The Best AI Coins to Buy in 2024: Exploring the Top 10 AI-Based Crypto Projects

Project	Token Name	Functionality
The Graph	GRT	Powers a decentralized protocol for efficient access to blockchain data through open APIs called subgraphs.
Injective	INJ	Provides a layer 1 blockchain protocol for decentralized finance (DeFi) applications with interoperability.
Bittensor	TAO	Facilitates a decentralized machine learning protocol that incentivizes collaboration among developers.
iExec	RLC	Enables transactions within its Web3 marketplace for trading computing assets and services on a global scale.
Fetch.ai	FET	Offers an open platform for developing and deploying AI-powered solutions, creating a booming AI marketplace.
Ocean Protocol	OCEAN	Streamlines data sharing, monetization, and exchange while preserving privacy and ownership rights.
Oasis Protocol	ROSE	Prioritizes privacy, security, and scalability for decentralized applications (dApps) across various networks.
Numerai	NMR	Hosts a global data science tournament focused on stock market prediction, rewarding participants with NMR tokens.
Filecoin	FIL	Provides a decentralized peer-to-peer network for secure and efficient data storage using blockchain technology.
SingularityNET	AGIX	Builds a decentralized AI marketplace on blockchain to ensure a fair distribution of AI power and value globally.

The Graph (GRT)

Our first entry on the list of the best AI coins is The Graph. It is one of the most popular AI tokens on Binance’s latest listings. The Graph is a decentralized protocol that allows efficient access to blockchain data. It does so through a system of open APIs called subgraphs. These subgraphs organize and serve specific data from various blockchains. With The Graph, developers can build dApps without the need for complex infrastructure management.

The protocol’s network comprises Indexers, Curators, Delegators, and Subgraph Developers. It ensures high availability and reliability of data across many blockchain networks.

GRT is the native cryptocurrency that powers The Graph ecosystem. It serves several key functions, including incentivizing network participants like Indexers and Curators. GRT holders can delegate their tokens to Indexers, contributing to network security and earning rewards in return.

Additionally, indexers and delegators stake GRT as collateral. This aligns their interests with the protocol’s security and growth. Overall, GRT facilitates The Graph network’s operation, security, and expansion. It enables democratized access to blockchain data for decentralized applications.

Injective (INJ)

Injective, one of the best AI altcoins, is a layer 1 blockchain protocol for decentralized finance (DeFi) applications. It aims to revolutionize the financial sector by providing a platform for building Web3 applications. With features like auto-executing smart contracts, Injective facilitates the creation of dynamic dApps. So, they offer faster transaction processing and greater innovation.

The protocol emphasizes interoperability, security, and customized DeFi solutions. These make it a promising environment for developers, institutions, and individuals.

INJ, the native token of the Injective protocol, is a fundamental component. It plays a crucial role in governance. INJ enables the global community to take part in decision-making about protocol upgrades. It also allows for staking for rewards and approving proposals.

Additionally, INJ is used for activities such as burn auctions. Thus, it further incentivizes its holders to engage with the Injective blockchain network. INJ contributes to the growth and sustainability of Injective’s mission to redefine finance.

Bittensor (TAO)

Bittensor, another AI tech coin geek magnet, is a decentralized machine learning protocol that transforms AI development platforms. It creates a peer-to-peer marketplace for machine intelligence. Bittensor enables the collective intelligence of AI models to converge. So, they form a digital hive mind where knowledge is rapidly shared and expanded upon.

Through its decentralized approach, Bittensor facilitates innovation by incentivizing collaboration among developers. It democratizes access to machine learning and pushes the boundaries of AI development.

Bittensor nodes share and collaborate on ML models and services. Validators ensure the integrity and quality of data exchanged within the network. Meanwhile, miners provide ML services by hosting and serving their locally hosted models.

Token-based incentives drive participation and contributions. They reward users for their computational resources and accurate predictions.

