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Home » Additional crypto AI partnerships surface after $7.5 billion token consolidation
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Additional crypto AI partnerships surface after $7.5 billion token consolidation

2024-05-13No Comments2 Mins Read
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Additional crypto AI partnerships surface after $7.5 billion token consolidation
Additional crypto AI partnerships surface after $7.5 billion token consolidation
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ChainGPT, a blockchain AI platform, is set to launch its project, Wisdomise AI, through an initial dex offering (IDO) on May 13. Wisdomise AI is an AI-powered crypto adviser and investment assistant that enables users to learn, predict, and execute digital asset trades. With a fully diluted valuation of $20 million, Wisdomise AI aims to leverage advanced AI algorithms to engage in digital asset marketplaces. ChainGPT, valued at $236 million, utilizes language learning models (LLM) to develop AI-powered chatbots and news aggregators.

In a similar vein, KIP Protocol, a web3 base layer, has announced a partnership with Aethir, a GPU cloud infrastructure provider, to accelerate AI development on both networks. Through this collaboration, KIP will deploy its KnowledgeFi monetization system and decentralized retrieval augmented generation (dRAG) framework on Aethir. Simultaneously, Aethir will grant KIP Protocol access to its extensive fleet of GPUs and NVIDIA H100s for generating AI prompts. This alliance aligns both protocols in their use of Aethir’s computing resources for powering AI asset deployment and monetization tools.

Furthermore, SingularityNet, Fetch.ai, and Ocean Protocol, the three major players in the crypto AI industry, have recently approved a $7.5 billion token merger, leading to the creation of the Artificial Superintelligence Alliance (ASI) project. The ASI is currently focused on three distinct product pipelines, including the deployment of AI agents in commercial settings, neural symbolic language learning models (LLMs), and AI data sharing and utilization. Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, expects to generate revenue through the launch of the agentic network for deployment and plans to deploy various commercial products in the short term.

Despite the excitement surrounding crypto AI, scammers have taken advantage of unsuspecting users. On May 5, CertiK, a blockchain security firm, reported that the Genius Crypto Token GNUS.ai was exploited, resulting in a loss of $1.27 million. The attacker gained access to the developers’ private wallet on Discord and created a fake GNU token on the Fantom blockchain by copying the code from GNUS.ai’s Ethereum Chain. The fake tokens were then converted into genuine GNUS.ai tokens on Fantom and subsequently transferred to Ethereum, where they were sold for $1.27 million.

Related:
OKX Ventures has made an investment in Blade of God X, an augmented reality role-playing game that trains AI in the web3 space.

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