🧠 The evolution of AI

Stay in the Know.

• 🤖 Man X Machine

• 🧠 Web3 AI use cases

• 🧩 AI Crypto Token Data

Get ready for a deep dive as we follow the traces of AI...

The Evolution of AI

From the earliest days of computing, people have been fascinated by the idea of machines that can think and reason like humans, as scary as that is, it’s pretty cool, no? 

The idea of artificial intelligence (AI) dates back to the 1950s, when researchers began developing algorithms that could simulate human thought processes. However, it wasn't until the 1980s that AI began to gain traction thanks to advancements in computing power and the development of new algorithms that could learn from data.

Since then, AI has grown by leaps and bounds. Today, AI is used in a wide range of applications, from your favourite voice assistants like Siri and Alexa to self-driving cars, medical diagnosis, and even financial trading. AI has become so prevalent that we often interact with it without even realizing it, until ChatGPT came along and broke ridiculous records… Now that is an AI platform that we definitely knew we were using.

Here is ChatGPT in action when prompted with the question 'Is AI the future?'

Real-Life Impact of AI

The impact of AI on our world is undeniable. It has transformed the way we live, work, and interact with each others. Now, if you have seen the movie ‘I, Robot’, I’m sure the idea of AI being revolutionized and introduced at significant rates into the world is scary, right? I mean, imagine a world of robots walking, talking, and interacting which suddenly turns on the human race and destroys EVERY…. I’ll stop before getting carried away… BY A ROBOT!

Kidding… But in all seriousness, AI is much more impactful than many believe and it will only keep on improving as there are almost unlimited solutions from AI, and in most cases, it makes things more effective and efficient, so who wouldn’t want AI help right?

How about the Impact of AI on Web3?

We know the Web3 space is moving at an extraordinary pace and ever growing. As we move into the Web3 era, AI is poised to have a significant impact on the way we interact with the internet.

Here are some ways that AI is currently being used in Web3, and how it might be used in the future.

Decentralized Applications → AI can be used to help decentralized applications (dApps) learn from user behaviour and optimize their performance. For example, an AI algorithm could analyze user data to suggest personalized content or products.

Smart Contracts → Smart contracts learn from past transactions and predict future behaviour. This could help reduce the risk of fraud and increase the efficiency of transactions.

Blockchain Analytics → AI could be used to analyze blockchain data and identify patterns that might be missed by human analysts. This could help detect fraud and other illegal activities more quickly and accurately, which is certainly a cool aspect for AI in Web3.

As of right now, there are many implementations of AI within Web3 and it is no coincidence that AI tokens started to take the crypto market by storm too. Certainly not something we can ignore now or in the future.

Here's a funny joke 😆

Why don't AI and blockchain get along? Because they keep hashing out their differences. Get it? Hashing...

Sorry we will refrain from jokes... A little less impressive, but AI recommended that joke to us, so we had to share it, so if you blame anyone, then blame the AI with limited humour.

Here are some successful Web3 AI use cases that we've seen so far 👇

1️⃣ Ocean Protocol

Ocean Protocol, based in Singapore, builds a secure data exchange platform for sharing and monetizing data while keeping privacy intact. It also pioneers Web 3.0 tech and collaborates with big players like Deloitte and Accenture, and even the Singapore government.

Insert AI here 👇

1. Supply chain data shared on Ocean Protocol.

2. AI identifies trends and bottlenecks.

3. Generates insights for better decisions.

4. Automates tasks, resolves issues.

5. Ocean Token enables data sharing.

Ocean Protocol uses their native crypto token $OCEAN to add further value and help to make the ecosystem run effectively by facilitating data sharing and enabling access to data services on the platform.

2️⃣ Medibloc

Medibloc uses blockchain to make healthcare better by sharing secure data. Its cryptocurrency $MED not only facilitates transactions but also rewards users for contributing data and services. In addition to using AI to provide personalized treatment recommendations to help patients and automate tasks, there's a social aspect to connect them too, where they can share their medical experiences It's like Facebook, but for health!

Insert AI here 👇

1. Medibloc shares private healthcare data.

2. AI identifies trends for risk factors.

3. Generates personalized treatment recommendations.

4. Automates tasks like medication reminders.

Mixing health and Web3 is super exciting as both are always expanding and Web3 plus AI can provide some fantastic solutions which can add immense value to MANY lives at risk, as well as prevent issues too. If it can help the healthcare industry become more efficient and effective, thus helping more people, then it is more than welcomed!

3️⃣ Chainalysis

Chainalysis, a NYC-based blockchain analytics platform, helps exchanges, law enforcement, and financial institutions detect and prevent blockchain fraud. Its proprietary database of fraudulent activity helps identify suspicious activity. With big corporate partnerships and investor funding, they are making blockchain safer, all while being a super detective!

Insert AI here 👇

1. Chainalysis collects blockchain data.

2. AI detects fraudulent patterns.

3. Generates alerts for suspicious transactions.

4. Identifies blockchain trends and patterns.

With many trust issues already within the Web3 space, anything providing data to find, prevent and potentially enable recovery is a huge win and Chainalysis are currently providing this through their platform.

So, what about the future of AI and Web3?

As we look to the future, it's clear that AI will continue to play a major role in shaping the Web3 space. As new technologies emerge and more data becomes available, AI will become even more powerful and transformative.

Imagine a world where AI-powered dApps can provide personalized content and services tailored to each individual user. Or a world where smart contracts can automatically adapt to changing market conditions and make decisions in real-time.

It's an exciting time to be alive, and we're only just scratching the surface of what's possible with AI and Web3. So, sit back, relax, and let the robots do EVERYTHING for you! Kidding, we are still a long way to go from that yet, if that ever happens, but in all seriousness, AI can help make many processes easier, just look at Alexa as an example, nearly 100M people are using this one particular AI to make life easier!

So, embracing and introducing AI where possible in life, including the wonderful Web3 world, may just help you more than you anticipated.

AI Crypto Token Data 🧩

AI Token snippets.

Here are the Top 5 AI Tokens by Market Cap, you can check out any of these tokens on Flooz.Trade to discover more about the project, and it's price history.

As you can see, we have two tokens in the top 100, with the other three within touching range in #108, #110 and #122. Could be see a climb into the top 100 for these in the future? Possible for sure considering they were all in the top 100 at some point this year.

Here is the total Market Cap and Trading Volume of AI Tokens only 👇

As you can see AI tokens currently procure just under $5B worth of the market, which equals to roughly 0.5% of the total market cap. This means there is plenty of growth still available, so the future could be looking bright for AI related projects.

Now for the Trading volume, we are seeing $600M on the 24H scale, which again shows the room for growth which seem inevitable considering the AI adoption around the world currently.

Will we get another AI wave of interest in the future?

 📲 Get the Flooz App

Thank you for reading All Things Flooz. Your newsletter to get smarter about crypto in just 3 minutes, dispatched a few times a week.

Don't just take our word for it 👇

Hey 👋 CatCoin

CatCoin is completely owned and run by its amazing community. Find out more here.

This is a sponsored post. This is NOT financial advice.

Like getting this newsletter? Browse all our weekly and daily emails to get even more insights from your All Things Flooz subscription.

Written by Lewis 🕵️

DYOR – authors of All Things Flooz newsletter own cryptocurrencies and stocks.

Stay sharp 🧐

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.