🌎 The last few months have shown us the various use cases of artificial intelligence or AI-powered technology. AI is no longer a buzzword but a multi-trillion-dollar megatrend that might take the world by storm.
👀 This path-breaking tech will also be used extensively in the blockchain space. In fact, multiple blockchain projects are already using AI to enhance the liquidity of project tokens.
⛔️ But there are several concerns surrounding AI, including the centralization of power in the hands of big tech with a significant global influence. As AI-powered systems use vast amounts of data, there are risks related to data privacy and security as well.
💻 Decentralized AI presents a possible solution to the concentration of power by distributing capabilities across a wide range of nodes, providing individuals with increased authority over their personal data.
Let’s take a look at a few projects working at the intersection of AI and blockchain.
SophiaVerse
🔗 SophiaVerse aims to develop a decentralized and smart AI ecosystem built on-chain, focusing on gamified research and development. It will begin with the launch of the Sophia AI Lab, which will be accessible to the public, signifying a move towards an inclusive AI future.
The SophiaVerse aspires to create a decentralized Web3 platform fuelled by the SOPH utility token and regulated via decentralized policies.
Exilion Technologies
🇨🇦 A Canada-based full-stake software development company, Exilion Technologies primarily develops AI and blockchain solutions. Its services include turnkey product development, product integration, and architecture consulting.
It has successfully delivered DeFi (decentralized finance), NFT (non-fungible token), smart contract and crypto exchange products involving blockchain and fintech.
InQubeta
🌐 InQubeta is a ground-breaking platform enabling you to participate in shaping the future of AI technology. Being the first-of-its-kind AI crypto crowdfunding platform globally, it offers a straightforward and secure way to invest in AI startups.
Its fractional investment system lets you own a stake in some of the world’s most thrilling and promising AI startups.
Each investment option is minted into an NFT and then fractionalized, allowing you to invest according to your financial plan. Meanwhile, you get to relish the advantages of being an early adopter.
Ripple Enters The AI Space
💰 Futureverse, an innovative startup that spans multiple industries, recently raised $54 million in its Series A funding round. A combination of 11 other startups from verticals such as blockchain, gaming, AI, and the Metaverse, Futureverse’s funding round was led by crypto investment company 10T Holdings. Other investments included Ripple Labs, the company behind the XRP token which is among the top five cryptocurrencies globally, by market cap.
Futureverse is looking to provide the tech infrastructure to enhance user experiences in the Metaverse.