Some 1000 Crypto Companies Are Exploring AI: Here Are 3 Challenges & 3 Benefits
Portfolio Pulse from Murtuza Merchant
Over 1,000 crypto projects are using artificial intelligence (AI) in some way, according to a report by Coinbase. The market capitalization of these projects is still low at 0.07% of the total across all tokens. Challenges include lack of standards, high costs, and unclear regulation. However, AI has the potential to improve security, make smart contracts more efficient, and create new decentralized applications.
June 07, 2023 | 2:23 pm
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Coinbase's report highlights the growing interest in AI within the crypto space, with over 1,000 projects exploring its use. This could potentially lead to new opportunities and growth for the company.
As Coinbase is a major player in the crypto space, the growing interest in AI within crypto projects could lead to new opportunities for the company. This may include listing new AI-based tokens, providing support for AI-based projects, or even developing their own AI-based solutions. The challenges mentioned in the report, such as lack of standards, high costs, and unclear regulation, could also present opportunities for Coinbase to take a leading role in addressing these issues and shaping the future of AI in the crypto space.
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