Best AI Crypto Projects (for 2023)

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If you’re interested in the latest advancements in the field of decentralized AI, you might have heard of some of these projects. They all have one thing in common — they’re working towards building a decentralized and more equitable AI ecosystem. But what exactly sets each one apart from the others? Well, let’s dive in and find out!

I will provide a quick overview of a few projects and then explain the similarties and differneces at the end.

$FET

https://www.coingecko.com/en/coins/fetch-ai

Fetch AI is an artificial intelligence-driven platform that leverages blockchain technology to bring intelligence to various industries. Its focus is on providing scalable, secure, and interoperable solutions for decentralized applications that require the integration of AI and blockchain. The following are the best use cases for AI on the Fetch AI platform:

1. Scalable AI solutions: Fetch AI leverages its proprietary consensus mechanism, known as “Proof of Useful Work,” to provide scalable and efficient AI computations for decentralized applications.
2. Secure and transparent AI: The platform’s decentralized infrastructure provides a secure and transparent environment for AI computations, ensuring the accuracy and reliability of AI-generated data in decentralized applications.
3. Interoperable AI: Fetch AI enables the seamless integration of AI and blockchain technology, providing high interoperability between different decentralized applications and blockchain networks.
4. AI-driven decentralized applications: Fetch AI provides a comprehensive platform for building decentralized applications that leverage the power of AI, making it an ideal solution for industries such as finance, supply chain, and healthcare.
5. Autonomous economic agents: Fetch AI’s AI-powered autonomous agents provide a secure and efficient way to manage various business processes, such as procurement, supply chain management, and financial transactions, making it an ideal solution for businesses and organizations.

$OCEAN

https://www.coingecko.com/en/coins/ocean-protocol

Ocean Protocol is an open-source blockchain-based platform that provides a secure and transparent infrastructure for data sharing and exchange. It aims to unlock the value of data by enabling the secure and efficient exchange of data and AI services. The following are the best use cases for AI on the Ocean Protocol platform:

1. Secure data sharing: Ocean Protocol provides a secure and decentralized infrastructure for data sharing and exchange, ensuring the privacy and security of data and AI services.
2. Decentralized AI marketplace: The platform provides a decentralized marketplace for data and AI services, enabling users to monetize their data and access high-quality AI services
3. Interoperable AI: Ocean Protocol enables the seamless integration of AI and blockchain technology, providing high interoperability between different decentralized applications and blockchain networks.
4. AI-powered data analysis: The platform provides the necessary infrastructure and tools for data analysis and model training, enabling organizations to leverage the power of AI for their data-driven initiatives.
5. Ethical data management: Ocean Protocol provides a framework for ethical data management, ensuring that data is used in a responsible and ethical manner, making it an ideal solution for industries such as healthcare, finance, and research.

$AGIX

https://www.coingecko.com/en/coins/singularitynet

SingularityNET is a decentralized platform that provides infrastructure and tools for AI development and deployment. It leverages blockchain technology to provide a secure and transparent environment for AI computations and data exchange. The following are the best use cases for AI on the SingularityNET platform:

1. Decentralized AI marketplace: SingularityNET provides a decentralized marketplace for AI services, enabling organizations to access high-quality AI services and monetize their AI assets.
2. Interoperable AI: The platform enables the seamless integration of AI and blockchain technology, providing high interoperability between different decentralized applications and blockchain networks.
3. Secure and transparent AI computations: SingularityNET’s decentralized infrastructure provides a secure and transparent environment for AI computations, ensuring the accuracy and reliability of AI-generated data.
4. AI-powered decentralized applications: The platform provides the necessary infrastructure and tools for building decentralized applications that leverage the power of AI, making it an ideal solution for industries such as finance, supply chain, and healthcare.
5. Ethical AI development: SingularityNET provides a framework for ethical AI development, ensuring that AI algorithms are developed in a responsible and ethical manner, making it an ideal solution for industries such as healthcare, finance, and research.

$ORAI

https://www.coingecko.com/en/coins/oraichain-token (Low Cap)

Oraichain is a platform that integrates AI and blockchain technology to deliver trustworthy and transparent AI computations. Its key features make it an ideal solution for a wide range of decentralized applications that require secure AI computations. The following are the best use cases for AI on the Oraichain platform:

1. Trustworthy and transparent AI computations: The platform’s focus on verifiable and trustless AI execution ensures the accuracy and security of AI computations in decentralized applications.
2. High interoperability: Oraichain makes its AI ecosystem and services accessible to all major blockchain networks through relaying protocols and bridges, providing high interoperability between AI and blockchain technology.
3. Scalability: The use of a customized Layer 2 Rollup solution allows for high transaction throughput, making Oraichain suitable for decentralized applications that need to process a large number of transactions.

