We have always spearheaded knowing about the latest trends, and artificial intelligence is one hot topic. It’s expanding rapidly, penetrating even advanced technological innovations, and now it has found its place in the cryptocurrency and Web3 space.
AI and Crypto are powerful, ground-breaking technologies. The latter has changed the norm in finance, and AI is taking computational demands to new heights, part of what cryptocurrencies need to scale into new horizons.
Merging AI and blockchain capabilities has led to the development of AI Crypto coins. Today’s casino news shows the synergy between AI and Crypto and highlights the top 5 AI crypto coins for 2024.
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AI Crypto Coins and Other Potential Uses
AI Crypto coins are digital tokens into which artificial intelligence has been infused for their overall functionality and operation. These cryptocurrencies are created similarly to other existing coins. However, machine learning algorithms have been incorporated into them to unlock newer uses and combat the issues a traditional coin faces.
The relationship between AI and blockchain technology is mutualistic. AI can only thrive as much as the amount of data it gets, which Blockchain technology has in surplus: tokens interoperability, transaction history, rise and fall in the value of coins, trading activities, etc. With this immense amount of data, AI can further improve its functionality. For instance, it can detect market patterns, predict trading/stock trends, improve security, execute automated trades, help create dApps, etc. These and more are what online casino cryptocurrency users, companies, and investors need.
5 Top AI Crypto Coins and Their Platforms
AI Crypto coins have massive potential, and here are the top five to watch out for. However, this is not financial advice. Make sure you take the time to research before you play games at safe online casinos.
RENDER
In recent years, there has been an increasing need for 3D animations, Motion Graphics, VFX, virtual reality, high-quality game graphics, etc., all of which require high rendering power. And getting the right processing units is often a headache for creators and developers. This is where render comes into play.
Render is an Ethereum-based decentralized platform that intermediates between those needing rendering power and those with inactive GPUs (Graphics processing units) to share. So, for projects requiring extra GPUs, Render connects them to those that can provide this computational power. The ticker for Render is RNDR, and it is available on multiple exchange platforms.
NEAR
Near is the native token of the Near protocol, a layer 1 blockchain smart contract platform designed for developers who build decentralized applications (dApps) that cut across NFTs, games, and decentralized finance (DeFi). Its core strength is its increased scalability and high transaction speed, all at a lower cost, which is one of the limitations many other established coins like Ethereum face.
The Near protocol uses sharding technology. This works by breaking down the network load into smaller pieces called shards, which are then processed in a parallel pattern called nightshade. As a result, Near can process about a hundred thousand transactions per second, and since the network is now in shards, the transaction cost is low.
Bittensor (TAO)
Bittensor is a decentralized platform that leverages cryptocurrency to build, train, and exchange AI models. The Bittensor architecture is in layers for different use cases, which include hosting and running a model, making sure the integrity and consensus mechanism of the blockchain is unaltered, developing applications that use AI to solve complex problems, and giving end users access to services through the network.
The AI crypto coin of Bittensor is TAO, which is the incentive for those who contribute to the resources or data needed for AI developments in some way. All the resources gathered can then be pooled to meet the demands of any company that needs a certain AI model for its operation. So, bittensor is like a decentralized marketplace for machine learning models.
As announced on X (formerly known as Twitter), the platform faced a security breach in July 2024, which led to the operators pausing all transactions. The network was restored later after the issue was addressed.
Theta Network
Theta Network is a blockchain platform that utilizes AI to create a decentralized video streaming system. The network uses peer-to-peer technology to allow users to share extra internet bandwidth and computing power with those facing streaming issues like buffering and latency in return for theta AI Crypto coins(TFUEL). Theta network can ensure accessibility to high-quality streaming at a cheaper cost, which benefits esports, music, and other content.
The founders of Theta are introducing many more use cases and are rolling out in phases this year.
Arkham (ARKM)
ARKM is the AI crypto coin of Arkham Intelligence, a blockchain data analytics and intel exchange platform. It uses artificial intelligence to collect data from multiple sources to provide human-understandable insights into crypto-related activities such as stakeholder activities, top individuals’ wallet activities, and transaction patterns.
The ARKM token is used on the intel exchange marketplace to buy and sell data (crypto intelligence). Arkham enhances transparency, allowing the tracking of suspected fraudulent activities, which improves the overall security of blockchain.
Use of AI Crypto Coins in Casino Gaming
Some uses of the AI crypto coins we mentioned can be valuable to casino gaming. For example, Casino game developers often search for more efficient ways to provide bitcoin betting services while reducing overall costs to increase players’ chances of winning.
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NEAR can be helpful as it allows the creation of low-cost decentralized applications for NFTs and games. In return, we can see more rising NFT artists and games.
Theta Network can help improve live casino gaming steaming, enhancing gaming in real-time. Additionally, Render can be used to improve and speed up the production of casino virtual reality games.
Takeaway
These are just a few likely ways AI Coins can be useful in casino gaming. If you want to play games, including the Easter Plinko game online, using cryptocurrencies, visit the Vegas Aces Casino. All your winnings will be paid using Bitcoin.
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