Crypto and Artificial Intelligence: The Duo That Will Grace 2024?

ChatGPT has just celebrated its first anniversary. This artificial intelligence created by OpenAi, like so many others, still divides opinions around the world. While some see it as a threat to humanity, others see it as a significant ally in shaping our future. And note that the enthusiastic camp does not hesitate to link cryptocurrencies with AI. See how they envision the magic of these technologies in the sector for the year 2024.

2024, the year of sealing the marriage between AI and cryptos?

Which of the two camps is wrong: the AI-skeptics or the AI-enthusiasts? For skeptics, which include the cream of American Finance, artificial intelligences could threaten American financial stability. Treasury Secretary Janet Yellen calls for “responsible innovation,” failing which the worst crises will occur.

But on the other side of the bank, there are the enthusiasts.

Analysts explore how AI and crypto might flourish during 2024 https://t.co/tGukqvSvCx

— The Block (@TheBlock__) December 25, 2023

This article from The Block analyzes the potential emergence of a crypto sub-sector born from the alliance between Artificial Intelligence and Web3 for the year 2024. This possibility was supported by the words of Sandra Leow, an analyst at Nansen stating that:

Both AI and crypto are quickly maturing, and while the potential of artificial intelligence and blockchain integration remains largely uncertain today, the emerging use-cases and possibility enabled by both technologies is massive.

For Sandra Leow, the proliferation of AI agents will ensure that the artificial intelligence-Web 3.0 mix will explode in a very short time. Moreover, chain bots are capable of boosting transactions in BTC (or other cryptos) and exchanging value to the benefit of human traders.

We could foresee a world where AI agents become a primary category of users on the blockchain, and some examples include verification management applications that use zero-knowledge learning technologies like Modulus Labs, 

What cements this relationship?

In fact, AI and Web3 cannot coexist without real common goals. And the stakes are huge: privacy, clouding data management, centralization & decentralization, democratization of the blockchain, etc.

The weaknesses of centralized AI can be mitigated by decentralized crypto, allowing AI to evolve safely, to provide powerful and beneficial features that serve humanity holistically without being dominated by particular interests.

The Gemini team in its Crypto Trend Report 2024

By incorporating Web 3.0, where principles of decentralization are rooted, artificial intelligence could notably promote privacy-respecting practices. Additionally, the cryptocurrency sector is already one of the beneficiaries of the potential of similar programs.

Furthermore, isn’t AI already an effective tool for trading and the creation of new cryptocurrencies like Injective Protocol (INJ) – which recently experienced a gain of +3,000%?