Ocean Protocol

Matrix AI Network

Artificial Intelligence

AI Network

imgnAI

<p>Over the past few months, the American Multinational Technology company NVIDIA has benefited from the AI (Artificial Intelligence) narrative gaining momentum in both TradFi and Cryptocurrency.  </p>



<p>Showing no signs of slowing down, AI has consistently made breakthrough after breakthrough, and has curried both more favor and curiosity from the public thanks to its constant introduction of new and better applications.</p>



<p>The likes of ChatGPT &#8211; an interactive search engine that can aid as a smart personal assistant and Midjourney &#8211; an art and design platform that can generate images from texts have shown the world a glimpse of how useful AI can be.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="742" height="530" src="https://chaindebrief.com/wp-content/uploads/2023/06/image-2.png" alt="" class="wp-image-37873" srcset="https://chaindebrief.com/wp-content/uploads/2023/06/image-2.png 742w, https://chaindebrief.com/wp-content/uploads/2023/06/image-2-300x214.png 300w" sizes="(max-width: 742px) 100vw, 742px" /></figure>



<p>Nvidia ($NVDA) has been on a roll since the start of 2023, the price of $NVDA has surged over 28% in the past five days and over 180% YTD, it is currently trading at $401.1.</p>



<p>Nvidia’s market cap was $364.18bn as of December 31st, reaching the $1 trillion mark within 5 months, and has since come down slightly to $922bn.</p>



<p>To put this into perspective only four companies in the United States have a valuation of $1 trillion or above: Apple, Microsoft, Amazon and Alphabet.</p>



<p>Nvidia’s surge so far in 2023 has been reported to be due to soaring demand for Graphis Processing Units (GPUs) that power <a href="https://cointelegraph.com/innovation-circle/what-does-generative-ai-mean-for-web3">generative AI tools.</a></p>



<p>According to <a href="https://www.reuters.com/technology/nvidia-sets-eye-1-trillion-market-value-2023-05-30/">one report by Reuters</a>, analysts said that 80% of these GPUs are currently being manufactured by Nvidia.&nbsp;</p>



<p>The excitement around the Nvidia surge sent some AI tokens rallying, as traders and investors alike attempted to capture profits from the trend.</p>



<p><strong>Also Read: <a href="https://chaindebrief.com/be-early-to-the-next-100x-with-these-5-crypto-launchpads/">Be Early To The Next 100x With These 5 Crypto Launchpads</a></strong></p>



<h2 class="wp-block-heading" id="strong-1-singularitynet-agix-strong"><strong>1. SingularityNet ($AGIX)</strong></h2>



<p><a href="https://singularitynet.io/">SingularityNet</a> is an AI marketplace on the blockchain with a mission to develop AGI (Artificial General Intelligence) SingularityNet enables anyone to build and monetize AI services.&nbsp;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">As an ecosystem that promotes openness, we believe the best way to deliver impact and bring about beneficial <a href="https://twitter.com/hashtag/AGI?src=hash&amp;ref_src=twsrc%5Etfw">#AGI</a> is decentralization. We are committed to democratizing access to the benefits of breakthrough innovations. <a href="https://t.co/UgghmzPVcL">pic.twitter.com/UgghmzPVcL</a></p>&mdash; SingularityNET (@SingularityNET) <a href="https://twitter.com/SingularityNET/status/1661545870561509376?ref_src=twsrc%5Etfw">May 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>$AGIX is their native token, and currently runs on Ethereum and Cardano networks to power the SingularityNet Platform. $AGIX has market cap of&nbsp;$367.9m with a circulating supply of&nbsp;1.2bn $AGIX.&nbsp;</p>



<p>$AGIX went up by 17% in the past 7 days and it is currently trading at $0.3.&nbsp;</p>



<p>The Team behind SingularityNet were also responsible for developing &#8220;Sophia&#8221;, an Artificial Intelligence which many describe as the world&#8217;s most expressive robot.&nbsp;</p>



<h2 class="wp-block-heading" id="2-ocean-protocol-ocean">2. Ocean protocol ($OCEAN)</h2>



<p>Running on Ethereum, <a href="https://oceanprotocol.com/">Ocean Protocol</a> provides the next generation of tools to unlock data at a large scale, making it easy to publish and consume data services.</p>



