Last month, tech giant Microsoft announced it would invest billions of dollars in OpenAI to “accelerate artificial intelligence breakthroughs.” This has made artificial intelligence the new hpye in the crypto world. Tron inventor Justin Sun has announced that Tron will launch a new decentralized payment framework for AI systems. Japanese start-up Jasmy Corporation has announced its roadmap. These developments triggered the rise in altcoin prices.
TRON-supported artificial intelligence move from the inventor of Tron
Tron founder Justin Sun says in a new Twitter thread that the framework will work for artificial intelligence research firm OpenAI and its flagship project, ChatGPT, an AI chatbot that has gone viral in the past few months. The framework covers the smart contract system on the Blockchain, the payment layer protocol, the basic calling SDK, and the AI payment gateway. The decentralized BitTorrent file storage system will use the smart contract system to store user questions and AI results on BTFS.
The payment layer protocol offers support for on-chain stablecoin settlement. In addition, the interaction layer provides users with standard payment and API for AI services. TRX and BTT will be deeply involved to achieve fully decentralized storage and DAO governance. This framework will realize a secure, reliable, tamper-proof, anti-censorship and AI-capable decentralized payment system and help people build a new decentralized, intelligent financial ecosystem.
Justin Sun says that Tron smart contracts enable automatic payments and will streamline the payment process for AI developers. Altcoin price headed north after Sun’s announcement. At press time, TRX was trading at $0.06535, up 2.26% on a daily basis.
Altcoin price skyrocketed after AI roadmap was announced
JASMY, the token of Japanese start-up Jasmy Corporation, saw an increase of more than 14% on the day. JASMY is a generally volatile altcoin. However, the token’s price action today has a fairly fundamental basis. cryptocoin.comAs you follow, JASMY got caught in the artificial intelligence hype after the 2023 project roadmap was announced to the public a few days ago. Among other things, the company’s current plans include the development of its own AI engine in the first half of 2023. At press time, the altcoin was changing hands at $0.007352, up 7.96% on a daily basis.
Are AI coins just a hype?
AI industry altcoin projects have become a major focus amid the growing global popularity of apps like ChatGPT and Midjourney. Although mostly low-capital projects until early 2023, AI token prices have started to skyrocket at a triple-digit rate. Thus, it showed dynamics worthy of a real bull market.
For example, in the last 24 hours, the capitalization of the entire industry rose 25% to $4.75 billion during another revaluation round, according to CoinMarketCap. In fact, JASMY entered this category in line with its new development plan. At the same time, as a crypto startup focused primarily on the Internet of Things, Jasmy Corporation also expects to develop its core business in 2023. So, in addition to the AI engine, there are plans to launch a community donation, develop a fan token platform, and work with data.
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