Artificial Intelligence, or simply AI, has certainly been the hot topic since last year.
There are several possible uses that can catapult productivity in basically all sectors. In this race, we have some highlights. And no, we are not talking here about companies like the meteoric and trillion-dollar Nvidia, but rather about projects in the crypto universe.
In this article we will introduce you to five projects that, if I were you, I would keep an eye on and would consider putting a chunk of money into to take advantage of this positive moment in AI.
It is important to emphasize, before we continue: the data and information that we will talk about each project refer to the end of June 2024. Ah, another detail: the order in which the projects are presented will be based on market value, from highest to lowest. Let's go!
NEAR Protocol (NEAR): focus on developers
This project is a decentralized platform with a proof-of-stake consensus mechanism. The difference observed in NEAR is that it is a project that focuses on expanding the possibilities for developers to act when it comes to building DApps
In an analogy with the “real world”, this project is more aimed at those in the middle of the production chain, not the end consumer.
Of the almost 1.2 billion units of the NEAR token available (and without a maximum issuance limit), just over 91% are currently in circulation. This project has a market value approaching US$6.3 billion.
Injective (INJ): DeFi solutions
Present on the Cosmos blockchain network, Injective is a crypto project that aims to create financial interoperability solutions.
In plain English, this means that the idea here is to be a DEX capable of allowing access, transactions and even the creation of new mechanisms in DeFi
There are 100 million units of the INJ token available, of which just over 93% are already in circulation - and there is no maximum number of units in this case. The market value of this project exceeds the US$2.3 billion mark.
SingularityAI (AGIX): AI in the vein
While the other two previous projects had specific focuses, SingularityAI presents itself as a direct alternative for enhancing the uses of blockchain using Artificial Intelligence.
The big idea here is the objective of allowing people to create, browse and even monetize AI tools - which has a great capacity to make the environment for creating and developing these applications more democratic.
With a maximum of 2 billion units of its native token, AGIX, it currently has almost 71% of this entire supply available, with units in circulation totaling just under 64.5%. As for the market value, this project is currently close to US$1.5 billion.
Ocean Protocol (OCEAN): leveraging data
Among the various possible uses of AI, probably the one you've heard most about so far is to better work with a huge database, seeking to obtain more detailed information about certain processes.
This is exactly what Ocean Protocol stands out: with this project located on the Ethereum blockchain network, people can have greater access control and even monetization of data produced, something that can be a very suitable solution, for example for companies and also for those who produce content.
Its maximum supply is known: 1.410 billion units of the OCEAN token. Currently, the available supply is almost all of that (99.92%, to be more exact), while the quantity in circulation is much less than that: only 40% of the entire supply is circulating around. This project has a market value of slightly more than US$1 billion.
AIOZ Network (AIOZ): Featured Videos
In addition to the use of AI tools in data processing, another prominent use is in the generation of visual content.
When this is the subject, AIOZ Network stands out for serving precisely to optimize uses in videos, specifically with regard to data storage and transmission. It works using nodes available on its own network and even has a partnership with a Japanese game development company - which shows how its capabilities are in full swing right now.
Without a maximum number of units for its token, AIOZ, this project currently has slightly more than 1.1 billion available and, unlike what happened with previous projects, all of these units are already in circulation. Market value of this project is approximately US$530 million.
Faced with all these opportunities, it says: are you going to run after putting tokens in your portfolio that can take advantage of the positive wave in AI? Do you prefer meme coins or are you a big fan of Bitcoin?
Tell us!