As a seasoned crypto investor with over a decade of experience in this dynamic industry, I find myself consistently impressed by the innovative strides being made in AI for crypto and blockchain. The recent developments, such as The Graph Protocol’s introduction of GRC-20 data standard, NEAR Protocol’s compatibility with MetaMask, and Artificial Superintelligence Alliance’s staking platform, are not just promising; they’re game-changers.
2021 has seen AI cryptocurrency initiatives significantly reshape the blockchain sector. Leveraging automated data evaluation and decision-making mechanisms, they aim to create wiser and more streamlined decentralized networks.
Check out the latest advancements in AI for cryptocurrency and blockchain: The Graph unveils a fresh data format, NEAR Protocol aligns with MetaMask, and ASI Alliance launches a novel staking system.
The Graph Protocol Introduced GRC-20 Data Standard
The Graph Protocol, an innovative technology leveraging AI to enhance the indexing and query functionality of blockchain data, recently unveiled a fresh data standard referred to as ‘Graph Token Standard 2.0’, or simply GRC-20.
The standard will potentially replace traditional frameworks like the Resource Description Framework (RDF), which are less suited for the decentralized nature of Web3.
In essence, GRC-20 offers a unified vocabulary for knowledge exchange. This means it enables developers to construct compatible applications that can adapt alongside the ever-changing landscape of Web3 technologies.
Similar to how the ERC-20 standard organized value within Ethereum, GRC-20 is intended to standardize data, information, and knowledge, thereby breathing life into the web3 ecosystem,” as stated by The Graph on their platform.
Following the announcement on November 21, The Graph’s GRT token surged nearly 12%.
NEAR Protocol Is Now Compatible with MetaMask
The NEAR Protocol, a blockchain platform for decentralized apps powered by artificial intelligence, has become compatible with the cryptocurrency wallet MetaMask. This means that users can now engage with NEAR applications directly from their MetaMask wallets.
Significantly, the integration under discussion belongs to MetaMask’s Snap system, a platform that expands MetaMask’s capabilities to work with blockchains other than Ethereum Virtual Machine (EVM), such as NEAR.
Additionally, the integration of NEAR Snap will enable MetaMask to engage in interactions and validate transactions on networks such as NEAR, Solana, Cosmos, Tezos, Bitcoin, Sui, Aptos, Algorand, among many others.
Regardless if you’re a fan of DeFi, NFTs, or memes, the era of managing numerous digital wallets is coming to an end. Through NEAR’s vision for Chain Abstracted, you’ll soon be able to leverage your Ethereum wallet to access the entirety of the Web3 universe. (NEAR Protocol shared this on platform X, formerly known as Twitter)
As reported by CoinGecko, NEAR continues to be the most valuable AI-related token in terms of market capitalization. This year, it has experienced significant growth, increasing approximately 2.5 times its value from January.
Artificial Superintelligence Alliance Announces Details for its FET Staking Model
The Artificial Superintelligence Alliance (ASI Alliance) has shared specifics about their new staking system, named ASI Train. This innovative system employs a distinct staking method for Fetch.ai’s FET tokens.
As per the project outline, investors can deposit their FET tokens to receive returns. This process aids in funding the advancement of Artificial Intelligence models across numerous sectors.
The ASI (Alliance) announced on X that by locking their $FET tokens, FET holders can secure AI foundation models and profit from their economic benefits. These foundation models are extensive, pre-trained machine learning structures that serve as a base for numerous scientific applications. They’re trained using diverse datasets to excel in specific areas of expertise.
The ASI Alliance is a team project launched jointly by Fetch.ai, SingularityNET, and Ocean Protocol in March 2024. This alliance’s main goal is to foster progress in the field of decentralized artificial intelligence (AI) innovation.
After forming this partnership, the price of FET token peaked at a record high of $3.45 as far back as March.
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2024-11-26 03:12