Crypto and AI: What Does This Exciting Convergence Mean for the World?

Cryptocurrencies and artificial intelligence (AI) are hot property right now. Everyone from your aunt to your neighbor is trying to stock up on digital assets or find an AI assistant. What if, however, there was a way for the two worlds to collide in a way that benefits not only one another but also humanity?

Well, now there is, in theory, but the convergence of AI and crypto is very much in its infancy. AI crypto coins are being developed to create a decentralized framework for AI applications. This could mean executing AI tasks in a decentralized, secure, and transparent way, or using the secure storage of the blockchain to help develop AI models. 

There are many potential applications for hybrid AI-Crypto projects, but this niche area of development is not guaranteed to offer success. Currently, AI evolves too fast and relies too much on centralized data, meaning that for AI to embrace the blockchain, it needs to make considerable changes. Consider also that decentralized data is far less abundant than centralized data (for now), making decentralized AI models seemingly less powerful before development even gets underway. 

Should we find convenient and relevant overlaps between the two in a natural and unforced way, they could democratize access to information and AI tools for the benefit of everyone. 

The Story So Far: Crypto & AI 

Crypto-AI is a huge narrative right now, but it wasn’t always like this.