3 AI Friendly tokens for the 2023 portfolio: Fetch (FET), RenQ Finance (RENQ), The graph (GRT)
Artificial intelligence is one of the most promising fields that have the potential to revolutionize various industries. The use of blockchain technology and AI together can bring unprecedented advancements in the digital world.
In the crypto market, many tokens are AI-friendly, and some are gaining significant attention due to their potential. In this regard, three tokens stand out: Fetch (FET), RenQ Finance (RENQ), and The Graph (GRT).
These tokens are predicted to have a significant impact on the market and offer exciting investment opportunities. Among these tokens, RenQ Finance (RENQ) is an ideal option for those looking for faster and bigger growth opportunities.
Fetch.ai is a decentralized machine-learning blockchain network designed to promote the growth of the digital economy without the need for human intervention. The network connects devices, services, and other agents such as people to the Internet of Things, creating a seamless environment for data sharing and collaboration.
With a focus on AI, Fetch.ai provides an infrastructure that supports the development of a decentralized digital economy. The network is composed of suppliers and consumers, while the economy is built around different agents and ecosystems with various purposes and use cases.
The potential of Fetch.ai is vast, as its AI-powered technology can revolutionize multiple industries and sectors. The network’s machine learning and data sharing capabilities make it a valuable asset in optimizing smart cities, supply chains, transport, energy, and even collective learning. Fetch.ai also has the potential to enhance the functionality of smart homes, smart parking, and thermometer agents, among other use cases.
The Fetch.ai dev team is dedicated to advancing the capabilities of the network to enable more widespread adoption and innovation. With its cutting-edge technology and potential for disruption, Fetch.ai is poised to play a significant role in shaping the future of the digital economy.
RenQ Finance (RENQ)
RenQ Finance (RENQ) is a decentralized finance platform that utilizes artificial intelligence to provide users with high-yield rewards through staking and liquidity mining. RenQ Finance is designed to be AI-friendly, meaning that the platform can incorporate AI technologies to improve its services and user experience.
One of the ways that RenQ Finance is AI-friendly is through its use of smart contracts. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. This allows for automated transactions without the need for intermediaries, which can lead to more efficient and cost-effective transactions.
RenQ Finance also uses AI for its prediction models, which are used to determine the best yield farming and liquidity mining strategies. These models are designed to take into account a wide range of data points, including market trends, user behavior, and historical performance, to provide the most profitable strategies for users.
Furthermore, RenQ Finance has plans to further incorporate AI technologies into its platform in the future.
Overall, RenQ Finance’s focus on incorporating AI technologies into its platform sets it apart from other decentralized finance platforms and could lead to further growth and innovation in the DeFi space.
The Graph (GRT)
The Graph is a decentralized protocol that uses Distributed Ledger Technology (DLT) to gather blockchain data without intermediaries. The goal is to promote decentralization and make data easily accessible by creating a global API for indexing, organizing, and querying information through the GraphQL programming language.
Since launching the main net, The Graph has enabled the complete decentralization of applications and created a network of service providers where dApps can operate without hindrance. By using public APIs called subgraphs, thousands of dApps can function on the network. To date, The Graph main net already hosts hundreds of these apps.
The Graph raised $12 million from its public token sale and an additional $5 million from a private sale funded by Coinbase Ventures, Digital Currency Group, and Framework Ventures. Multicoin Capital invested $2.5 million in The Graph.
The Graph mainnet relies on nodes to operate, and the ecosystem accommodates developers and dApps while providing an ideal environment for indexers, curators, and delegators to participate in the marketplace with GRT tokens. GRT is the native cryptocurrency of The Graph network and is used to allocate various resources within the ecosystem.
If you’re looking for AI-friendly tokens to invest in for 2023, consider Fetch (FET), RenQ Finance (RENQ), and The Graph (GRT).
These tokens provide unique value propositions and have the potential to increase in value as more developers and companies use them for AI development.
However, it’s essential to remember that investing in cryptocurrency is a high-risk, high-reward venture, and investors must do their own research and due diligence before making any investment decisions.
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