The Integration and Innovation of AI and Cryptocurrency Industries in 2024: Enhancing Privacy and Data Ownership
With the advancement of technology, 2024 is expected to witness a close collaboration between artificial intelligence (AI) and blockchain technology (web3), which will drive the thriving development of the cryptocurrency industry.
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The Symbiotic Relationship between AI and Cryptocurrency
AI-Driven Metaverse and web3 Games
Strong Performance of AI-Related Tokens in 2023
Future Prospects of AI and web3 Collaboration
According to Gemini’s “2024 Cryptocurrency Trend Report,” the integration of AI and web3 will improve privacy and data ownership, protect and identify human-generated content, and provide alternative solutions for large-scale cloud development. This technological fusion is expected to elevate cryptocurrency from a niche status to a practical tool in everyday life, achieving fair and democratic technological and financial participation.
Brian Rose, CEO of London Real Ventures, predicts a significant increase in AI-generated metaverse and web3 game content in 2024. AI will play a crucial role in building these digital frontiers, attracting the next generation of blockchain users and changing the landscape.
Analysts point out that AI project tokens have performed well in the bear market since early 2023, indicating confidence and momentum in the integration of AI and blockchain. For example, Fetch.ai’s native cryptocurrency FET has surged over 590% in the past year. The performance of these tokens reflects growing public interest in AI and the continuous development of AI-focused blockchain projects.
Although the market capitalization of tokens combining AI and web3 is still smaller than that of major digital assets, their recent performance indicates investors’ expectation for the transformative potential of this integration across the industry.
Related Reading:
a16z 2024 Industry Predictions: Blockchain will Enhance AI Security, SNARK, Account Abstraction
Daily Coin Research: Three Blockchain Projects Advancing AI Development
AI+Blockchain: BitMEX Founder Arthur Hayes Explains How to Liberate Global Capital Markets: AI DAO and DEX
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Gemini
Web3
Additional Reading:
China Accelerates Web3 Industry, Ministry of Science and Technology Responds to National People’s Congress Proposal: Adapting to China’s National Conditions
Taipei Blockchain Week: Binance CEO Promises Continued Investment in Taiwan’s Web3 Ecosystem
