In this blog, we discussed everything you need to know about AI crypto tokens, from their introduction and significance to their use cases, future trends, and opportunities.
AI crypto tokens, a new buzzing word in the cryptocurrency ecosystem, have captured all the crypto-related news headlines and the interest of cryptocurrency enthusiasts and investors.
According to an investment manager VanEck, the revenue from AI crypto projects could be $10.2 billion by 2030 in their base case.
But what are these AI crypto tokens, and why are they gaining popularity? If you are thinking about these questions, this blog is worth a read. Quytech has explained AI crypto tokens in detail.
So, let’s get started.
What are AI Crypto Tokens?
AI crypto tokens are the type of cryptocurrencies that use artificial intelligence and help in decision-making, predictions, and automation in the blockchain ecosystem.
Crypto tokens came into existence when Bitcoin was introduced in 2008-09. Since then, there have been numerous crypto tokens available in the market like Theta (THETA), Render (RNDR), Oasis Network (ROSE), and more.
Now, the top AI developers integrated the potential of AI into these crypto tokens to enhance user’s trading experience, evaluate risks, and adapt according to the data.
How Do AI Crypto Tokens Work?
The AI crypto tokens function in the following ways:
- Token development
Developers build AI crypto tokens using blockchain platforms like Ethereum and program them with smart contracts.
- Functionality
AI crypto tokens have specific utility and functionality, such as being used to access AI services or for rewarding contributions, within their respective ecosystems.
- AI Integration
AI is integrated into the token ecosystem either through using AI algorithms for data analysis, predictive modeling, or decision-making within smart contracts and decentralized applications (DApps).
- Data Utilization
AI crypto tokens often rely on data that is used to train AI models, improve services, or generate insights.
- Token Transactions
Users can buy, sell, or trade AI crypto tokens on cryptocurrency exchanges or decentralized exchanges (DEXs).
- Tokenomics
AI crypto tokens have their own tokenomics designed to align the interests of participants and ensure the sustainability of the token ecosystem.
- Governance
Some AI crypto tokens incorporate governance mechanisms that allow token holders to participate in decision-making processes.
- Incentive Mechanisms
AI crypto tokens often use incentive mechanisms to reward participation and contributions to the network.
- Security
Blockchain technology ensures the security of AI crypto tokens by decentralizing control and eliminating the need for intermediaries.
Moreover, smart contracts automatically execute transactions according to predefined rules, reducing the risk of fraud or manipulation.
Therefore, this is how AI crypto tokens function and create decentralized ecosystems where users can access AI services, contribute data, and participate in governance.
Why is There a Need For AI Crypto Tokens
AI crypto tokens serve various purposes in the AI and blockchain ecosystem. Here is why there is a need for AI crypto tokens.
- Tokenize Services
AI crypto tokens are used to access and pay for products and services within decentralized marketplaces and platforms. This allows for seamless transactions, removes intermediaries, and ensures transparent pricing.
- Incentivizing Data Sharing
AI models require vast amounts of quality data for training purposes. Individuals or organizations share this data and AI crypto tokens are used to incentivize them to share data on secured decentralized blockchain networks.
- Enhanced Privacy and Security
AI crypto tokens facilitate secure data exchanges, identity verification, and access control mechanisms while reducing privacy risks and enhancing overall security.
- Interoperability and Interconnectivity
AI crypto tokens standardize protocols to allow a seamless data exchange, algorithms, and services across various blockchain ecosystems.
These tokens are also used for rewarding collaborations between individuals and organizations.
- Maintains Market Liquidity
AI crypto tokens allow users to have fractional ownership, automate trading, and liquidity provision via DEXs (decentralized exchanges), ultimately enhancing market liquidity and efficiency.
Hence, these are the purposes fulfilled by the AI crypto tokens.
How to Invest in AI Crypto Tokens
You would be wondering about the investment in AI crypto tokens. Hence, here is how you can buy and invest in AI crypto tokens.
02. Choose a Reliable Cryptocurrency Exchange
The first step is to choose a reliable and trustworthy cryptocurrency exchange, like Coinbase, Kraken, or Binance, to buy and invest in AI crypto tokens.
02. Create an Account
After choosing a cryptocurrency exchange, you need to create an account on it to invest in AI crypto tokens. For account creation, you need to provide the necessary details.
Also, you may go through the KYC (know your customer) process, depending on the terms and conditions of exchange you choose.
03. Add Funds
Post account creation, you have to add funds to your account wallet. Leading AI crypto token exchanges allow users to trade in fiat currencies like Dollar, Euro, Yen, and more, and cryptocurrencies like Bitcoin, Dogecoin, Ethereum, etc.
04. Search For the AI Crypto Token
Look for the AI crypto token in the cryptocurrency exchange you want to invest in. You can use the code of the token to find it.
For example, you can use the code GRT to find the Graph token in the crypto exchange.
05. Make the Purchase
Select the AI token, the number of tokens you want to purchase, and the order variety, i.e., market order (executes immediately) and limit order (executes when the market price reaches the chosen price).
