AI has been trending since ChatGPT. And the intriguing solutions that are possible with the combination of artificial intelligence (AI) and blockchain technology have given rise to a new category of cryptocurrencies known as AI crypto. These tokens leverage the power of blockchain to enhance AI potential and make it more accessible. SingularityNET, Avorak AI, and Fetch.ai are on the frontline of this exciting technological development.
What is SingularityNET ?
SingularityNET is an AI crypto project that aims to create a decentralized marketplace for AI services. The project’s goal is to enable developers to create and monetize their AI algorithms. SingularityNET uses blockchain technology to manage the transactions between developers and customers, ensuring that transactions are transparent and secure. One of the key advantages of SingularityNET is its decentralization. The marketplace is not owned or controlled by any single entity, hence it is more resistant to censorship and manipulation. This decentralization also enables greater collaboration and innovation, as developers and users from around the world can contribute to the network.
What is Avorak AI?
Avorak AI is another AI cryptocurrency project that is making waves in the industry. Like SingularityNET, Avorak AI uses blockchain technology to enable secure and transparent transactions, but it takes a slightly different approach to the deployment of AI algorithms. Instead of creating a decentralized platform for developers to build and share algorithms, Avorak AI focuses on building powerful AI algorithms that can be used to provide services to businesses and consumers.
Avorak has a broad range of services that cater to many different industries such as content creation with its plagiarism-detecting APIs and pure language-to-image process that comes with automated video and image editing. Avorak also provides trading bots that work on multiple asset classes and exchanges. Additionally, these bots have the ability to generate a large set of indicators for traders, and alert them of any trend or pattern changes. These are only the tip of the iceberg, Avorak aims to develop an extensive list of AI products that streamline human-led tasks.
Avorak’s unique approach has made its ongoing ICO a popular topic on Twitter. The native coin of the ecosystem, AVRK, is currently at $0.105 in phase 2 of the ICO. This is comparatively less expensive than these other AI cryptocurrencies. And this has caught the attention of crypto watchers such as Cilinix Crypto and Crypto Epoch, who believe the current price is a complete bargain compared to the potential use cases and future price of AVRK.
What is Fetch.ai?
Fetch.ai aims to create a decentralized network that enables machines to communicate and transact with one another autonomously, through the use of AI agents. The project uses blockchain technology to manage transactions between machines and ensure that they are transparent and secure. One of the most significant advantages of Fetch.ai is that it enables machines to make decisions, based on real-time data, without human intervention.
What sets these AI crypto tokens apart from traditional tokens?
One of the key differences between AI crypto tokens and traditional tokens is their use case. Traditional tokens such as Bitcoin and Ethereum are primarily used as a store of value or as a medium of exchange. In contrast, AI crypto tokens are designed to facilitate AI-related activities, such as training AI models, developing AI algorithms, or actually getting AI services.
AI crypto tokens make AI accessible to a broader range of users. Traditional AI technologies can be expensive and might require significant computing resources, making them inaccessible to many individuals and organizations. By leveraging the benefits of blockchain technology, AI crypto tokens reduce the cost and complexity of AI-related transactions, making them more accessible to a broader range of users.
Want to learn more about Avorak AI and its ICO?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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