Crypto + AI = The Future? Let’s See What’s Cooking at LONGITUDE

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Oh, the wonders of cryptocurrency! According to none other than Polygon’s illustrious co-founder, Sandeep Nailwal, cryptocurrency has the magical power to speed up artificial intelligence adoption by welcoming users with open wallets—or incentives, as he put it so plainly. Welcome to the digital revolution, folks!

“You can use crypto incentives and disincentives to onboard users to onboard the ecosystem players,” Nailwal, in all his wisdom, remarked during the LONGITUDE by CryptoMoon event. Ah, incentives—those seductive little baits that lured us all into this delightful chaos.

But wait, there’s more! Nailwal’s words (spoken on May 1, mind you) were not merely fluff; he suggested that AI projects with well-structured, onchain incentives could “build a better AI.” You know, because nothing says ‘better AI’ like an incentive engine pumping out developers like a modern-day factory.

CryptoMoon’s LONGITUDE is no mere event; it’s a gathering of the blockchain and Web3 elite, where visionary minds collide to “innovate” in a world where innovation is king, and buzzwords reign supreme.

Illia Polosukhin, co-founder of the Near Protocol, stepped onto the stage and, oh, what a revelation! He hypothesized that crypto-native AI agents could one day replace traditional web applications. Imagine it: no more clunky websites or apps, just your trusty AI, guiding you through the internet like an obedient butler with a penchant for decentralization. “Your AI becomes the interface to computing and the internet,” Polosukhin boldly claimed, like a prophet speaking of the web’s inevitable AI overlords.

But, of course, every paradise has its snakes. Nailwal—our skeptic hero—warned the audience that AI-related tokens have attracted more than just keen investors. “99% of those projects are literally token scams,” he said, dropping the harsh truth like a mic. Alas, few projects are truly committed to meaningful AI work. It’s the same old song in the world of crypto.

The Era of Web3 AI Agents

Now, buckle up because here comes the real juicy part. J.D. Seraphine, co-founder of Web3 developer Raiinmaker, chimed in with his own prediction: AI agents, those digital avatars of the future, are destined to play a central role in decentralized communities. Why, you ask? Because, according to a report by VanEck, we’re looking at over a million AI agents flooding the market by 2025—many of which will be tethered to decentralized finance applications. Who knew the economy was about to get this… digital?

These AI agents, already dabbling in everything from building decentralized applications to launching tokens, are poised to redefine how we interact with the digital world. We’re on the verge of being served our morning coffee by an autonomous AI, all while it launches a token for us to buy and trade. Hooray, progress!

But Nailwal, ever the realist, was quick to remind us of the dark side of AI: “AI is an extremely centralizing force. A few companies could become the warlords of the world.” Ah, yes, the typical dystopian future, where only a handful of tech giants hold the keys to the digital kingdom.

Polosukhin, ever the optimist, countered with a glimmer of hope: “That’s why crypto-native, peer-to-peer AI solutions are so important—they enable privacy-preserving innovation.” Because if there’s one thing that crypto can save, it’s our precious privacy. Who knew we’d be pinning all our hopes on this decentralized utopia?

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2025-05-01 23:09