Internet Computer pioneers AI on smart contracts, ensuring tamper-proof and optionally autonomous operation.
Dominic Williams, the creator of Dfinity, the parent company of the Internet Computer (ICP) blockchain, has hinted at the upcoming major release of its Artificial Intelligence (AI) smart contract demo.
Internet Computer Pursuing Real-Life Application
William reports that the protocol plans to integrate facial recognition technology as a significant update in its development of artificial intelligence smart contracts.
Although the specifics remain undisclosed, the creator of Internet Computer asserted that success in this area will undoubtedly provide a significant boost. When it comes to implementing artificial intelligence on smart contracts, the Internet is a prominent pioneer.
People long ago speculated that the cutting-edge technologies of blockchain and artificial intelligence could coexist. In terms of practical application, Internet Computer made an effort to demonstrate how artificial intelligence running on ICP testnets can be tamper-proof and optionally autonomous.
Given that the protocol introduced the artificial intelligence engine to the Web3 ecosystem, Dfinity has hinted at further distinctive enhancements it is making to accommodate this product size.
ChatGPT dominates this age of artificial intelligence, but other cryptocurrency initiatives are innovating clever ways to participate. Three companies, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol, comprise the Artificial Superintelligence (ASI) Alliance, in addition to Internet Computer.
These companies have worked together to build the alliance. By building goods and services that are actually useful, ASI Alliance intends to compete with major technology companies such as Google and OpenAI.
Currently, the alliance is working toward the goal of obtaining the merger approval from each and every member of the particular project. If the merger is successful, we will combine the tokens from the three different protocols into a single token on a 1:1:1 basis.
AI Tokens Go on Rampage
Artificial intelligence tokens are shining brightly within the broader market recovery. After Dominic Williams provided an update that included decentralized artificial intelligence speedups that the team is working on, the native ICP of the cryptocurrency increased by 1.67% to $12.32.
In the span of twenty-four hours, the price of Render (RNDR), a decentralized GPU rendering marketplace, has increased by 1.54%, reaching $10.14. The value of tokens that are part of the ASI Alliance, such as FET, OCEAN, and AGIX, has increased by 2.68 percent, 2.5 percent, and 2.17%, respectively, to $2.301, $0.9619, and $0.96.
Given the greater push for artificial intelligence and the progress that these protocols are making, it is possible that more bullish surges are in store for them all.