How AI Cryptos Are Different From Other Tokens
By Kapil Rajyaguru
Artificial intelligence is a field, which combines computer science and robust datasets, to enable problem-solving. It also encompasses sub-fields of machine learning and deep learning, which are frequently mentioned in conjunction with artificial intelligence.
Artificial intelligence (AI) fever has reached everywhere. Even the complex world of cryptocurrencies.
The relationship between AI and cryptocurrency may not be visible at first glance. However, the sudden rise in the popularity of AI technologies has birthed a new class of cryptocurrency called ‘AI crypto coins’ or ‘AI tokens.
How are AI tokens different from usual coins?
Let’s first understand what AI tokens are.
In simple terms, they are tokens related to AI-based blockchain projects.
It is, however, an umbrella term for AI-based services in the crypto space.
While some of them help users create virtual platforms to trade AI algorithms, others are specifically focused on blockchain applications.
Now, how are they different from normal crypto coins?
Cryptocurrencies are built on blockchain networks. As we saw earlier, AI tokens are also based on blockchain networks.
Therefore, they are primarily from the same cloth. However, there is a chief difference between the two.
AI tokens are blessed with the abilities of AI, which makes them more secure and functional, and offer better performance.
What can AI coins do that others cannot?
Infused with the powers of AI, AI tokens can predict market fluctuations. In a crypto world plagued by volatility, this is an attractive quality.
AI tokens have several use cases.
AI is known for its flexibility. It can be used for various purposes.
Similarly, AI tokens also have a myriad of use cases. For instance, Fetch.ai (FET) is an AI lab working on automating everyday tasks like finance and travel.
Meanwhile, Cortex is working on building the first decentralized world computer that can run AI and (decentralized applications).
Some of the popular AI tokens include The Graph (GRT), Render Token (RNDR), Oasis Network (ROSE), Solidus Ai Tech (AITECH), Injective (INJ), and SingularityNET (AGIX).
GRT is the most valuable AI token with a market capitalization of over $1 billion.
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