As a researcher with a background in artificial intelligence and blockchain technology, I find the recent developments in the crypto AI industry truly fascinating. The convergence of these two fields is opening up new opportunities for innovation and value creation.
Starting on May 13, ChainGPT’s blockchain AI platform will collaborate with KuCoin and Gate.io for the inaugural decentralized exchange offering (DEXO) of its launchpad project, named Wisdomise AI.
As an analyst, I would describe Wisedomise as a sophisticated AI-driven crypto consultant and trading companion. It empowers users by providing them with knowledge on digital assets, predictive analysis using advanced AI algorithms, and facilitating execution of trades within the dynamic cryptocurrency marketplaces, as mentioned by Ilan Rakhmanov, CEO and Founder of ChainGPT.
Wisedomise aims to achieve an IDO with a total valuation of twenty million dollars at the moment. In contrast, ChainGPT currently boasts a valuation of two hundred thirty-six million dollars, derived from its native token, as it specializes in creating AI-driven chatbots and news aggregators through language learning models (LLM).
On May 3rd, KIP Protocol, the foundational layer of web3, announced a partnership with Aethir, a GPU cloud infrastructure provider, to boost AI development on both platforms. Under this collaboration, KIP intends to integrate its KnowledgeFi monetization system and dRAG framework into Aethir’s infrastructure. These tools enable AI models to access and generate data dynamically in response to user prompts.
Similarly, KIP Protocol can utilize Aethir’s extensive fleet of 40,000 GPUs and 3,000 NVIDIA H100s for creating AI prompts through their partnership. According to Julian Peh, the CEO and co-founder of KIP Protocol, both protocols share the same vision regarding Aethir’s resources being employed for enhancing KIP Protocol’s AI deployment and monetization solutions.
Last month, the leading trio in the crypto AI sector, SingularityNet, Fetch.ai, and Ocean Protocol, endorsed a $7.5 billion token amalgamation. This union gave birth to the Artificial Superintelligence Alliance (ASI) project. Currently, the ASI is exploring three primary avenues: integrating AI agents into businesses, developing neural symbolic language learning models (LLMs), and managing AI data exchange and application.
In the coming weeks, we expect to earn money by initiating the rollout of our agentic network for use. According to Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, this was shared in a statement with CryptoMoon. In the interim period, our priority will be on releasing various commercial offerings that infuse AI applications with vitality.
Amidst all the excitement, scammers have found new targets in the form of people who are naively entering the world of crypto AI.
On May 5, CertiK, a leading blockchain security firm, disclosed that the Genius Crypto Token GNUS.ai had been victim to a hack resulting in a loss of approximately $1.27 million. The intrusion reportedly targeted the developers’ private wallet on Discord. Following this breach, an attacker is said to have fabricated a counterfeit GNU token on the Fantom blockchain, replicating the code from GNUS.ai’s Ethereum Chain. Subsequently, the attacker transferred 500,000 units of the illicitly generated GNUS.ai tokens worth $1.27 million from Fantom to Ethereum and sold them on the marketplace.
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2024-05-13 20:34