AI (Artificial Intelligence) is moving the needle in almost every major field and sector. Whether data science, trading, content creation, art creation, or investing, AI is the hottest trend, after which everyone is going bananas, and crypto is no exception.
Many crypto projects have jumped into the AI bandwagon to leverage this technology into their blockchain-based projects. And even many are giving good returns with the rising AI craze.
If you are an investor wanting to invest in these projects and add AI to your investment portfolio, your search engine has landed you on the right page.
In this blog, we will tell you about the ten best Artificial Intelligence cryptocurrency projects where you can invest to make a killing. We have individually researched each listed AI crypto coin in the below blog to give you updated and verified information about the best artificial intelligence cryptocurrency projects.
Top AI Crypto Coins to Invest
The Graph (GRT)
The Graph is a crypto project that uses Artificial Intelligence (AI) to do the same thing for blockchains that Google does for the Internet. It works on a protocol that queries and indexes data from various blockchains for developers to get relevant data from different blockchains to enhance their dApps and other projects. The nodes of the Graph network exist to scan various blocks and smart contracts of other blockchains like Ethereum and Avalanche. After this step, they organize the obtained data into indices known as Subgraphs. When anyone sends an information query to the Graph, the platform immediately responds with the required information from the Subgraphs.
Native Token
GRT is the native token of the Graph network built on ERC-20 standards. The participants need to spend their GRT tokens to pay for obtaining the information. The users who raise a query in the Graph network are called Consumers. The volunteers in the Graph network who work to process, organize, and share data with consumers are called Curators, Indexers, and Delegators, depending on their work. Curators are responsible for selecting the subgraphs worth indexing to give consumers their information. Indexers collect data from Subgraphs identified by the curators. Delegators give the GRT collected from consumers to the indexers as a reward. Apart from them, the Graph network also has a few Fishermen and Arbitrators. While Fishermen verify query responses, Arbitrators keep a check on the malicious indexers.
Volunteering in the Graph network requires individuals to stake some GRT tokens in the network protocol. It is to maintain the integrity of The Graph network by taking GRT as collateral. Once these volunteers do their job successfully, the Graph network rewards them with GRT token fees as their reward. Initially, The Graph introduced ten billion GRT tokens. The amount of GRT tokens rises by 3% every year.
SingularityNET (AGIX)
SingularityNET is a decentralized blockchain-based platform that operates a global AI marketplace. In this marketplace, anyone can create, share, and monetize AI services in a decentralized environment. The AI developers can also use SingularityNET to publish and sell AI tools and track their performances. The SingularityNET team also pioneered the development of the most expensive robot, Sophia. It was the first robot citizen that conducted one-on-one meetings with various country leaders, became a social media sensation, attended hundreds of conferences, was featured on multiple magazine covers, and even became the first robot to own a passport. Sophia also became the first robot ambassador of UNDP (United Nations Development Programme). The goal of SingularityNET for Sophia is to make it fully efficient in understanding human language and help it achieve a state of 'advanced general intelligence'.
Native Token
AGIX is the native token of SingularityNET. It acts as the primary payment method of the network for using its AI services and tools. The network also uses AGIX to incentivize AI developers and service providers to list their AI-based products and services on SingularityNET. People who hold AGIX tokens also get the right to participate in the governance and decision-making of SingularityNET to influence the future trajectory of the platform. Like GRT, AGIX is also an ERC-20 token. It has a maximum supply of 2,000,000,000 AGIX coins.
SingularityNET is considered the library of AI tools. Another unique feature is the RFAI (Request for AI portal) community portal, where users can access the extensive community of SingularityNET AI experts. RFAI enables anyone to create a request for a new AI tool or service. Those who request a new tool can incentivize its fulfilment by AI experts of SingularityNFT through AGIX tokens. It is like a commission-free crowdsourcing mechanism to complete customized AI-related requests.
