Trends show artificial intelligence (AI) to be a major topic in 2023, with data showing growing interest. Since interest peaked and Microsoft invested billions in Chatgpt, the demand for AI-focused cryptocurrency projects has risen dramatically. For example, cryptocurrency project Fetch.ai saw its native token FET rise 212% over the past 30 days, while another AI project, Singularitynet, saw its token AGIX rise 293% against the US dollar.
Interest in AI-focused cryptocurrency projects surges
During the week of January 22-28, 2023, the global Google Trends score for the term “AI” was 94 out of 100. In the first week of December 2022, the search term reached the highest Google Trends score of 100. With the release of AI-infused art platforms such as Dall-E, Deep AI, Jasper Art, Starry AI, and Nightcafe, it’s no exaggeration to say that the world is turning more and more attention to artificial intelligence (AI). not. Over the past two months, Chatgpt or GPT-3 on the Openai platform has become a widely used AI phenomenon.
According to Google Trends, the search term “Chatgpt” has a global score of 100 for the week of January 22-28, 2023, up from week 1 of December 2022. There are also reports that Microsoft came in third after him. The stage of his long-term partnership with Openai through “multi-year, multi-billion dollar investments” is said to require as much as $10 billion in funding. The trend in artificial intelligence (AI) and the growing demand for its technology has spilled over into blockchain projects that integrate AI into their protocols.
For example, a crypto asset created by project singularitynet.io saw its native token AGIX rise 293% last month. singularitynet (AGIX) is up 17.5% in the last two weeks, although he fell more than 6% on Jan 29, 2023. This project aims to support the next generation of distributed AI. Another blockchain-powered AI project, Vectorspace AI (vspb.science), has a token called VXV, which is up 95.9% over the past month. The Fetch.ai project has experienced similar demand over the past four weeks.
Over the past 30 days, the Fetch.ai project’s FET token has risen 212% against the US dollar. The Fetch.ai team says the project will create “autonomous agent technology” for peer-to-peer applications with automation and AI capabilities, with or without direct access to the blockchain. Another AI-based blockchain project, Ocean Protocol and its OCEAN token, has surged 130% against the US dollar over the past 30 days. Ocean Protocol, named a Technology Pioneer by the World Economic Forum, aims to unlock data at scale through monetization of encrypted data.
It is unclear how long the demand for AI-based cryptoassets and the popularity of these tokens will last. Currently, all AI-related crypto assets are ranked below the top 75 by market capitalization, and the recent surge in interest in AI/Chatgpt has seen their prices skyrocket.
What do you think is driving the surge in demand for AI-focused cryptocurrency projects? Share your thoughts in the comments below.
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