Crypto in Focus: Crypto and AI

Investing Strategy
June 13, 2024
Every week we provide insights into popular assets and hot topics in crypto, so you can easily learn more about the crypto market in bite-sized pieces.

In this Crypto in Focus we take a closer look at Crypto and AI

Crypto and AI

Crypto and AI are rapidly emerging as the two key technologies shaping the future. While both technologies innovate independently, they increasingly overlap and complement each other.

Following GPT-3's launch, the crypto community saw potential in combining crypto and AI to enhance customer experiences. Crypto can provide AIs with cheaper, accessible computing power and storage by leveraging unused computer resources globally, creating a powerful network for AI projects. This democratizes access to computational resources, potentially leading to a better world.

Investors recognizing AI's potential can express this view by turning to crypto AI projects offering tradable tokens, as traditional options like Nvidia stock are limited. Here are a few such projects.

Akash network (AKT, available in the Change app)

Cloud computing is essential for AI, processing large datasets and complex computations. However, it's expensive, limiting access. Akash offers cheaper cloud services by using a decentralized network of providers, reducing overhead costs compared to traditional data centers, and enabling competitive pricing.

Akash has rallied surged 600% over the past 12 months.

Render network (RNDR, available in the Change app)

Render Network offers decentralized GPU rendering services for AI, graphics, and visual effects, leveraging idle GPU capacity to reduce costs. This makes high-performance rendering more affordable and scalable, ensuring flexibility without relying on centralized providers.

Render has surged 350% over the past 12 months.

Filecoin (FIL, available in the Change app)

By leveraging Filecoin, AI systems can benefit from a more robust, secure, and cost-effective storage solution, facilitating more efficient data management and processing.

Filecoin has surged 40% over the past 12 months.

AI is a major trend in crypto, leading to new projects that benefit both areas. This mix improves computing power, storage, and data security, providing various investment opportunities. 

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