The emergence of artificial intelligence (AI) is regarded as a turning point for the Internet business. The use of AI across different industries is now a trend, and we have ChatGPT to thank for this.
Now, thanks to this trend, AI has slipped into crypto. So, we’ve seen several AI coins launch over the past few months, and that’s because AI has the potential to improve user experience, increase scalability, and bolster blockchain security.
These AI coins serve different purposes. Some of them are used for portfolio management, governance, and decentralized marketplaces. As you would expect, there are already lots of crypto-AI coins. But just because it’s AI doesn’t mean it will succeed.
Some AI crypto projects are flawed and have little or nothing to offer. So, we’ve made a short list of two good AI coins we believe should be in your portfolio. And we’re going to tell you where to get these coins at the end.
1) AGIX (SingularityNET)
SingularityNET is a blockchain-based AI project launched by Dr. Ben Goertzel, a famous cognitive scientist and pioneer in the AI field. The project simply aims to build a decentralized, open-source Artificial General Intelligence (AGI).
😮🐳 A known whale exchange address has added 100M $AGIX worth just over $50M. This is the largest move on the #SingularityNET network since Jan, 2022. Check out our insight that discusses one of the top rising assets of 2023, and what this move can mean. https://t.co/VjTeuFpfor pic.twitter.com/oj660O6eDX
— Santiment (@santimentfeed) March 22, 2023
AGI refers to a learning machine system that has the ability to learn and perform different jobs that would typically be handled by humans. So these machines are essentially a sophisticated type of AI that understands our world as we do. Some of the perfect examples of AGI are ChatGPT and other AI systems that can handle a sizable but limited range of human actions.
SingularityNET is developing an ecosystem of platforms that will offer AI-related services in addition to its goal of laying the groundwork for AGI. The grand idea is to make it simple for developers to create, distribute, and market AI services.
SingularityNET has over 15 AI-based platforms. These platforms span a variety of businesses, including those in finance, robotics, biomedicine, media, the arts, and entertainment. You can use the platform’s native token, AGIX, to access these services. In addition, staking AGIX is a way to get rewards and vote on governance proposals.
What Makes SingularityNET Special?
SingularityNET works like regular marketplaces like Fiver or OpeanSea for NFTs. And marketplaces tend to perform effectively. However, SingularityNET has an edge over competing marketplaces. Here are some of its distinguishing factors:
- Interoperability: SingularityNET is interoperable. This means it can work with other AI platforms, making it easy for developers to integrate the project into their work.
- Community-focused approach: SingularityNET is a community-driven project. And this community involvement is a good development because AI inherently has transparency issues.
- Multiple services: The SingularityNET marketplace currently boasts over 70 AI services, making it one of the biggest decentralized marketplaces. So developers have a chance to monetize their products and services for a wider audience. The more developers use SingularityNET, the more value the project accrues, making it a worthy protocol to observe.
2) RNDR (Render Protocol)
Render Protocol is an innovative project that allows people to contribute underutilized GPU power from their own personal devices. It helps generate visual effects and motion graphics for various applications. They receive Render tokens (RNDR), the platform’s native utility token, in return for their services.
Render Network is a technology that helps film studios and creators speed up and reduce the cost of 3D rendering.
No wonder why Apple has a partnership with them!
In this thread I will explain what $RNDR is and how they revolutionize the computing industry!
>> A thread 🧵👇 << pic.twitter.com/EDsqwCcymR
— Bariscrypto (@Bariscrypto_) February 22, 2023
So, Render’s uniqueness is that it creates massive opportunities in Web3. It links people in need of free GPUs to those searching for render jobs. Prior to this time, the rendering process was tedious. The Render Protocol is driving the next wave of digital services in the metaverse. Render has altered how 3D environments are rendered and streamed.
🔸Project #1: @RenderToken
Render Network = a decentralized rendering provider on the blockchain
In simple terms: They connect users in need of rendering jobs with those who have GPUs
Smart contract + Blockchain + GPU computing = Render Network
Which problem do they solve?🤔 pic.twitter.com/xFRI4ADOCn
— Crypto Hub💡 (@CryptoHub210) May 20, 2023
Render operates a peer-to-peer (P2P) network that makes it possible for people and businesses to affordably access unused computational capacity. Furthermore, Render helps its users solve three major problems:
- IP protection.
The RNDR token powers all transactions between artists and GPU providers, also known as node operators. Artists leverage RNDR tokens to get GPU computing power. Similarly, GPU providers earn RNDR tokens in exchange for their services.
How does Render Network work?
Render Network makes graphics rendering cheaper AND faster by using a decentralized ledger that rewards people who share their computer's graphics processing power.
Users submits a job on RNDR and the GPUs processes the job!
Check it out! 👇 pic.twitter.com/zbHQcQiOKr
— Bariscrypto (@Bariscrypto_) February 22, 2023
Why is RNDR unique?
There’s a growing demand for high-definition user experiences. This has resulted in increased demand for 3D rendering. The Render Network and its native token provide the solution. Render offers a secure and efficient solution to address the increased demand for high-quality 3D rendering.
Most obvious trend for the next weeks: #Metaverse with #Apple introducing its AR/VR headset at #WWDC on June 5. Render Network $RNDR could have a very nice run up 🚀https://t.co/B5mcQF7mYd
— Jan (@heyjan2022) May 21, 2023
Render already has several impressive partnerships with top movie studios and companies like Microsoft and Google. The project offers real-life value and incredible potential.
AGIX and RNDR are available on a few exchanges, including Bybit. Did you know that Bybit is giving out up to $30,000 in bonuses & together with a brand-new iPhone 14? Just click this link to find out more. If you already have a Bybit account (created without an affiliate link) you can still join by clicking this link.
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