AI tokens continue to rise, AI+web3 boom hits?

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The recent breakthrough in the field of AI can be said to have excited the world, including the crypto world.

Not only the release of SORA, an amazing video generation model for OPEN AI, but also the news of the conference of NVIDIA, a chip giant that supports AI large language model training, has made investors more confident.

In the past, WLD tokens exceeded 200% in a single week and last week, and now in the AI sector tokens, whether it is a long-established project or a meme token that echoes the recent hot events, there is an unimaginable performance. Here's a quick look at the recent AI boom.

Big events in the field of AI and the response of the crypto world

GTC 2024 is NVIDIA's largest conference in the world, with more than 300,000 attendees expected to register on-site, more than 900 sessions are expected, more than 300 exhibitors are expected, highlighting how NVIDIA technologies are being deployed and driving breakthroughs in sectors such as aerospace, agriculture, financial services and healthcare, and related case studies will be released.

A number of AI projects announced for GTC24 led the rally, with NEAR Protocol being the most notable, with co-founder Illia Polosukhin at NVIDIA GTC24 for lectures and panel discussions with Jensen Huang and others.

Image source: Nvidia official

They will involve an important research object, the Transformer neural network architecture, which has become the main architecture of large language models, and everyone from investors to ordinary AI product users believe that this discussion will open an important scene for the next innovation in AI, chip manufacturing and other related industries.

According to Coin Gecko data, the AI sector is up a whopping 23.1% over the past 24 hours, with a total market capitalization of $24,500,437,037.

Led the rally with a high-cap AI concept token

The coins with the highest total market cap in the AI sector are the following:

Bittensor (TAO) - The circulating market capitalization is about $4 billion, up 4.4% on the 7th.

The native token is TAO, and Bittensor is a decentralized process and creation of a machine intelligence peer-to-peer marketplace that powers decentralized machine learning. It proposes a new AI market model that uses digital decentralized ledger records to rank through a P2P computer network and provides incentives to participants, including AI R&D and users, in a decentralized manner.

SingularityNET (AGIX) - With a circulating market capitalization of about $1.4 billion, up 39.1% on the 7th, SingularityNET (AGIX) is a decentralized platform for AI.

It aims to build a blockchain-based infrastructure to realize real-time and flexible interaction of various AI algorithms from image recognition to natural language processing, incentivize developers, and provide a series of blockchain AI services for institutions or individuals who are not qualified to independently develop artificial intelligence.

Akash Network (AKT) - With a circulating market capitalization of around 1.3 billion, up 22.4% on the 7th, Akash Network (AKT) has developed an open-source, decentralized cloud computing marketplace that offers speed, efficiency, and economics and aims to change the way users perceive and use cloud services

RENDER (RNDR) - The circulating market value is about 3.7 billion, an increase of 27.6% on the 7th; RENDER IS THE FIRST DECENTRALIZED GPU RENDERING PLATFORM THAT ENABLES ARTISTS TO SCALE GPU RENDERING JOBS TO HIGH-PERFORMANCE GPU NODES AROUND THE WORLD ON DEMAND.

Through a blockchain marketplace of idle GPU computing, the network provides artists with the ability to scale next-generation rendering jobs at a fraction of the cost of centralized GPU clouds, but orders of magnitude faster.

Fetch.ai (FET) - The circulating market value is about 2.7 billion, an increase of 60.6% on the 7th;

is an open platform for the new AI economy, which aims to create AI platforms and services that enable anyone to build and deploy AI services at scale, anytime, anywhere.

CorgiAI (CORGIAI) - The circulating market value is about 1.14 billion, an increase of 31.5% on the 7th;

Positioned as a "social club," CorgiAI seeks to build a community tool that harnesses the limitless potential of artificial intelligence to transform the way users play and socialize in cryptocurrency. $CORGIAI is the core token used in the CorgiAI ecosystem, which will be equipped with a valuation feature and will be used as a purchase token for upcoming CorgiAI-related initiatives.

Ocean Protocol (OCEAN) - A circulating market capitalization of about 690 million, up 22.2% on the 7th, a privacy protection and data sharing protocol for artificial intelligence and the new data economy. The goal is to unleash data, reject the monopoly of AI and data by centralized organizations, and use the thoughtful application of technology to bring fairer results to data users.

SOURCE: COINGECKO

How does AI+WEB3 empower each other?

As a productivity tool, AI can help Web3 applications greatly improve the development speed, and can efficiently call up resources to help more users enter Web3 in terms of experience optimization, user learning, and community education and management.

Because of the high efficiency, AI can also correspondingly reduce the difficulty of developing dApps, so that the project can develop more competitiveness in other aspects. And it is in this direction that generative AI can bring new narratives to Web3, such as gameFi, and socialFi projects can integrate character AI to further develop new gameplay.

The function of AI can also be combined with off-chain data computing, decentralized storage and other modules, which can also greatly liberate network capacity and alleviate the network performance and stability problems that are often criticized in Web3.

At the same time, the decentralized mechanism of Web3 can solve the current risks and problems of AI from the bottom, such as privacy protection, data abuse, etc. The mechanism of Web3 can be deployed, trained and used in a decentralized manner, so that users' data privacy can be better protected, and users can also choose to be rewarded by sharing data.

The distributed nature of blockchain can also be used to record and monitor AI behavior, thereby improving the security of AI, making the use of AI in various scenarios popular, and easy to monitor and solve ethical issues.

Today's AI tools basically rely on centralization and big data to train, and enough content and feedback can be molded into a usable model, while web3 is decentralized, so they also have conflicts, but their complementarity makes it possible to empower many fields once they break through the underlying integration.

Summary

Theoretically, the potential of WEB3+AI is endless, but in fact, there are still limitations in implementation, but under the development of blockchain scaling solutions, AI will also have stronger empowerment.

As an exchange with 1700+ coins listed, it is also very convenient to trade or interact with dApps in related tokens and networks in the AI sector. Gate News & Blogs also keep track of big events in the AI space, as well as real-time changes in related cryptocurrencies.

Author:Sherry S. *This article represents the views of the author only and does not constitute any trading advice. *The content of this article is original, the copyright is owned by Gate.io, if you need to reprint, please indicate the author and source, otherwise you will be held legally responsible.