The Rising Tide of AI-Related Tokens
Harnessing the AI Revolution: Privacy-Preserving Crypto Projects Unlocking the Potential of Artificial Intelligence
With the emergence of OpenAI, we have come to the realization that AI really is a thing. AI's gonna shake things up in a big way, touching every industry out there. And you know what's wild? It can even replace white collar jobs like nothing we've seen before.
Here is an example of chatGPT doing physician’s job better than most physicians out there:
https://twitter.com/rowancheung/status/1652698334841192448
Gaining the Most Out of AI:
How do we ride this AI wave as investors? Like our previous community calls, the obvious beneficiaries at this point are Microsoft and Nvidia. However, it's hard to make multiple Xs from a trade that is crowded or seems obvious.
One of the biggest concerns that AI will raise is "privacy." AI is like a gluttonous monster that never gets enough data. The key to raising your AI monster healthily is feeding it quality data. One problem lurking with the AI revolution is, once again, privacy. How do you feed lots and lots of data into AI applications while keeping individuals' data private?
Fortunately, there are some crypto projects that could be the answer we're looking for. In this brief overview, I'll introduce you to two exciting projects worth checking out.
Ocean Protocol:
Ocean Protocol is a super cool project focused on building a decentralized data marketplace that allows people and organizations to securely share and monetize their data, all while maintaining privacy. They're doing this by leveraging blockchain technology, smart contracts, and advanced cryptographic techniques.
The idea behind Ocean Protocol is to unlock the value of data by making it more accessible and shareable, without compromising privacy. This way, AI developers can access the data they need to train their models, and data owners can get paid for sharing their data.
The platform uses tokens called "OCEAN" to facilitate transactions in the data marketplace. So, if you want to buy or sell data, you'd use these tokens to make it happen. Ocean Protocol also includes features like access control, data provenance, and privacy-preserving compute, which help maintain trust and security in the marketplace.
By enabling this data exchange in a secure and private manner, Ocean Protocol aims to foster innovation and collaboration in the AI and data space, ultimately helping to drive the development of even smarter and more useful AI applications.
Token: $OCEAN
You can purchase it from the bigger exchanges like Binance and Kucoin. $OCEAN is currently trading at $0.35 which is 81.59% off from its all time highs.
Oasis Network:
Meet Oasis Network - an innovative blockchain platform with its native token, ROSE. It's designed to emphasize privacy and security, making it a standout choice for AI development. The Oasis Network offers robust privacy features, ensuring that sensitive data is protected while still allowing AI models to learn and grow. By seamlessly integrating privacy and AI, this network is paving the way for a more secure and cutting-edge future in the AI landscape.
What surprised me was that they are working with META to develop solutions for AI. Here is the quote from their blog.
Through Oasis Labs’ partnership with Meta, Oasis is engineering solutions to fairness and bias in AI models. Preventing these weaknesses requires systems and processes in place that help measure bias while simultaneously protecting the privacy of the individuals who contribute highly sensitive demographic data for these measurements. As a design and technology partner, Oasis built an MPC based system for Meta that satisfies this critical requirement.
There's definitely a lot more to explore with this project when you have the time. To dive deeper, simply visit their website using this link.
Token: $ROSE
The token is currently trading at $0.058, which is a whopping 90% off its all-time high – sounds like a steal to me! You can grab some of these tokens from popular exchanges like Coinbase, Kucoin, and Binance.
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