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Could this new artificial intelligence (AI) crypto token be a millionaire maker?
Three popular AI crypto tokens are about to combine into a new super token.
Given the popularity of artificial intelligence (AI) as an investment thesis, it is perhaps unsurprising that cryptocurrency investors have eagerly sought out the best possible AI tokens. While dozens of cryptocurrencies claim to be AI-powered crypto tokens, there has yet to be a “super token” that can capture the imagination of crypto investors in the same way an AI-powered company like Nvidia (NASDAQ:NVDA) appealed to stock investors.
That is, perhaps, until now. As of mid-July, the three major AI crypto tokens: Recover.ai (FET -10.99%), SingularityNET (AGIX -10.17%), and Ocean Protocol (OCEAN -10.19%) – are joining forces to create a new AI super token called ASI (which stands for Artificial Superintelligence). Could this new cryptocurrency be an investment by a millionaire producer?
Possible synergies for the ASI
To answer this question, it is important to first understand what makes a token an “AI cryptographic token”. The answer is simpler than you might expect. It is primarily a digital currency for paying for AI products and services, such as on AI marketplaces. Instead of paying in dollars, you pay in cryptocurrencies. And it can also be used to gain access to premium AI tools or services.
Using this framework, it is possible to understand why there could be potential benefits to creating a new AI super token. Who would want to use three different cryptocurrencies if you use artificial intelligence? It can be very confusing and is simply not very efficient for any large-scale AI project.
Each of the three AI crypto tokens brings something a little different to the mix. Fetch.ai, for example, is at the forefront of creating new AI robots (known as “agents”) capable of performing increasingly challenging tasks within enterprises and other large organizations. SingularityNET is at the forefront general artificial intelligence (AGI) and the potential creation of superintelligent computers. And Ocean Protocol facilitates data sharing for blockchain-based AI services and tools.
So the key will be the ability to leverage all their different approaches, skills and resources in order to create new value. In business jargon, this is known as synergy creation. To make this happen, the ASI alliance will focus on three broad areas: the deployment of AI agents in companies; the advancement of great linguistic models (LLM); and sharing and using AI data.
Putting it all together, you can think of ASI as a digital currency issued by the alliance to pay for products and services (such as bots, agents, or LLMs) offered by alliance members. You will also be rewarded for your contributions to the ASI alliance with the ASI token. And you will use the ASI token to get access to premium datasets or LLM training tools.
What particularly strikes me about the new ASI alliance is how much emphasis there seems to be on commercialization and monetization. That’s what leads to revenue, and that’s what can ultimately lead to profitability. This new ASI alliance isn’t just about creating better AI: it’s about making money while doing it.
And this is what has the potential to make the new ASI token so valuable. Investors will be able to see real products and services, as well as revenue and cash flows. This, in turn, is expected to create demand for the AI crypto token. If you want access to some of the best AI in the world, you will eventually need to purchase this AI crypto token. Unlike other cryptocurrencies, which sometimes seem devoid of any utility, this ASI token will have a very clear utility.
Decentralized AI vs. centralized
There’s another little twist worth noting here. To make its future vision a reality, the ASI alliance will assert that decentralized AI is superior to centralized AI. It would be a huge ideological shift. The current system is highly centralized, with a few large tech giants attempting to control the pace of AI innovation. If you want access to the best AI systems, you have to pay for them. And those giants make all the money.
Image source: Getty Images.
In contrast, a decentralized AI system would reward everyone. It would reward people who create new AI agents. It would reward people who contribute new AI training data. It would reward people who provide source code for better LLMs. And it would reward people who contribute GPU computing power necessary for artificial intelligence to work.
The reward would come via the ASI crypto token. Instead of being paid in cash, you would be paid in cryptocurrencies. And, even if you’re not a researcher or developer with unique AI skills to contribute, you can still be compensated. And this happens by holding the token and watching it increase in price over the long term.
This is where an investor thinking of purchasing the new ASI crypto token needs to take a leap of faith. Is this just a rehash of the same tired argument that small companies can do what the big tech giants are doing? Do you believe that hundreds of thousands of AI researchers, developers and passionate users around the world are capable of taking on the giants of Silicon Valley?
I think it’s possible. After all, one of the biggest success stories to date in the world of AI crypto tokens has been Render (CRYPTO: RNDR), which offers decentralized GPU computing power. And one of the buzzwords among AI crypto token enthusiasts continues to be “DePIN,” which stands for decentralized physical infrastructure networks. Decentralization is a powerful concept and could be a game changer for artificial intelligence.
The path to millionaire status?
So here’s what I’m thinking: sign up for ASI early while people are still trying to figure out what it is and how it could revolutionize AI, and then wait patiently for the price to skyrocket. The potential is definitely there. Fetch.ai, for example, has grown nearly 200% this year. SingularityNET grew 167% and Ocean Protocol grew 70%. This is high-octane performance, even before the official launch of the ASI alliance.
Of course, you won’t become a millionaire overnight. The new token is expected to trade at the Fetch.ai price on the merger date. Given today’s prices, this means that ASI should start trading around $1.50. If the tokens increase in value at a compound annual growth rate (CAGR) of 100% per year (a big “if”), then you could grow that $1,000 into $1 million in 10 years.
A lot really depends on the synergies that could arise from this AI super alliance. So, if you are thinking about investing in ASI, make sure you do your due diligence and understand that there is a huge risk in investing in any unprecedented token. Case in point: The token’s creation was supposed to happen in mid-June, but was postponed to mid-July due to technical difficulties.
The good news is that, with ASI, you essentially get three crypto tokens for the price of one. This should mitigate some of the risk. As long as investors are excited about all things AI, it’s easy to see how the new ASI token could really take off. And this is why I am convinced that this AI crypto token could be a long-term millionaire investment.