Can AI Drive the Bull Market in the Crypto World? Bankless Analyzes the Interaction Between AI and Crypto.

Since the emergence of ChatGPT last year, the use and application of AI have become the hottest topic in the world. What kind of connection can there be between AI and the crypto world? What kind of sparks can fly between them? Through this article by Bankless, let's explore the important relationship between AI and cryptocurrencies, and how these connections are driving the arrival of the next major wave of innovation and growth in Web3!

Open AI and Token Governance

The chatbot service ChatGPT has shown miracles, but its codebase belongs to OpenAI, a private company.

However, in the cryptocurrency field, many people support open-source development and public software. Therefore, DAOs can use ERC20 tokens to run their decentralized computing markets and train a public, open-source AI!

DAOs can incentivize ongoing contributions of computing resources for model training and reward contributors with tokens. The complexity of AI training can be managed by attracting skilled contributors and using token rewards, while using token voting to decide on important matters related to training, or to address ethical and legal guidelines.

Zero-Knowledge Proofs + Machine Learning = Zero-Knowledge Machine Learning

Last week, Accelxr published an article, outlining the potential of combining machine learning with zkSNARKs, a type of zero-knowledge proof smart contract. Machine learning is a subfield of AI centered on helping computers understand and create predictions from data.

The idea is to add "Zero-Knowledge Machine Learning" (zkML) functionality to smart contracts, making them more complex and intelligent systems that can make decisions based on real-time blockchain data, rather than static code programmed initially! This will make for powerful smart contracts!

Authenticity Verification

Crypto investment firm Bitwise CEO Hunter Horsley mentioned:

AI will create a lot of images, music, software, and it will be hard to distinguish between real and fake. In this scenario, the importance of protecting against fraud, deep fakes, plagiarism, and verifying the authenticity of the content/creators/people you interact with will become crucial. Technologies like public key/private key encryption, zero-knowledge proofs, etc., can play a significant role.

In the future, we will see more people using their public ENS names to sign content for "notarized authenticity."

Explosion of AI-Generated Content

AI is making it easier for people to become content creators. Imagine the director being seen as the author of a movie, with a unique vision and control over the film. Now, AI can make us all "directors" because all we need to do is give instructions, and AI can easily prepare music, scripts, videos, etc., according to our ideas.

Animation studios, metaverse projects, or Web3 gaming companies can all benefit from AI. For example, the Parallel team, producers of a sci-fi card game based on NFTs, is already exploring how to enhance their game ecosystem through AI agents.

The Future of AI in the Crypto World - Bullish

According to a report by Bankless, the integration of AI and the crypto world is not just a possibility but gradually becoming a reality with strong potential in the Web 3 world. Integrating AI into decentralized systems can revolutionize various aspects from content verification to smart contracts, making the future of the crypto world promising. Therefore, Bankless concludes - Bullish!