AI and Crypto Converge in 2024: A Major Boom Ahead?
Analysts predict that the convergence of artificial intelligence (AI) and web3 technologies will create a thriving subsector within the crypto industry. Both AI and crypto have matured, setting the stage for innovative developments that could reshape the digital asset landscape.
Sandra Leow, an analyst at blockchain analytics platform Nansen, highlights the emergence of AI agents as a significant development combining elements from AI and web3. These on-chain bots have the potential to process transactions and exchange value autonomously, potentially becoming a primary user category on the blockchain.
The Symbiotic Relationship Between Crypto and AI
Gemini’s 2024 Crypto Trend Report emphasizes the potential of integrating AI and web3 to enhance privacy, data ownership, and content identification. The report highlights the symbiotic relationship between decentralized crypto and centralized AI as a means to address the weaknesses of centralization in AI. It also explores opportunities for privacy-enhanced machine learning through web3 innovations like zero-knowledge proofs.
Generative AI-Powered Deep Fakes
The report suggests that as generative AI technology progresses, there will be an increase in deep fake scams. This will necessitate on-chain attestation technologies to verify content authenticity, as people will default to assuming content is fake unless authenticated.
Blockchain Gaming and the Metaverse
AI-generated metaverses and web3 gaming are expected to experience significant growth in 2024. London Real Ventures CEO Brian Rose predicts a game-changing merge of AI and web3, with web3 gaming bringing onboard billions of users onto the blockchain. He believes that AI will play a crucial role in building gaming metaverses.
Hot Take: The Convergence of AI and Crypto in 2024
As we look ahead to 2024, the convergence of AI and crypto presents exciting possibilities for the industry. The integration of AI and web3 technologies has the potential to revolutionize privacy, content authentication, and gaming experiences. With the maturation of both AI and crypto, we can expect a major boom in this subsector. From AI agents autonomously processing transactions to on-chain attestation technologies combating deep fake scams, the future looks promising. The merge of AI and web3 in blockchain gaming and metaverses is set to transform the industry and onboard billions of users onto the blockchain. Brace yourself for an era of innovation and growth as AI and crypto converge in 2024.
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