What’s new in AI Crypto and Blockchain

AI crypto projects are changing the blockchain industry this year by using automated data analysis and decision-making processes to achieve smarter and more efficient decentralized systems.

Here's what's new for crypto and blockchain in AI: The Graph introduces a new data standard, the NEAR Protocol becomes compatible with MetaMask, and the ASI Alliance announces a new staking platform.

Graph protocol introduced GRC-20 data standard

It has introduced a new data standard called ‘GRC-20', a graph protocol that uses AI to improve the decentralized indexing and querying capabilities of blockchain data.

The standard may replace traditional frameworks such as the Resource Description Framework (RDF), which are less suited to the decentralized nature of Web3.

In general, GRC-20 provides a common language for knowledge. It allows developers to build interoperable applications that can be enhanced by the flexibility of Web3 technologies.

“Just as ERC-20 standardizes value on Ethereum, GRC-20 standardizes data, information and knowledge and brings web3,” Graf wrote on X (formerly Twitter).

In the year Following the announcement on November 21st, the Graff GRT token rose almost 12%.

Near Protocol, the blockchain network that supports AI-powered dApps, is now compatible with crypto wallet MetaMask. Users can now interact with NEAR apps directly through the MetaMask wallet.

Specifically, this integration is part of the MetaMask Snap ecosystem that expands its functionality to support non-EVM (Ethereum Virtual Machine) blockchains such as NEAR.

Also, NEAR Snap allows MetaMask to sign transactions on NEAR, Solana, Cosmos, Tezos, Bitcoin, Sui, Aptos, Algorand and others.

“Whether you're a DeFi degen, NFT lover, or meme hunter, the days of collecting multiple wallets are over. With NEAR's Chain Abstracted future, you can use your Ethereum wallet to unlock the entire Web3,” he wrote on X (formerly Twitter).

According to CoinGecko, it remains the largest AI token by market value. The token has made strong progress this year, gaining nearly 250% since January.

The Artificial Superintelligence Alliance has announced details of its FET Staking model

The Artificial Superintelligence Alliance (ASI Alliance) has announced a list of their stock platform – ASI Train. It uses a unique staking model for Fetch.ai's FET tokens.

According to the project, investors will earn rewards by sharing their FET tokens. It helps to develop AI models in various industries.

“ASI: Rail allows $FET holders to participate in AI Foundation models by locking tokens and their economic potential. Base models are large-scale, pre-trained machine learning models that provide a baseline for various scientific purposes. They have access to various large data sets so that they can be trained and specialize in a specific area segment,” ASI Alliance X (formerly Twitter) wrote on Twitter.

ASI Alliance is a collaborative initiative founded by Fetch.ai, SingularityNET and Ocean Protocol. In the year Founded in March 2024, the alliance aims to advance decentralized AI research and development.

Following the formation of this combination, the FET token reached an all-time high of $3.45 back in March.