Microsoft is making a big bet in a new sector, Artificial Intelligence (AI), which could shape the future of technology and the crypto industry for years to come. The latter sector looks set to benefit from the growing trend and billions flowing into products and services.
Today, Microsoft confirmed plans to release millions of dollars in capital to Open AI, the company behind the popular programs ChatGPT, Dalle-E, and others. Thus, the company gives the first step in the technological race that will heat up in 2023.
Microsoft Bet Predictions New Trends in Crypto?
In the crypto industry, several projects are trying to use blockchain, big data, and artificial intelligence to provide new solutions. The study of the Trading Browser has revealed the projects that most attract the attention of users.
These projects will benefit in the future. With the rising price of Bitcoin and a multi-billion dollar investment from Microsoft that will attract the attention of other giants, such as Google and Facebook, crypto AI is a potential sector to watch in the year.
According to the report, there are 10 cryptocurrencies that are attracting the attention of users. The first of these projects is The Graph, a Coinbase-backed project that operates as an indexing protocol for “query networks” such as Ethereum and IPFS.
The project has seen more than 8,100 global monthly searches on Google and will likely see another boost in metrics as AI becomes a more important trend. Graph has partnered with Ethereum’s second layer solution, Optimism, and Celo’s Ethereum Virtual Machine (EVM) project.
In addition to search volume, the project’s original token GRT has seen a 52% rally over the last 30 days and a 27% rally over the past two weeks. Most of these benefits are moving in tandem with Microsoft’s investment and the surge in popularity of ChatGPT.
In addition to The Graph, Aion (AION) and Fetch.ai have seen a surge in search volume. The project records about 8,000 searches per month. These metrics have also increased in the past 30 days, coinciding with Microsoft showing public interest in the sector, as seen in the chart below.
During this period, AION has seen bullish price action similar to GRT. The token recorded a profit of 25% in 30 days. Fetch.ai’s original token, FET, recorded a 216% increase this month alone, showing the strength of this trend and the potential to continue the rally as crypto emerges from its long winter.
Other AI Tokens To Watch In 2023
The report also lists Cortex, Covalent, Measurable Data Token, PARSIQ, Pawtocol, Xmon, and Cindicator due to Google’s global search volume. In addition to these projects, The Singularity Network caught the attention of the crypto community.
This AI ecosystem and market wants to decentralize this technology. Founded by Ben Goertzel, the project has partnered with IOG, the company behind Cardano, Hanson Robotics, Swae, TODA, and other AI-based projects to “democratize” the sector and bring more power to users.
It remains to be seen if this trend will be the next bullish cycle of non-fungible tokens (NFT) or decentralized finance (DeFi). Both these sectors entered the mainstream and earned billions from investors in a short period of time.