As we approach 2024, analysts are anticipating a convergence of artificial intelligence (AI) and web3 technologies, giving rise to a thriving subsector within the cryptocurrency space.
The maturation of both AI and crypto is seen as a catalyst for innovative developments that have the potential to reshape the digital asset landscape, as highlighted by analysts interviewed by The Block in a recent article.
Sandra Leow, an analyst at the blockchain analytics platform Nansen, points to the emergence of AI agents as a significant development that integrates elements from both AI and web3. AI agents are on-chain bots that could play a crucial role in autonomously processing transactions and exchanging value.
Leow envisions a future where AI agents become a primary category of users on the blockchain. She provides examples such as verification management applications utilizing zero-knowledge learning technologies. This suggests a trajectory where the synergy between AI and web3 technologies opens up new possibilities for decentralized applications and services within the cryptocurrency ecosystem.
Symbiotic relationship between crypto and AI
Aligning with Sandra Leow’s insights, Gemini’s 2024 Crypto Trend Report emphasizes the significant potential of integrating artificial intelligence (AI) and web3 technologies to improve privacy, data ownership, and the identification of human-generated content.
The report specifically highlights the symbiotic relationship between decentralized cryptocurrencies and centralized AI, suggesting that this integration has the potential to address the weaknesses associated with centralization in the field of AI.
Furthermore, the report underscores opportunities for privacy-enhanced machine learning facilitated by web3 innovations, such as zero-knowledge proofs. This indicates a growing awareness and exploration of technologies within the cryptocurrency space that not only enhance privacy but also contribute to the advancement and synergy of AI and decentralized platforms.
Generative AI-powered deep fakes
In the realm of generative AI, the report anticipates that as this technology advances, there will likely be a rise in deep fake scams. To counter this, the report suggests a future reliance on on-chain attestation technologies to verify the authenticity of content. The default assumption, it predicts, will be that content is potentially fake unless it can be authenticated through some form of on-chain verification.
This foresight underscores the growing importance of implementing robust mechanisms within blockchain and decentralized systems to combat the potential misuse of generative AI, particularly in the context of deep fake scams. As technology evolves, so does the need for innovative solutions to maintain trust and authenticity in digital content.
Blockchain gaming and the metaverse
In 2024, substantial growth is anticipated in AI-generated metaverses and web3 gaming. Brian Rose, CEO of London Real Ventures, envisions a transformative synergy between AI and web3 that will bring about significant changes.
According to Rose, at London Real Ventures, there is a belief that web3 gaming will play a pivotal role in onboarding the next billion users onto the blockchain. He predicts that AI will be instrumental in constructing the majority of gaming metaverses.
Rose emphasizes that 2024 will not only witness a bullish market but will also mark a game-changing moment with the fusion of AI and web3. This underscores the expectation that the integration of artificial intelligence and decentralized web technologies will revolutionize the gaming industry and contribute to the widespread adoption of blockchain.