Standardized protocols: Oraichain provides standard protocols and tools for developers to build decentralized applications, NFTs, and Metaverse projects, making it easy to integrate AI technology into existing projects.

Smart contract-based applications: Oraichain is an excellent choice for smart contract-based applications that rely on AI-generated data and require a secure and verifiable system for computations.

$IMGNAI

https://www.coingecko.com/en/coins/image-generation-ai (Low Cap)

ImgnAI is a crypto-native team with a goal to lead in the consumer AI space by creating innovative products that enable users to explore their imagination and have fun at the same time. The flagship product, Nai, is a text-to-image AI bot compatible with Telegram and Discord, with a seamless UI and 8+ custom image models of increasing quality.

ImgnAI’s ecosystem will expand in the future to offer a range of new and innovative product verticals in consumer AI. The primary utility token $imgnAI will be used to access premium features in ImgnAI’s web app, mint user-generated images as NFTs, and gain access to various benefits as the ecosystem grows.

Here are the key features and benefits of ImgnAI:

1. Revenue Share Model: ImgnAI will soon offer a revenue share model to $imgnAI token holders, who can earn a share of the revenue generated through advertising slots on the Nai bot, taxes generated through token volume, and partnerships with other projects.
2. Community Benefits: ImgnAI has a selective approach to projects and partners to maintain the quality of the community and make it a great place to be. Users who join the ImgnAI Telegram community will have their cooldown timer reduced to 15 seconds between generations.
3. Unlock Premium Features: With $imgnAI, users can access premium features in ImgnAI’s web app, such as HD/4K resolution, upscaling, remix, and exclusive models.
4. Early Access to Beta Models: ImgnAI also offers early access to unreleased beta models to those who hold at least 100k $imgnAI.

In summary, ImgnAI is building a new leader in the consumer AI space, with a focus on image generation and future expansion into other areas of AI. The $imgnAI token offers users a range of benefits, including revenue sharing, community perks, and access to premium features in ImgnAI’s web app.

$ASTO

https://www.coingecko.com/en/coins/altered-state-token (Low Cap)

Altered State Machine’s (ASM) decentralized protocol offers a new way to own, train, and trade unique Artificial Intelligence via digital ASM Brains. These ASM Brains can be used within avatars, games, worlds, and other metaverse applications, giving life to your avatars and making the metaverse a more dynamic place.

Here’s a summary of the key elements of ASM:

1. ASM Brains: Unique Artificial Intelligence owned via NFT’s with a unique DNA called the Genome Matrix. Each ASM Brain has inherent strengths and weaknesses and can learn, evolve, and improve through training.
2. Avatars: The visual representation of the character that operates in the world, giving physical form and qualities to the ASM Brain.
3. Memories: Agents learn and develop skills through experience and training in an Artificial Intelligence Gym. The Brain’s Memory Tree is an immutable record of the memories created and owned by the Brain.
4. ASM Cortex: The central portal for Altered State Machine utility. Allows users to generate ASTO-Energy, explore the map of Alleriya, and mine Gen II Brains.
5. Worlds: There are unlimited worlds to explore, each with different environments and requirements for the Avatars and Memories.
6. Training Gyms: Agents can learn and improve through training in Artificial Intelligence Gym using a machine learning model trainer specific to each world.
7. Ownership and Trade: ASM Brains are the world’s first Non-Fungible Intelligence, a unique AI that can be securely owned and traded. Users can train the AI to compete or sell it for profit to other users in need of skilled AI.

$RLC

https://www.coingecko.com/en/coins/iexec-rlc

iExec is a decentralized platform that provides infrastructure and tools for distributed computing and data processing. It leverages blockchain technology to provide a secure and transparent environment for running AI computations and data-driven applications. The following are the best use cases for AI on the iExec platform:

1. Distributed computing for AI: iExec provides a decentralized infrastructure for running AI computations, enabling organizations to leverage the power of distributed computing for their AI initiatives.
2. Secure and transparent AI computations: The platform’s decentralized infrastructure provides a secure and transparent environment for AI computations, ensuring the accuracy and reliability of AI-generated data.
3. Interoperable AI: iExec enables the seamless integration of AI and blockchain technology, providing high interoperability between different decentralized applications and blockchain networks.
4. AI-powered decentralized applications: The platform provides the necessary infrastructure and tools for building decentralized applications that leverage the power of AI, making it an ideal solution for industries such as finance, supply chain, and healthcare.
5. Data privacy and security: iExec provides a secure and transparent environment for processing and exchanging sensitive data, ensuring the privacy and security of data and AI services.