The TAO token holds intrinsic value within the Bittensor ecosystem. It represents the collective intelligence and insights contained within the network. TAO is used for governance, staking, and accessing AI applications on Bittensor.

iExec (RLC)

RLC, one of the best AI coins to buy this year, is the native token of the iExec platform. It is an AI coin Yorum’s readers love. The project is designed to ease transactions within its Web3 marketplace. As the backbone of the iExec ecosystem, RLC enables users to trade computing assets and services on a global market. By utilizing RLC, users can exchange computing power, applications, and datasets. They do so while retaining ownership and privacy over their assets.

The token plays a vital role in incentivizing participation in the iExec network. Thus, it allows resource providers to monetize their computing resources. Additionally, resource users can access on-demand computing power and data for their applications.

The iExec platform leverages blockchain technology and confidential computing. These components ensure trust, confidentiality, and governance within its infrastructure. By combining these elements, iExec enables the creation of a next-generation Internet. 

Developers can enjoy the Developer Rewards program, offering bounties up to $1 million. Meanwhile, providers can monetize their assets, such as computing power or applications. Requesters, on the other hand, can access on-demand computing power and innovative applications. They can do so while preserving privacy and data ownership. Through its innovative solutions, iExec is shaping the future of Web3 computing.

Fetch.ai (FET)

Fetch.ai is an open platform for developing and deploying AI-powered solutions. These tools enable businesses and developers to transform existing systems into AI-ready applications without modifying their APIs.

AI services are discoverable and accessible via the first open network for AI Agents. Fetch.ai integrates with many services like Skyscanner, OpenAI, Yahoo Finance, and Slack. Thus, it allows users access different AI capabilities from a single interface.

The platform’s native cryptocurrency, FET, is pivotal in the Fetch.ai economy. It incentivizes participation by rewarding developers, businesses, and AI Agents. FET serves as the means of exchange for accessing and utilizing AI services on the platform. The token aligns the interests of all participants.

As the backbone of the Fetch.ai ecosystem, FET simplifies transactions and interactions. As a result, it creates a booming AI marketplace. Through its clever method and the use of FET, Fetch.ai aims to democratize access to AI technologies. It promotes collaboration and drives innovation in the AI space across different industries.

Ocean Protocol (OCEAN)

Ocean Protocol is a decentralized platform streamlining data sharing, monetization, and exchange. Still, it preserves privacy and ownership rights. Ocean Protocol enables the creation of tokenized ecosystems for AI and data. In this ecosystem, providers can tokenize their data sets, AI models, and services. They can then make them discoverable and accessible on the Ocean Market.

Through Ocean Protocol, users can use AI-powered tools like trading bots and data science competitions. They can also earn rewards by curating data and staking the platform’s native token.

OCEAN is the ERC-20 utility token that powers the Ocean Protocol ecosystem. It serves many purposes, including staking for data curation, buying and selling data on the Ocean Market, and participating in Data Farming to earn rewards. Additionally, OCEAN holders can lock their tokens to increase their curation power. It also allows them to earn rewards through data curation activities.

The total supply of OCEAN is capped at 1.41 billion tokens. 51% of the supply has been disbursed over decades to fund community endeavors like data farming. Overall, Ocean Protocol and its native token, OCEAN, play a vital role in unlocking the potential of big data for various applications. Thus, it is truly one of the best AI coins to buy now.

Oasis Protocol (Rose)

The Oasis Network platform prioritizes privacy, security, and scalability for dApps. Its key feature, the Oasis Privacy Layer (OPL), is a cross-chain, EVM-compatible privacy solution. OPL allows developers to integrate confidentiality into their dApps across popular networks. These include Ethereum, BNB Chain, and Polygon. This innovative approach enables users to enjoy privacy and the benefits of blockchain.

Central to the Oasis Network is its native cryptocurrency, ROSE. As the network’s utility token, ROSE serves several purposes within the ecosystem. It streamlines transactions, enables participation in governance decisions, and incentivizes validators. Additionally, ROSE functions as a medium of exchange. It allows users to engage with dApps, access services, and partake in DeFi activities.

