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Crypto AI Projects Surge Following Unexpectedly Positive NVIDIA Earnings Call
Arman Shirinyan
Artificial intelligence and cryptocurrencies are growing in tandem, thanks to Nvidia’s recent earnings surge
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Demand for processing power is through the roof right now, and with NVIDIA’s earnings coming in yesterday, the surge in demand sees a surge AI encryption products, covered by DFWVentures.
THE NEAR The protocol, in building the largest AI consumption chain for users, has directed more efforts towards the same goal. An AI developer incubation program could be made possible through the attraction of developers who use the provision in terms of support in various sub-sectors of AI, being useful for increasing innovation and adoption within the NEAR ecosystem.
Another case is AO which combines data storage on Arweave with horizontal scaling of computation in a highly efficient layer. This union addresses/mitigates common issues such as memory usage and compute workloads, while increasing the scope for various use cases for on-chain agents.
Already, through community activation and hackathons, several projects are developing on AO, including projects like Autonomous AF, 0rbitco, and aox_xyz. Certainly, with more incentives and a major announcement coming in early June, the AO ecosystem He’s one to keep an eye on.
While there are plenty of “Web3 Hugging Faces,” none of them offer enough incentive for contributors to support the sustainability of the models. The Ora protocol solves this problem and the created model is tokenizable via its initial model offering (IMO).
Token holders will have an incentive provided to their owners by dividing revenues across ownership, using Ora’s pioneered ERC-7461 standard for fair and transparent distribution of ETH rewards. The team also made proposals for additional AI-based standards that will help the industry grow.
About the author
Arman Shirinyan
Arman Shirinyan is a trader, cryptocurrency enthusiast and SMM expert with more than four years of experience.
Arman firmly believes that cryptocurrencies and blockchain will be in constant use in the future. Currently he focuses on news, articles with in-depth analysis of crypto projects and technical analysis of cryptocurrency trading pairs.