Its no new crypto has been one of the best things to invest in since its rise to fame in 2017 and more until 2020. Though it is currently experiencing some setbacks in its market, that doesn’t stop investors and traders from making money. Also, buying in times like this, when it is on a lower level would be a future-wise investment, and we might have the 2016/17 boom all over again. There are many ways to invest in crypto, not just the usual coin-buying investment, but also AI projects and the like.
With the rise in Artificial intelligence technology, it is spreading across every field, and crypto isn’t left out of the equation. Blockchain and artificial intelligence (AI) technology are combined in AI crypto projects. Tokens or coins are frequently issued by AI cryptocurrency initiatives in order to raise money. On cryptocurrency exchanges, these tokens and coins can be purchased and traded. During an initial coin offering (ICO) or after they have been listed on an exchange, investors can buy these tokens or coins. These are the top 8 legit and well-researched crypto projects with valuable and potential market demand in 2023.
Phoenix Crypto Project is a blockchain-based platform that was introduced in 2019 with the goal of offering its customers anonymous, decentralized, and secure transactions.
This Project uses the PhoenixCoin (PHX) token, which is one of its distinctive characteristics. The platform’s native cryptocurrency, PHX, is employed to speed up network transactions. The platform also makes use of dual-chain technology, which consists of a private chain for privacy and a public chain for transparency. By the use of ring signatures, stealth addresses, and secret transactions, the project’s privacy-focused methodology is realized. Also, it provides a variety of goods and services, including a desktop wallet, a mobile wallet, and a decentralized exchange (DEX).
Verasity is a blockchain-based platform that intends to transform the online video market by offering a seamless, decentralized ecosystem for content producers, publishers, and users. The project’s main goals are to address ineffective revenue strategies, a lack of transparency, and a dearth of viewer involvement choices.
The VRA token serves as the platform’s native money, and it is constructed on top of the Ethereum blockchain. The platform uses the VRA token to make transactions easier, including monetizing content, running ads, and rewarding viewers. Also, a proprietary video player is part of the initiative, which is intended to increase revenue for content producers and offer viewers better alternatives for involvement.
By utilizing machine learning and artificial intelligence to make investment decisions, Numerai seeks to establish a decentralized hedge fund. Similar to veracity, it addresses knowledge asymmetry, inefficient data sharing, and lack of openness.
The NMR token is used as its native currency, and it is also constructed on top of the Ethereum blockchain. Data scientists are encouraged to create and enhance machine learning models using the NMR token, and Numerai then uses these models to determine which investments to make. Users can stake their NMR tokens in the project’s staking mechanism to take part in the platform’s governance. Also, it hosts a data science competition where competitors can construct and submit machine learning models to forecast financial markets.
4. Singularity NET
SingularityNET is a decentralized platform that aims to create a global marketplace for artificial intelligence (AI) services. The platform gives users access to a variety of AI services, including machine learning, computer vision, and natural language processing, which they may utilize without having to develop their own AI infrastructure. Also, it makes it easier to build an international network of AI agents that can interact with one another and work together to develop more sophisticated and potent AI applications.
The platform of SingularityNET employs the AGI token as its native currency and is built on top of the Ethereum blockchain. The AGI token is used to facilitate platform transactions, such as the buying and selling of AI services, and to encourage developers to create and enhance
5. Graphlinq Protocol
Graphlinq Protocol offers infrastructure and tools for automating smart contracts and decentralized applications (dApps) across several blockchain networks. The project intends to free up developers from the requirement for considerable blockchain development skills so they can concentrate on creating creative dApps.
The GLQ token is used as the platform’s native currency, and it is constructed on top of the Ethereum and Binance Smart Chain blockchains. Developers can build and automate smart contracts using its intuitive drag-and-drop interface without having to have substantial coding skills. Additionally, it includes a tool that enables smart contracts to access off-chain data sources, like social media, feeds, and real-time market data, increasing the usefulness and adaptability of decentralized apps.
The Robonomics Network establishes a decentralized network of autonomous robots that may function alone and communicate with one another. a setting where autonomous robot interactions enable more effective and smooth operations. In order to make operations more effective and efficient, the project aims to develop an environment where robots can perform services like logistics and transportation without the need for human involvement.
The XRT token is used on the Robonomics Network platform, which is based on the Ethereum blockchain. Robot owners can sell data produced by their robots on an investment marketplace, providing corporations and individuals with access to insightful data.
7. Raven Protocol
Raven Protocol makes use of the blockchain’s potential to build a decentralized environment where individuals may rent out their extra computing resources to train deep learning models. This implies that people and companies can give their processing power to the network and get paid in return.
Raven Protocol’s capacity to dramatically lower deep learning model training costs is one of its main advantages. The platform can increase accessibility for both individuals and organizations by utilizing idle computer power to cut down on the time and resources needed to train sophisticated models.
8. Ocean Protocol
A major focus of Ocean Protocol is artificial intelligence (AI) and machine learning, and the platform is built to assist the creation and implementation of AI models and algorithms. A marketplace for high-quality data sets that may be utilized to train and enhance AI models is provided through the platform for AI developers. Additionally, Ocean Protocol opens up a new revenue stream for AI developers and data suppliers in the Ocean market by enabling the secure sharing and monetization of AI models and algorithms.
The “Ocean Minds” project, which aims to develop a market for AI models and algorithms that can be used to analyze social media data, is one example of an AI project built on Ocean Protocol.