End of Week Recap - Nov. 12^th

Top News Headlines

• Crypto stocks soar on market rally, solid earnings reports - Read More

• JPMorgan adds ‘holy grail’ payments feature as part of blockchain push - Read More

• BlackRock appears set to propose a spot ether ETF - Read More

• Poloniex wallets drained of as much as $100 million in crypto assets - Read More

Top Crypto Prices by Market Cap.

Source: Coingecko Price Feed, Nov. 12th 2023, 10:30pm EST. Data excludes Lido Staked Ether, and stablecoins USDC and USDT.

Spotlight: Artificial Intelligence x Crypto

Since the launch of ChatGPT in November 2022, Artificial Intelligence (AI) has dominated business headlines, and new start-ups claiming to have mastered the technology are popping up left and right.

Language bots and AI image generators like Midjourney and Dall-E, have shown the world what artificial intelligence is capable of, and companies are now scrambling to integrate it into their businesses.

Heck, ChatGPT could be writing this newsletter right now and you probably wouldn’t even know the difference...

However, a less talked about use case for artificial intelligence is its combination with blockchain technology.

By combining the powerful analytical capabilities of AI, with the secure and decentralized nature of blockchains, the two could be applied to just about any industry to enable data-driven decision-making and more efficient management.

The market cap of crypto projects directly involved in AI today is about $772M. That’s only 0.07% of the total crypto market cap, according to Messari, but the number has been growing fast...

Let’s take a look at three projects leading the AI x Crypto revolution:

 Fetch.AI (FET)

Fetch AI is one of the best-known projects to leverage AI and blockchain, Fetch AI uses these two emerging technologies to power an array of autonomous agents — which can be used to improve and scale various industries. The platform aims to create an open and interoperable network where data and services can be easily accessed and monetized, helping to fuel new economic growth and business models.

 Bittensor (TAO)

Bittensor is an open-source protocol that utilizes blockchain technology to create a decentralized machine learning network. This network enables machine learning models to train collaboratively and be rewarded in TAO tokens according to the informational value they offer the collective.

The ultimate vision of Bittensor is to create a market for artificial intelligence, allowing producers and consumers of this commodity to interact in a trustless, open, and transparent context. The current price of Bittensor (TAO) is $146.82 and is up ~37% in the past seven days.

 PAAL AI

PAAL is an advanced chatbot using AI and ML tech, streamlining tasks needing human intellect like NLU, image recognition, decision-making, and problem-solving. Beta Legend Marketing handled the project. PAAL is a powerful AI ecosystem, based on continuous learning and adaptation principles.

PAAL AI, an Ethereum token, incentivizes holders with profit sharing and token buybacks to boost demand and price. Users earn tokens through AI interactions, referrals, and community contributions. Tokens enable governance voting and can be staked for interest, unlocking premium features. We also accept Ethereum for service purchases, offering discounts.

The PAAL AI token is up a staggering ~294% over the last 30 days and is one of the hottest AI-focused cryptocurrencies currently available on the market.

There’s little chance AI technology fades to irrelevance anytime soon as more and more businesses embrace the benefits. The combination of AI and blockchain tech is still in the very early stages of development, so it will surely pay to keep a close on this sector going forward!

That’s it for the End of Week Recap by DAI! If you found this useful, please share and recommend! Thank you for reading!