Top AI and big data projects have witnessed a collective 22% increase in their market capitalization over the past week, reflecting the booming interest in this sector.
As reported by Santiment, front-runners like Openfabric AI, Aleph.im, and Akash Network have experienced growth, with gains of 78%, 64%, and 49%, respectively.
At the same time, InQubeta, currently at a modest market cap of just around $56 million, concluded its successful presale (over $13 million raised) earlier this month and now prepares for its next steps following a Uniswap listing. QUBE is up 19% this week, as per Dextools.
Openfabric AI Spearheading AI Infrastructure
Openfabric AI, a decentralized platform providing infrastructure for AI applications, has emerged as a standout performer. It brings together AI innovators, data providers, businesses, and infrastructure providers to collaborate on building and deploying AI solutions.
Openfabric’s approach supports users throughout the entire building process, setting it apart from other platforms.
By working with various groups, including AI innovators, data providers, infrastructure providers, and service consumers, Openfabric simplifies the development and deployment of AI solutions through products like the Openfabric API, SDK, and AI marketplace.
Aleph.im: Decentralized Cloud Computing for Web3
The Aleph.im Network, a decentralized cloud computing platform, has also garnered significant attention. It offers services like decentralized cloud storage, computing, and identity frameworks, aiming to provide secure, scalable, and efficient cross-chain solutions for the Web3 ecosystem.
Aleph.im leverages blockchain technologies to enhance web3 cloud computing, enabling blockchain-agnostic file storage, data, and computation across multiple chains.
With a focus on privacy preservation, data availability, and boosting the DeFi ecosystem, Aleph.im is well-positioned to drive innovation in the decentralized cloud computing space.
Akash Network: Decentralized Cloud Computing Marketplace
Akash Network, a decentralized cloud computing marketplace built on the Cosmos SDK and Tendermint consensus algorithm, has experienced a surge in its native AKT token.
The network connects compute buyers with compute sellers, allowing users to lease computing resources and host and manage workloads through a set of cloud management services.
The Akash Network Marketplace facilitates the matching of cloud providers with computer-hungry users on a unified platform, enabling users to set prices for deploying their software while providers bid to host the applications.
Today, https://t.co/mNSePBKFv0 is officially launching support for Akash GPUs.
Brev is on a mission to create the easiest way to develop with the leading open-source AI models and deploy on GPUs in the cloud. Purpose-built for developers who prioritize speed and simplicity.… https://t.co/bSHBpOXYNl pic.twitter.com/hUfqYWikBZ
— Akash Network (@akashnet_) April 23, 2024
With features like Kubernetes-powered hosting, persistent storage, dedicated IP leasing, and permissionless deployment of applications, Akash Network offers a compelling proposition for decentralized cloud computing.
InQubeta: Democratizing AI Investments
InQubeta, a crypto crowdfunding NFT platform with a current market cap of around $56 million, has concluded its successful presale this month and now enjoys a healthy 19% pump this week.
What exactly is InQubeta though?
This platform allows users to invest in AI start-up projects using QUBE tokens, offering reward and equity-based NFTs. By investing in QUBE, investors can participate in the growth and success of AI technology start-ups, potentially generating significant returns over time.
By democratizing AI investments, InQubeta enables individuals worldwide to invest in AI startups and innovations.
The platform has a vibrant and engaged community, where ambassadors play a pivotal role in spreading awareness about the immense potential of AI investments.
InQubeta ambassadors educate their network, foster a vibrant community, create engaging content, and provide valuable feedback to help improve the platform continually. All in all, InQubeta might potentially present an alternative in the growing AI/crypto sector.
Conclusion
As the AI sector continues to advance and garner speculative support from traders seeking exposure to artificial intelligence in its early stages, these projects might potentially offer opportunities.
However, as Santiment advises, it is always prudent to conduct thorough research before investing in any project. The surge in AI and big data projects’ market capitalization underscores the growing excitement and confidence in this sector.
While early successes are promising, the true potential of AI and its impact on our lives remains to be fully realized.
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