While cryptocurrency fans can use the text-based artificial intelligence (AI) platform ChatGPT for entertainment purposes, such as producing a rap song about bitcoin (BTC), its utility in the crypto space goes far beyond entertainment value to crypto education and adoption. With the latest developments in AI, the value of these AI coins is also increasing. Here are the details
Binance Launches Artificial Intelligence Efforts
ChatGPT allows newcomers to learn about ideas such as proof of work (PoW) and bitcoin mining by creating human-like responses to questions on a wide range of topics, including blockchain and crypto technology. The issue was raised by Binance in a blog post published on 10 February. According to the cryptocurrency exchange:
ChatGPT has the advantage of allowing for interactive and conversational clarification of issues. Users can also ask questions until they feel they fully understand the crypto topic they are interested in.
As the team found when they asked ChatGPT to explain bitcoin like 1920s gangsters, ChatGPT has the potential to simplify complex concepts and make them accessible to beginners. The results are both entertaining and enlightening. AI bots can help individuals and organizations get started with cryptocurrencies, minimizing the learning curve and accelerating adoption.
What Are The Various Benefits Of ChatGPT?
The Binance team explained that with its enhanced capabilities, ChatGPT can help more experienced users program crypto trading robots and terminals, and assist them with smart contracts, allowing people to actively contribute to the development of the innovative industry. Now, the chatbot can be very useful in predicting the future behavior of certain cryptocurrencies, such as the price of Shiba Inu (SHIB) or the XRP token in 2030, as well as commenting on the legal dispute between Ripple and the SEC.
The launch of OpenAI’s ChatGPT chatbot, which has caused quite a stir online, is perhaps the most significant advance in artificial intelligence (AI) in recent years. In just a few months, nearly a million users have chatted with the AI bot, which can not only answer typical questions but also learn to program, explain scientific ideas, write basic academic papers and even create horror games.
Despite all its great features, ChatGPT AI has its drawbacks, some of which are now known to the general public. ChatGPT cannot provide real-time data because it does not have an Internet connection, which is one of its biggest limitations. It can only receive data sent to it during its creation in 2021.
CryptoGPT is rumored to have an app with 2 million users and is the only AI platform that comes close to ChatGPT’s success, but this has not been confirmed. In addition, a review of their roadmap shows an expected launch of the NFT collection and a token creation event via a cryptocurrency launchpad.
Which Cryptocurrencies To Watch?
SingularityNET is an AI-based cryptocurrency that is worth watching as it aims to create a decentralized AI network that is accessible to everyone. Another one to watch is Ocean Protocol, which uses AI to help organizations and individuals securely and privately share data while maintaining ownership and control. Additionally, Fetch.ai is an AI-powered blockchain network that facilitates the deployment of smart contracts and autonomous agents for use cases such as supply chain management and energy trading.
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