The best money for AI is crypto – Cointelegraph Magazine

For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens.

“Those are just fundamental buzzwords,” explains Near blockchain founder Illia Polosukhin, who worked on the groundbreaking “Attention Is All You Need” research that led to large language models like ChatGPT and Claude.

As one of the few people in the world who are as well versed in AI as they are in crypto, Polosukhin says that if you ignore the hype, the technologies really are a good fit.

“There’s a lot of specific things both in AI and Web3 that can use each other or benefit each other,” he says.

Magazine spoke with Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to examine some of the key hype-free, genuine use cases for AI in crypto and blockchain. 

Over the next week, we’re rolling out one genuine use case for AI in crypto each day — including reasons why you shouldn’t necessarily believe the hype.

The best money for AI is crypto

Everyone from Circle boss Jeremy Allaire to former BitMEX CEO Arthur Hayes to Animoca Brand’s Yat Siu is convinced that crypto will be the currency of choice for AI agents.

After all, LLMs are unable to get access to bank accounts but can easily make payments using a funded crypto wallet, and they’re well suited to interacting with the logic of smart contracts and DeFi protocols.

The humans delegating the funds in the wallet can set the overarching strategies and rules, and then observe how the AI agent has performed using the transparent record on the blockchain.

Allaire says that AI “and blockchains are made for each other,” with the tech suited to “machine-generated and enforced contracts”…