ChatGPT has blown up the AI sector. What AI money are you betting besides AGIX?

In a word to describe the current global market, the world is in AI speculation.

Since Microsoft bought OpenAI for $10 billion and Bill Gates declared that "artificial intelligence is as historic as the birth of the Internet," ChatGPT has become the fastest app ever to reach 100 million users -- in just three months. As time goes on, more and more stories are brewing around ChatGPT: ChatGPT integration between Office and Azure, Google's $300 million investment in Anthropic, ChatGPT's competitor, the use of ChatGPT as sheep, and the ban on AI writing by universities.

In the market, the stock price of BuzzFeed, the American version of "Toutiao", soared 300% in two days just because its CEO said "it will take AI content as part of its core business". Iflytek, whose A-share value is nearly 100 billion yuan, rose 50% in 10 trading days. Hanwang Technology has become A demon.

Artificial intelligence (AI) consists of three main elements, namely data, algorithms and computing power. Data is the foundation. It is because of the increasing amount of data in practical applications that it is difficult for traditional computing methods and hardware to meet the requirements, which gives birth to the landing of AI applications. Back to the crypto market, in the recent active market sentiment, AI concept coins took advantage of the wind, played a commendable market, let's review the current market active AI-related projects and their market performance.

Data concept coin

The Graph (GRT) (24h +16.5%)

The Graph is the index and query layer of Web3. Developers build and publish open apis, called subgraphs, that applications can query using GraphQL. The Graph currently supports data indexing for 39 different networks and is adopted by mainstream applications such as Uniswap, Synthetix, Art Blocks, Gnosis, Balancer, Decentraland.

The Graph's native Token GRT is used to ensure the integrity of data within its network. Any user, whether a subgraph developer, node operator or principal, must pledge the GRT in order to perform their duties and earn fees from the network in return. The initial supply of GRTS will be 10 billion GRTS, along with an index incentive of new tokens at an annual issue rate of 3%. The Graph destroys the withdrawal tax charged to the subgraph developer, as well as 1% of the total fee for the protocol query.

Covalent (CQT) (24h +13.6%)

Covalent is an API platform for querying and indexing blockchain data. With Covalent, developers can build multi-link apps with data from more than 26 blockchains, such as cryptocurrency wallets, NFT galleries and investor dashboard tools.

CQTS are native Token CQTS of the Covalent network that can be used for governance, pledge, and access to the network. CQT Token holders can vote on proposals to change system parameters. At the same time, the Token can meet the data query requirements of API users, and the verifier will earn rewards by answering the queries. CQTS have an initial circulation of 1 billion, and pledge CQTS can earn a variable APR of 3%-20% depending on the total amount pledged in the network.

Streamr Network (DATA) (24h +13.1%)

Streamr is a fully decentralized and scalable protocol for many-to-many data pipelines, network analytics, and instant messaging. The network is supported by community-run nodes that earn DATA tokens by contributing their bandwidth. Use cases for this protocol include: many-to-many data pipeline, network analysis, instant messaging, gaming, blockchain network, Internet of Things information interaction, etc.

The total current supply of the Protocol Token DATA is 100 million, with a maximum future supply of 200 million and a current circulation of 767 million. According to its current Token economics, DATA use cases include network incentive, node pledge, project governance, market payment, etc.

Ocean Protocol (OCEAN) (24h +8.4%)

Ocean is an open source protocol designed to allow businesses and individuals to exchange and profit from data and data-based services. Data owners can sell data through the Ocean Market app in order to monetize their data while preserving privacy and control. On the other hand, consumers can buy private data that they previously had no access to. This is particularly useful for AI practitioners and data scientists, who have access to more data, sources of encryption assurance, and new revenue opportunities.

Ocean Protocol's native Token OCEAN is the basic unit of exchange for the platform and is also used for community governance and data pledge. OCEAN's supply is capped at 1.41 billion pieces, and it currently has about 434 million pieces in circulation.

