Ai Coins: Special Review

Posted on | by Leon Hinde | Leave a Comment on Ai Coins: Special Review

1. NEAR Protocol (NEAR)

  • Purpose: NEAR is a decentralized application (dApp) platform designed to make blockchain-based apps user-friendly.
  • AI Relevance: NEAR supports AI integration for scalable and efficient dApps, enabling machine learning and data-driven applications in decentralized environments.

2. Artificial Superintelligence Alliance (FET)

  • Purpose: The Fetch.ai (FET) platform focuses on creating decentralized AI solutions using blockchain for automation and optimization.
  • AI Relevance: Fetch.ai enables autonomous agents powered by AI to perform tasks like supply chain optimization, smart city infrastructure, and decentralized marketplaces.

3. BitTensor (TAO)

  • Purpose: BitTensor is a decentralized machine learning network where users can share and trade AI models.
  • AI Relevance: It incentivizes AI developers to contribute and improve the network’s collective intelligence through a blockchain-based token economy.

4. Render (RNDR)

  • Purpose: Render is a decentralized GPU rendering network that provides computational power for graphics and AI workloads.
  • AI Relevance: It supports rendering AI-driven visualizations and simulations by enabling access to GPU resources on the blockchain.

5. The Graph (GRT)

  • Purpose: The Graph is an indexing protocol that enables efficient querying of blockchain data.
  • AI Relevance: Its indexing services are used by AI and machine learning projects to quickly retrieve structured blockchain data for training and analytics.

6. Virtuals Protocol (VIRTUAL)

  • Purpose: Virtuals Protocol is focused on decentralized metaverse and AI technologies.
  • AI Relevance: It provides AI-powered tools to enhance virtual environments, including digital identities and autonomous avatars.

7. AIOZ Network (AIOZ)

  • Purpose: AIOZ is a decentralized content delivery network (CDN) that leverages blockchain for efficient media delivery.
  • AI Relevance: AI is used within the network to optimize content distribution and enhance streaming quality for end-users.

8. Akash Network (AKT)

  • Purpose: Akash Network is a decentralized cloud computing platform that offers flexible and cost-effective computation.
  • AI Relevance: It provides infrastructure for running AI workloads, machine learning models, and other resource-intensive processes.

9. Grass (GRASS)

  • Purpose: Grass focuses on decentralized AI services, offering solutions for digital resource management and automation.
  • AI Relevance: It supports the deployment and monetization of AI algorithms and tools for various applications like agriculture and automation.

10. Arkham (ARKM)

  • Purpose: Arkham is a blockchain intelligence platform that specializes in on-chain data analytics.
  • AI Relevance: It uses AI to track and analyze blockchain transactions, providing insights into market movements and financial patterns.

These projects represent a convergence of AI and blockchain technologies, addressing a variety of use cases, from decentralized computing to AI-powered analytics and automation. Let me know if you’d like a deeper dive into any specific coin!

Best Overall Technology

If we consider AI-specific technology, BitTensor (TAO) stands out for its unique approach to incentivized AI model collaboration, which is foundational for decentralized AI ecosystems.

For general-purpose AI and blockchain integration, Fetch.ai (FET) leads with its versatility and real-world use cases.

For infrastructure and scalability, Akash Network (AKT) and NEAR Protocol (NEAR) are highly robust, depending on whether you prioritize computing or dApp development.

Key Insights from the Table

BitTensor (TAO): $4.79 billion.

24-Hour Trading Volume: A high trading volume indicates strong investor activity.

Fetch.ai (FET): $1.387 billion (highest trading volume among the coins in the list).

NEAR Protocol (NEAR): $853 million (second-highest).

Virtuals Protocol (VIRTUAL): $454 million.

7-Day Price Change: Significant price gains over 7 days indicate growing investor demand.

Virtuals Protocol (VIRTUAL): 178.9% (largest 7-day gain).

AIOZ Network (AIOZ): 34.6%.

Grass (GRASS): 46.5%.

Market Cap: Higher market caps suggest established projects with significant investor backing.

NEAR Protocol (NEAR): $8.4 billion (largest market cap in the list).

Fetch.ai (FET): $4.9 billion.

PayPal & Solana

Posted on | by Leon Hinde | Leave a Comment on PayPal & Solana

PayPal has chosen the Solana blockchain to expand its stablecoin, PayPal USD, marking its first move beyond the Ethereum ecosystem.

According to an announcement on May 28, PYUSD has been added to the Solana network, allowing users to perform transactions at a lower cost. The move seeks to expand the uses of PYUSD stablecoin as a payment method for small and daily purchases.

Solana processes up to 65,000 transactions per second at costs as low as $0.0025, significantly outpacing Ethereum’s 15 transactions per second with higher fees, which may vary from $1 to $50 during times of congestion. ​In other words, while a transaction on Ethereum could take a few minutes to process, the same transfer using Solana could be completed in less than a minute.

The Solana network surged as the most used blockchain for stablecoin transfers since last year. According to data from analytics platform Artemis, stablecoin transfer volume on Solana reached $1.5 trillion over the past year, largely surpassing Ethereum’s volume of $885 billion over the same period.

PayPal launched its stablecoin in August 2023 in collaboration with Paxos Trust Company. The stablecoin was initially issued only on Ethereum as an ERC-20 token and is backed by U.S. dollar deposits, short-term Treasurys, and cash equivalents.