SINGAPORE, November 28, 2024 – OKX Ventures, the investment arm of global onchain technology company OKX, has released a report examining the convergence of artificial intelligence (AI) and cryptocurrency. Co-authored with Polychain Capital and Delphi Digital, the report highlights the transformative potential of this synergy across several key areas.
According to the report, the convergence of AI and crypto is set to reshape several sectors. The report’s insights highlight the following areas:
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Decentralization of AI development: The report notes a shift toward decentralized, permissionless AI models, challenging the dominance of tech giants. This approach could lead to unprecedented innovation and a more democratic AI landscape.
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Revolutionizing computing power: The report spotlights emerging distributed computing power markets, exemplified by platforms like io.net and Prodia. These platforms are reshaping traditional AI computing paradigms and could potentially outpace centralized computing resources.
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Crypto-driven data ecosystems: Cryptocurrency economic models are proving effective in incentivizing user participation across the AI data value chain. This involves crucial activities such as data contribution, labeling, and validation, which are essential for AI development.
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AI-crypto convergence in content creation: The report highlights the emergence of novel forms of content creation through the synthesis of AI and crypto. Platforms such as Myshell are empowering users to construct and monetize customized AI agents, fostering a new era of digital creativity.
The report also emphasizes the importance of market demand, solid business models, and teams with strong AI backgrounds in the evolving crypto-AI sector. The report predicts that the future of AI will be characterized by an intelligent network of diverse models and agents, rather than being dominated by a few powerful models. This decentralized future will provide significant opportunities for blockchain and crypto technologies to enable coordination and governance of these resources.
To access the complete research report, please visit: OKX Crypto Evolution Series.
For media inquiries, please contact: Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of OKX, a global crypto exchange and Web3 technology company. OKX Ventures supports projects on a global scale, promotes blockchain innovation, and invests in long-term structural value. OKX Ventures helps build innovative companies by giving them global resources and experience.
