Another AI update, another pump. ChatGPT-4 Launch has sent AI Tokens Soaring once again. Is AI mimicking meme token phenomena or some real fundamental growth is happening leading to these double digit price surges?
Our research team dug deep into crypto AI landscape and found four AI Altcoins that are worth watching out for their tremendous growth potential. These 4 are a real early buying opportunity.
COIN #1: The Graph (GRT)
Our first token, the Graph is one we believe has huge potential. GRT is also a part of our 50X monthly portfolio. This project has a single goal: to make blockchain data more easily accessible. The Graph is a decentralized, open-source protocol. It uses distributed ledger technology to aggregate data without involving third parties.
What is The Graph (GRT) ?
The Graph is an indexing protocol for decentralized applications that allows developers to efficiently access blockchain data. Developers can build subgraphs that define how to ingest, index, and serve blockchain data in a verifiable way.
— SOFO TECH (@SOFO_TECH) June 16, 2021
So, The Graph represents a global API for organizing, indexing, and querying data. This data is processed and made available using the GraphQL programming language. The Graph indexes and queries data the way Google indexes and queries data from websites. Indexing blockchain data isn’t always an easy task. But the Graph has a unique approach that simplifies it. The Graph uses AI to organize data into smaller ‘subgraphs’ for efficient querying.
Subgraphs are open APIs. They have the details of how data is indexed on the blockchain. The Graph was launched in 2018 by Brandon Ramirez, Yaniv Tal, and Jannis Pohlmann. However, the project’s token was released during its mainnet launch in 2020.
The Graph currently supports data retrieval for 31 Ethereum-based DApps. This includes Uniswap, Decentraland, AAVE, and Balancer.
The Graph Use Cases
Here are some services that can be accessed using the Graph:
- Secured and decentralized data access.
- Seamless curation for AI models, data, machine learning, and AI algorithms.
- Facilitation of AI-powered DApps
🎉 Hey, data enthusiasts, it's time for #Web3 education!📚
🤓 We're thrilled to introduce a new series where we'll dive deep into the exciting world of #Blockchain.🌐
Let's learn about @GraphProtocol billing and how it works!
🧵(1/8) pic.twitter.com/MvdoTz73Nx
— DappLooker (@dapplooker) March 18, 2023
What is the GRT Token?
The GRT token is the Graph’s native token. The Graph uses the ERC-20 token standard since it is based on the Ethereum blockchain. So, GRT has an experienced impressive growth at the start of the year. And I’m going to tell you why in a minute.
Data from IntotheBlock, a crypto research firm, show something impressive. More $GRT tokens are leaving exchanges than those transferred from wallets. This is within a 1-week period. This indicates:
- An increase in HODL positions.
- More buying pressure.
So back to our question. Why are people buying GRT? And what does it do? GRT has utility within The Graph’s ecosystem. It is mainly used for the payment of fees. The Graph charges a fee for queries.
Still using subgraphs on the hosted service? 🤔
Learn how to migrate your Ethereum subgraph to The Graph's decentralized network: https://t.co/aSkSpuLYjI
Migration grants are opens—apply while they’re still available:https://t.co/1hcj5aib3v
— The Graph (@graphprotocol) March 17, 2023
GRT’s increased sales aren’t all down to its utility. The Graph collects an increased amount of data. It also makes these data available to users. So, there’s been more demand for the platform’s services.
The use of GRT is likely to grow as The Graph continues to broaden its networks and collaborate with more DApps. Decentralized platforms are also becoming more popular. This is because they offer greater transparency than centralized services.
COIN #2: Oasis Network (ROSE)
Oasis is a layer 1 blockchain that places a high value on scalability and privacy. This blockchain enables developers to create privacy-focused applications. It separates the execution of smart contracts from the consensus mechanism process. It also offers a safe design with high throughput at a low cost.
Let’s take another dive into @OasisProtocol.
🔘What is #OasisNetwork and why was it built?
Oasis is a privacy-enabled, scalable #blockchain built for decentralized finance and a responsible, user-owned data economy.
Thread👇🏾
— Crypto Blog (@Cryptoblog001) December 26, 2022
Oasis Labs, is behind the Oasis Network. The Oasis Labs was founded by professor Dawn Song. The Oasis Network aims to offer infrastructure for scaling apps. This way, it powers a variety of Web 3 applications. Oasis Network builds DeFi apps and cross-chain interoperability.
Users can move apps like Uniswap from Ethereum to the Oasis blockchain. This is thanks to the network’s backward compatibility with the Ethereum blockchain.
Oasis and Privacy
The Oasis Network heavily focuses on privacy. As we know, privacy is a big deal. Oasis addresses the privacy issues posed by AI. Privacy isn’t one of AI’s best features. But Oasis leverages the resources of its partners and its infrastructure. And provides privacy-based solutions.
In a nutshell, Oasis is focused on offering Web3 a privacy layer. It also enhances the confidentiality of existing dApps on any EVM network.
