In recent years, artificial intelligence has increasingly permeated the crypto industry. Animoca Brands, a leading investor, is actively involved in integrating AI into cryptocurrency projects.
The Role of AI in Cryptocurrency
Animoca Brands, founded in Hong Kong in 2014, actively operates in both gaming and venture capital. A recent announcement indicated that Animoca Brands is taking on significant roles within the IoTeX network, serving as a network validator and ecosystem collaborator.
The Revolution of Real-Time Data
Modern AI systems mainly rely on static datasets, which makes them disconnected from the real world. IoTeX aims to bridge this gap by providing real-time data sourced from millions of devices through decentralized physical networks (DePINs). This verified data is critical for AI models operating in changing environments.
Prospects and Outcomes of the Partnership
Animoca Brands' recent investments strengthen the IoTeX network, which is backed by over 540 projects. Following the announcement, the IOTX token saw significant growth, peaking at $0.032, although it later settled at $0.0306. A spokesperson for Animoca Brands stated, "The integration of AI with blockchain promises transformative changes, and we’re excited to be at the forefront of this evolution." Key outcomes include increased trust in the IoTeX network, enhanced AI capabilities, and the potential for IoTeX's influence to expand across sectors such as robotics, energy, and healthcare.
These developments highlight a significant evolution within the crypto industry, with AI playing an increasingly central role. The partnership between Animoca Brands and IoTeX demonstrates a forward-thinking approach, anticipating further advancements in their collaborative efforts.
