AI and crypto - pros and cons?

AI and crypto - pros and cons?

By Vladan Lausevic | Vlad's politics | 28 May 2023


The convergence of AI and crypto is expected to bring significant changes and opportunities in the crypto space. The article explores various ways AI and crypto can intersect and drive innovation in the web3 sector.

One potential integration area is the development of public AIs with token governance. This involves leveraging decentralized autonomous organizations (DAOs) to manage and train public AI models using a decentralized compute marketplace. Contributors would be incentivized with tokens, and token voting could be used for decision-making and establishing guidelines. If implemented successfully, this approach could increase transactional activity and be bullish for crypto.

Another area of exploration is the integration of machine learning (ML) with smart contracts using zkSNARKs, a type of zero-knowledge proof. Adding "zkML" capabilities to smart contracts can make them more complex and intelligent, enabling real-time decision-making based on on-chain data. This opens up possibilities for AI-optimized automated yield strategies in the DeFi space, automated parameter updates for DeFi protocols, and using oracles powered by XML. This integration is seen as bullish for DeFi and crypto.

With the rise of AI-generated media, there is a growing need for authenticity verification. AI-generated content can make it difficult to distinguish between what is real and what is not. To address this challenge, public verifications, such as signing content with public ENS names, may become more prevalent. This demand for authenticity verification is seen as bullish for crypto.

AI also makes it easier for individuals to create content and engage in creative endeavors. Non-technical creators can now use AI tools to develop projects, leading to increased activity and experimentation in content generation. This benefits indie NFT creators and various creative industries such as animation studios, metaverse projects, and web3 game companies. This widespread adoption of AI in content creation is considered bullish for crypto.

In conclusion, the convergence of AI and crypto has the potential to revolutionize various aspects of the web3 space. The integration of AI into decentralized systems, from content authentication to smart contracts, is expected to drive innovation and growth, making the future of crypto more promising.

 

Thanks for reading. You can support and reward my writing via: 

Pay Pal – [email protected]

Algo - NCG6LBALQHENQUSR77KOR6SS42FGK54BZ5L2HFDSBGQVLGYIOVWYDXFDI4

ADA – addr1q9vfs6nqz4xmtnpljwhv4tukyskd2g7enxd87rpugkwwvfun5pnla5d5tes2mvurrc77e7837yd0scrfk063qlha8wgs8d4ynz

Bitcoin 3HbxyDXE9MhNQ8RqsirqgYvFupQzh5Xby2

ETH - 0x8982cdb97bd23f092f78a16a4fc93c5c4607a285

Seeds – vladlausevic

Skycoin – ZxjhWMJRbTNCRQzy5MekZzH4fhdWFCqBP8

Tezos — tz1QrRzkTAKuPKF8dmGW6c1ScEHBUGvoiJBM

How do you rate this article?

5


Vladan Lausevic
Vladan Lausevic

Based in Stockholm, Sweden as a social entrepreneur. Working with decentralization of democracy, climate transformation and economy. For more info, please get in touch with me via [email protected]


Vlad's politics
Vlad's politics

My blog about politics, society and the world in general. For more info, write to me via [email protected]

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.