AI Crypto News That Is Taking The Market By Storm

In sectors like crypto, AI has the potential to revolutionize operations. Artificial intelligence can simplify cryptocurrency transactions and smooth out user journeys (one of the hindrances of widespread global adoption). This will likely accelerate the growth of crypto as a legitimate replacement for out-dated financial systems. DeFi can only compete with TradFi when it is just as easy to use.

Here are some AI Crypto news that is taking the market by storm:

• Consensus crypto conference – Startups working to bridge crypto with AI are getting the most funding, For example, the largest venture capital deal in crypto in the first quarter was on behalf of Together AI, which builds an open-source, decentralized cloud platform that helps developers to train and use their AI models,
• NEAR is attempting to position itself at the forefront, as the intersection between AI and blockchain. The company is planning to hire AI engineers as part of its 3-6 month roadmap to building user-owned AI.
• SingularityNET, Fetch.ai and Ocean Protocol join forces to create the ASI token, promoting an integrated AI crypto. Announced for June 11, the merger marks a key step towards decentralized AI innovation.
• In another AI Crypto news Microsoft is paying close attention to artificial intelligence and crypto verse too, including ways that blockchain technology and AI might one day support each other.

Do you that AI is transforming the crypto industry in several ways?

• It aids in fraud prevention by detecting suspicious transactions and providing a safety net for investors.
• It speeds up transactions, reducing processing time from 24 hours to mere seconds. 
• AI can also enhance data gathering and analysis, offering market insights to guide investors. 
• AI can optimize portfolio management by evaluating investments and identifying those that need rebalancing. 

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