Projects that combine crypto with artificial intelligence to create value are available for purchase
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Artificial intelligence (AI) and cryptocurrency are undoubtedly two of the most significant technologies of this generation. Companies that manage to successfully combine both and find value at the same time have a real opportunity to create incredible added value.
This combination of factors is still relatively new. There is no clear leader in the cryptocurrency space that combines artificial intelligence to create real-world use cases and benefits. Instead, there are a number of companies and crypto projects all vying to do just that.
This article will cover three such cryptos. All of them have enormous advantages simply because they touch on the factors mentioned above. Each is also risky, considering how much can go wrong in the cryptocurrency space. Invest wisely and know that the majority of your capital should go to safer investments.
Theta Network (THETA-USD)
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Theta network (THETA-USD) is a blockchain-based video streaming platform. The project uses artificial intelligence to better deliver content and improve content discovery.
The project uses artificial intelligence to personalize content recommendations for viewers. This is done based on viewing history and individual user preferences. As you can imagine, this is useful for advertisers, who can direct specific products and services to consumers based on their profiles.
I would argue that this makes Theta Network particularly attractive among cryptocurrencies overall. The combination of content recommendation and ad monetization closely resembles companies like Google.
By and large, cryptocurrencies will not overthrow prevailing business models. Instead, they will simply add the benefits of blockchain to these companies. Theta Network seeks to improve a tried and tested business model by adding artificial intelligence and blockchain technology. For this reason, it will continue to be one of the cryptocurrencies to keep an eye on and it certainly has the potential to multiply its price in the future.
Grok (GROK-USD)
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Grok (GROK-USD) is one of the more interesting and currently relevant applications of AI and cryptocurrency. Currently attracting a lot of attention is Grok GPT, a generative pre-trained transformer that works on the same principles as ChatGPT.
I’ll come back to this in a moment, but I also want to point out that Grok also uses artificial intelligence, for example in the creation of non-fungible tokens (NFTs). The real star of the show, however, is Grok GPT. This is particularly relevant as it is currently used at X, formerly Twitter. Grok is Offered as an advanced search feature for X Premium and Premium Plus subscribers. It is intended to provide humorous answers to user queries.
The fact that grok GPT is currently used by other companies is a clear example of its usefulness. In fact, one could easily argue that monetization is the most important benefit of all.
VAIOT (VAI-USD)
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VAIOT (VAI-USD) uses artificial intelligence and the blockchain to create a platform that offers so-called intelligent virtual assistants (IVAs).
These personal ones Assistants can be reached via mobile devices and use voice commands as a user interface. Among other things, it can be used to create custom contracts that are then stored on the blockchain. The link above also presents a use case where a hypothetical user needs car insurance. This user uses the intelligent virtual assistant to secure the policy, which is then secured on the blockchain.
One of the more compelling aspects of the project is that it can be used to create legally compliant smart contracts. It’s a pretty interesting application of AI voice commands to complex business processes. The project clearly has real-world utility, making VAIOT one of many AI blockchain projects to watch. Many cryptos will combine utility and AI in the future and explode in price due to this combination of factors. VAIOT could well be one of them.
At the time of publication, Alex Sirois did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to those of InvestorPlace.com Publishing Guidelines.