BlocksInform
Trends show artificial intelligence (AI) to be an important topic in 2023 as the data show renewed interest. Since interest has peaked and Microsoft has invested billions of dollars in chatgpt, demand for cryptocurrency projects focused on artificial intelligence has increased dramatically. Such as the crypto fetch project.ai has seen its native token FET rise 212% in the past 30 days, and another AI project, Singularitynet, has seen it’s token AGIX increase 293% against the U.S. dollar.
There has been renewed interest in cryptocurrency projects with an emphasis on artificial intelligence.
During the week of Jan. 22-28, 2023, the worldwide Google Trends score for the term “AI” was 94 out of 100. In the first week of December. 2022, the search term reached Google's highest trend score of 100. We can safely say that the world has become more and more focused on artificial intelligence (ai) since the release of art platforms infused with artificial intelligence as a flagship, deep ai, jasper art, starry ai, nightcafe, and others. In the last couple of months, the openai chatgpt or gpt-3 platform has become a popular phenomenon.
Google Trends shows the worldwide score for the search term “Chatgpt” was 100 during the week of Jan. 22-28, 2023, and going up from the first week of December 2022. Reports also show that Microsoft has entered the third phase of its long-term partnership with through a “multi-year, multi-billion dollar investment,” to be as much as $10 billion in funding. The increasing trend of artificial intelligence (ai) and the demand for technology has expanded to include blockchain projects in their protocols.
For instance, a crypto asset created by the project singularitynet.io has seen its native token AGIX rise 293% in the past month. Although singularitynet (AGIX) was down more than 6% on Jan. 29, 2023, it has increased 17.5% over the past two weeks. The aim is to support the next generation of decentralised ai. Another blockchain-powered AI project, Vectorspace AI (vspb.science), has a token called VXV that has risen 95.9% over the past month. There has been a similar request for the project in the last four weeks.
Over the past 30 days, the Fetch.ai project’s FET token has risen 212% against the U.S. dollar. The Fetch.ai team claims that the project is creating a "stand-alone agent technology" for peer-to-peer applications with automation and artificial intelligence capabilities, with or without direct access to the blockchain." Another AI-based blockchain project, Ocean Protocol, and its OCEAN token have risen 130% against the U.S. dollar in the past 30 days. Ocean Protocol, named a technology pioneer by the World Economic Forum, aims to unlock data at scale through encrypted data monetization.
It is not known how long the demand for AI-based crypto assets will last and how popular these chips will be. All of the AI-related crypto assets are currently ranked below the top 75 in terms of market capitalization and have recently seen price surges due to increased interest in AI/Chatgpt.
In your view, what explains the high demand for cryptocurrency projects focused on artificial intelligence? Use the feedback below to share your thoughts.