<p>Ocean uses Data NFTs (ERC721) and data tokens (ERC20) as the interface to connect data assets with both blockchains and DeFi applications.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30f.png" alt="🌏" class="wp-smiley" style="height: 1em; max-height: 1em;" />The nature of web3 is to be public, transparent, and remove intermediaries.  <br><br>Decentralized AI will be used to create more fair and equitable <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw">#AI</a> systems and access to services.  <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e0.png" alt="🛠" class="wp-smiley" style="height: 1em; max-height: 1em;" /><br><br>To devs out there, understand this and how it impacts your use case before choosing to <a href="https://twitter.com/hashtag/BUIDL?src=hash&amp;ref_src=twsrc%5Etfw">#BUIDL</a>…</p>&mdash; Ocean Protocol (@oceanprotocol) <a href="https://twitter.com/oceanprotocol/status/1662094978439430144?ref_src=twsrc%5Etfw">May 26, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>With Ocean Protocol, you can not only public, but trade data.</p>



<p>You can use Ocean Protocol&#8217;s software tools to build your own data marketplace as well as manage data tokens and data NFTs for use in Decentralized Finance.</p>



<p>$OCEAN currently has a market cap of $229m with a max supply of 1.4bn, with it&#8217;s native token trading at $0.375 thanks to a major run up over the week.</p>



<h2 class="wp-block-heading" id="strong-3-fetch-ai-fet-strong"><strong>3. Fetch.ai ($FET)</strong></h2>



<p><a href="https://fetch.ai/">Fetch.ai</a> provides open-source software tools which can be used together with their interoperable decentralized network in order to harness the power of AI and automation. These can be then be used to carry out complex tasks in the digital economy.</p>



<p>With Fetch.ai, you can build decentralized and peer-to-peer (P2P) applications that are free from <a href="https://www.investopedia.com/terms/r/rentseeking.asp">centralized rent-seeking.&nbsp;</a></p>



<p>Fetch.ai is currently available on the Ethereum, Binance Smart Chain and Cosmos networks.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">3&#x20e3;How does it work<br>The <a href="https://twitter.com/Fetch_ai?ref_src=twsrc%5Etfw">@Fetch_ai</a>  network uses three key components—Autonomous Economic Agents, <br>—Open Economic Framework, and <br>—Fetch Smart Ledger — to provide the tools and infrastructure for a smart AI-based autonomous economy. <a href="https://t.co/mskDYYTw30">pic.twitter.com/mskDYYTw30</a></p>&mdash; MissionTisa (@MissionTisa) <a href="https://twitter.com/MissionTisa/status/1662869077499707392?ref_src=twsrc%5Etfw">May 28, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>$FET is the native token of the protocol is used to secure the network as well as to pay for transaction costs as well as staking. Currently, the $FET token has a market capitalization of $209m and trades at approximately $0.256.</p>



<p></p>



<h2 class="wp-block-heading" id="strong-4-selfkey-key-strong"><strong>4. Selfkey ($KEY)</strong></h2>



<p><a href="https://selfkey.org/">SelfKey</a> is building a blockchain-based identity system on Ethereum that allow individuals, companies, exchanges, fintech startups, and banks to truly own, control, and manage their digital identity.</p>



<p>They provide services that ensure your privacy online and prevents bad actors from obtaining or selling your data.&nbsp;</p>



<p>SelfKey aims to offer individuals a secure means of verifying their identity through AI-Powered proof of individuality methods.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f916.png" alt="🤖" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f510.png" alt="🔐" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Artificial intelligence has amazing potential and it can be used for so many good things. Here’s how SelfKey utilizes it in its goal to prevent data breaches and identity theft in the future:  <a href="https://t.co/IGFpVVs7QW">https://t.co/IGFpVVs7QW</a><a href="https://twitter.com/hashtag/SelfKey?src=hash&amp;ref_src=twsrc%5Etfw">#SelfKey</a> iD <a href="https://twitter.com/hashtag/DigitalIdentity?src=hash&amp;ref_src=twsrc%5Etfw">#DigitalIdentity</a> <a href="https://twitter.com/hashtag/Privacy?src=hash&amp;ref_src=twsrc%5Etfw">#Privacy</a> <a href="https://t.co/YmvLAQWxAq">pic.twitter.com/YmvLAQWxAq</a></p>&mdash; SelfKey (@SelfKey) <a href="https://twitter.com/SelfKey/status/1663077780509130754?ref_src=twsrc%5Etfw">May 29, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>$KEY currently has a market cap of $47.6m, with a max supply of 6 billion $KEY. It&#8217;s native token currently trades at $0.00897.</p>



