Artificial Intelligence (AI) tokens are enjoying a wave of interest that started with the launch of the chatbot ChatGPT, which has become the latest digital phenomenon in the world. Also, The obvious capacity of ChatGPT demonstrates how AI has the ability to change many facets of daily life. So, some believe AI crypto tokens are the next wonder of the market.
The demand for these AI tokens is enormous right now. And that’s hard to come by in a bear market. Projects like The Graph, SingularityNet, Fetch.ai, and OriginTrail ($Trac) are leading the pack.
#AI the next big theme for crypto? The crypto community has jumped on the recent #AI boom, with AI #crypto tokens on the rise and the industry exploring applications of AI content in #Web3
— $mokerKlub (@SmokerKlub) March 11, 2023
These projects leverage AI and blockchain to solve real-life problems. Origintrail, Fetch.ai, and SingularityNet are all at the forefront of the AI trend. Let’s compare them.
SingularityNET (AGIX)
SingularityNET is a blockchain-based platform that uses AI to unlock creativity. It allows users to create, share, and monetize AI services through its dedicated marketplace. It also uses blockchain technology to oversee transactions between developers and customers, ensuring security and transparency.
SingularityNet has several strong sides, but one of its main advantages is its decentralized approach. The platform’s marketplace is more immune to censorship and manipulation because it is not owned or governed by a single entity. This decentralization also promotes better collaboration and creativity.
SingularityNET's work at the intersection of AI and blockchain is some of the most exciting and promising work in tech right now. Can't wait to see what comes next! https://t.co/ytH8WeIKaO
— Johan Lars | (@Zeuz_of_Crypto) March 15, 2023
Fetch.ai (FET)
Through the use of AI agents, Fetch.ai aims to build a decentralized network that permits machines to interact and do business with one another on their own using AI agents. The platform manages machine-to-machine transactions and ensures their security and transparency using blockchain technology. Fetch enables machines to make real-time decisions without human intervention. And that’s its key benefit.
2. What is https://t.co/XoQP1csncf?https://t.co/XoQP1csncf is an open-access decentralized machine learning blockchain-based network whichs enables the development and growth of the digital economy without human interference. pic.twitter.com/8jvWvzKK1H
— Joey (@eschketit) January 29, 2023
OriginTrail (Trac)
The OriginTrail project is primarily targeted at the supply chain sector. Using blockchain technology, it aims to make information movement simpler, more flexible, less expensive, quicker, and more secure. Many believe this project is the Google of Web3.
#Oracle Integrates its Oracle #Blockchain Cloud Service With the #OriginTrail Platform – Invest In #Blockchain https://t.co/4lW7u2WeSE pic.twitter.com/CDokmtqNft
— Shoresh (Saeed) Valadbaygi (@SaeedBaygi) December 4, 2018
Global supply chains currently lack accountability and transparency. And this is what OriginTrail aims to solve using blockchain-enabled technologies and its native $Trac token.
You owe it to yourself to at least dig into OriginTrail and do the research. There is no doubt in my mind OT will be in the top 10.
First mover advantage, no one is doing what OriginTrail is doing. They are blazing their own path with new services and use cases. https://t.co/65EtXNaYD6
— American Psycho 2.0 (@Matt13346642) October 29, 2021
The project has already partnered with educational institutions, government agencies, regulatory bodies, and traditional and Web3 companies. OriginTrail also makes it possible for multiple participants in complex supply chains to add data to items and components at every stage of the chain. The core idea is for consumers, distributors, and manufacturers to profit from an immutable ledger of real-world data kept on the blockchain.
OriginTrail also improves the global supply line by removing pointless barriers and facilitating trustless information exchange. Additionally, it provides provenance for numerous industries, items, and goods by tracing sources and avoiding fakes.
A Table Comparing the Tokens
|
Features |
OriginTrail |
Fetch.ai |
SingularityNet |
|
Chain |
Ethereum |
Ethereum |
Cardano/Ethereum |
|
Native token |
$TRAC |
$FET |
$AGIX |
|
Market sector |
Supply chain |
Internet of things/Machine Learning. |
Media and information services (B2B). |
|
Competitive edge |
OriginTrail is the equivalent of a blockchain search engine. Unlike Google, it focuses on privacy and decentralization.
Top companies, including Home Depot, Walmart, Target, and the US Department of Homeland Security, already use OriginTrail’s DKG for factory audit verification. |
Fetch uses blockchain and multi-agent systems to build a virtual economy where agents trade without middlemen.
Fetch’s virtual economy has the potential to disrupt traditional intermediaries. It can also alter and revolutionize how people trade goods and services. |
SingularityNet leverages blockchain and AI to connect AI algorithm data to developers, businesses, and users. It also allows developers to monetize their services. Developers are bound to take advantage of this offering.
Singularity also has the potential to create a self-sustaining AI ecosystem. |
|
Year of launch |
2018 |
2017 |
2017 |
|
Target customers |
The project targets companies in the supply chain seeking privacy and transparency. This includes both Web2 and Web3 firms. |
The project targets companies and users interested in AI-powered products that require little human intervention, such as smart homes. |
Developers seeking to monetize their service |
Conclusion
Each of these projects is profitable. And we have covered a couple of them to show you the potential of AI tokens. We encourage you to do your own research. However, there’s been a recent interest in OriginTrail.
Deposits are now open for @Origin_Trail's $TRAC on #BinanceUS!#OriginTrail allows for the creation of dApps with search analytics, AI, and machine learning capabilities for any data source, such as blockchains, decentralized storage, enterprise systems, and web services.
— Binance.US 🇺🇸 (@BinanceUS) March 7, 2023
The Trac token is available on a few exchanges, including Binance.US for our American readers. Also, did you know that on Binance US, you can earn $500 in bonuses just from trading? Just click this link.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Fetch AI. Copyright Altcoin Buzz Pte Ltd.
