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Check out 5 potential AI projects that you can’t miss

Check out 5 potential AI projects that you can’t miss

Odaily2024/08/15 04:30
By:Odaily

Original author: CRYPTO, DISTILLED

Original translation: TechFlow

The bull market is a marathon, not a sprint. The big winners of 2025 may still be unknown.

Here are five projects Im keeping a close eye on.

Project 1 - Nillion:

Nillion is building the foundational layer for private data on the internet.

It incorporates more than 8 privacy-enhancing technologies to create a secure network.

Founded by former Uber and Google experts, Nillion is set to revolutionize the field of artificial intelligence with its blind computing technology.

Recently valued at $400 million , the NIL token is expected to launch in the third quarter of 2024.

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Source: Nillion

(i) How does Nillion work?

Nillion uses cutting-edge privacy technologies such as multi-party computation (MPC) and fully homomorphic encryption (FHE) to securely process encrypted data.

Working principle:

  • Preprocessing: Data is masked and wrapped to ensure privacy.

  • Computation: Masked data is sent to nodes for processing, keeping the original information hidden.

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Source: Nillion documentation

Project 2 - Grass Network:

Grass is the worlds first Layer 2 data aggregation solution.

It leverages the bandwidth of over 2 million users to power AI training on the Solana blockchain.

With more than 4x growth year-to-date and a potential token launch, Grass aims to become the backbone of AI data.

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Source: Syndica on X

(i) Navigating the AI data boom:

As artificial intelligence develops, the demand for data continues to grow.

Training an AI like GPT-5 is estimated to require 80 trillion data tokens, a six-fold increase compared to the GPT-4 model.

As costs rise, tech giants like Google are making huge bids for data, such as offering $60 million for Reddits data.

In this context, Grass Network aims to keep data access fair and open.

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Source: Decentralised

Project 3 - Ritual Network:

Ritual brings artificial intelligence to the chain, enabling developers to embed AI models directly into smart contracts on the chain.

Ritual is unique in that it provides AI verification through zkML and opML technologies.

Token details have not yet been announced.

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Source: Ritual

(i) Ritual Superchian:

Ritual is also developing Ritual Superchian, a modular infrastructure for efficient AI computing.

It has specialized components for tasks like AI reasoning and knowledge distillation, all within a single AI virtual machine.

Simply put, it ensures seamless and secure integration of various blockchains and AI models.

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Source: Ritual

Project 4 - Allora Network:

Allora is a self-improving decentralized AI network that recently raised $35 million.

It aims to democratize advanced AI and provide context-aware intelligence to the global community.

Allora covers topics such as asset price prediction, social sentiment analysis, and natural language generation.

Here is an overview of its key features:

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Source: Allora Network

(i) ALLO Token Model:

ALLO tokens use a Pay-What-You-Want ( PWYW ) model, allowing holders to set their own fees for inference.

If there are no fees, no rewards will be given, which will reduce the weight of the topic and redistribute emissions.

This flexible approach allows for price discovery through market dynamics. The token launch date has not yet been announced.

Project 5 - Peaq Network:

Peaq Network is a L1 blockchain designed specifically for Decentralized Physical Infrastructure Networks (DePIN).

It is the largest and fastest growing DePIN ecosystem with over 750,000 devices and more than 30 DePIN networks.

PEAQ is expected to be launched on Coinlist in the second quarter of 2024 and is currently in the final pre-launch stage and is not yet publicly traded.

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Source: Peaq Network

(i) Key Network Enhancements:

Peaq enhances DePIN with specialized features such as machine ID. Here is a brief overview of Peaq’s core fundamentals:

Check out 5 potential AI projects that you can’t miss image 8

Source: Peaq documentation

Curious about artificial intelligence?

While I am optimistic about the long-term prospects of cryptocurrency, I know it is not the only game in town.

If you’re willing to explore new opportunities, AI is definitely worth paying attention to.

Take a look—you might discover new ways to boost your profits.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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