Best AI Crypto Coins for 2024

SHORT ANSWER: Benzinga’s picks for the top AI crypto coins are NEAR, TAO and OLAS. Read below to learn how to buy AI tokens from top exchanges such as Coinbase.

Artificial intelligence (AI) and machine learning (ML) are two of the most discussed topics anywhere, not just in the tech community. With the use of blockchain, the capabilities of AI can be further enhanced and more value can be created. Many projects combine these two technologies to create a wide variety of projects with interesting applications.

Top 10 Artificial Intelligence (AI) Crypto Coins

Let’s take a look at the top 10 AI tokens in March 2024. 

1. NEAR Protocol (NEAR)

NEAR has risen in the ranks and cemented itself as one of the top crypto projects by market cap. It is a Layer 1 blockchain that has its own consensus mechanism called Doomslug and other features to increase speeds and lower costs. The project supports developers, who can employ a variety of AI projects onto the chain.

2. Render (RNDR)

RNDR tries to solve the issue of computing shortages. The project allows everyone to contribute GPU computing power, which can be sold to anyone who needs it. RNDR is the currency used to transact between the holders of GPUs and its users to create a more on-demand and cheaper alternative for developers and others who need lots of computing power.

3. Bittensor (TAO)

One of the major issues with AI is secrecy. Many are creating their own models behind closed doors and not allowing the technology to diffuse throughout society, where its true value can be recognized. TAO hopes to solve this problem by creating a blockchain-based machine learning network. The model is trained collaboratively and is available for experimentation. 

4. The Graph (GRT)

Collecting data is often the most difficult part of any project. The Graph seeks to make the process simpler by allowing users to request and collect data without a third party. Because the blockchain is publicly available, the breadth of data can be used in many applications. Some of the more prominent users are Uniswap and Decentraland.

5. Fetch.ai (FETCH)

Fetch.ai aims to use the huge amounts of data provided by the blockchain to create an AI network that helps automate tasks. The project has lofty goals in terms of use cases, looking beyond blockchain. The project hopes to tap into everyday data collectors to build a network of information that can be manipulated with AI. For example, it could tap into dashcams to analyze traffic patterns and help optimize transportation.

6. SingularityNET (AGIX)

SingularityNET provides an AI marketplace where users can buy, sell and trade AI services using the project's utility token, AGIX. The project is one of the first of its kind, hoping to bring AI services to the masses and help users with unique issues. The marketplace allows users to test services before making a payment and is secured using the blockchain.

7. Theta Network (THETA)

Streaming services have seen a huge growth in popularity, but third-party holders of videos can make for expensive monthly fees and the potential for hacks. Theta Network is hoping to solve these issues by creating a platform that allows users to stream content without third-party intermediaries. The project is advised by the co-founders of YouTube and Twitch.

8. Autonolas (OLAS)

Autonolas (OLAS) provides an all-in-one platform for a variety of services from automation and AI to staking and software development. The OLAS token is a utility token that powers the project, allowing users to participate in governance and providing developer incentives and staking.

9. Oasis Network (ROSE)

The Oasis Network is a Layer 1 blockchain hoping to solve issues relating to throughput and scalability. The project tries to create a solid foundation for a variety of uses, such as DAOs, non-fungible tokens (NFTs) and DeFi. Created by a UC Berkeley professor, the project uses complex technologies to power smart contracts on the chain.

10. Ocean Protocol (OCEAN)

Ocean Protocol hopes to solve some of the major issues related to data sharing and privacy by creating data marketplaces where users can buy and sell data through tokenization and on the blockchain to provide better access to reliable data sets. The major applications are in the realms of science, academia and data analytics. 

What is AI Crypto?

AI crypto is a broad term that encompasses projects that combine blockchain technology with cryptocurrency to provide value for its users. Its value comes in a variety of forms, so it is hard to define the term. Most projects tend to advertise their use of AI because it is such a big deal in the tech space. 

How to Buy AI Cryptocurrencies

If you are looking to buy AI crypto tokens, Kraken and Coinbase are some of the best crypto brokerages to do so. They offer low fees, enhanced security and lots of token offerings. It is usually easy to create, verify and fund an account on these platforms. 

For Coinbase, some tokens are not available directly on the exchange. In this case, buy Ethereum (ETH), send it to a wallet and swap it on Uniswap. You may face geographic restrictions on crypto transfers for some exchanges, so make sure you can send crypto before moving forward. 

How to Store AI Cryptocurrencies

Though centralized exchanges offer several security measures to maintain the safety of your assets, you may be looking for an even more secure way to store your funds. Wallets are a great way to add an extra level of security to your assets. While wallets are not needed, they can offer peace of mind. 

• Best hardware wallet - Ledger Nano S Plus: The Nano S Plus is the basic hardware wallet that should serve all the needs of a beginner investor. It allows users to send crypto only with a physical device present, which virtually eliminates the potential for a hack. 
• Best software wallet - MetaMask: MetaMask is easy to set up and use. The application is a Chrome extension that allows you to access Web3 applications with just a web browser. 

Are AI Cryptocurrencies Safe?

Most AI tokens have legitimate founders and teams of developers helping build out the applications. These people are usually well-known within the community, so they are unlikely to scam their investors. Additionally, crypto is built on blockchain technology, which makes it nearly impossible to manipulate or hack. However, an AI project could be a scam. Because of this, it is important to do the necessary research before investing.