Altcoin Opportunities

Tag: what is web3

  • Top Crypto Artificial Intelligence Tools To Watch in 2023

    Top Crypto Artificial Intelligence Tools To Watch in 2023

    Artificial Intelligence (AI) has exploded into public awareness. Crypto Artificial Intelligence Tools are gaining attention for their potential to dramatically transform industries almost overnight, this impending tsunami of change has attracted a lot of attention from investors.

    The Benefits of Investing in Layer 1 Coins

    Before we dive into the top AI & Big Data tokens, it’s important to understand the significance of Layer 1 coins that underlie and power these technologies. The Layer 1 coins are cryptocurrencies that function as the underlying infrastructure of blockchain networks.

    Investing in Layer 1 coins can provide significant benefits, such as:

    • Being a critical part of blockchain networks
    • Potentially high returns on investment
    • Having a significant impact on the overall crypto market

    To learn more about why investing in Layer 1 coins is a smart investment strategy, check out Why Invest in Layer 1 Coins.

    The blockchain space is the new blue chip! We are watching several tokens that have been developed to harness the power of AI and Big Data.

    In this article, we will be looking at some of the top AI & Big Data tokens in the market.

    1. SingularityNET (AGI)

    SingularityNET is a decentralized AI network that connects AI developers and users. It allows developers to monetize their AI algorithms, while users can access AI services without the need for intermediaries. SingularityNET uses AGI as its native token to incentivize developers to build and deploy AI services on its platform. The AGI token can be used to pay for AI services or traded on cryptocurrency exchanges.

    2. Ocean Protocol (OCEAN)

    OCEANUSDT Chart by TradingView

    Ocean Protocol is a decentralized data exchange that allows individuals and companies to share and monetize their data. It aims to create a global data economy that is transparent and fair to everyone. The OCEAN token is used to incentivize data providers to share their data and data consumers to access the data. The token can also be used to purchase data services or traded on cryptocurrency exchanges.

    3. Fetch.ai (FET)

    Fetch.ai is an AI-powered decentralized network that connects devices and machines to create an autonomous economy. It enables devices to communicate with each other and perform tasks without human intervention.

    The History Of Artificial Intelligence

    Read more about the Multi-Agent Systems (MAS) – a branch of Artificial Intelligence (AI) that Fetch crypto blockchain are helping to expand.

    The FET token is used to incentivize node operators to provide computing power to the network. The token can also be used to pay for services on the network or traded on cryptocurrency exchanges.

    4. Numerai (NMR)

    Numerai is a hedge fund that uses AI to make investment decisions. It crowdsources AI models from data scientists around the world and uses them to trade in the stock market. The NMR token is used to incentivize data scientists to create accurate AI models. The token can also be used to participate in tournaments to create the best AI models or traded on cryptocurrency exchanges.

    5. Cortex (CTXC)

    Cortex is a decentralized AI platform that allows developers to create AI applications using blockchain technology. It aims to democratize AI by making it accessible to everyone. The CTXC token is used to incentivize developers to create and deploy AI applications on the platform. The token can also be used to pay for AI services or traded on cryptocurrency exchanges.

    6. The Graph (GRT)

    GRTUSDT Chart by TradingView

    One of the most exciting AI & Big Data tokens in the market today is The Graph (GRT). The Graph is an indexing protocol for querying networks like Ethereum and IPFS. It allows developers to build decentralized applications that can quickly and efficiently access data on these networks.

    By using The Graph, developers can create applications that are faster, more reliable, and more secure than traditional centralized applications. The Graph has quickly become one of the most popular tokens in the Web3 ecosystem, and many experts believe that it will play a critical role in the development of a new, decentralized internet.

    AI and Big Data are creating of world of
    crypto opportunities in some incredible ways.

    From Layer 1 coins to trading algorithms to indexing protocols, these technologies are being used to create faster, more efficient, and more secure financial systems.

