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Vitalik Buterin About AI and Crypto Collaboration

Feb 5, 2024
7 min read

Vitalik Buterin, one of the Ethereum (ETH) founders, recently shared some exciting possibilities for using artificial intelligence (AI) in the Crypto World. He came up with a fresh way of looking at how AI and blockchain can team up, breaking it down into four interesting approaches.

Buterin pointed out that the decentralized nature of cryptocurrencies could actually help balance out the more centralized aspects of artificial intelligence. According to him, the transparency in transactions that crypto assets offer might provide a positive income for AI projects. Plus, he highlighted that blockchains are fantastic for storing and keeping track of the data that AI technology really needs.

So, here are the four ways AI and blockchains can team up:

  1. AI takes the lead. This means AI gets involved in processes where the main source of input comes from a protocol involving human participation.

  2. AI becomes a gaming buddy. Imagine AI helping you understand the ins and outs of the cryptocurrency world, making sure everything you sign and all your transactions are crystal clear.

  3. AI sets the rules of the game. This involves AI directly working with blockchains and decentralized autonomous organizations (DAOs).

  4. AI becomes the end goal of the game. Creating networks and DAOs with the main aim of supporting and using AI in the future.

Buterin is hopeful that we'll use AI in these ways for some great purposes. He also pointed out the potential risks, especially when AI is used as an interface and rule-maker, highlighting the challenges of machine learning.

Following Buterin's thoughts, there's been a boost in several AI-related tokens. Tokens like Oraichain (ORAI), Sidus (SIDUS), Phoenix (PHB), Inspect (INSP), and others have seen about a 10% rise after the article has been published. The Bittensor (TAO) token even skyrocketed by more than 22%, hitting a new all-time high.

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