Discover how the fusion of AI and web3 is revolutionising the tech industry with innovative applications across blockchain networks, enabling fairer remuneration, enhanced functionality, and democratized data access.
Sara, an expert on cryptocurrency evaluations and digital currency price fluctuations, delves into the intersection of artificial intelligence (AI) and web3, two technologies often discussed together despite their separate origins.
AI and web3, when combined, demonstrate a potential greater than their standalone capabilities. AI benefits significantly from the data transmission and storage functionalities inherent in web3 networks. Various successful implementations highlight numerous advantages of integrating AI with web3.
One notable example is droppGroup, a tech developer integrating web3 with AI and machine learning (ML) across multiple blockchains including Base, Polygon, Ethereum, and Solana. droppGroup’s product, droppLink, enables easy deployment and management of AI on these chains by tokenizing each action in an AI model’s lifecycle. This allows for easier metering and monetization of usage, validating authenticity of AI-generated content and training data.
According to droppGroup’s creators, droppLink offers several benefits over existing AI solutions. It ensures fair remuneration for creators and IP owners, abstracts computational requirements, supports micropayments, and democratizes data contributions, granting users greater control and ownership.
In the blockchain industry, AI is utilized creatively to enhance efficiency and solve problems. For instance, in metaverse design, AI expedites the creation of digital content, eliminating the need for 3D modeling. AI also simplifies smart contract creation and verification, enhances web3 onboarding, monetizes spare GPU compute for ML, and matches ads with users’ interests.
Faisal Al Monai, droppGroup’s Chairman and Co-Founder, who previously played a key role in Saudi Arabia’s tech initiatives, underscores the convergence of blockchain, AI, ML, and extended reality (XR) within web3. This convergence is considered a powerful force revolutionizing the tech landscape, with significant industry impact anticipated in the coming years.
Though blockchain and AI technologies aren’t new, their most compelling use cases are still emerging. With products like ChatGTP reaching critical mass in 2022, AI’s enterprise applications are evolving, but consumer applications remain nascent. The envisioned future includes AI-powered smart assistants managing digital finances, aiding in crypto trading, and constructing metaverses, driven by simple human inputs.
In sum, AI and web3 are becoming increasingly intertwined, promising significant advancements and democratized access to powerful technologies.
