Trends indicate that artificial intelligence (AI) will be a major topic in 2023, with data showing a surge in interest. Since interest peaked and Microsoft invested billions of dollars in Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past 30 days, and another AI project Singularitynet has seen its token AGIX rise 293% against the US dollar.
Interest in AI-focused cryptocurrency projects is surging
During the week of January 22-28, 2023, the global Google Trend score for the term “AI”was 94 out of 100In the first week of December 2022, this search term had the highest Google Trend score of 100; Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and other AI-powered art platforms have been released since then, it is safe to say that the world’s attention to artificial intelligence (AI) is growing. In the past two months, the AI phenomenon has been taking off with the widespread use of Openai’s platforms Chatgpt and GPT-3.
According to Google Trends, the global score for the search term Chatgptwas 100 for the week of January 22-28, 2023 and has continued to rise since the first week of December 2022. Also, according to the report, Microsoft appears to be in the third phase of a long-term partnership withOpenai, which has raised as much as $10 billionthrough “multi-year, multi-billion dollar investments”. The trend and growing demand for artificial intelligence (AI) is spilling over into blockchain projects that integrate AI into protocols.
For example, the crypto asset created by the projectsingularitynet.iosaw its native token AGIX rise 293% in the past month.34} singularitynet (AGIX)fell 6% on January 29, 2023 percent or more, but has risen 17.5 percent in the past two weeks. The project aims to support the next generation of decentralized AI. Another blockchain-based AI project, Vectorspace AI (vspb.science), has a token calledVXVwhich has risen 95.9% in the past month. And theFetch.aiproject has experienced similar demand in the past 4 weeks.
In the past 30 days, the Fetch.ai project’sFET tokenshave risen; FET tokenshave risen 212% against the U.S. dollar; the Fetch.ai team believes that the project’s peer-to-peer application with automation and AI capabilities for “autonomous agent technology” with or without direct access to the blockchain, it said.” Another AI-based blockchain project,Ocean Protocoland its; OCEAN tokenshave risen 130% against the US dollar in the past 30 days. Ocean Protocol was named a Technology Pioneer by the World Economic Forum and aims to liberate data on a massive scale through the monetization of encrypted data.
It is unclear how long the demand for AI-based crypto assets and the popularity of these tokens will continue; all AI-related crypto assets currently rank in the top 75 or lower by market capitalization and have recently seen a surge in price due to increased interest in AI/Chatgpt.
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