Artificial intelligence (AI) cryptocurrencies represent one of the hottest emerging sectors within the blockchain industry today. As AI solutions see accelerating real-world deployment across enterprise and consumer settings, related crypto projects are benefiting too.
Investors intrigued by the prospect of decentralized machine learning and analytics ecosystems have fueled immense gains for top AI cryptos this cycle. But what exactly are the leading AI blockchain networks and how can American citizens purchase these tokens?
Key Takeaways:
- Leading AI crypto projects include The Graph, Bittensor, Fetch.AI, SingularityNET, and Ocean Protocol.
- These blockchain networks leverage AI for machine learning, big data, analytics, decentralized computing, etc.
- AI crypto investment interest is surging given widening real-world adoption.
- U.S. investors can purchase tokens like GRT, TAO, AGIX on a crypto exchange like Gemini, Kraken.
What Are Prominent AI Cryptocurrency Projects?
The AI crypto sector encompasses various blockchain platforms leveraging artificial intelligence in different ways. Below we summarize a few major contenders:
The Graph (GRT) - Indexing protocol for organizing blockchain data to power AI dapps. Market cap - $1.5 billion.
Bittensor (TAO) - Facilitates decentralized AI model training via crypto economic incentives. Market cap - $41 million.
Fetch.AI (FET) - Develops AI agents and optimization solutions for supply chains, healthcare, travel etc. Market cap - $295 million.
SingularityNET (AGIX) - Marketplace connecting AI services including image recognition, voice synthesis, analytics. Market cap - $227 million.
Ocean Protocol (OCEAN) - Enables sharing/monetizing of AI datasets and models privately and securely. Market cap - $211 million.
Surging Interest Amid Growing AI Adoption
Investor enthusiasm for AI cryptos stems from rapid enterprise adoption of AI solutions plus emerging Web 3.0 and metaverse applications. Gartner forecasts global AI software revenue to hit $62 billion by 2023. As businesses increasingly integrate “ai as a service” offerings, related decentralized network activity may balloon exponentially.
Additionally, AI could enhance trust and transparency for Web3 builders through unbiased algorithms. For metaverse worlds, AI-powered NPCs create richer experiences while tools like natural language processing facilitate intuitive interactions.
Overall the combination of AI and blockchain unlocks immense possibilities still in very early stages. Hence many crypto proponents predict 10x or even 100x gains for robust projects as real-life deployments advance.
How to Buy AI Cryptocurrencies in United States
For United States citizens, the easiest avenues for purchasing AI cryptocurrencies include:
Centralized Exchanges
Our crypto exchange reviews explain how to get started with platforms like Gemini or Kraken, open an account and buy AI cryptos using USD or stablecoins. These exchanges offer robust liquidity for top tokens like GRT and accessible onboarding. However, decentralized exchanges like Uniswap may have deeper liquidity for smaller altcoins.
Decentralized Exchanges
DEXs such as Uniswap allow swapping Ethereum tokens for AI cryptos via non-custodial wallets like Metamask. This avoids exchange account registration but requires owning crypto already. Watch for high Ethereum gas fees.
Cross-Chain Bridges
Bridges can move assets cross-chain between networks for best liquidity or rates. For example, Hop Protocol bridges tokens via portal between Ethereum, Polygon, xDai and others with fast finality and low fees.
Analyze options across centralized exchanges, DEXs like Uniswap and cross-chain bridges to find the best fit. Factor trading volumes, token availability, liquidity conditions, fees and transparency at each pathway.
Conclusion
AI crypto projects aim to solve enterprise and consumer problems through decentralized machine learning, big data analytics and collaborative computing. As AI adoption grows exponentially in coming years, related blockchain tokens appear poised for possibly enormous growth. U.S. investors have multiple avenues to participate ranging from mainstream exchanges to DEX trading. Just remember conducting thorough due diligence before purchasing any speculative crypto assets.
Have you invested in AI cryptos yet? Which projects seem most promising? What questions remain regarding this emerging convergence of AI and decentralized blockchains?