Dock (DOCK) (24h +11.1%)

A solution for publishing and building decentralized identities and verifiable credentials, the Dock can be thought of as a decentralized version of Linkedin where users have complete control over their data. Users can submit any data they want to the platform and control who has access to it. Unlike other decentralized networks, the Dock platform does not reward users for sharing their data. The Dock team wants individuals to realize that their data is more valuable than they think, and that paying anything for their data is not enough. Instead, they encourage people to see their data as a valuable asset.

The DOCK is the native Token of the Dock network, designed to create and maintain common, personally owned, tamper-proof credentials that can be used for governance, pledge, and verification, as well as to support network operations. The DOCK has a total supply of 1 billion and currently has about 870 million in circulation.

VIDT DAO (VIDT) (24h +12.1%)

VIDT DAO is an open source platform that provides verifiable trust for the entire Web3 ecosystem. The VIDT DAO Web3 platform brings trust to the process by making data and documents verifiable using open source blockchain and timestamp technology. Any Web3 developer and user can use VIDT DAO open source technology to create time stamps, NFT and register digital assets such as certificates, sensor data, and firmware. Over the last few years, VIDT validation technology has been used by a number of well-known organizations such as Procentec, Nyenrode, AmSpec, DeGO, Amsterdam Vintage Watches, and IBM.

The native Token VIDT of the VIDT DAO is used for authentication in transactions. There is a total supply of 1 billion Vidts, and about 770 million Vidts are currently in circulation.

DIA (24h +6.7%)

DIA, taking its name from Decentralised Information Asset, is a multi-link, end-to-end, open source Web3 data and oracle platform, having completed a $15 million private funding round in 2020. As an open source ecosystem for financial data, DIA aims to improve the accessibility of Web3 data, provide users with accurate and verifiable data, and even build an "open source Bloomberg".

DIA currently has 91,837,743 pieces in circulation, out of a current total of 168,817,248 pieces, with a future maximum supply of 200 million pieces. It is mainly used for project and community governance.

Computational concept coin

Phala Network (PHA) (24h +7.4%)

Phala Network is a parallel chain of privacy computing for Poca Ecology. Based on the PoW-like economic incentive model, Phala releases the privacy computing power in countless cpus and applies it to the Poca parallel chain, thus serving other applications such as DeFi and data services on Poca. At the heart of Phala is a cloud computing network. It provides computing power compared with existing cloud services; At the same time, it can provide privacy protection to regulated applications and maintain the security and de-trust properties of the blockchain.

PHA is the native Token of Phala Network for its cloud-based economy system. The total supply of PHA tokens is 1 billion, with about 450 million currently in circulation.

iExec (RLC) (24h +7.7%)

iExec offers a wide range of decentralized, blockchain-based cloud computing Services, similar to Amazon Web Services and Microsoft Azure. The core product of the iExec project is on-demand access to computing power, data sets, and applications through a decentralized network provided by resource providers, incentivized in the form of tokenized rewards.

iExec's decentralized resource sharing service uses the project's native Token RLC for transactions. Staff are required to deposit RLC tokens as security deposit to be eligible to perform calculation tasks. The total supply of RLC tokens was capped at 87 million, with 69 percent of the tokens being sold in a public crowdfunding campaign as part of iExec IC0.

SONM (SNM) (24h +1.8%)

SONM is a decentralized fog computing platform that provides cloud services based on distributed customer-level hardware. Users can rent out their own hardware or use other people's computing power for their own needs.

The total supply of SNM is 44 million, and 79% of the current Token issuing contract addresses are held. The second to fourth holding addresses are Binance's hot wallet addresses, accounting for 19%. As a small cap target, SNM had a bright performance in November and January, but trading volume has not been active in this round.

AI concept coin

Numeraire (NMR) (24h +7.2%)

Numerai is a SAN Francisco-based hedge fund based on artificial intelligence and resource collaboration. It was founded in Los Angeles in October 2015 by South African technologist Richard Craib. Numerai uses Token NMR to motivate data scientists and AI for high-fit market strategies. Numerai aims to change the way Wall Street works by facilitating a collaborative approach to investing and money management.

The Numerai team, which has a strong Wall Street background, raised $7.5 million in two rounds of funding in 2016. Numerai's investment group is backed by Renaissance Technologies. Led by Howard Morgan of Renaissance Technologies, the world's largest HFT fund by funds under management. Its investors include Union Square Ventures, Joey Krug, partner at the decentralized market prediction project Augur, Filecoin and IPFS Juan Benet, And Olaf Carlson-Wee from Polychain.

