The Intelligent Crypto Thesis

6/5/2022 11:32:00 PM

AI and machine learning will usher in new forms of digital assets from intelligent NFTs to self-determining DeFi protocols. This essay is part of CoinDesk's 'Big Ideas' series.

Roadtoconsensus

'From intelligent NFTs, DeFi protocols to new forms of crypto-assets, the incorporation of artificial intelligence and machine learning is likely to unleash a new era of innovation in crypto,' says jrdothoughts. RoadToConsensus for consensus2022:

AI and machine learning will usher in new forms of digital assets from intelligent NFTs to self-determining DeFi protocols. This essay is part of CoinDesk's 'Big Ideas' series.

Cyberpunk legend, science fiction writer William Gibson’s once said “'The future is already here – it's just not evenly distributed.” That quote could serve us as a philosophical guideline as we think about the path towards intelligent crypto assets. The creation of crypto coincided with the golden era of AI-ML research and technology developments. Today, AI-ML technologies are rapidly becoming mainstream and it’s a matter of time before they become a first-class citizen in the crypto space. The use cases seem to be everywhere. Let’s explore some of the most obvious.

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jrdothoughts consensus2022 It's going to be very interesting. It's hard to imagine the potential of new projects jrdothoughts consensus2022 Guess it can take a huge sum of usdt jrdothoughts consensus2022 “Broth” jrdothoughts consensus2022 All lies..same shiit....steal our money...$SCAM cryto scam is high

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A Look at Cronos: Ethereum & Cosmos Compatible Blockchain for Defi & NFTs | HackerNoonIn this post, we’ll take a look at Cronos, the Crypto.org blockchain platform that has developed solutions that aim to address scalability and interoperability.

32 NFTs Stolen as BAYC and Otherside Discord Servers CompromisedThe Discord servers of BAYC and OtherSide were compromised. 32 NFTs were reportedly stolen.

Seth Green's Stolen Bored Ape 'Saga' Exposes More Woes Regarding NFTsThe humor of Seth Green's Bored Ape fiasco has given way to renewed conversations around the incredibly nebulous legal interpretations surrounding NFT ownership, consumer protections within web3 markets and the ever-present topic of copyright.

Metagood Uses NFTs for Social Good“The big vision and goal is to really make an impact and solve some of these exponential problems that we're facing,” Danny Yang (huuep) says. RoadtoConsensus Consensus2022 metagoodnft huuep metagoodnft huuep metagoodnft AuroraFS_Labs is a newly decentralized all in one cloud storage and content marketing platform The future of digital storage decentralized Metaverse huuep metagoodnft Thanks so much for this gift SHlB_giveaway

You can now clone NFTs as ‘Mimics’: Here’s what that means – Cointelegraph MagazineLet’s say you buy your NFT and that you spent a few hundred bucks, maybe thousands, for that piece of art whose authenticity is certified. Now let’s say someone found a way to clone it. Frightening? Welcome to Mimics. Omakasea_ You can earn up to 80% -1000% returns daily trading on spot and futures with our daily profitable signals To join our free Group on telegram click on link Or you can just right-click and copy. Presto bango, free cartoon image. It’s just 1s and 0s, there is no such thing as an ‘original’ when it comes to digital files.

MuZero, which is able to master games like Go, chess or Atari without even knowing the rules.2 billion users .In yet another breach, 32 non-fungible tokens were stolen because the Discord servers of the Bored Ape Yacht Club and OtherSide were compromised.The “saga” that unfolded (and still is continuing to develop) when the world collectively learned that Seth Green’s new series White Horse Tavern was under threat because its main character, a Bored Ape NFT Green named Fred, was stolen via a phishing scam has made for a good laugh.

The principles of DRL of learning by trial-and-error seems relevant to many areas of crypto such as DeFi or NFTs, in which conditions change all the time. After all, most crypto protocols are based on strong game theoretic rules and DRL have proven to excel at games. When you combine the popularity of the gaming industry (worth in 2021) as well as the large user base of Crypto. The Path Towards Intelligence in Crypto Cyberpunk legend, science fiction writer William Gibson’s once said “'The future is already here – it's just not evenly distributed. The link was malicious, and those who used it reportedly saw their NFTs drained.” That quote could serve us as a philosophical guideline as we think about the path towards intelligent crypto assets. Conclusion Cronos is a proof-of-stake blockchain network that connects with the Ethereum and Cosmos blockchains. The creation of crypto coincided with the golden era of AI-ML research and technology developments. But that doesn’t make Green’s assertions about establishing new parameters regarding the structure of IP rights of NFTs any less wrong.

