Top 10 Artificial Intelligence (AI) Cryptocurrencies – Forbes Advisor UK

It’s hard to imagine two technologies more of the zeitgeist than artificial intelligence (AI) and cryptocurrency, so it’s no surprise that the two fields converged in the form

of AI cryptocurrencies. We’ve looked at some of the biggest AI cryptocurrencies by market capitalisation, according to CoinMarketCap*. But first, here’s a primer on what they

are. The cryptocurrency market is largely unregulated in the UK, so you will have no protection if something goes wrong. Buying cryptocurrency is speculative and your capital is at

risk, meaning you may lose some or all of your money. What are cryptocurrencies? Cryptocurrencies are a form of digital currency. They can be spent or traded, but they’re not

issued by central banks or stored in traditional financial institutions. Instead, they’re decentralised. This means records of balances and transactions are’t controlled by

banks or payment providers, instead they’re held by people who volunteer to keep track of everything using specialist software. Volunteers participate because in doing so they

get the opportunity to earn valuable cryptocurrency without having to pay for it. Huge speculation on cryptocurrencies’ values has led to a boom in both the number and value of

assets in the space over the last few years – peaking in November 2021 before crashing in the spring of 2022. What is AI? Artificial intelligence (AI) is a field of computer

science enabling machines to make decisions based on data, increasingly mimicking human intelligence. Recent popular examples include AI-generated artwork – where a program

interprets user prompts, written in natural language, to create pieces of digital art, and ChatGPT, an application which is able to ‘write’ according to a brief submitted by

the user. In both cases, the outputs are close enough to what a real person might create that they could be mistaken for human creation, and these applications are getting

increasingly sophisticated.  Use cases for AI are effectively limitless, and the technology has found its way into the cryptocurrency space. What’s an AI cryptocurrency? AI

cryptocurrencies are tokens that power AI blockchain platforms such as The Graph and SingularityNET. Users spend tokens in order to use the platforms and the benefits of their

integrated artificial intelligence. We’ve looked at the 10 biggest AI crypto projects according to their market caps to see how AI is being used within the sector. The Graph

(GRT) Market cap: £515,989,012 The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from websites.