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Joerg Hiller Oct 22, 2024 18:06 The intersection of cryptocurrency and artificial intelligence (AI) is reshaping industries, offering new opportunities for decentralized finance and programmable money, according to Pantera Capital. Crypto as the Infrastructure for AI’s Growth The convergence of cryptocurrency and artificial intelligence (AI) is creating a transformative impact on industries, reshaping how these technologies are utilized in tandem. According to Pantera Capital, the role of crypto in the AI landscape can be likened to the essential infrastructure needed during a gold rush, providing the tools and systems necessary for AI’s expansion. Cryptocurrency, with its inherent scarcity, contrasts with AI’s abundance, offering a strategic value proposition. This dynamic is reminiscent of the ‘Diamond Water Paradox’ proposed by economist Adam Smith, where scarcity can drive value despite practical utility. In this context, crypto acts as a critical component for AI’s distributed future, serving as a reliable input and transactional platform. AI Agents and Programmable Money AI agents, programs utilizing programmable money, are emerging as a significant development in this intersection. These agents, unlike traditional bots, operate autonomously on blockchain networks, facilitating transactions and interactions without the need for centralized control. This capability aligns with the decentralized ethos of cryptocurrency, allowing AI agents to function efficiently within the digital economy. AI agents are poised to revolutionize user interaction with blockchain technology by simplifying complex processes and enhancing user experience. They offer a solution to crypto’s user experience challenges by acting as intuitive interfaces that manage intricate blockchain operations. Decentralizing AI with Blockchain The integration of blockchain technology with AI addresses several bottlenecks in data, compute, and model generation. Blockchain provides a decentralized framework that democratizes access to resources, enabling a global pool of contributors to participate in AI development. Platforms like Sahara are leveraging blockchain to create secure, transparent data aggregation…

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Filed under: News - @ October 22, 2024 11:20 pm