Artificial intelligence is infiltrating every aspect of our lives, and the cryptocurrency industry is not being left behind. In 2024, the interaction between AI and blockchain technologies has become a major trend, attracting the attention of not only enthusiasts but also ordinary users. This symbiosis has opened up new horizons for improving the security, efficiency and automation of decentralised ecosystems.

How exactly is AI changing the crypto industry, which projects have already implemented this technology, and why does this innovation promise to stay with us for a long time? In this article, we'll break down these questions and introduce you to the most promising AI-based crypto projects of 2024.

AI-based crypto projects: what are they and why are they so popular?

AI-based crypto projects are innovative platforms and applications that operate at the intersection of artificial intelligence and blockchain technologies. The main goal of such projects is to improve data efficiency, enhance security algorithms and automate various processes within the network, such as smart contracts, transactions and resource management.

The popularity of AI crypto projects is growing rapidly due to improvements in machine learning technologies and the increasing demand for smarter, more adaptive solutions in the blockchain environment. Today, such projects not only improve existing solutions, but also offer new opportunities in the areas of predicting market trends, managing decentralised systems and protecting data from external threats. The use of AI helps to reduce errors and costs as well as increase the speed of operations.

Why does the crypto industry need AI?

- Transaction validation.

Ensuring the reliability of transactions is a constant challenge for the crypto industry. Artificial intelligence can analyse and verify transactions faster and more accurately, reducing the risk of fraud and making systems more resistant to hacking.

- Optimising big data.

The digital economy generates huge amounts of information, and the processing of this data is a massive resource drain. AI can not only analyse large amounts of data, but also learn from it, creating efficient models that simplify decision-making for network participants.

- Supporting decentralisation and protecting against censorship.

AI plays an important role in strengthening the decentralisation of crypto networks by helping to automatically distribute tasks among nodes. In the face of regulatory pressure, the use of AI promotes resilience to external interference and preserves user freedom in decentralised ecosystems.

Top 5 most promising AI crypto projects of 2024

1. Fetch.AI (FET).

A platform for creating autonomous agents that can perform complex AI-enabled tasks such as data processing, transaction execution, and device-to-device interactions. Agents optimise and automate interactions between users and networks, which can be useful in various sectors including finance, transport and energy.

2. NEAR Protocol (NEAR).

An L1 blockchain that provides a scalable, AI-enabled platform for building decentralised applications (DApps). The project aims to improve the speed and reliability of transactions, reduce costs, and increase network resilience.

3. Render Network (RNDR).

A blockchain platform using AI capabilities for decentralised rendering of digital content. The project pools the resources of professionals for fast and high quality rendering, making it particularly popular in the video game and multimedia industries.

4. The Graph (GRT).

A decentralised infrastructure for AI-powered blockchain data indexing. The project bridges the gap between Web2 and Web3 and is actively used to store, organise and integrate decentralised data, improving interoperability with blockchain applications.

5. BitTensor (TAO).

An open source infrastructure built around the SubTensor blockchain, using a unique consensus mechanism called Proof-of-Intelligence (PoI). BitTensor is an ecosystem where AI models are trained and interact with each other to create better solutions for the crypto industry.

The year 2024 was a milestone in the active integration of artificial intelligence and cryptocurrencies. AI is not only helping to overcome the challenges that the crypto industry has been facing for years, it is also opening up entirely new horizons for its further development, promising a global transformation in the world of finance and technology.