Crypto to speed up AI adoption — LONGITUDE panel

 

Crypto to accelerate AI adoption — LONGITUDE panel

Cryptocurrency can speed up synthetic intelligence adoption by serving to AI startups onboard customers, in line with Polygon’s co-founder Sandeep Nailwal.

“You can use crypto incentives and disincentives to onboard users to onboard the ecosystem players,” Nailwal stated throughout a panel dialogue on the LONGITUDE by Cointelegraph occasion.

He added that tasks with efficient onchain incentive buildings would possibly even “build a better AI because you have this incentive engine that brings in developers,” Nailwal stated on May 1.

Cointelegraph’s LONGITUDE is an occasion sequence that brings collectively leaders and innovators from the blockchain and Web3 area for unique discussions.

Joining the panel, Illia Polosukhin, co-founder of the Near Protocol, expanded on crypto’s long-term synergy with AI, forecasting that crypto-native AI brokers might exchange conventional internet utility front-ends as the first consumer interfaces for Web3.

“We don’t want purposes or web sites anymore. Your AI turns into the interface to computing and the web,” Polosukhin stated.

Cryptocurrencies, Dubai, Polygon, Near Protocol
Sandeep Nailwal and Illia Polosukhin talking at Cointelegraph’s LONGITUDE in Dubai. Source: Cointelegraph

Related: AI memecoins will become utility tokens

However, Nailwal cautioned that the rise of AI-related tokens onchain has additionally attracted a wave of opportunistic scams. “We know that 99% of those projects are literally token scams, but very few projects are actually trying to have some meaningful AI project,” he stated. 

The period of Web3 AI brokers

AI brokers are anticipated to tackle a extra distinguished position inside decentralized communities, J.D. Seraphine, co-founder of Web3 developer Raiinmaker, lately told Cointelegraph

According to a report by VanEck, over 1 million AI brokers might enter the market in 2025, with a lot of them tied to decentralized finance purposes. Such brokers are already reshaping the digital economy, constructing decentralized purposes, launching tokens, and interacting with people autonomously. 

Cryptocurrencies, Dubai, Polygon, Near Protocol
AI token cumulative market cap. Source: CoinGecko

“AI is an extremely centralizing force. A few companies could become the warlords of the world,” Nailwal stated. 

“That’s why crypto-native, peer-to-peer AI solutions are so important—they enable privacy-preserving innovation,” Polosukhin stated.

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

Read MoreCointelegraph.com News

More From Author

Litecoin Surges 7% as SEC Prone to Approve Spot ETF with 90% Odds: Analyst

SEC Ditches PayPal’s PYUSD Probe, Eradicating Key Regulatory Hurdle for Its Stablecoin

Leave a Reply

Your email address will not be published. Required fields are marked *