Ocean Protocol (OCEAN)
Ocean Protocol aims to give the power of data back to its owner instead of a handful of big organizations with the help of AI and blockchain. This open-source protocol invites businesses and individuals to publish and buy data as data tokens. Ocean Protocol allows publishing any data in the form of ERC-20 'data tokens'. Once users upload the data on Ocean protocol, they receive a set of minted data tokens from selling to interested data consumers. Anyone willing to access that data will then be required to buy the data tokens for that data through Ocean Market. It is the market created by the Ocean team where anyone can trade data tokens for different data uploaded on Ocean publicly.
The users who need access to specific data uploaded on Ocean go to Ocean Market and buy the data tokens for that data through the native currency of the Ocean protocol, which is the OCEAN token. Its software also facilitates data exchange, linking users who need data but do not have resources to store it to those with spare resources. In exchange for lending the excess resources, the Ocean protocol awards OCEAN, its native currency, to the lenders.
Native Token
OCEAN is the basic unit of exchange in Ocean protocol. Through it, the users can buy or sell the data tokens available on Ocean Market and get the right to access the data they want. While data tokens are used to tokenize every data uploaded on Ocean protocol, OCEAN acts as the default unit of exchange through which the data tokens can be bought or sold. The platform allows users to stake OCEAN tokens to gain governance rights and earn staking rewards. The maximum supply of OCEAN tokens is 1.41 billion OCEAN tokens.
Ocean Protocol has three components: Providers, Consumers, and Marketplaces. Providers are those who mint data tokens and sell the accessing rights of an off-chain dataset. Consumers are those who redeem the data tokens to access the datasets. Lastly, marketplaces are online markets that connect providers and consumers to facilitate transactions.
IExec (RLC)
IExec is another popular AI crypto project that runs an online marketplace, allowing owners of valuable AI assets to monetize their AI holdings. IExec infrastructure leverages blockchain and confidential computing technologies, making it possible to run AI models on anyone’s machine without the primary admin of that model being able to access the code. The ability for AI models and tools to run without the main admins accessing the code resolves the trust issues faced by borrowers, who were concerned that admins might alter the code while using the tool. Owners of trained AI models can charge a fee each time their model runs on the other person's machine.
Native Token
RLC token is an ERC-20 token native to the IExec blockchain. It is used to pay for using the services provided by the platform. RLC is also used to settle every transportation on iExec’s marketplaces. Staking RLC tokens as a deposit is essential to participate in working on IExec. The total capped supply of RLC tokens is 87 million. The IExec network has distributed all the RLC tokens in the market. It means that no new RLC tokens can be minted and issued. The only way to get RLC tokens is to purchase them from the open market or earn rewards by participating in the IExec marketplace.
While RLC is the primary token of the IExec blockchain, another unit of exchange called the Enterprise RLC (eRLC) token also exists. It is a business-friendly alternative to the RLC token. IExec users can seamlessly exchange eRLC to RLC based on 1:1 proportion.
Numeraire (NMR)
The following AI cryptocurrency is Numeraire (NMR). It is the native token of the Numerai AI blockchain that acts as a hedge fund. It uses Artificial intelligence and machine learning to invest in the global stock markets. As an Ethereum-based platform founded in 2015 in San Francisco, Numeraire hedge funds heavily use machine learning in their investment strategy. To generate these investment strategies and algorithms, Numeraire organizes monthly machine-learning and data science tournaments where developers submit trading algorithms related to the stock market.
The ecosystem of the Numeraire comprises three components- Signal, Tournament, and Erasure protocol. The signal is the avenue where Numeraire uploads stock market strategies supporting a specific stock trading style. The tournament is a weekly competition where different users submit trading algorithms about the stock market, allowing anyone to bet on the most likely results. Erasure protocol is a collection of smart contracts built on the Ethereum blockchain where the ecosystem of Numeraire operates.
Native Token
NMR is the native currency of the Numeraire network. Numeraire (NMR) owners can stake their tokens weekly on a specific market prediction. If their staked prediction turns out to be successful, the network rewards them with more NMR tokens.
The Numeraire platform works on an artificial intelligence aggregation model, Metamodel. This model infuses all the predictions it gets from the developers who participate in the machine tournaments organized by Numeraire in its network. The platform then follows those predictions as an algorithm to trade equities in the stock market.
