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AI crypto projects have been transforming the blockchain industry throughout this year, using automated data analysis and decision-making processes, for smarter and more efficient decentralized systems.
Here’s what is new in AI for crypto and blockchain: The Graph introduces a new data standard, $NEAR Protocol becomes compatible with MetaMask, and ASI Alliance announces a new staking platform.
The Graph Protocol Introduced GRC-20 Data Standard
The Graph Protocol, which uses AI for improving decentralized indexing and querying capabilities for blockchain data, has introduced a new data standard called ‘GRC-20’.
The standard will potentially replace traditional frameworks like the Resource Description Framework (RDF), which are less suited for the decentralized nature of Web3.
Overall, GRC-20 provides a common language for knowledge. It will allow developers to build interoperable applications that can evolve with the dynamics of Web3 technologies.
“Just as ERC-20 standardized value on Ethereum, GRC-20 will standardize data, information & knowledge and bring web3 to life,” The Graph wrote on X (formerly Twitter).
Following the announcement on November 21, The Graph’s GRT token surged nearly 12%.
$NEAR Protocol Is Now Compatible with MetaMask
$NEAR Protocol, the blockchain network that supports AI-powered dApps, is now compatible with the crypto wallet MetaMask. Users can now interact with $NEAR applications directly through the MetaMask wallet.
Notably, this integration is part of MetaMask’s Snap ecosystem, which extends its functionality to support non-EVM (Ethereum Virtual Machine) blockchains like $NEAR.
Also, the $NEAR Snap will allow MetaMask to interact with and sign transactions on $NEAR, Solana, Cosmos, Tezos, Bitcoin, Sui, Aptos, Algorand, and others.
“Whether you’re a DeFi degen, an NFT aficionado, or a meme hunter, gone are the days of juggling multiple wallets. With $NEAR’s Chain Abstracted future, you’ll be able to use your Ethereum wallet to unlock the entirety of Web3,” $NEAR Protocol wrote on X (formerly Twitter).
$NEAR remains the largest AI token by market cap, according to CoinGecko. The token has gained strong momentum throughout this year, gaining nearly 250% since January.
Artificial Superintelligence Alliance Announces Details for its $FET Staking Model
Artificial Superintelligence Alliance (ASI Alliance) has announced details for their staking platform – ASI Train. It will use a unique staking model for Fetch.ai’s $FET tokens.
According to the project, investors will be able to stake their $FET tokens and earn rewards. It will help support the development of AI models across various industries.
“ASI: Train will allow $FET holders to secure AI foundation models by locking tokens and participate in their economic potential. Foundation models are large-scale, pre-trained machine learning models that offer a starting point for diverse scientific purposes. They’re trained and access a variety of large datasets to specialize on a segment of a certain area,” ASI Alliance wrote on X( formerly Twitter).
ASI Alliance is a collaborative initiative formed by Fetch.ai, SingularityNET, and Ocean Protocol. Established in March 2024, the alliance aims to advance decentralized AI research and development.
Following the establishment of this alliance, the $FET token reached an all-time high of $3.45 back in March.