- AI-adjacent crypto tokens have surged by 522%, signaling strong market optimism in blockchain applications.
- Projects like Worldcoin and DCPR standard aim to combat AI-driven misinformation and deepfakes.
- Decentralized platforms like Bittensor and Akash innovate in AI development, tackling bias and resource access issues.
The tech world is buzzing with the synergy between artificial intelligence (AI) and cryptocurrency. Notably, AI-adjacent crypto assets, including TAO, RNDR, AKT, and WLD, have skyrocketed by 522% in the last year. This surge eclipses the growth of the Utilities and Services Crypto Sector. Consequently, these developments highlight blockchain’s expanding role beyond just payments.
The rise of AI has intensified concerns over misinformation, especially with deepfakes potentially influencing major events like the 2024 US presidential election. Worldcoin, co-founded by Sam Altman, aims to differentiate humans from bots through biometric scans, having already registered 2.9 million individuals globally. Similarly, the DCPR standard, developed by Arweave and Bundlr, leverages blockchain to ensure content authenticity, a crucial step towards combating misinformation.
Additionally, addressing AI bias, Bittensor offers a decentralized network promoting diverse AI model development. This initiative is vital for ensuring unbiased and equitable AI applications, as it rewards top-performing models and eliminates biased ones.
The concentration of AI development poses a major challenge, with high costs limiting competition. Decentralized compute marketplaces like Akash and Render are tackling this by connecting GPU owners with AI developers. This approach democratizes AI development, offering more affordable computing resources. For instance, a Columbia student turned to Akash for cost-effective GPU rentals, showcasing the practical benefits of these marketplaces.
Looking ahead, Worldcoin is trading on an upward trajectory as of this writing. WLD has seen an impressive gain of over 4% in the past 24 hours, surging from a daily low of $2.28 to face resistance at $2.44. However, WLD has faced a minor pullback at $2.39.
Similarly, Render is trading on the same path, heading toward the key level of $4.00. Recently, bears have been holding strong on RNDR market but currently, the bulls are in control, pushing the token higher after a bearish reversal. Currently, RNDR is exchanging hands at $3.90.
Bittensor’s token (TAO) is trading in the negative region today as the bulls and bears battle for control. TAO is currently exchanging hands at $332, down by 0.24% in the past 24 hours as the weekly gain remains at 34%. Akash Network (AKT) has gained massively today, displaying an increase of 14% in the past 24 hours. AKT has broken above the key resistance level at $2.80 to create a new resistance at $3.00, which currently trades at $2.96.
The intersection of AI and crypto is still in its infancy but holds immense promise. This synergy could lead to innovations in zero-knowledge proofs, crypto payment rails, and AI-generated content in gaming. As the market views these assets as a potential balance to the centralization risks of major tech companies, the momentum is set to continue, with both technologies mutually enhancing each other’s growth and relevance.
