Phala Network – Products, Competitors, Financials, Employees, Headquarters Locations

AI tokens are cryptos that use artificial intelligence to improve the user experience, scalability, and security of blockchain networks. The sudden increase in AI has recently caused a corresponding increase in the interest in AI tokens, with a handful of AI tokens recording crazy price increases in January. Usually, AI tokens support AI projects like decentralised marketplaces, market predictions, and portfolio management. AI-powered tokens can also give governance rights to their holders and for transactions. In some quarters, the new year is being branded as the “The Year Of AI.” Although it has existed for some years, the big explosion in interest in AI came in November 2022 with the launch of ChatGTP , following up with Google’s newly launched Bard . So, it is not surprising that it is also having a significant influence on the crypto industry. AI use cases are nearly limitless, and the blockchain/AI are being mixed in new and innovative ways. The AI sector has grown fast and is still projected to undergo more expansion over the next several years. This optimistic outlook on AI/blockchain technology should prove extremely beneficial to digital assets performing in the AI sector. Moreover, AI is currently setting the trend in the crypto sector, and experts point to AI as the source of the next bull market. Because of this, we have curated a list of three AI tokens that you can consider. SingularityNET ($AGIX)
SingularityNET is a blockchain-based platform that enables anyone to create, share and monetise artificial intelligence services through its dedicated marketplace. $AGIX is the ERC-20 token of SingularityNET. The AI token has been on an uptrend since the start of the year, driven by the hype of AI-related products and recording about a 900% increase in 2023. SingularityNET’s globally-accessible AI marketplace is gaining traction by penning notable partnerships. Remarkably, the platform recently announced a collaboration with Cardano. Subsequently, the spotlight is on the ecosystem’s token, AGIX, and whether it can sustain AI-centered gains as established firms like Microsoft and Alphabet continue to tussle for the AI market share. Artificial Liquid Intelligence ($ALI)
Artificial liquid intelligence is a token from the Alethea AI network. Alethea AI is a decentralised protocol for creating smart avatars that utilise AI technology to allow characters to interact with people. According to the official website, Alethea says:
“Our mission is to use these technologies to enable decentralized ownership and democratic governance of AI.”
As one of the top AI tokens, the $ALI token serves as the governance token for its platform, allowing token holders to participate in the decision-making process that affects the platform. $ALI also opens the doors into Althea AI’s innovative world of innovation, allowing user access across different projects. Importantly, Alethea is billed as the upcoming competitor of OpenAI by Business Insider, as there is a huge interest in Artificial Intelligence observed in the community. $ALI is an AI token you should look out for, as there are indications that it might match or likely surpass established AI tokens like Graph and Fetch soon. Phala Network ($PHA)
Phala Network is a privacy-focused cloud computing network for existing cloud services. It mainly focuses on protecting and maintaining the integrity of the privacy of various programs and uses TEE-Blockchain Hybrid Architecture for its infrastructure. This AI crypto project is based on Substrate and runs as a para chain in the Polkadot ecosystem. Importantly, it is considered one of the most promising projects in the Polkadot ecosystem based on privacy. $PHA , the native token of Phala Network, is a vital factor for purchasing trusted computing resources, community governance, and more. It is one of the AI tokens you should look out for. Technext Newsletter