With the rise of AI, and consequently AI crypto, the integration of AI solutions in blockchain ecosystems is becoming more popular. Recently, two major players in the market, XRP, and Filecoin have begun to explore AI support from top players such as Fetch.ai, Avorak AI, and SingularityNET.
What is XRP?
XRP is a cryptocurrency developed by Ripple. XRP was created to facilitate fast and secure international payments. It is the native cryptocurrency of the XRP Ledger, which is an open-source, decentralized blockchain platform. The XRP Ledger was designed to be a more energy-efficient alternative to the Bitcoin blockchain. XRP is used to settle transactions, and it has been used by several financial institutions and payment processors to facilitate cross-border payments.
What is Filecoin?
Filecoin is a decentralized storage platform that allows users to store, retrieve, secure, and manage data. The platform uses a proof-of-replication and proof-of-spacetime consensus algorithm to ensure the security and immutability of data stored on its network. Filecoin enables users to earn Filecoin (FIL) tokens by renting out their unused storage space to other users on the network.
XRP and Filecoin: AI crypto support
XRP and Filecoin are both exploring the integration of AI to enhance their capabilities. By partnering with AI providers, these ecosystems can improve their transaction speeds, security, and overall efficiency.
What is Fetch.ai?
Fetch.ai is a decentralized AI platform that allows users to create and deploy AI agents to perform complex tasks autonomously. These agents can be programmed to perform a variety of functions, such as data analysis, prediction, and decision-making. Fetch.ai’s technology can be used to optimize supply chains, energy networks, and financial systems.
What is SingularityNET?
SingularityNET is a decentralized AI platform that enables users to create, share, and monetize AI services. It provides a marketplace for AI developers to offer their services to other users on the network. SingularityNET’s technology can be used to create intelligent chatbots, recommendation engines, and predictive analytics.
What is Avorak AI?
Avorak AI is a new decentralized AI platform focused on providing personalized AI services to individuals and businesses. It uses advanced algorithms to provide solutions that are tailored to each user’s needs. For example, Avorak Write includes plagiarism-detecting APIs that correct and edit texts according to the user’s specific requests as seen below.
Avorak Trade works on different exchanges, can generate large sets of indicators, and includes other trading services such as TradingView. Like all Avorak AI products, Avorak Trade will be accessible to AVRK holders through a text or voice-to-text input system. No code inputs are required.
The project is built on the Binance Smart Chain to offer its users a fast, safe, and time-tested blockchain basis. The platform also successfully completed an audit by CyberScope to assure the safety of its users’ assets. Twitter and YouTube have been blazing with news of Avorak’s ICO. Crypto analysts such as AlienCrypto and Cilinix Crypto believe that AVRK’s price, which is at $0.105 in the current phase of ICO, is a complete bargain when compared to its use cases.
Avorak’s wide range of services which also includes chatbots and deep learning algorithms can provide significant advantages to XRP and Filecoin.
Conclusion
By partnering with top AI providers such as Fetch.ai, SingularityNET, and Avorak AI, XRP and Filecoin are taking steps towards unlocking the full potential of their platforms. It will be interesting to see how these partnerships develop and what new innovations they will bring to the cryptocurrency market.
For more information on Avorak AI:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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