The recent major breakthroughs in the field of AI can be said to have inspired the world, including the crypto world.
SORA, the stunning video generation model of OPEN AI, has been released. The news of the conference of chip giant NVIDIA, which supports AI language model training, has given investors more confidence.
Previously, WLD tokens exceeded 200% in a single week last week. Now, in the AI sector, both long-standing projects and meme tokens that echo recent hot events have performed beyond imagination. We can take a quick look at the recent AI craze.
The Big Events in the AI Field and the Response of the Crypto World
The agenda of the NVIDIA GTC24 conference has been announced, which may be the direct reason for the rise of the AI sector in the past two days. GTC 2024 is NVIDIA’s largest conference globally, with over 300,000 attendees expected to register on-site. It is expected to hold more than 900 conferences and attract more than 300 exhibitors, focusing on the deployment of NVIDIA technology and how to promote breakthroughs in fields such as aerospace, agriculture, financial services, and healthcare, Relevant case studies will also be released.
Multiple AI projects announcing their participation in the GTC24 conference have led the sector to rise, among which the NEAR Protocol is the most eye-catching. Co-founder Illia Polosukhin will attend the NVIDIA GTC24 conference and give lectures and group discussions with Huang Renxun and others.
Source: Nvidia Official
They will be involved in an important research object, Transformer neural network architecture, which has become the main architecture of large-scale language models. From investors to ordinary AI product users, they believe that this discussion will open an important chapter for the next innovation in related industries such as AI and chip manufacturing.
According to CoinGecko data, the AI sector has risen as high as 23.1% in the past 24 hours. The current total market value is $24,500,437,037.
Leading High Market AI Concept Tokens
The tokens with the highest total market cap in the artificial intelligence sector include the following:
Bittensor (TAO) – The circulating market value is around 4 billion US dollars, with a 7-day increase of 4.4%. The native token is TAO, and Bittensor is a decentralized process that creates a machine intelligence peer-to-peer market to support decentralized machine learning. It proposes a new AI market model that utilizes a P2P computer network, uses a digital decentralized ledger to record rankings, and incentivizes participants in a decentralized manner, including AI research and development and users.
SingularityNET (AGIX) – with a circulating market value of around 1.4 billion US dollars, a 7-day increase of 39.1%; It is a decentralized platform for AI.
It aims to build blockchain-based infrastructure to achieve real-time and flexible interaction of various AI algorithms from image recognition to natural language processing, incentivizing developers, and providing a series of blockchain AI services for institutions or individuals who do not have the conditions to develop artificial intelligence independently.
Akash Network (AKT) – circulating market value of around 1.3 billion, with a 7-day increase of 22.4%. It has developed an open-source, decentralized cloud computing market that provides speed, efficiency, and economy, aiming to change how users perceive and use cloud services.
RENDER (RNDR) – The circulating market value is around 3.7 billion, with a 7-day increase of 27.6%; RENDER is the first decentralized GPU rendering platform that enables artists to extend GPU rendering work to high-performance GPU nodes worldwide on demand.
Through the blockchain market of idle GPU computing, this network allows artists to expand their next-generation rendering work, with a cost only a fraction of that of centralized GPU clouds but with a speed increase of several orders of magnitude.
Fetch.ai (FET) – circulating market value of around 2.7 billion, with a 7-day increase of 60.6%. It is an open platform for the new artificial intelligence economy aimed at creating artificial intelligence platforms and services, allowing anyone to build and deploy AI services on a large scale anytime, anywhere.
CorgiAI (CORGIAI) – circulating market value of approximately 1.14 billion, with a 7-day increase of 31.5%; CorgiAI is positioned as a “social club,” attempting to build a community tool that leverages the infinite potential of artificial intelligence to change the way users play and socialize in cryptocurrencies$ CORGIAI is a core token used in the CorgiAI ecosystem, equipped with a fixed value function, and will be used as a purchasing token for upcoming CorgiAI related programs.
Ocean Protocol (OCEAN) – circulating market value of approximately 690 million, with a 7-day increase of 22.2%; A privacy protection and data sharing protocol for artificial intelligence and the new data economy. Its goal is to release data, reject the monopoly of centralized organizations on artificial intelligence and data, and utilize the thoughtful application of technology to bring more fair results to data users.
Source: COINGECKO
How Can AI+WEB3 Empower Each Other?
As a productivity tool, AI can significantly improve the development speed of Web3 applications and efficiently utilize resources for experience optimization, helping users learn, assisting community education and management, and helping more users enter Web3.
Due to high efficiency, AI can also correspondingly reduce the difficulty of developing dApps, allowing the project to create more competitiveness in other aspects. It is in this direction that generative AI can bring new narratives to Web3, such as integrating character AI into gameFi and socialFi projects to further develop new gameplay.
The functions of AI can also be combined with modules such as off-chain data computing and decentralized storage, which can greatly liberate network capacity and alleviate the network performance and stability issues often criticized by Web3.
Meanwhile, the decentralization mechanism of Web3 can address the risks and issues of current AI from the bottom level, such as privacy protection and data abuse. The mechanism of Web3 can deploy, train, and use AI in a decentralized manner, ensuring that user data privacy is well protected, and users can also choose to receive rewards by sharing data.
The distributed nature of blockchain can also be used to record and monitor the behavior of AI, thereby improving the security of AI, promoting its use in various scenarios, and making it easy to monitor and solve ethical issues.
Nowadays, AI tools mostly rely on centralization and big data for training, with enough content and feedback to shape a usable model, while web3 is decentralized, so they also have conflicts. However, their complementarity empowers many fields once the underlying integration is broken through.
Conclusion
The bull market is changing rapidly, and this time, with the wind of rapid development of AI, the rotation of sectors has entered the field of AI. In theory, WEB3+AI has infinite potential, but in reality, there are still limitations to its implementation. However, with the development of blockchain scalability solutions, AI will also have stronger empowerment.
Gate, as an exchange with over 1700 currencies online, is also very convenient for trading related tokens and networks in the AI sector or interacting with dApps. We will also continue to follow up on major events in the AI field and real-time changes in related cryptocurrencies in Gate Post and Gate Blog.
