Estimated to grow at a CAGR of around 37% over the next six years, the global artificial intelligence (AI) market is replete with opportunities that industries are rushing to tap into.
One of the key sectors where AI has found widespread application is cryptocurrency. If users scan the latest list of top crypto coins, they can easily spot multiple AI-focused tokens that are posting regular growth. However, some platforms have come up with important updates that might help them outperform other coins.
The combination of AI with Web 3.0 offers benefits like enhanced flexibility and scalability for cryptocurrencies — a key reason why innovators are experimenting with the two technologies.
As the crypto sector benefits from the explosive growth of AI, users are also eager to invest and benefit from the potential of AI-led coins. Apart from diversifying a portfolio, these tokens enable crypto users to enjoy an edge over other asset owners and gain from technological advancements.
If you are interested in knowing more about the potential of AI-based altcoins, here’s a brief description of five of the top AI altcoins.
1.InQubeta: Crowdfunding made easier for AI startups
A leading crypto project, InQubeta is one of the recommended presales of this year. Powered by the Ethereum blockchain, the platform enables crypto users to invest in AI projects created by startups in exchange for a stake in the enterprise.
Whether it’s investments or tax payments, the only mode of payment within the InQubeta ecosystem is its native cryptocurrency known as the QUBE token.
The total number of tokens minted by the team is 1.5 billion. Out of the total supply, 65% is meant for public sale, and the remaining is to meet expenses like marketing, developer fees, legal payments, and funding staking rewards.
The availability of the QUBE token in the market will vary with the market conditions. Whenever inflation or volatility is on the rise, the availability of the token is reduced to make it difficult to acquire. The supply gap will push the asset value by controlling price fluctuations. If the supply increases, it’s reduced again by burning the unwanted tokens.
Another occasion when the token burn mechanism is activated is when internal inflation is high. The team burns 1% of tax proceeds from every transaction and limits the number of QUBE tokens entering circulation.
The ERC-20 token has hit the headlines with its presale success. So far, its cryptocurrency ICO has raised over $12.8 million. Early buyers of presale can potentially receive huge profits in the long term.
The platform has developed a screening process for startups interested in submitting investment proposals. Once a startup clears the review, its proposal is tokenized into NFTs. These NFTs represent AI projects and are sold at an exclusive portal.
Crypto users can compare these projects or choose to invest in different ones through fractional investment at the NFT marketplace.
Though they might have solved the problem of funding, startups still have a long way to go before their project hits the market. To make the journey easier, InQubeta helps startups get guidance from industry leaders with its business development services.
The InQubeta network comprises professionals with vast experience who could mentor startups and help them understand the nitty gritty of the AI sector. The community can also be instrumental in making startups’ marketing campaigns more impactful and spreading awareness about the brand.
For making decisions about the platform, InQubeta leverages the decentralized autonomous organizations (DAO) model where token holders play a crucial role in approving proposed changes or protocol upgrades.
Every pitched suggestion is put to a vote where only token holders can participate. If the proposals get the majority vote, they are implemented.
By involving stakeholders in decision-making, InQubeta ensures that every proposal is thoroughly reviewed before being implemented.
The QUBE token is also being appreciated in the crypto community because it makes it easier for people to earn passive income. As InQubeta has a staking mechanism, these tokens can be staked to support the blockchain’s growth. For as long as the tokens are staked, their owners will be earning crypto rewards.
The team’s plans include rolling out a staking dApp. Given how token owners can earn with staking without having to sell the asset, staking is a beginner-friendly crypto activity. An exclusive dApp would enable more crypto users to leverage the service.
To take the platform to greater heights, the InQubeta team has designed a roadmap for its development. The plan comprises new partnerships, launches, and features that would benefit crypto users and help the network expand its accessibility.
There are also plans to get the token integrated with a centralized exchange.
2. Fetch.ai’s YouTube channel hits new milestone
Fetch.ai is a good crypto to buy for anyone looking to build AI-led services. The platform’s native token FET is used as a medium to exchange for these services. The open-source platform is helping create AI-centric economies where developers can transform legacy systems without needing to change APIs.
