatives span from democratizing access to machine learning training models to the creation of entirely digital "metastars" generating music through generative AI.
Crypto and blockchain is going to be at the forefront of technologies that can address potential AI risks, such as identity verification, centralization, data ownership. It will also enhance the potentiality of the AI with play-to-earn gaming using generative AI (metaverse applications), verifying payments faster, etc.
While this convergence is still embryonic, it has already captured significant investor attention and the overarching synergies between crypto and AI technologies cannot be understated.
In 2023 alone, venture capitalists injected hundreds of millions into crypto applications focusing on AI, privacy, and identity, constituting over 10% of total crypto venture capital funding.
Each crypto cycle has a narrative that pumps into the stratosphere. Bitcoin then Ethereum then alt-L1’s and metaverse plays.
This cycle will likely be AI plays. Don’t miss out on this.
Many of these coins still have very low valuations too.
For this week’s premium portion, I’m highlighting one of my favorite AI crypto plays right now. One that I believe will capture a lot of upside this cycle…