A heated debate is unfolding within the Web3 community about whether cryptocurrency will become the preferred currency for Artificial Intelligence (AI). While some express skepticism about crypto’s potential to dominate the AI ecosystem, many Web3 enthusiasts are convinced that this shift is inevitable.
Let’s explore the key arguments that have emerged in this ongoing discussion.
Sparks Fly on X: The Debate Begins
The debate was ignited by a post on X from a Web3 enthusiast known as ‘Navel,’ who claimed that cryptocurrency would be the primary currency in the AI-driven future. This post sparked a lively discussion, with some responses supporting the idea and others dismissing it outright.
Liron Shapira, a podcast host, strongly disagreed in his response. He argued that as long as customers continue to prefer fiat currencies for transactions, there is no reason for AI to adopt crypto over traditional money.
Xcaliber, another voice in the debate, presented a contrasting view. He emphasized AI’s inherent connection to decentralized systems, suggesting that AI’s reliance on these systems would make cryptocurrency an essential part of its future operations.
Five Reasons AI and Crypto Could Align
Web3 expert Wuyue.eth joined the conversation with a detailed X post outlining five reasons why AI and crypto could work together in the future:
- Shared Decentralization: Both AI and cryptocurrency are decentralized and rely on blockchain technology.
- Micro-Payments Enabled by Crypto: Cryptocurrencies could facilitate small payments for data, which AI frequently needs.
- Autonomous Payments by AI: AI could use crypto to pay for services independently, without human intervention.
- Rewards for Developers: Developers could earn cryptocurrency in return for their contributions to AI projects.
- AI’s Economic Participation: AI could engage directly in the economy, buying and selling services without human involvement.
Current Trends in AI Tokens
The total market cap of AI-focused cryptocurrencies currently stands at $24.3 billion, reflecting a recent 4.1% decline over the past 24 hours. Some of the trending AI tokens, including Render, Bittensor, and Artificial Superintelligence Alliance, have experienced downtrends lately. However, based on market capitalization, the top five AI tokens are NEAR Protocol, Internet Computer, Artificial Superintelligence Alliance, Bittensor, and Render.
Over the past seven days, NEAR Protocol has surged by 12.0%, while Internet Computer, Artificial Superintelligence Alliance, and Bittensor have seen gains of 5.1%, 43.0%, and 8.6%, respectively. Notably, Render has shown a significant rise of 31.5%, making it the AI token with the highest gain after FET.
Is Crypto the Inevitable Currency of AI?
The debate remains unresolved, but one thing is clear: the integration of crypto in the AI ecosystem seems increasingly likely. As AI continues to evolve and interact more closely with decentralized technologies, the chances of cryptocurrency becoming the main currency of AI grow stronger.
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Are you excited about the potential for cryptocurrency in AI? Join the conversation.