Fetch.ai has been drawing creators and developers with its AI agents. These are modular blocks that can be integrated into platforms and programmed to execute custom tasks. These AI agents can be combined with other agents to pave the way for bespoke business models and use cases.
These agents can negotiate on behalf of the creators and help in scaling business models seamlessly.
If people are unsure of how to start using these AI agents, they can refer to the resources and documentation available on the Fetch.ai website for guidance.
In a recent development, Fetch.ai announced that its official YouTube channel has clocked 10,000 subscribers. The development is a reflection of how more people are exploring the opportunities offered by the platform.
3. SingularityNET to be listed on BitVenus
SingularityNET is a cutting-edge platform that allows fuss-free deployment and monetization of AI services. The top altcoin has a robust code architecture that allows creators to scale their services according to their business needs. For settling all payments, SingularityNET patrons use its native token AGIX. The AGIX token can be staked and transferred to other blockchains through a bridge.
The platform has been created to promote Artificial General Intelligence (AGI) and ensure fair distribution of the technology.
SingularityNET’s AI marketplace and publisher has a host of AI algorithms that are supplied by service providers. AGIX users can integrate these algorithms in different applications for creating, managing, and scaling AI solutions.
The platform has also been drawing a lot of developers with its AI Domain Specific Language (DSL), which is a self-organizing network of AI agents. These agents ensure seamless collaboration by outsourcing work. The tasks that these agents can handle include the transfer of input/output data and negotiating payments, among others.
SingularityNET has also forged partnerships with leading decentralized networks like Cardano to ramp up its reach. In January, the Cardano community approved a proposal to set aside ADA tokens worth $500,000 for the development of AI-based crypto projects like SingularityNET.
The platform added another achievement to its name after leading crypto exchange BitVenus announced that it would be listing the AGIX token on its network from February 27 onwards. The exchange would also be offering new trading pairs with the SingularityNet token.
4. Stability.AI co-founder joins the Render Network advisory board
The Render Network is a popular platform that connects artists and studios looking for rendering services with unused GPU units in a crypto-based setup. The platform facilitates cost-effective rendering services 24/7 and allows transparent deals through its native token known as RNDR.
Considered one of the altcoins to watch out for, the Render Network ensures that the commissioning artist or studio gets high-quality rendering services by storing payments in escrow and releasing them only after the task is delivered.
The deals are validated using the proof-of-render protocol.
In a recent development, the platform announced that Stability.AI co-founder Emad Mostaque has joined its board as an advisor. According to reports, Mostaque would be helping the board in identifying new opportunities by immersing Gen AI models into 3D frameworks.
5. Ocean Protocol, Fetch.ai, and SingularityNET announce token merger
Ocean Protocol is an emerging crypto that has been marking waves with its new-age features. Its native token OCEAN comes in handy while dealing with various transactional use cases.
The platform allows crypto users to operate AI-driven trading and prediction bots on price feeds and earn rewards.
There are multiple opportunities available on the platform to earn passive rewards. Developers can earn OCEAN rewards by curating data. They also get to participate in AI and data science competitions to design new-age models and win prizes.
The platform took the market by storm after announcing its $7.5-billion collaboration with SingularityNET and Fetch.ai. The token merger will unlock new perks for the AI community and help pave the way for new avenues.
The proposal will be put to a vote before the communities of three platforms and the voting will conclude on April 16. If approved, the FET, AGIX, and OCEAN tokens will be merged to create a brand new Artificial Superintelligence Alliance or ASI token. The combined market cap of the three tokens currently stands at around $5.3 billion.
Conclusion
For crypto users interested in updating their portfolios according to corresponding changes in current technology, InQubeta, Fetch.ai, SingularityNET, the Render Network, and Ocean Protocol are some of the best altcoins to consider.
These five tokens have unleashed the power of AI and have enabled the average crypto user to leverage it for their financial independence.
While Ocean Protocol, Fetch.ai, and SingularityNET are offering people ways to monetize AI-based solutions and services, the Render Network is making GPU-based rendering services more economical and accessible.
In InQubeta’s case, the crypto community is excited to discover a project that promotes AI innovation through NFTs. The simplicity of the model is its biggest USP and leads people from varying backgrounds to gain from an AI revolution.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.