Owners of NMR tokens can use their tokens to stake on a particular prediction. They can also use NMR to pay for different services the Numeraire blockchain offers. Additionally, they can exchange their NMR tokens for fiat money or other currencies.
dKargo (DKA)
As its name sounds, dKargo is a blockchain network that uses the power of Artificial Intelligence (AI) to solve trust issues within the logistics sector. It provides credible data to its users, with the help of which they can improve the efficiency of their logistics and supply chains. It uses an immutable and transparent blockchain to eliminate the trust issues generated by fragmented logistics nodes.
Native Token
Dkargo has DKA as its native token.
Since insufficient data is a big problem faced by the supply and logistics sector, DKargo operates on a reward system where participants gain incentives in DKA tokens for contributing to building an efficient logistics network by uploading data. dKargo aims to provide a data transaction market for data uploaders and data consumers. The data consumers can use this market to search for suitable data owners and earn the right to use that data by paying DKA tokens to the data providers. The paid DKA tokens to the data providers incentivize them to voluntarily provide data to the platform.
All the transactions in the dKargo platform occur in the DKA token. The platform takes a small portion of the transactions as its transaction fee. The value of the DKA token rises with the growth of the dKargo platform. Every participant in the dKargo ecosystem needs to stake DKA tokens to guarantee their service. If the participants fail to perform their task, the platform uses that stake amount to compensate for it.
Phala Network (PHA)
Phala is an AI-augmented blockchain-based decentralized cloud computing platform. It offers a decentralized alternative to traditional cloud computing services like Amazon AWS and Google Cloud, with user privacy as the key focus. It uses a para chain of the Polkadot ecosystem to give computing power like the existing centralized cloud-based service providers.
To accomplish a decentralized cloud computing facility, Phala uses two kinds of worker nodes- Gatekeeper nodes and Miner nodes. While Gatekeeper nodes maintain the blockchain consensus and interoperability with other blockchains, Miner nodes take care of the computation-related responsibilities by renting their computer power to the network. This way, it separates consensus and computation responsibilities across the network. The Gatekeeper nodes do the work needed to ensure the validity of transactions occurring on the Phala network. At the same time, Miner nodes work in their CPUs where an enclosed enclave is called a Trusted Execution Environment (TEE). It is an encrypted area within the processors of modern computers that ensures that no one, including the owner of the mining machine, can tamper with the data inside the enclave. All the data on the Phala network, including the machine learning data and smart contract execution data for DeFi apps, is private through TEE.
Native Token
PHA plays the role of the utility token of the Phala Network and runs its economy of the cloud computing service. PHA has a maximum supply of 1 billion tokens. Anyone willing to use any service or resource of the Phala network can do that with PHA tokens. Those who provide the resources like computational power to secure the network get paid in PHA. The gatekeeper nodes and Miner nodes of the Phala network also require to stake their PHA tokens to perform their duties. Lastly, anyone owning PHA tokens can participate in the on-chain governance of the Phala para chain and vote on any proposed changes.
Injective (INJ)
The following AI crypto coin to invest in is Injective (INJ). It claims to be the first blockchain to offer auto-executing smart contracts for establishing a faster and more innovative application in finance. It powers next-generation DeFi functions like decentralized spot derivatives exchanges and lending protocols. Injective comes with a convenient ‘plug-and-play’ financial infrastructure that integrates Artificial intelligence (AI) into its systems.
The Injective protocol also includes a decentralized exchange (DEX) with features like cross-chain margin trading, forex futures trading, and derivatives. It is built on the Cosmos blockchain as a layer-2 application and uses cross-chain bridges to allow traders to access cryptocurrencies from other blockchains like Ethereum and Polkadot. Unlike other DEX platforms like Uniswap, Injective does not use AMM (Automated Market Maker) protocol. Instead, it uses the traditional order book approach in its trading modules.
Native Token
INJ is the primary token of the Injective ecosystem. To use Injective Injective, traders pay a standard market maker and taker fee using the INJ token. This token is also the governance token of the platform and is used in staking to secure the PoS consensus mechanism of the platform. Apart from these use cases, INJ holders can also use it as the margin and collateral for trading in the derivatives market. About 60% of the exchange fee burns the INJ supply to maintain its demand.
