Artificial Intelligence and Cryptocurrency: The Rise of AI-Focused Projects in 2023
A worldwide Google Trends score for the term artificial intelligence during the week of January 22–28, 2023 was 94 out of 100. The search term peaked at 100 on Google Trends in the first week of December 2022 and it’s safe to say that Dull-e, Deep AI, Jasper Art, Starry AI, Nightcafe, and many more are on the way to the Artificial Intelligence infected art platform. Since its release, it has become increasingly focused on the world’s highest AI. Over the past two months, the Openai platform Chat Gpt or GPT-3 has certainly become a widely used artificial intelligence phenomenon. Certainly Google Trends shows that during 22nd to 28th January 2023, the search term “Chatgpt” had a worldwide score of 100, and it has been steadily increasing since the first week of December 2022, and the report shows that Microsoft ranked 3rd. has entered as well as been part of an investment of over 10 billion with its partnership with Open AI through a “multi-year, multi-billion dollar investment”. Reading trends in artificial intelligence and growing demand for the technology has spread to blockchain projects that aggregate their protocols.
For example, the crypto asset created by the singularitynet.io project has seen its native token AGIX surge by 293% in the past month. While SingularityNet (AGIX) fell by more than 6% on January 29, 2023, it has gained 17.5% in the last 2 weeks. The project aims to support the next generation of decentralised artificial intelligence and another blockchain-powered AI project, VectorSpace AI (vspb.science) has a token called VXV, which has gained 95.9% in the past month. The Fetch.ai project has experienced similar demand over the past 4 weeks. The project’s FET token is up 212% against the US Dollar over the past 30 days. The Fetch.ai team states that the project builds on the capabilities of automation and artificial intelligence, as well as self-use agent technology for peer-to-peer applications, with or without a direct blockchain project. Another artificial intelligence blockchain project, Ocean Protocol and its OCEAN token rallied 130% against the dollar in the past 30 days and named a technology leader by the World Economic Forum Ocean Protocol aims to unlock data at scale through encrypted data monetization and of course it is uncertain how long the demand and popularity of these tokens will last for artificial intelligence based crypto assets and all assets related to it are currently below the top 75 in terms of market capitalization and recently Recently the increasing interest in AI/Chatgpt has seen an increase in prices.
