Many AI coins have seen a strong increase in price since AI became a hot trend this year. Here are top 10 AI crypto projects that are worth keeping an eye on, according to Forbes.
1, The Graph (GRT)
The Graph is an indexing protocol for querying networks like Ethereum and IPFS. It allows anyone to build and publish open APIs, called Subgraphs. Subgraphs make it easier to access data from blockchain. All data is encrypted, stored and processed on-chain with verifiable integrity. Via API, The Graph makes querying these data fast, reliable and secure.
The Graph’s Ethereum-based native cryptocurrency GRT has surged from $0.05522 at the end of 2022 to $0.2 (262%) in February 2023. The project is backed by famous crypto funds and investment companies such as Parafi Capital, CoinFund, JD Capital, Multicoin, DTC Capital, Compound, Coinbase Venture, Digital Currency Group, etc.
2, SingularityNET (AGIX)
SingularityNET (AGIX) lets anyone – create, share, and monetize AI services at scale. It has an internal marketplace where users can browse and pay for AI services using its native cryptocurrency AGIX. Developers can earn money from AI solutions and models without having to build full apps for end users. Similarly, developers can purchase AI solutions and models to use in their apps.
3, Fetch.ai (FET)
Fetch.ai is also a potential 2023 AI project, according to Forbes. The project aims to build an open, permissionless, decentralized machine learning network with a crypto economy. Its native cryptocurrency – FET is used to pay for transactions on the network.
The total supply of FET is 1,152,997,575 tokens but this number may gradually decrease in the future as the project takes some measures to reduce the supply and increase the value of this token. With Fetch.ai, you can build, deploy, and connect intelligent agents to automate web3 systems and reinvent business models.
4, Ocean Protocol (Ocean)
Ocean Protocol is an AI project built on top of the Ethereum blockchain that allows businesses and individuals to exchange and monetize data and data-driven services. Ocean Protocol is trying to create a data economy that can unlock data generated by artificial intelligence (AI). This allows data sharing to be done in a way that ensures transparency, traceability, and guaranteed trust for all those that are involved in the process.
Simply put, Ocean Protocol aims to enable data owners to regain control over their data and benefit from its value without being tied down to any single marketplace. It also seeks to strengthen the data owners’ ability to control what their data is used for by using a decentralized blockchain to replace centralized servers.
5, iExec RLC (RLC)
iExec RLC is a cloud computing platform that offers blockchain-based participants to extend their computing power and data sets required to keep the blockchain systems fully operational. Exec RLC provides distributed applications running on the blockchain (DApps) a scalable, secure and easy access to the services, data-sets, and computing resources they need. The main purpose of iExec RLC is to organize the global P2P market. This is a place where people can rent computing applications and computing resources according to their needs.