While the text-based artificial intelligence (AI) platform ChatGPT can be used by cryptocurrency enthusiasts for entertainment, such as writing a rap song about Bitcoin (BTC), its usability in the crypto space stands out for crypto education and adoption, far beyond its entertainment value. As a result of the latest developments in the field of artificial intelligence, these artificial intelligence coins are on the rise. Here are the details…
Binance shared its AI observations
ChatGPT generates human-like answers to questions on a wide variety of topics, including blockchain and crypto technology, allowing beginners to learn about concepts such as proof of work (PoW), Bitcoin mining, and more. This issue is also mentioned in a blog post published by Binance on February 10. According to the observations of the crypto exchange, the following points are very important:
ChatGPT has the advantage of helping to clarify concepts in an interactive and conversational way. Users can also keep asking questions until they feel they have a full understanding of the crypto-related topic they are interested in.
As his team discovered when he asked the chatbot to explain Bitcoin like a 1920s gangster, ChatGPT really has the ability to simplify complex concepts and present them in a beginner-friendly way. The results are entertaining but also very informative. For users looking to immerse themselves further in the crypto space, the AI bot can shorten the learning curve and make it easier for individuals and businesses to start using crypto, thereby increasing cryptocurrency adoption.
ChatGPT has many advantages
The Binance team said that as their capabilities grow further, ChatGPT can help more advanced users code their crypto trading bots and terminals and assist them with smart contracts, thus allowing them to actively participate in the building of the innovative industry. For now, the chatbot could be quite useful to weigh in on the legal battle between Ripple and the SEC, as well as provide insight into the future behavior of certain cryptocurrencies, such as the likely price of Shiba Inu (SHIB) or the XRP token in 2030.
The release of OpenAI’s chatbot, ChatGPT, which made a huge splash on the internet, is probably the most important development in artificial intelligence (AI) in recent years. In just a few short months, nearly a million unique users are chatting with the AI bot that, in addition to answering normal questions, can explain codes, scientific concepts, produce basic academic papers and even write scripts for horror movies.
Still, with all the useful features that AI ChatGPT provides, it isn’t devoid of its downsides, and some of them are pretty well known to the general public at this point. One of the biggest drawbacks is the lack of internet access, which prevents ChatGPT from providing real-time data. It is only capable of retrieving the data provided to it when it was under development in 2021.
Although unconfirmed, CryptoGPT reportedly has applications with 2 million users and is the only AI platform that comes close to the success of ChatGPT. Additionally, looking at the roadmaps reveals plans for an upcoming NFT collection launch and an upcoming token generation event via a crypto launchpad.
These AI coins are gaining momentum
With things going well in the cryptocurrency market right now, AI-related coins like SingluarityNET (AGIX), Ocean Protocol (OCEAN), and Fetch.AI, with the price of The Graph (GRT) leading the industry at a massive $1.5 billion. showed significant price increases. The rise continues today. In the images below, you can see the top 5 coins in the last 24 hours and the top 10 coins in the last 7 days:
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