The Oasis Network boasts a modular architecture. This equips developers with scalability, customizability, and versatility across various computing environments. The network’s adaptability ensures that it can adjust to technological advances and uses. So, Oasis Network is a promising platform for developing confidential and secure dApps.

Numerai (NMR)

Being among the best AI coins to buy, Numerai hosts one of the most challenging global data science tournaments. The competition focuses on stock market prediction. Participants receive high-quality, obfuscated data sets. These contain quantitative details of stocks at different timeframes and target performance. Data scientists use Python and R scripts to apply ML techniques and build models.

The platform operates on a tournament model where data scientists submit predictions. They stake on their models to earn Numerai’s native cryptocurrency, NMR. Numerai combines thousands of individual models into a meta-model for making predictions. It subsequently allocates capital to its hedge fund. Moreover, participants can build reputations, compete on leaderboards, and earn significant rewards.

Numerai has attracted attention and backing from prominent entities. These include Union Square Ventures, Renaissance Technologies, and a Coinbase co-founder.

The platform is a pioneer at the intersection of finance and data science. Numerai incentivizes data scientists with its native NMR token. It offers a unique approach to stock market prediction and quantitative finance.

Filecoin (FIL)

Filecoin is a decentralized peer-to-peer network. It provides a secure and efficient marketplace for storing and retrieving digital data. The project utilizes blockchain technology, cryptography, and economic incentives. Users pay storage providers to host their data. These providers must continually prove they are correctly storing the data over time. Filecoin operates on top of the InterPlanetary File System (IPFS).

Central to Filecoin’s ecosystem is its native cryptocurrency, FIL. FIL serves as the primary medium of exchange within the network. It enables transactions between users and storage providers. Users pay FIL to store their data, while providers earn FIL for offering storage services. Additionally, FIL incentivizes various network participants like miners and developers. It also promotes participation in Filecoin’s governance.

Filecoin’s architecture and economic model aim to create a decentralized, censorship-resistant storage network. It seeks to make it more efficient and cost-effective than traditional centralized solutions. The combination of blockchain technology with economic incentives enables secure data storage. This is the most noteworthy part of Filecoin’s innovation, making it one of the best AI coins to buy.

SingularityNET (AGIX)

SingularityNET is a decentralized AI marketplace built on blockchain technology. Its goal is to develop beneficial Artificial General Intelligence (AGI) that can lead to a positive technological singularity. The platform serves as a decentralized hub where users can access and utilize a variety of AI algorithms created by a community of providers. By leveraging blockchain, SingularityNET aims to ensure a fair distribution of AI power, value, and technology globally.

A key focus is the creation of AI systems that contribute to a more compassionate, just, and sustainable world. SingularityNET provides infrastructure for publishing, managing, and integrating AI services into applications. It utilizes a dynamic network of AI agents that can outsource tasks, exchange data, negotiate payments, and build reputations.

The AGIX token facilitates transactions and governance and incentivizes participation through staking rewards. Long-term goals include the open-source development of a scalable AGI system called OpenCog Hyperon.

Through partnerships with entities like Fetch, DFINITY, VeChain, HAQQ, and World Mobile, SingularityNET collaborates to advance its mission of building a global decentralized AI ecosystem. By fostering collaboration, decentralization, and beneficial AI, SingularityNET seeks to revolutionize the AI landscape and democratize access to these transformative technologies.

The Best AI Coins in 2024 Infographic

 

Conclusion

The convergence of AI and blockchain creates a new wave of crypto projects. Pioneers in our artificial intelligence coins list use these technologies to revolutionize industries from finance to data management and AI development. Their decentralized solutions are increasing efficiency, security, and accessibility. As a result, they deserve to be on our list of best AI coins to buy.

Looking ahead, the continued intersection of AI and crypto has immense potential to drive disruptive innovation across sectors. The best AI coins and projects are democratizing transformative technologies, fostering collaboration through incentivization models, and unlocking new frontiers of possibility. As this space rapidly evolves, we can anticipate major breakthroughs that fundamentally reshape our understanding of AI and blockchain’s combined capabilities.