<h2 class="wp-block-heading" id="5-matrix-ai-network-man">5. Matrix AI Network ($MAN)</h2>



<p>Founded in 2016, the <a href="https://www.matrix.io/">Matrix </a>1.0 blockchain platform is the first AI-optimized blockchain platform. </p>



<p>Low transaction speeds, lack of security, the complexity of usage, and squandered resources are four key concerns in blockchain that Matrix 1.0 addressed with AI technology.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Avatar Intelligence will consist of two main components: data collection and processing.<br><br>In MATRIX 3.0, user brainwave data will be collected to create a personalized dialogue assistant, utilizing a unified network that combines sparse personalized data with pre-trained methods. <a href="https://t.co/8qHIarmu2i">pic.twitter.com/8qHIarmu2i</a></p>&mdash; Matrix AI Network (@MatrixAINetwork) <a href="https://twitter.com/MatrixAINetwork/status/1644723245210390528?ref_src=twsrc%5Etfw">April 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The Matrix 2.0 upgrade constructed a blockchain-based AI economy based on data, computer power, and AI models. </p>



<p>A self-evolving AI platform with aggregated processing power, safe data management, transparent data sharing, and access to an ever-growing set of on-chain AI data, models, and applications.</p>



<p>Now at Matrix 3.0, the network now blends neuroscience with AI and Blockchain.&nbsp;</p>



<p>The ambitious project is now working on&nbsp;Avatar Intelligence (AvI), which aims to realize a similar scenario to the Matrix films where the human brain is uploaded to the Internet, or where a program identical to a user&#8217;s brain is created on the Internet.&nbsp;</p>



<p>This means everyone can have their digital avatar in the Metaverse. This avatar can be used to live life and do various tasks in the Metaverse under each users&#8217; authorization.&nbsp;</p>



<p>$MAN has a market cap of $6m with a maximum supply of 1bn, and is currently trading at $0.0293.&nbsp;</p>



<h2 class="wp-block-heading" id="6-image-generation-ai-imgnai">6. Image Generation AI ($IMGNAI)</h2>



<p><a href="https://imgnai.com/">Image Generation AI</a> is a protocol that allows users to turn text into images. Running on Ethereum, their flagship product “Nai” is an AI-powered image generation bot which users can use to generate images in a variety of styles from photorealism to anime all via simple text commands.&nbsp;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;" />RESOLUTION UPGRADE <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;" /><br><br>Today we announce a massive resolution upgrade <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f495.png" alt="💕" class="wp-smiley" style="height: 1em; max-height: 1em;" /><br><br>Beta users can now access “super hi-res” dimensions &#8211; with output up to 1024 pixels <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;" /><br><br>This upgrade is critical to nsfw realism as well as our upcoming web app!<br><br>Full details below <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f60a.png" alt="😊" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f495.png" alt="💕" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/re6Pi1AFym">pic.twitter.com/re6Pi1AFym</a></p>&mdash; imgnAI ($imgnAI) (@imgn_ai) <a href="https://twitter.com/imgn_ai/status/1656727779432624130?ref_src=twsrc%5Etfw">May 11, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Nai is available for use on Discord and Telegram.</p>



<p>$IMGNAI has a market cap of $29.5m and a max supply of 1B and it is currently trading at $0.038.&nbsp;</p>



<p><strong>Also Read: <a href="https://chaindebrief.com/profitable-projects-5-undervalued-cryptocurrencies-with-high-revenue/">Profitable Projects: 5 Undervalued Cryptocurrencies With High Revenue</a></strong></p>



<p><em>[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]</em></p>



<p><em>Featured Image Credit: Chain Debrief</em></p>



<p>This article was written by Godwin Okhaifo and edited by Yusoff Kim</p>

Could The NVIDIA Rally Benefit These 6 Cryptocurrency Tokens?

Table of Contents

Chain Debrief

Other articles published on Jun 3, 2023

Polygon Joins Taurus for Revolutionary Tokenized Asset Trading

DeFi Powerhouse Blur Sets New Record with All-Time High Total Value Locked

MUFG Collaborates with Progmat Coin to Enable Japanese Bank-Backed Stablecoins

Fortnite’s Twitter Account Got Hacked for Promoting Cryptocurrency

Etherscan introduces advanced filtering tool in beta for blockchain analysis

What is a Rug Pull and how Bridge Oracle is far from being considered such a scam?

Join our free newsletter for daily crypto updates!