Ultimately, it’s a blockchain-based platform that simplifies the development and use of AI with fun elements. Its native token – $AIN – can be earned when users rent out graphics processing units (GPUs), which are essentially powerful computer chips that handle complex AI tasks. Another boon is that AI Network users can use these GPUs to run AI applications easily without needing AI software, which is often costly (even the simplest AI solutions cost around $10K to develop). The AI content can then be turned into AI NFTs, which can be bought, sold, and traded for extra gains, making it all the more powerful and valuable. $AIN already has a $1.94M market cap.
Paired with OpenAI’s ‘Deep’ announcement, these AI meme coins could also be set to skyrocket. According to Satoshi Action Fund CEO Dennis Porter, no other state has a faster calendar, and… the political momentum and willpower to get (a Bitcoin bill) done.’ If approved 45 days from now, Utah’s Bitcoin bill will enable state treasurers to invest up to 5% of their funds into digital assets, which now have a combined market cap surpassing $50B.
However, it sets itself apart by having real utility: its very own AI agent that scans crypto X (Twitter) and other social media platforms for the hottest crypto industry insights of the day. Considering $PEPE has achieved a $4B market cap without any real-world use case, $MIND could have a promising future ahead.
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