We've made adding privacy to existing dApps on any EVM chain seamless for devs ✨and✨ end-users
Join us in an overview of how we're scaling privacy in web3 with the Oasis Privacy Layer
Featuring a use-case demo for DAOs and an integration tutorial 👇https://t.co/zxRsuQgGgo
— Oasis Network (@OasisProtocol) March 14, 2023
Why Oasis could Trend
We all know there’s a lot of hype around AI right now. But AI could be risky if it violates users’ privacy. And provide false information. That’s what Oasis intends to fix. So, Oasis plans to solve the possible privacy challenges of AI. This way, AI becomes more ethical and safe.
The bet on Oasis is that lots of developers are going to use this platform for its privacy features. The bigger the crowd, the more value $ROSE gets. ROSE is the native token of the Oasis network. It is used for transactions, staking, and delegation. As of this video, ROSE trades at $0.062220.
COIN #3: Render Token (RNDR)
The future no doubt requires improved rendering features. The process is difficult and necessitates better resolution. So, Jules Urbac found a way to address this issue. He developed the Render Network to democratize GPU cloud rendering globally.
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
The Render Network creates massive opportunities within Web3. It links users searching for render jobs with individuals who have free GPUs to handle them. So, users will receive the RNDR token in return for their contribution. the native utility token of the network as payment.
Render is powering the next generation of digital products in the metaverse. The project has changed the procedures for rendering and streaming 3D environments. Render’s peer-to-peer (P2P) network is one of a kind. It enables individuals and organizations to cheaply and effectively use underutilized computational power.
Also, Render addresses three major concerns for its end users:
- IP protection
- Optionality
- Scalability
It`s a novel approach to the blockchain technology! Love what this project is building!
The Render Network gives GPU owners an opportunity to monetize otherwise idle GPUs by offering their compute power to creators in search of rendering resources. pic.twitter.com/TRWnCZeLmg
— 𝐂𝐑𝐘𝐏𝐓𝐎 𝐀𝐋𝐔𝐂𝐀𝐑𝐃 🆃🅷🆁🅴🅰🅳🅾🆁 (@SebastianWols17) January 15, 2023
All transactions on the Render Network are made using RNDR. Render’s native token is an ERC-20 utility token. Creators can use it to pay node operators for on-demand GPU computing. It has a total supply of 531,016,083 tokens. According to CoinGecko, RNDR has risen by over 200% over the course of this year. The token now trades at $1.43, up from just 40 cents on January 1st.
The recent increase came after voting within the Render Network voted. The community voted to adopt a new burnt-and-mint equilibrium (BME) model. This model caps net emissions. The new model would allow artists to burn the necessary amount of RNDR. They’ll receive non-fungible work credits in return. These are distributed to node operators.
Render plans to make RNDR a commodity and a deflationary asset with the BME model. So, investors are already jumping on the RNDR bandwagon in a bullish manner.
Let’s Look at Other Factors Causing Growth on Render.
Last year, the Apple App Store listed OctaneRender. OctaneRender is the app that allows GPU holders to take part in the Render Network. Also, Revoult, a payments company, added the RNDR token to its platform. So, Render already has lots of visibility, which will affect its value.
The Render Network is integrated with the newest Apple iPads through the Octane Render App.
Google and Microsoft provide $RNDR with nodes, and HBO & other movie studios use the Render Network for faster & cheaper 3D computing.
— Bariscrypto (@Bariscrypto_) February 22, 2023
Render also has a couple of impressive partnerships. Top movie studios have all embraced this project. Also, Microsoft and Google are on board. Now let’s talk about our final project.
COIN #4: Ocean Protocol (OCEAN)
Our final project recognizes the value of data. Ocean Protocol, a new AI crypto project, plans to make data accessible to everyone. This way, it lessens the monopolistic grip of companies in the data and AI fields. The Ocean Protocol enables transactions using ERC-20 smart contract tokens.
⚡️ #Data and #AI are TRILLION dollar industries. Both of which are going to keep on growing
The people who take advantage of this will make life changing money @oceanprotocol is at the center of both and here is what you NEED to know:
— Crypto Rand (@crypto_rand) March 14, 2023
So, Ocean Protocol also offers data governance and encourages network expansion. The platform ensures that every step is a step toward decentralization. The OCEAN token plays a huge role in the protocol. It allows users to stake claims on data for curation, buy, and sell data.
In summary, the Ocean Protocol allows users to access:
- A data exchange protocol with ready AI models.
- A data access platform that supports NLP, predictive analytics, and image recognition.
- an AI development protocol keen on blockchain-focused decentralization.
I’ve done the work for you.
Curious about the potential impact of AI on society and the role of blockchain technology? Look no further than @oceanprotocol .
In this thread, we will explore what @oceanprotocol is and how it is unlocking the full potential of data for AI👇🏼🧵 pic.twitter.com/yZCTuOBVue
— The Scope De-Fi (@ScopeDefi) March 8, 2023
So, that’s it. Which of these projects caught your attention? Tell us in the comments below.
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