Artificial intelligence is one of the leading technology that is the talk of the town these days in any social media or even on news platforms. ChatGPT has changed the situation in the last couple of months and now it is not limited to individuals instead businesses have started exploring the options to integrate chatGPT with their business models. ChatGPT is an AI tool that is part of generative AI and Now even Google is not left behind as the company is working on BARD and this is expected to be available for everyone soon. Technology is evolving and we are in an era where it is going through an amazing transformation and we can expect that in the coming years, things are going to be much more advanced in the form of technological advancement. now with blockchain also we have got the flavor of artificial intelligence technology and projects are working on the same module to bring the next level of AI integrated with blockchain and cryptocurrencies.
I did some research on the Internet to find some projects that are recently launched and my focus was to find something that is encouraging more on artificial intelligence technology however blockchain is the primary criterion that should also be there. After going through a couple of projects I found that this can be a good one to talk about in this post and share deeper insight through this post. There are multiple projects available as of date and this number will continue to grow looking at the adoption that ai technology is getting but like many other projects, fundamentals will be an important key in any project.
LayerAI
LayerAI is a project built on layer-2 blockchain and this is working to build the solutions that will make data monetization easy. Currently, the use of AI technology is limited however multiple companies are working in this area to explore the possibilities and how the AI technology can be used to make things better for multiple industries. In the same pattern, this project is also working on artificial intelligence technology and blockchain at the same time to build a solution that can make significant improvements and bring more innovation to the crypto community. This crypto project was launched earlier with the name of CryptoGPT but now this has been rebranded to LayerAI and LAI is the token of this project. There are limited projects in the Crypto space as of now that are working on artificial intelligence technology But this situation will not be the same because if you look at the overall adoption of these high-end and smart technology then things are going to change significantly.
LayerAI is building revolutionary technology: Layer-2 blockchain that monetizes the AI & data revolution.
Token Price
$LAI is the token of this project and the current price is low it has gone down by almost 3% which is a possible impact of SEC news on the overall market. Price fluctuation is a common thing in the crypto market and this is not the first time it's happened because whenever there is negativity then the impact can be seen on the market price so I believe it is something that we should not be concerned about. LayerAI was launched in March month this year so its quite in the market and it needs to get more attention and investors to grow more and that will also result in the token price. Its understood that no project can grow overnight and it needs time to build and grow. The kind of AI adoption and interest we see in people can boost ai projects if things are built with focus and that too on time. If the project grows then the same impact can be seen on the token value as well so the token price is linked with the overall project growth.
Token Listing
LAI token is listed on Centralized Exchange (CEX) and Decentralized Exchange (DEX) and getting this done in less time shows that the team behind the project is focused on their goal and they are trying to make it available for a bigger audience across the world. The token listing on various exchanges brings more attention to the token economy and it also makes it accessible to more people across the world. It is already listed on some leading exchanges including KuCoin, Huobi, Bybit, Poloniex, etc. Its not yet listed in Binance and Coinbase but that should not be a concern because if things will do well then that listing will happen soon. There is enough liquidity available on these centralized exchanges and even different pairs are available however the majority of pairs are available with USDT.
The token is also listed on decentralized exchanges including Uniswap and pancakeswap so this way also the token is getting more attention from crypto traders and investors.
Products
LayerAI has been working to build different products and with all such products they are trying to classify data as an emerging asset class and this is needed. Probably this will make the digital assets more valuable this way because data and crypto tokens are in digital form and both are valuable. This is the first time I'm getting to know that artificial intelligence can also be used to earn money which is the same as play to earn and with this trend, we are going to have #AI2earn which is a new thing. With blockchain and cryptocurrency, we are getting certain options to invest and earn decent returns and that is why there are different initiatives created for the community to be part of and experience the opportunity that is going to grow even more in the coming years. With such products that are focused on making the data much more valuable. this project can get more value and attention from the crypto community however the delivery should be on time as delay never goes in favor of the project.
Mobile Application
LayerAI has launched its revolutionary and innovative browser for iOS users and as of now the Android version is there however we may expect it to be available soon. Usually, the development on the Apple Os is difficult and Android apps are easy to develop and get approved because it is not as strict as Apple in terms of the app listing. We spend more time on the phone so having an application for mobile makes easy accessible and that can also help the project to get more users.
LayerAI
Farming for $LAI token is live and anyone can be part of this to earn AI Capsules. Validator Vault. Farming is the same as stake and earn so whoever deposits LAT tokens, earns a guaranteed reward of AI Capsules. This AI Capsule is not a token instead it is an NFT and there must be a good use case for AI Capsule in the ecosystem. It works the same as DeFi and we can connect any non-custodial wallet like metamask to be part of farming and start earning rewards. Staking is a way through which investors are rewarded for keeping their investment in the form of a stake and also provides stability to the project by reducing the selling pressure. The staking APR has not been mentioned but it must be as per the market and surely something that can interest the holders to be part of farming.
Farming link- https://farm.cryptogpt.org/
Stake $LAI And Get Guaranteed AI Capsules
Use of AI
At present the use of artificial intelligence is limited and we can see only in certain industries however the future is going to be bright for this technology. It is going to be implemented in multiple industries including tourism healthcare finance and manufacturing etc to bring a revolution by providing smart and technological solutions to bring more productivity and efficiency. AI technology is evolving and but its growth rate is too fast. For example, it has taken a decade to bring a better version of AI now but the next version will not even take a year as the growth rate is high. AI is learning with its usage and reading a lot of patterns and information. With generative AI, many things can be done, and with the next upgrade this technology and tools are going to be much smarter.
LayerAI, which is working in this area will get the benefit of growing AI technology and possibly it will also its community a lot by offering revolutionary products built on AI and integrated with blockchain. Both are highly advanced technologies and together something great can be built for the community and this growth is inevitable.
Conclusion
This time we see how artificial intelligence-based tools are adopted by people and chat gpt is one of the best examples. I feel like this is just the start of something that we have not experienced ever and in the coming months and years, we are going to witness something that will blow our mind. With technology, stuff like content creation image modification and any sort of response can be generated in seconds. this will save a lot of human efforts and the outcome will be even better than what a human can do. With the increased adoption of artificial intelligence technology such projects are going to get more valuable because it is trending and with trends more money can flow in that will result in a value appreciation.
Reference used from below for this post
https://layerai.org/
https://farm.cryptogpt.org/
https://coinmarketcap.com/currencies/cryptogpt/
Thank you