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AI has been the center of discussion the past few months not just in the crypto space but at everyone’s dinner tables. Thanks to the recent launch of Chat GPT utilizing GPT3 and GPT4 AI has been launched into the mainstream and has every man and their dog discussing it.

One sector especially that has been able to utilize AI for both online and real-world cases is crypto. This of course unfortunately brought on a flood of projects rebranding to catch the hype and of course dozens upon dozens of rugs as people looked for the next big “AI” projects.

In this article, we’ll dive into four AI-backed projects that we believe could withstand the test of time and help usher in a new AI narrative in the crypto space.

ORAI

Orai Chain is an AI-powered layer 1 blockchain for data and Oracle services, built on top of the Cosmos network Orai utilizes AI for trustless execution.

Orai Chain is one of the few AI projects that has been around for years and was building before the ChatGPT hype began, this fact alone shows that Orai is dedicated to building AI-powered tools and isn’t just trying to grab onto the coattails of the AI hype.

The two main aspects that Orai uses AI for are for the layer 1 network and for its AI Oracles. Through the Cosmos-based blockchain, Orai can create optimized sub-networks designed and optimized for AI usage.

Oracles are becoming more and more important in the crypto space as fast and trustless access to real-world data is needed more and more on-chain. Orai is able to offer a verifiable and trustless Oracle through AI-powered execution.

HERA

Hera Finance is a decentralized exchange that utilizes an AI-powered pathfinder to find the best swap rates for users.

Currently launched on Metis, however, Hera Finance has plans on launching on multiple chains including Arbitrum, Avalanche, BNB, Ethereum, Fantom, and Optimism. The Arbitrum launch is rumored to be in the coming weeks which could see the TVL of Hera sky rocket.

Heras AI-powered pathfinder has a self-learning capacity allowing the algorithm to constantly develop and evolve to find the best rates possible for users.

RNDR

Render conquers the constant battle for GPU processing power for rendering processes such as video, image, AI, etc.

Render has a unique selling point in the AI space by being able to provide the necessary rendering power needed to perform AI power actions such as AI image or AI video generation.

Jules Urbach the acting CEO of Render recently announced that “With ChatGPT API up next, will feed its output into RNDR graph for things like OSL shaders, script nodes, scatter nodes & much more”

Render is also being used for its rendering power for generative 3D/4D/NeRF AI art.

FET

Fetch enables users to build open services using automation and AI for dozens of different sectors such as travel, supply chains, predictions, and more. Using Fetch you can automate Web3 system and reinvent business models.

Fetch enables machine learning in a decentralized manner enabling users to build AI’s while maintaining privacy.

Think of Fetch as the building ground for AI applications and programs, using the Fetch tools developers can securely and privately build and deploy AIs, could we see platforms such as ChatGPT expand to build on Fetch to secure their decentralization?

Let’s wrap things up

It is great to see in the above four projects AI being used in its own unique way…

ORAI – Layer 1

HERA – Finding the best swap rates

RNDR – Processing power

FET – Building ground for AI

It’s relatively safe to say now that AI will most likely play a rather large part in both Web2 and Web3 in the future, with AI being so young we have quite a unique opportunity to invest in projects right and the ground floor.

As always do your own research and due diligence before investing in any of the above projects.

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