The overgrowing popularity of ChatGPT, a conversational AI-powered chatbot, has finally resonated in the crypto space. AI and big data blockchain projects have been around for a while, and all the tokens described in this article were available on HitBTC for at least the past year. However, with the recent release of ChatGPT, the interest in those tokens increased dramatically.
According to CoinMarketCap, the total market value of AI and big data tokens has recently climbed up to $4.5 billion as the prices of the most popular coins soared during the past week. Prices for some of those tokens have experienced over 100% growth.
Let’s take a closer look at these tokens that everyone goes crazy about.
The Graph (GRT)
In the Web3 world, all data is stored and processed in open networks with verifiable integrity, and it is essential to query this data in a fast, reliable, and secure manner. The Graph, an indexing protocol for querying networks, allows users to build and publish open APIs, aka subgraphs, making data easily accessible.
GRT is an ERC20 token used by The Graph’s Indexers, Curators, and Delegators that lock it up to ensure the network’s indexing and curating services. Notably, GRT holds first place in the top AI and big data token chart.
SingularityNET is an open, blockchain-based, and decentralized network of AI services. It is also a leading AI marketplace. The platform aims to create Artificial General Intelligence (AGI) that will benefit the technological singularity.
Currently, developers can publish their services to the network, and any user can easily access them. The services can be paid for in the AGIX token, the platform’s native currency. The token is also used for decentralized community governance and can be staked.
Fetch Network (FET)
Fetch network is an open, permissionless, decentralized machine learning network that utilizes a cryptocurrency-powered economy. Fetch strives to simplify access to AI technology, allowing anyone to connect and access data.
The FET token is at the heart of the Fetch Network. FET enables users to pay for services within the platform. It is also possible to stake it and earn additional income while contributing to the network.
Ocean Protocol (OCEAN)
Ocean Protocol is a data-focused ecosystem built on blockchain. The project’s team is on a mission to create a New Data Economy, empowering data owners and letting people capture value from data. The platform launched its own decentralized Ocean Market for users to publish, discover, and consume data.
The OCEAN token can be staked for data curation and earning rewards, and can also be used to buy and sell data on the Ocean Market. Its supply is disbursed over time to ensure long-term sustainability.
Numerai unites data science and blockchain tech to build a next-generation hedge fund meant to outperform market-neutral indexes and traditional quant funds. The platform allows developers and data scientists to build reliable machine learning models.
The NMR is a staking token used by Numerai’s data scientists. It is supported by numerous crypto wallets and can be purchased on all major exchanges, including HitBTC.
Founded in 2016, iExec quickly emerged as a decentralized computing platform challenging the common cloud computing paradigm. Today, iExeC is a leading provider of blockchain-based decentralized computing with its own Web3 marketplace and a toolbox for anyone interested in building oracles.
The RLC token (RLC stands for “Run on Lots of Computers”) is the operating currency of the iExec marketplace that allows users to trade computing assets.
As the founding team puts it, Cortex is the first decentralized world computer, able to run AI and AI-powered dApps on the blockchain. Cortex solved the problem of the execution of on-chain machine learning models via the Cortex Virtual Machine (CVM), using Graphics Processing Unit (GPU) instead of Central Processing Unit (CPU) power and MRT (quantization and integer-only inference).
The CTXC token is Cortex’s native token used to pay for computational resources within the CVM. CTXC can be stored in Cortex Wallet developed by the platform and traded at any of the supported exchanges, including HitBTC (CTXC/USDT and CTXC/BTC trading pairs).
Interested in adding these tokens to your digital asset portfolio? You can easily trade any of them on HitBTC.
This article came directly from HitBTC, at https://hitbtc.com/blog/hitbtc-digest-the-week-of-feb-13-2023/