The prominence of artificial intelligence (AI) has escalated over recent years, particularly in its integration into the cryptocurrency sector. Instead of laying the groundwork for new projects, current ventures are aligning with established AI structures to effectively merge AI with crypto technologies. Among these initiatives, Animoca Brands has surfaced as a significant investor.
What Role Does AI Play in Crypto?
Based in Hong Kong, Animoca Brands was established in 2014 and functions in both the gaming and venture capital arenas. A recent announcement by IoTeX revealed that Animoca Brands has adopted significant roles within its network, acting as both a network validator and an ecosystem collaborator.
How Is Real-Time Data Revolutionizing AI?
Most contemporary AI systems depend on static data sets, which effectively disconnect them from the real world. IoTeX endeavors to bridge this gap by providing real-time, credible data gathered from millions of devices across decentralized physical networks (DePINs). This verified information is critical for AI models operating in evolving environments.
Animoca Brands’ recent investments strengthen IoTeX’s network. With backing from more than 540 projects, their support for IoTeX reflects shared objectives and is a pivotal development.
Following the announcement, IoTeX’s IOTX token saw a substantial surge, reaching a peak of $0.032. Although it later settled at $0.0306, significant gains remain, largely driven by the partnership news.
“The integration of AI with blockchain promises transformative changes, and we’re excited to be at the forefront of this evolution,” expressed an Animoca Brands representative.
Concrete outcomes from these developments include:
- Animoca Brands’ dual role boosts credibility and trust within the IoTeX network.
- Real-time data integration significantly enhances AI capabilities.
- IoTeX’s influence could extend across various sectors like robotics, energy, and healthcare.
These ventures demonstrate substantial evolution within the crypto landscape, with AI playing an increasingly central role. The partnership between Animoca Brands and IoTeX underscores a forward-thinking approach, anticipating further advancements in their collaborative efforts.
