What’s New in AI Crypto and Blockchain
AI crypto projects have been transforming the blockchain industry throughout this year, using automated data analysis and decision-making processes, for smarter and more efficient decentralized systems.
Here’s what is new in AI for crypto and blockchain: The Graph introduces a new data standard, NEAR Protocol becomes compatible with MetaMask, and ASI Alliance announces a new staking platform.
The Graph Protocol Introduced GRC-20 Data Standard
The Graph Protocol, which uses AI for improving decentralized indexing and querying capabilities for blockchain data, has introduced a new data standard called ‘GRC-20’.
The standard will potentially replace traditional frameworks like the Resource Description Framework (RDF), which are less suited for the decentralized nature of Web3.
Overall, GRC-20 provides a common language for knowledge. It will allow developers to build interoperable applications that can evolve with the dynamics of Web3 technologies.
“Just as ERC-20 standardized value on Ethereum, GRC-20 will standardize data, information & knowledge and bring web3 to life,” The Graph wrote on X (formerly Twitter).
Following the announcement on November 21, The Graph’s GRT token surged nearly 12%.
NEAR Protocol, the blockchain network that supports AI-powered dApps, is now compatible with the crypto wallet MetaMask. Users can now interact with NEAR applications directly through the MetaMask wallet.
Notably, this integration is part of MetaMask’s Snap ecosystem, which extends its functionality to support non-EVM (Ethereum Virtual Machine) blockchains like NEAR.
Also, the NEAR Snap will allow MetaMask to interact with and sign transactions on NEAR, Solana, Cosmos, Tezos, Bitcoin, Sui, Aptos, Algorand, and others.
“Whether you’re a DeFi degen, an NFT aficionado, or a meme hunter, gone are the days of juggling multiple wallets. With NEAR’s Chain Abstracted future, you’ll be able to use your Ethereum wallet to unlock the entirety of Web3,” NEAR Protocol wrote on X (formerly Twitter).
NEAR remains the largest AI token by market cap, according to CoinGecko. The token has gained strong momentum throughout this year, gaining nearly 250% since January.
Artificial Superintelligence Alliance Announces Details for its FET Staking Model
Artificial Superintelligence Alliance (ASI Alliance) has announced details for their staking platform – ASI Train. It will use a unique staking model for Fetch.ai’s FET tokens.
According to the project, investors will be able to stake their FET tokens and earn rewards. It will help support the development of AI models across various industries.
“ASI: Train will allow $FET holders to secure AI foundation models by locking tokens and participate in their economic potential. Foundation models are large-scale, pre-trained machine learning models that offer a starting point for diverse scientific purposes. They’re trained and access a variety of large datasets to specialize on a segment of a certain area,” ASI Alliance wrote on X( formerly Twitter).
ASI Alliance is a collaborative initiative formed by Fetch.ai, SingularityNET, and Ocean Protocol. Established in March 2024, the alliance aims to advance decentralized AI research and development.
Following the establishment of this alliance, the FET token reached an all-time high of $3.45 back in March.
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