    By investing in tokens like Solana, Avalanche, Cosmos, and The Graph, individuals and businesses can potentially capitalize on these innovations and reap significant rewards.

    To learn more about how to build a well-diversified crypto portfolio that includes AI & Big Data tokens, be sure to do your research, set clear investment goals, and stay up-to-date on the latest trends and developments in the industry.

  • Can We Profit From Web3?

    Can We Profit From Web3?

    Web3 refers to the third generation of the World Wide Web, which aims to bring the power of decentralized technology to the internet. To find if can profit from Web3 we need to understand where the value flows through the blockchain technology, which allows for the creation of decentralized applications (dApps) that can run on a decentralized network, rather than on a single centralized server.

    Should we invest in API3

    In the same way that it may be prudent to invest in Layer 1 Coins, as the underlying Web3 network gains more dApps, the value of the entire ecosystem grows. Explosive growth is anticipated when a large establish app chooses to relocate to a Web3 backbone because of the many efficiencies.

    While positioning before the explosive growth is a good idea – managing risk is always a first priority.

    It is important to pay close attention to the ebb and flow of altcoin seasons. The cryptocurrency sector trends together and must be an important part of choosing when to hold or release the API3 token.

    API3 is another one of the 300+ tokens in the Crypto SmartWatch model portfolio tracker.

    API3USDT Chart by TradingView

    Build on all Blockchains from one place

    API3 is a protocol that aims to make it easier to create and deploy dApps on the Web3 stack.

    Built on the Chainlink protocol for its ability to automate and streamline business processes, API3 allows developers to access the functionality of different blockchain networks, such as Ethereum, through a single API.

    Access different blockchain networks through a single protocol.

    This means that developers do not need to learn the specifics of each blockchain network they want to build on, and can instead use the API3 protocol to access the functionality they need from various blockchains.

    The API3 protocol also aims to provide a way for dApps to access data from different sources, such as web services and external databases, in a decentralized manner.

    What is a First-Party Oracle?

    Legacy third-party oracle networks and first-party oracle solutions are two different types of oracles that are used to provide data to smart contracts on a blockchain.

    A legacy third-party oracle network is a decentralized network of nodes that gather data from external sources and provide it to smart contracts on the blockchain. These oracles are typically operated by third-party entities and are not directly controlled by the smart contract creators or users. They can be used to access a wide variety of data sources, including APIs, websites, and other off-chain systems. However, because they are operated by third-party entities, there is a risk that the oracle network may be compromised, leading to inaccurate or unreliable data being provided to the smart contract.

    On the other hand, a first-party oracle solution is a system in which the smart contract creator or user directly controls the oracle and the data it provides. This can be done by hardcoding the data into the smart contract or by using a decentralized application (dApp) that interacts with the smart contract to provide the data. Because the oracle is directly controlled by the smart contract creator or user, there is less risk of inaccurate or unreliable data being provided to the smart contract.

    Learn more about first-party oracle solutions that are directly controlled by the smart contract creator or user, and how that makes them more reliable and secure.

    Web3 dApps using API3

    Here are a few dApps that are using the API3 protocol:

    1. ChainGuard: A security protocol that uses API3 to provide a secure and trustless way to access APIs.
    2. The Ocean: A protocol for data marketplaces that allows data providers to monetize their data by selling access to it through API3.
    3. OceanDAO: A autonomous organization (DAO) built on the Ocean protocol that allows its members to vote on proposals and make decisions about the protocol’s development.

    Please note the above-mentioned dApps are in development stage and their status and functionality can change over time.

    To answer the question ‘Can We Profit From Web3?‘ – the answer is a strong yes – if we time our entry with this popular AltSeason TradingView Indicator.

    As the underlying Web3 network gains more dApps, the value of the entire ecosystem will grow. Explosive growth is anticipated when a large establish app chooses to relocate to a Web3 dApp backbone because of the many efficiencies.