Trends show that artificial intelligence (AI) will be a hot topic in 2023, as data indicates increased interest. Ever since interest peaked and Microsoft poured billions into Chatgpt, the demand for AI-focused cryptocurrency projects has increased dramatically. For example, crypto project Fetch.ai has seen its native FET token rise 212% in the last 30 days, and another AI project, Singularitynet, has seen its AGIX token rise 293% against the US dollar.
There has been a surge in interest in AI-focused cryptocurrency projects
For 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 its highest Google Trends score of 100. It’s safe to say that the world has been increasingly focused on artificial intelligence (AI) since the launch of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe and others. In the past two months, the Openai Chatgpt or GPT-3 platform has become a widely used AI phenomenon.
Google Trends shows the global search ranking term “chat point” it was 100 during the week of January 22-28, 2023 and has been increasing since the first week of December 2022. Reports They also show that Microsoft has entered the third phase of its long-term partnership with opened through a “multi-million dollar, multi-year investment” saying be as much as $10 billion in funding. The growing trend of artificial intelligence (AI) and demand for the technology has extended to blockchain projects that integrate AI into their protocols.
For example, a crypto asset created by the project singularitynet.io has seen its native AGIX token surge 293% in the last month. Despite singularity network (AGIX) it was down more than 6% on January 29, 2023, it has risen 17.5% in the last two weeks. The project aims to support the next generation of decentralized AI. Another blockchain-powered AI project, Vectorspace AI (vspb.science), has a token called VXV which has increased by 95.9% over the last month. He search.ai The project has experienced similar demand in the past four weeks.
In the last 30 days, the Fetch.ai project FET tab it is up 212% against the US dollar. The Fetch.ai team says the project creates “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 protocolforks OCEAN tab they are up 130% against the US dollar in the last 30 days. Ocean Protocol, named a technology pioneer by the World Economic Forum, aims to unlock data at scale through the monetization of encrypted data.
It is unclear how long the demand for AI-based crypto assets and the popularity of these tokens will last. All AI-related crypto assets are currently ranked below the top 75 in terms of market capitalization and have recently seen price increases due to increased interest in AI/Chatgpt.
What do you think is driving the increase in demand for AI-focused cryptocurrency projects? Share your thoughts in the comments below.
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