Both crypto and AI experienced a massive surge of attention in recent years. As their underlying technologies evolved and more companies adopted them for more efficient operations, awareness of both subjects contributed to a better understanding of them. Cryptocurrencies have the potential to expand globally and reach the unbanked, while AI provides opportunities to automate and enhance various types of tasks.
These solutions have evolved into tools that can lay the groundwork for Web3, the future of the internet, where decentralization, scalability, and digital transactions are leading industries. In addition to these developments, stay projects like Render, which ensure unlimited GPU rendering. Those in need of GPU resources can buy them from users who have an abundance of them, creating a fair marketplace where the Render price acts as an intermediary.
Render is one of the rising stars in AI deployment, so let’s see why these projects are special.
Render is the best at cloud rendering
Render is a network that provides a solution to a real-world problem: resources in creative work. The system offers users the opportunity to buy and sell unused GPU power, which is crucial for rendering motion graphics and visual effects. The exchange is facilitated with the Render coin, which ensures the blockchain remains safe and functional.
Considering the demand for 3D rendering and technologies, which usually require complex algorithm calculations, the use of GPU power simplifies the process with:
- Scalability: the decentralized network supports user demands with an open network of rendering service providers;
- Optionality: users who commission a job or farm out their GPU have numerous options to choose from based on their price ranges and needs;
- IP protection: with record-keeping and encryption, Render provides immutability on the blockchain and protection for the creator’s rights;
While the Render network is built on the Ethereum blockchain, a significant portion of its operations takes place within the rendering application OctaneReader. It also works with the Proof-of-Render consensus mechanism, which is built around automated and manual inputs. It’s somewhat similar to Proof-of-Work, but it’s considerably more efficient.
Cortex is a world computer that runs AI apps
Cortex is another growing project that leverages artificial intelligence. It helps deploy AI models within the blockchain, enabling developers to more effectively integrate AI into smart contracts and decentralized applications (dApps). The Cortex ecosystem addresses the demand for on-chain AI execution with its Cortex Virtual Machine (EVM), which supports the integration of machine learning and utilizes GPUs for executing AI models.
Another notable function of the Cortex includes the following:
- The AI Interference Engine allows for on-chain AI interference without off-chain solutions in the case of heterogenetic computing ecosystems;
- The AI Smart Contract and AI dApp support innovation in real-world situations by layering AI technology with smart contracts and decentralized applications;
- The Decentralizing AI Research secures an open-source ecosystem for researchers and developers to receive rewards for contributing to innovative models;
Numeraire is the future of the AI stock market
Numerai developed Numeraire to support the creation of predictive models in stock market trading. The decentralized hedge fund utilizes AI and machine learning to establish transparent and secure investment systems, crowdsource financial models, and develop predictive trading algorithms.
Data scientists leverage the platform by staking their best models for the stock market, creating a competitive and useful ecosystem. In other words, they build machine learning models based on free and high-quality data, which enables the best predictions by training the models.
The cryptocurrency is based on the Ethereum blockchain, so it can borrow many of its features, including security, fairness, and decentralization. This supported the integration of the Erasure DeFi (decentralized finance) marketplace, marking the beginning of the ecosystem’s growth. For example, Numerai Signals is a product that can democratize access to financial data.
How efficient are these AI coins in the crypto world?
The core of the cryptocurrency industry is innovation, and merging its technologies with artificial intelligence is the best way to prove that. For investors and traders, the acquisition of new developments means good news in the market, so prices are turning positive.
For institutions and governments, this is the perfect time to adapt to the newness. For example, Cloudflare, the American company known for its wide-area network services, has developed its own stablecoin to support a new business model for the AI-driven internet.
According to Binance.com Research, “Cloudflare’s NET Dollar stablecoin reflects the growing demand for AI-native payment infrastructure, designed to power autonomous agents with instant, transparent, and programmable transactions. It’s a bold step toward a more open and sustainable Internet economy.”
Will AI survive in this industry?
AI is a fast-paced tool that extends to a wide range of industries. It’s still in its early years, so establishing a presence in a specific sector or business is challenging, which is why developers and enterprises are experimenting with it now. However, AI will be considerably useful in the crypto and blockchain areas, as it could supply them with large volumes of data, increased transparency, and create more secure environments.
More exactly, in the case of cryptocurrencies, AI has the potential to automate transactions, predict market trends, and analyze market sentiment. Therefore, it offers users the opportunity to spend less time researching or second-guessing market indexes and focus more on rebalancing their portfolios and updating their strategies.
When it comes to blockchain technology, AI shares some of the blockchain’s values, including authenticity, augmentation, and automation. Using both at the same time can enhance data security by addressing explainable AI, taking blockchain-based companies to the next level of intelligence, and embedding it in smart contracts to execute transactions or resolve disputes.
What do you think about AI in decentralized systems?
AI and blockchain are leading the markets towards a more automated and efficient industry. Whether it’s through analyzing huge amounts of data or securing transparency for enterprises, combining them into AI digital projects prepares the world for innovation. Coins like Render, Cortex, and Numeraire are offering solutions to real-world problems for developers, companies adopting blockchain, and creators, who can now tap into the world of automation more easily. Considering AI is an important tool for blockchains and vice versa, we’re excited to see what the future holds.