NMR is an ERC-20 Token issued on Ethereum. Data scientists can sign up for Numerai's weekly machine learning contest to win its token NMR. The contest uses historical data of the market, divided into training sets and test sets, and uploads will be rewarded NMR for fitting the best strategy under the test set. NMR also has a pledge mechanism: Because over-fitting strategies often fail to perform well in the real market, strategy uploaders can mortgage NMR to get funds to use their strategies in the real market and earn excess returns or take larger losses based on real performance.

In addition, in July 2019, Numerai announced that through a contract upgrade, the total NMR supply had been set at 11 million pieces, and a destruction mechanism would be set in the Numerai tournament.

Fetch.ai (FET) (24h +24.6%)

Fetch.AI is the second phase of Binance's Launchpad project. Fetch.AI is a peer-to-peer AI driven protocol. Data, hardware, services, infrastructure and other parts of the network can be analyzed and processed by artificial intelligence through Fetch.

As the main medium of exchange for Fetch.AI ecology, it can be used to pay for protocol services. In addition, users can also participate in the network operation through the pledge FET. The total supply of FETs was 1,152,997,575, with 1,043,462,805 in circulation. According to its block browser, the protocol currently has 70 valid verification nodes and a total of 296 million FeTs are under pledge, accounting for 26.71% of the total.

SingularityNET (AGIX) (24h +26.0%)

SingularityNET, a decentralized AI platform and marketplace that aims to build a "protocol for connecting AI and machine learning tools to create effective applications," was launched on the Cardano network in May 2021.

While building the foundation for AGI, SingularityNET has been simultaneously leading the way to building an organizational ecosystem that will create large-scale use cases for AGIX tokens while providing AI services for various platforms. Current vertical market development for SingularityNET derivatives includes DeFi, robotics, Biotechnology and longevity, gaming and media, arts and entertainment (music), and enterprise AI.

SingularityNET ecological diagram

AGIX currently has 1,199,121,857 pieces in circulation, out of a current total of 1,249,584,776 pieces, with a future maximum supply of 200 million pieces. AGIX can be used to purchase AI services offered on the market, can vote and participate in the governance of the network, and supports holders to pledge for rewards.

Cortex (CTXC) (24h +16.4%)

Cortex's goal is to build a truly decentralized AI autonomous system that provides state-of-the-art machine learning models on a blockchain that users can infer using smart contracts on the Cortex blockchain. Cortex also aims to implement a machine learning platform that allows users to publish tasks and submit AI DApps (distributed applications of artificial intelligence) on the platform.

Cortex has established its AI on Blockchain ecosystem, where AI researchers can be rewarded for open-source their AI models, and dApp developers can integrate AI into smart contracts to dramatically speed up dApp development. Competition among AI model providers will lead to better and better AI model evolution.

The current number of CTXCS in circulation is 207,730,074, with a maximum future supply of 299,792,458. CTXC allows users to purchase AI-related products such as graphics cards, deep learning machines and cloud computing services.

Phoenix (PHB) (24h +20.9%)

Phoenix is an L1 and L2 blockchain infrastructure that provides support for smart Web3 applications, focusing on next generation artificial intelligence and privacy-enabled Web3 applications. Phoenix provides a blockchain-native solution for scaling data-intensive applications and implements advanced analytics, MPC (multi-party computing) and AI capabilities for Web3 applications and dApps. Phoenix's Layer 1 mainnet is an EVM-compatible blockchain, while Layer 2 is a computing layer for extending data, privacy and AI applications using mainstream deep learning AI frameworks.

As the original Token of the project, PHB is the common currency for all transactions of its main network. It can be converted into data points of the two-layer network, data usage points of Phoenix Prophecy machine, and rewards can also be obtained by pledging through Phoenix pledge system.

BlockBeats reminds users that the market value of AI race-related currencies is small, the trading volume is limited, and the fluctuation range is large. Users are advised to deal with their personal assets rationally and invest cautiously.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia