The Rise of AI-Centric Projects in 2023 – Blockchain Bitcoin News

According to trends, artificial intelligence (AI) will be a major topic in 2023. Demand for AI-driven cryptocurrency projects has skyrocketed since interest peaked and Microsoft invested billions in Chatgpt. For example, crypto project Fetch.ai has seen its native token FET up by 212% over the past 30 days, while another AI project, Singularitynet, has seen its token AGIX up by 293% against the USD.

Interest in AI-driven cryptocurrency projects surges

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 peak Google Trends score of 100. It’s no exaggeration to say that the world is focusing more and more on artificial intelligence (AI) ever since the launch of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and more. Over the past two months, the Openai platform Chatgpt or GPT-3 has become a widely used AI phenomenon.

Google Trends shows that the global score for the search term “Chatgpt” was 100 during the week of January 22-28, 2023, and has been rising since the first week of December 2022. It is a step toward a long-term partnership with Openai through “multi-year, multi-billion dollar investments,” with funding up to $10 billion. The growing trend of artificial intelligence (AI) and demand for the technology has spread to blockchain projects that incorporate AI into protocols.

For example, the crypto asset created by the singularitynet.io project saw its native token AGIX rise 293% over the past month. SingularityNet (AGIX) lost more than 6% on January 29, 2023, but has gained 17.5% in the past two weeks. This project aims to enable the next generation of decentralized AI. Another blockchain-based AI project, Vectorspace AI (vspb.science) has a token called VXV that is up 95.9% over the past month. The Fetch.ai project has experienced similar demand over the past 4 weeks.

Over the past 30 days, the Fetch.ai project’s FET token 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 blockchain access. Another AI-powered blockchain project, Ocean Protocol and OCEAN tokens are up 130% against the US dollar in the last 30 days. Named a technology pioneer by the World Economic Forum, Ocean Protocol aims to unlock data at scale through encrypted data monetization.

It is unclear how long the demand for AI-powered crypto assets and the popularity of these tokens will last. Currently, AI-related cryptocurrencies are all below the top 75 by market cap, and their prices have soared recently due to increased interest in AI/Chatgpt.

What do you think is driving the surge in demand for AI-driven cryptocurrency projects? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the news director for Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.

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