The Rise of AI-Focused Projects in 2023 – Blockchain Bitcoin News

Artificial Intelligence and Cryptocurrency: The Rise of AI-Focused Projects in 2023

Trends present that synthetic intelligence (AI) shall be a significant subject in 2023, as knowledge signifies a surge in curiosity. Since curiosity peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency initiatives has risen dramatically. For instance, the crypto challenge has seen its native token FET rise 212% in the previous 30 days, and one other AI challenge, Singularitynet, has seen it’s token AGIX enhance 293% towards the U.S. greenback.

There’s Been a Surge in Interest in AI-Focused Cryptocurrency Projects

During the week of Jan. 22-28, 2023, the worldwide Google Trends rating for the time period “AI” was 94 out of 100. In the primary week of Dec. 2022, the search time period reached its highest Google Trends rating of 100. It’s secure to say that the world has develop into more and more targeted on synthetic intelligence (AI) for the reason that launch of AI-infused artwork platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and others. In the previous two months, the Openai platform Chatgpt or GPT-3 has develop into a extensively used AI phenomenon.

Google Trends reveals the worldwide rating for the search time period “Chatgpt” was 100 throughout the week of Jan. 22-28, 2023, and it has been rising for the reason that first week of Dec. 2022. Reports additionally present that Microsoft has entered the third section of its long-term partnership with Openai via a “multi-year, multi-billion dollar investment,” mentioned to be as a lot as $10 billion in funding. The rising pattern in synthetic intelligence (AI) and demand for the know-how has spilled over to blockchain initiatives integrating AI into their protocols.

For occasion, a crypto asset created by the challenge has seen its native token AGIX rise 293% in the previous month. Although singularitynet (AGIX) was down greater than 6% on Jan. 29, 2023, it has elevated 17.5% over the previous two weeks. The challenge goals to help the following technology of decentralized AI. Another blockchain-powered AI challenge, Vectorspace AI (, has a token known as VXV that has risen 95.9% over the previous month. The challenge has skilled comparable demand over the previous 4 weeks.

Over the previous 30 days, the challenge’s FET token has risen 212% towards the U.S. greenback. The staff says the challenge creates “autonomous agent technology” for peer-to-peer functions with automation and AI capabilities, with or with out direct blockchain entry.” Another AI-based blockchain challenge, Ocean Protocol, and its OCEAN token have risen 130% towards the U.S. greenback in the previous 30 days. Ocean Protocol, named a know-how pioneer by the World Economic Forum, goals to unlock knowledge at scale via encrypted knowledge monetization.

It is unsure how lengthy the demand for AI-based crypto property and the recognition of these tokens will final. All of the AI-related crypto property are presently ranked under the highest 75 in phrases of market capitalization and have just lately seen worth surges attributable to elevated curiosity in AI/Chatgpt.

Tags in this story

AGIX, ai, AI/Chatgpt, Artificial Intelligence, Blockchain, Chatgpt, cryptocurrency initiatives, Dall-E, Deep AI, encrypted knowledge monetization, FET, Fetch.AI, Funding, Google tendencies, elevated curiosity, Interest, Jasper Art, long-term partnership, Market Capitalization, Microsoft, multi-billion greenback funding, multi-year, Nightcafe, OCEAN, Ocean Protocol, openai, Protocols, Singularitynet,, Starry AI, Surge, know-how pioneer, U.S. greenback, Vectorspace AI,, VXV, World Economic Forum, worldwide rating

What do you suppose is driving the surge in demand for AI-focused cryptocurrency initiatives? Share your ideas in the feedback under.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for News concerning the disruptive protocols rising in the present day.

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