Today, AI-ML technologies are rapidly becoming mainstream and it’s a matter of time before they become a first-class citizen in the crypto space. The platform is worth looking into for prospective investors as the crypto market starts to cool down. These included 1 BAYC, 2 MAYC, 5 Otherdeeds, and 1 BAKC. The use cases seem to be everywhere. Let’s explore some of the most obvious. Please do your own thorough research before making any investment decisions. Intelligent NFTs There have been some applications of using AI-ML generative methods to create NFTs. However, the influence of AI-ML should expand to all areas of the NFT space. When looking at different projects, it’s best to look at what problems they solve and if they have any working products. As Wired points out, the traditional art world has safeguards in place that protect an author’s IP ownership in the event that a work is stolen, but those don’t necessarily extend to NFTs due to how rights are linked to the NFT itself.

Let’s imagine NFTs that incorporate language and speech capabilities to establish a dialog with users, answer questions about its meaning or interact with a specific environment. Just like you interact with your favorite digital assistant, imagine establing a conversation with a visual NFT that can change its appearance based on the nature of the dialog. In this post, we’ll take a look at Cronos, the Crypto. Similarly, think about using AI-ML transformer models that have been pre-trained in millions of paintings to generate unique NFTs that capture unique aspects of the style of the masters. Intelligent DeFi Protocols DeFi protocols are all about automation but they are not exactly intelligent. What is Cronos? Cronos is a Cosmos and Ethereum compatible blockchain network that was developed with the purpose of scaling Decentralized Finance (Defi), Non-Fungible Tokens (NFTs), and Metaverse projects. Incorporating AI-ML capabilities into DeFi protocols seems inevitable. Despite the absolute deluge of scams present in both crypto and NFT spaces, there still remains very little in the way of protections for those affected by bad actors.

We can envision a new generation of automated market maker(AMM) protocols that can adjust the balances in pools using real time predictive models based on existing market conditions. Once the apps are live on Cronos, users will be able to benefit from the platform's lower fees and faster transactions. Similarly, we can think of lending protocols that adjust the size of loans based on an intelligent profile of the addresses requesting it. Intelligent L1-L2 Blockchains AI-ML is influencing all aspects of software infrastructure such as networking, compute or storage and blockchains are unlikely to be an exception.com, the exchange and payments network formerly known as Monaco. It’s not far-fetched to think about intelligent consensus protocols that improve performance based on predictive models. Similarly, we can think of blockchains that develop intelligent economies to control the computation cost in the form of gas or other equivalents.com was originally founded as the payments platform “Monaco” in 2016, with the goal of providing crypto payments and staking via a crypto debit card. This is the system that Green endorses when he makes a TV series that only appeals to people already bought into the NFT craze or when he promotes his own NFT project, PizzaBot.

Intelligent Crypto Apps and Dapps User experience seems to be one of the most obvious areas to introduce AI-ML capabilities. It’s a matter of time before wallets or exchanges start incorporating native intelligence capabilities that help improve investment and trading decisions that today are fully reliant on human subjectivity.com in 2018 and its native token, Monaco Coin (MCO) was rebranded to Crypto. Intelligent Programmable Stablecoins The topic of programmable stablecoins seems very prominent these days after the Terra UST collapse. What if, instead of thinking about this form of stablecoin as programmable, we could think about forms that are programmable but also intelligent? Instead of programmable stablecoins that adjust the peg based on statically defined economic gymnastics, what if they could rely onAI-ML algorithms that organically learn from market conditions. Cronos was launched in 2021 as the CRO token now resides on the Cronos network as the platform's native token. A combination of AI-ML with human supervision seems to be an interesting approach to explore in this area.

