Explore the convergence of AI and crypto in iGaming, featuring innovative tokens, blockchain tech, and AI’s impact on gambling. (Image by reeball on Vecteezy)
Naturally AI is becoming an increasingly widespread system used in online casinos today.
We had smartphone gaming, and then came HTML5 tech so that we could play casino games via web browsers instead of an app download. There was cryptocurrency gaming, and the next milestone in online gambling entertainment was AI-generated games.
Now, online casinos are using AI systems to spot problem gambling or players with potential problem gambling issues.
On top of this, some systems are able to engage with players, asking them if they would like a tailor-made bonus.
On the other side of the coin, sports books similarly use AI-teach to casino.
Yet, AI is also proving to be helpful when it comes to setting sports odds, collecting the latest news that changes the odds of a game, and identifying areas where sports books can offer players enhanced odds.
It seems the new era of iGaming is upon us. That new area is an increase in cryptocurrency transactions and the use of AI.
For all of you who read my regular monthly cryptocurrency update via the Casinoplusbonus Casino News Economy page, I have a special update for you in my latest report.
This AI and crypto focused article will examine Artificial Intelligence (AI), which is basically the ability of computer software to learn (and think) in a similar way that humans do. AI is designing learning machines/systems that will eventually be as natural and as cognitive as a human… possibly indistinguishable from humans.
I have selected a broad range of AI tokens that I have researched over the past year and hopefully this will give readers a general oversight to these digital assets that are the convergence of blockchain and AI technologies. The rising market cap of the AI sector in general indicates the rising prominence of this industry and its importance to humanity.
Disclaimer: This is not financial advice, just the opinion of a crypto investor, me Luke Webber. I follow these markets closely and I want to give my fellow crypto compadres out there a few coins to look out for. However, remember, crypto is a risky investment and you could lose all your money on any of these coins.
Artificial Superintelligence Alliance (FET)
FET is an interesting token collaboration/merger of 3 different companies. Fetch.ai, Ocean Protocol and SingularityNET have combined into one token, FET, to accelerate the development of decentralized Artificial Superintelligence.
The merger leverages the unique strengths of each project. Fetch.ai focuses on AI agents that perform complex tasks without human intervention. SingularityNET utilizes narrow AI to expand artificial general intelligence through open-source enterprises, and Ocean Protocol is a secure framework for transparent data exchange (accessing huge datasets).
The initial merger on July 1st caught the market off guard, and the price dropped, but it has recovered most of the losses and is currently trading at $1.29 USD.
ChainGPT (CGPT)
ChainGPT has been around for almost 2 years and hit all-time highs back in March 2024 (as did many new coins). The token has launched many utility features as their roadmap progressed. Some of these unique features are a trading bot, NFT generation, news generation and a browser extension.
The revenue model for CGPT is user based and 50% of the user fees are redistributed to $CGPT holders via a burn schedule. The burning mechanism reduces the token circulation and thereby potentially increases the token’s value.
The token has remained flat during the recent BTC bull run despite a very supportive community and is currently trading at $0.1281 USD.
Parallel AI (PAI)
Parallel AI was listed a month ago and has addressed the growing problem of AI development and its need for more energy and GPU power. The company has stated that their project will utilize parallelization of code to run several tasks concurrently across a multitude of cores.
If the company delivers on this new technology, it will reduce processing time, boost hardware operation and increase systems efficiency. The company will manage underutilized GPUs globally and match them with AI developers for optimal output… aggregating computational power. A PAI spokesman said that they can increase computational speed by 20x and reduce energy costs through efficient use of GPU resources.
The token is currently trading at $0.2531 USD and up 18% today after posting on X that their PACT Automated Code Transformer will be launched in a couple of weeks.
Virtuals Protocol (VIRTUAL)
VIRTUAL has had a phenomenal run in the past month… up over 800% since its launch last May. The company is a relatively new sector within the AI industry called AI Agents. This token encompasses the gaming sector, connecting AI contributors with game providers/developers. They launched on the Base blockchain, and it got a lot of attention when whales invested heavily in this token. Another indication of a great project is its adoption by CEXs, which is listed on 25 in just one month!!!
The token is currently trading at $0.4704 USD, and looks like it may be consolidating for another bull run.
Akash Network (AKT)
Akash has been around for almost 4 years and is similar to Parallel AI as it pools and allocates GPU processing power. How it differs from PAI is that it has its own Akash blockchain and marketplace. Therefore, AKT can be used in pricing settlements (like BTC does) and utilize different currencies.
The company has an extensive list of venture capital investors, technology partners and data centres around the world. With a market cap of $1.6b USD, AKT is a powerhouse in the GPU/AI sector. As a huge player in the market, Binance announced recently that they will launch an AKTUSDT Perpetual Contract with up to 75x leverage… which many coins strive for.
AKT is currently trading at $4.18 USD, having surged 68% in the past month.
PAAL AI (PAAL)
PAAL suffered a 70% drop (55% in 2 minutes) on November 13th after PAAL executives announced they would be in discussion with the Artificial Superintelligence Alliance to join their coalition. Investors supporting the PAAL project were anxious about the possible merger. Voting on the collaboration starts from Nov. 18th to the 23rd. This announcement also complicated the 180-day vesting period on the conversion of the token. The conversion would favor FET, as PAAL holders would exchange 6.23 PAAL tokens for 1 FET.
The token hit a yearly low of $0.085 USD but has bounced back and is currently trading at $0.188 USD.
Grass (GRASS)
Grass was launched at the end of September, and I have been following it for several months. The token is built on the Solana chain, which is well-known for interesting and game-changing projects. This project is no different, as it pools unused internet bandwidth for AI development and data collection.
GRASS leverages idle bandwidth through a network of nodes into a valuable resource for scraping data off the web. This data can be restructured into datasets to train large language AI models. After buying this at a $1.08 USD ($1.00 USD launch), the token has surged 215% in the past 3 weeks to $2.56 USD.
The company has stated that they have been overloaded with demand as the number of URLs scraped is over 2.7b, and their daily data collection is exceeding 87k GB per day.
With this kind of demand, GRASS will should, in theory, continue to grow and the fact that they are listed on 43 CEXs should complement their growth.
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