Render Token (RNDR)
In the list of best AI crypto coins, Render Token is also one. It is a fast-growing AI crypto project that provides decentralized GPU-based rendering solutions. The Render network connects users looking to do render jobs with people with spare GPUs to process the renders. The owners of GPUs can connect them to the Render network to receive and complete rendering jobs using the OctaneRender, a rendering software.
Native Token
RNDR is the native token of the Render infrastructure. The individuals who perform the rendering job get RNDR tokens as a reward. The OctaneRender, aka OTOY, also receives a fraction of the rewarded RNDR amount for facilitating the process.
Those who register their Idle GPUs on the Render network become ‘Node operators’ and earn RNDR tokens by accepting jobs from users who need to complete some rendering work. These people who request some rendering are called ‘Creators’. When they request the rendering work, the network assigns their request to node operators. Apart from this process, the render also offers various features, one of which is ‘stable diffusion’ that allows users to create AI images through text prompts. The Render network is highly likely to benefit from the ongoing AI movement.
To verify all the decentralized rendering work, the Render platform utilizes a combination of manual and automatic proof of render to verify that all rendering work completes successfully before beginning the payment process. A neutral third party stores the RNDR tokens during the rendering process and releases them to node operators after verifying by the commissioning artists. All the assets rendered on the Render network come with watermarks until the final payment does not get completed.
Alethea AI (ALI)
With Alethea AI, our list of the best AI crypto coins ends. Alethea AI is a decentralized AI-centric crypto venture that aims to create and monetize AI models. It seeks to build a transparent and distributed ecosystem for artists and developers for creating and interacting with AI-based digital assets. Being a research and development studio, Alethea focuses on the two most dynamic technologies, Generative AI and Blockchain, to enable democratic governance of AI. Alethea AI has a ChatGPT-like AI tool called CharacterGPT, where users can enter a text prompt to generate AI characters. It gives democratized access to this tool through a dApp called MyCharacter.ai, built on the AI protocol. But that's not it.
Alethea is also working on a decentralized protocol that will support the creation of new NFT standards called Interactive and intelligent NFTs (iNFTs). These iNFTs will combine generative AI capabilities into NFTs. Everyone can create and train these iNFTs in Noah’s Ark, the world’s first intelligent Metaverse introduced by Alethea.
Native Token
ALI is the native ERC-20 token of the iNFT protocol and other projects built on them. A user locks a certain amount of ALI tokens to the AI protocol for creating icons. The more ALI tokens a user will lock, the higher the intelligence level iNFT they can create on Noah’s Ark. ALI tokens will also have importance in the democratic governance of Noah’s Ark and iNFT protocols. As per the whitepaper of Alethea, the initial total supply of ALI tokens is 10,000,000,000 ALI, and no new ALI token can be minted.
Summarizing
AI has taken center stage in the current technological world. As a result, Blockchain developers have started incorporating this dynamic technology into their innovative decentralized developments. Since these decentralized developments are resulting in the creation of new blockchains and tokens, investors can now put money into Artificial intelligence by purchasing AI crypto tokens and coins. However, when choosing an AI crypto coin, it is important to take necessary caution, given the huge number of gimmicky projects existing in the crypto space. With the rising popularity of AI, investors can maximize their profits by investing in the right AI crypto coins after thorough research.
Burning Questions on AI Crypto
Which are the best AI coins to invest in?
GRT, NMR, ALI, RNDR, PHA, and RLC are some of the best AI coins in the crypto market. All of them are associated with some dynamic AI crypto projects. An important thing to note before investing in these AI cryptocurrencies is that the Crypto market is highly volatile, and one should invest only after doing thorough research on the projects.
What is an AI crypto?
An AI crypto is a cryptocurrency associated with a blockchain project that integrates or plans to integrate AI, deep learning, and machine learning to enhance its functionalities.
Should I invest in AI crypto coins?
Whether you should invest in AI crypto coins depends on your risk appetite and faith in a decentralized AI future. If you think AI and blockchain can create dynamic mainstream products, investing in AI crypto coins is a great way to participate in such projects.