AI-ML is Influencing Crypto but Crypto can Also Contribute to AI-ML The relationship between crypto and AI-ML is more bidirectional than most people think. This allows developers to migrate Ethereum-based dapps onto the Cronos network, as well as take advantage of the low fees and high transaction capacity of the Ethermint protocol. While the scenarios in which AI-ML can influence the next generation of crypto assets and infrastructure are fairly clear, there are some non-obvious areas in which crypto can influence AI-ML technologies. Decentralized AI (dAI) is an emerging technology movement that looks to leverage the decentralization compute as well as tokenization mechanisms to mitigate some of the increasing centralization challenges of AI-ML technologies. This makes it possible for developers to access features from both blockchains, for example, users can benefit from the security of Ethereum and the scalability of Cosmos. A subdomain of the general dAI approach are mechanisms that leverage crypto-assets to create economies in which companies and individuals are incentivized for sharing data and AI-ML models. Data is the electricity of AI-ML but, today, is highly controlled by a small number of incumbents and there are virtually no incentives for companies to collaborate and share data to break that monopolistic cycle. This is likely where Ethermint gets its name since it combines the technology of Ethereum and the Tendermint-based Cosmos SDK.

Introducing clever tokenomics and incentive mechanisms could organically help to establish channels for companies to regularly cooperate in the creation and training of AI-ML models for specific tasks and share the benefits. Bias and fairness is another hot topic in AI-ML these days that could be hugely influenced by the use of native crypto technologies. Supported blockchains include Crypto. Datasets used in the training of AI-ML models are permeated with biases, discrimination and toxic data points which can influence the knowledge of AI models. While there have been a lot of advancements in quantifying and monitoring the fairness of AI-ML models, there are no robust accountability and benchmarking mechanisms that are trusted across the entire industry. Users will be able to transfer between the supported networks via wallets like MetaMask, Keplar, and the Crypto. Imagine using a blockchain layer to keep track of the bias and fairness score of specific AI-ML models and compensate for models that are improving their fairness scores.

This is a low-entry point scenario for the usage of blockchain technologies in AI-ML infrastructures. The Cronos (CRO) Token The Cronos (CRO) originally started out as Monaco Coin (MCO) before being rebranded as Crypto. Without a doubt, AI-ML should be a foundational element of the next generation of digital asset technologies but there is also a lot of tangible value that crypto and blockchains can deliver in the world of AI-ML. Fundamentally, crypto could serve as an economic and accounting layer that helps build fairer and more democratic AI-ML solutions. The token initially had a supply of 100 billion coins, however, the supply now sits at 30 billion coins after the team being CRO decided to burn 70 million tokens in February 2021. From Digitization-Automation to Intelligence AI-ML is influencing each and every area of the software world and crypto is unlikely to be an exception. The core principles of digital asset technologies have been centered around democratizing financial services by using digitization and automation. Staking - CRO can be staked via the PoS system to secure the Cronos network and earn additional tokens in return.

Intelligence is one of the next frontiers for crypto and we are likely to see the impact across the entire space. From intelligent NFTs, DeFi protocols to new forms of crypto-assets, the incorporation of AI-ML is likely to unleash a new era of innovation in crypto.com exchange. The technologies and use cases are already here. It’s time to start building.com. Also in the 'Big Ideas' series: The Coming InDAOstrial Revolution by Julie Fredrickson Distributed autonomous organizations give humans a chance to build bigger, weirder things on radical timelines, just as the advent of the corporation paved the way to the Industrial Revolution.

Trustless Evidence: Web 3 Is Helping Document War Crimes in Ukraine by Jonathan Dotan In an era of misinformation, blockchain technology can renew our faith in evidential truth, not least during the current conflict in Ukraine, says Jonathan Dotan, the founding director of The Starling Lab.com Visa Card and the Crypto Pay app. How Web 3 Changes Philanthropy by Rhys Lindmark Rhys Lindmark, a"Big Ideas" speaker at CoinDesk's Consensus festival, on how the crypto generation could rewrite the rules of charitable giving. Let’s Use New Forms of Money to Commit to Our Communities by Matthew Prewitt More local money could lessen the incentive to “exit” the communities who need the resources, says Matt Prewitt, president of the RadicalxChange Foundation. Why Cronos Could be a Good Investment Cronos is part of the Crypto. Forecasting, Prediction Markets and the Age of Better Information by Clay Graubard and Andrew Eaddy Quantified forecasting is an invaluable and yet underused tool, and prediction markets appear a vital tool for its adoption. Read more about . Since the CRO token is used as “gas” across Crypto.