$PHA

https://www.coingecko.com/en/coins/phala-network

Phala Network is a decentralized platform that provides infrastructure and tools for secure and private computation. It leverages blockchain technology and advanced privacy technologies to provide a secure and transparent environment for running AI computations and data-driven applications. The following are the best use cases for AI on the Phala Network platform:

1. Secure and private AI computations: Phala Network provides a secure and private environment for running AI computations, ensuring the privacy and security of data and AI services.
2. Decentralized AI marketplace: The platform provides a decentralized marketplace for AI services, enabling organizations to access high-quality AI services and monetize their AI assets.
3. Interoperable AI: Phala Network enables the seamless integration of AI and blockchain technology, providing high interoperability between different decentralized applications and blockchain networks.
4. AI-powered decentralized applications: The platform provides the necessary infrastructure and tools for building decentralized applications that leverage the power of AI, making it an ideal solution for industries such as finance, supply chain, and healthcare.
5. Ethical data management: Phala Network provides a framework for ethical data management, ensuring that data is used in a responsible and ethical manner, making it an ideal solution for industries such as healthcare, finance, and research.

$DBC

https://www.coingecko.com/en/coins/deepbrain-chain (low cap)

Deep Brain Chain (DBC) is a decentralized platform that provides infrastructure and tools for secure and efficient AI computations. It leverages blockchain technology to provide a secure and transparent environment for AI computations and data exchange. The following are the best use cases for AI on the Deep Brain Chain platform:

1. Efficient AI computations: DBC provides a secure and efficient environment for running AI computations, enabling organizations to process large amounts of data in a cost-effective manner.
2. Decentralized AI marketplace: The platform provides a decentralized marketplace for AI services, enabling organizations to access high-quality AI services and monetize their AI assets.
3. Interoperable AI: Deep Brain Chain enables the seamless integration of AI and blockchain technology, providing high interoperability between different decentralized applications and blockchain networks.
4. AI-powered decentralized applications: The platform provides the necessary infrastructure and tools for building decentralized applications that leverage the power of AI, making it an ideal solution for industries such as finance, supply chain, and healthcare.
5. Secure and transparent AI computations: DBC’s decentralized infrastructure provides a secure and transparent environment for AI computations, ensuring the accuracy and reliability of AI-generated data.

$VAI

https://www.coingecko.com/en/coins/vaiot (low cap)

VAIOT is a platform that combines the benefits of artificial intelligence and blockchain technology to create a secure and scalable digital environment. The platform aims to offer innovative solutions for various industries and applications, including financial services, identity management, and data privacy.

Summary: VAIOT is a platform that utilizes AI and blockchain to provide secure and scalable solutions for various industries.

Features of VAIOT:

1. AI-powered: The platform uses artificial intelligence to enhance security, speed, and accuracy of its services.
2. Blockchain-based: The platform leverages blockchain technology to provide a secure and decentralized environment.
3. Scalable: VAIOT is designed to scale and support the growing demands of its users and applications.
4. Versatile: The platform offers innovative solutions for industries such as financial services, identity management, and data privacy.
5. Secure: The platform emphasizes the protection of user data and privacy, using secure protocols and cryptographic methods.

VAIOT offers a range of services and solutions that aim to make a positive impact in various industries, while providing a secure and efficient environment for its users. The platform is continuously developing and expanding its capabilities, to meet the evolving needs of its customers and the digital landscape.

End.

↓ — Article Summary — ↓

The similarities and differences between Fetch AI, Ocean Protocol, SingularityNET, Oraichain, ImgnAI, Altered State Machine, iExec, Phala, Deep Brain Chain, and VAIOT can be seen in their goals, approach, and underlying technologies.

Similarities:

1. All of these projects are focused on decentralized and AI-powered solutions.
2. Most of these projects aim to provide a platform for the creation, management and exchange of AI-powered services and applications.
3. Some of these projects are utilizing blockchain technology to provide a secure and decentralized infrastructure for the exchange of data and services.
4. Most of these projects aim to provide a marketplace for AI services and applications, where users can buy and sell services, or collaborate and share data.

Differences:

1. Focus: Each project has a different focus and area of expertise. For example, Fetch AI is focused on providing a decentralized platform for autonomous economic agents, Ocean Protocol is focused on data exchange and monetization, SingularityNET is focused on AI services and applications, and Oraichain is focused on improving the efficiency of the supply chain.
2. Technology: The projects use different technologies and protocols to achieve their goals. For example, some use blockchain, others use smart contracts, and others use decentralized AI algorithms.
3. Market: Each project targets a different market segment and has a different target audience. For example, ImgnAI is focused on the gaming and NFT market, while DeepBrain Chain is focused on the AI computing market.
4. Business Model: The business models of the projects are also different, ranging from non-profit organizations to for-profit companies, and some are a hybrid of both.
5. Token Economics: Each project has a different token economics model, with different token functions, utility, and governance models.

Written by: Kevin Svenson (2023)