06. Review Your Order
Before confirming your order, review your order specifications, such as token quantity and overall price. Once reviewed, confirm your order.
07. Order Execution
If you choose market order, your purchase will execute immediately. On the other side, if you choose a limit order, you need to wait until the market price hits the price you have selected.
Therefore, this is how you can invest in AI crypto tokens. Now, let’s proceed and explore the use cases of AI crypto tokens in various industries.
Applications of AI Crypto Tokens in Various Industries
The following are the top applications of AI crypto tokens in various industries.
- Healthcare
In the healthcare industry, AI crypto tokens are used to reward researchers and healthcare institutions for sharing useful data for medical research, drug discovery, and disease diagnosis.
AI crypto tokens enable secure and transparent access control mechanisms to ensure high-end security and privacy of patient data.
Moreover, these tokens can used to reward users for using health monitoring devices and adopt healthier lifestyles.
- Supply Chain Management
AI crypto tokens play a crucial role in supply chain management. They are used to record product-related data on a blockchain ledger. This enhances traceability and transparency.
Moreover, AI crypto tokens reduce costs by assisting with the execution of smart contracts for automated supply chain transactions.
- Real Estate
AI crypto tokens are used in the real estate sector to streamline property management processes by automating tasks such as tenant screening, rent collection, and maintenance scheduling.
These tokens also democratize tokenized property assets and allow users to have fractional ownership via blockchain platforms. Users can buy these tokens and allow liquidity in the market.
- Transportation
In the transportation sector, AI crypto tokens power decentralized mobility-as-a-service (MaaS) platforms that optimize transportation networks, route planning, and ride-sharing services.
Moreover, users get rewarded through AI crypto tokens for sharing transportation resources and reducing pollution in urban areas.
- Media and Entertainment
AI crypto tokens play a vital role in the media and entertainment industry for decentralizing digital rights management (DRM) solutions that protect IP (intellectual property) and ensure fair compensation for creators.
AI crypto tokens are also used for the distribution of royalties to content creators through smart contracts in the media and entertainment sectors.
- Finance
AI crypto tokens provide access to AI trading bots and predictive analytics platforms and simplify algorithmic trading strategies.
Traders use these tokens to access advanced trading algorithms and data analytics tools and create and evaluate their investment strategies and portfolio management.
Additionally, AI crypto tokens are used in the finance sector for developing blockchain-powered fraud detection systems that analyze suspicious patterns in real-time and prevent fraud.
- Education
Last but not least, AI crypto tokens are used to reward students for completing educational tasks, such as assignments, and participating in learning communities.
Also, the tokens are used to verify academic credentials and certifications on the credentialing system powered by blockchain technology.
Hence, these are the top use cases of artificial intelligence crypto tokens in various industries. Now, let’s proceed and explore the top AI crypto tokens.
Top 10 AI Crypto Tokens
The following are the top 10 AI crypto tokens popular in the market.
| S.no | AI Crypto Token | Symbol | Market Capitalization |
| 01 | Oasis Network | ROSE | $834,415,154 |
| 02 | Theta Network | THETA | $2,715,996,822 |
| 03 | Render | RNDR | $3,651,099,282 |
| 04 | The Graph | GRT | $3,337,454,543 |
| 05 | Injective | INJ | $3,046,251,237 |
| 06 | Bittensor | TAO | $3,629,365,130 |
| 07 | Fetch.ai | FET | $2,289,955,097 |
| 08 | SingularityNET | AGIX | $1,445,971,636 |
| 09 | AIOZ Network | AIOZ | $955,420,188 |
| 10 | NEAR Protocol | NEAR | $6,734,966,331 |
Hence, these are some of the top AI crypto tokens available in the market. Please note that this is for purely educational purposes only and rankings above are random.
Future Trends and Opportunities for AI Crypto Tokens
AI crypto tokens bring numerous trends and opportunities as both AI and blockchain technologies continue to evolve in the coming years.
With more usage of AI crypto tokens, the decentralized AI marketplaces, tokenization of AI assets, AI-powered governance, and more, will grow significantly.
The future of AI crypto tokens is defined by the combination of AI and blockchain technology, which will drive innovation, efficiency, and decentralization across several industries and applications.
However, it is crucial to address challenges like scalability, interoperability, and regulatory compliance to fully achieve the potential of AI crypto tokens in the future.
Summing Up
So, this is the ultimate guide to AI crypto tokens. These tokens play various roles in diverse industry verticals, each serving unique purposes.
As we look ahead, the potential of AI crypto tokens will increase dramatically, promising ever more advanced applications and wider use in the next years.
Moreover, we like to share that you can also create custom AI crypto tokens tailored to your needs and introduce them in the AI crypto market.
At Quytech, we take pride in developing custom AI tokens that harness the power of artificial intelligence and blockchain to revolutionize industries, drive innovation, and unlock new possibilities for our notable clients.
So, what are you waiting for? Reach out to our team today. Visit: https://www.quytech.com/