Web3 projects set to benefit from AI 🌐

🎉 Generative AI has created a lot of buzz and discussion on social media after the release of OpenAI's chatbot ChatGPT-4.

🤖 The buzz about ChatGPT's potential has made it to the Web3 community, where several projects are seriously exploring the possibilities of combining blockchain technologies with artificial intelligence.

💰 For example, the cryptocurrency exchange and Web3 technology company OKX announced on March 31 that it would launch a new integration from EndoTech, which uses AI algorithms to capture volatility in the cryptocurrency market.

📈 Similarly, others like fetch.ai, a decentralized marketplace for AI-based services and products that pays for the automation of numerous functions, are merging AI bots with blockchain and cryptocurrency.

🌐 In addition to the existing AI models, more developers are deciding to concentrate their work on training new generative AI models. Blockchain video delivery network Theta Labs has partnered with the artificial intelligence (AI) platform FedML for collaborative training of large-scale generative AI models.

🌟 Generative AI is also finding several applications in the cryptocurrency sector, such as for tracking blockchain transactions, deploying autonomous economic agents for trading and more.

🤝 SingularityNET is a decentralized marketplace for AI tools that can employ ChatGPT-style bots to assist users with trade executions, provide market information and analysis, and handle account-related queries.

👨‍💻 ChatGPT can also help developers to write smart contracts for Web3 projects. By processing natural language, developers can write smart contract code in natural language using ChatGPT's AI, which can decrease errors and increase coding productivity.

🔍 AI can also assist developers in finding possible problems with their code, potentially avoiding expensive errors and increasing accuracy.

🤖 Finally, the use of NFTs as digital avatars will increase as metaverse development progresses. With AI, NFT avatars will be able to learn from their users and resemble their expected personality, creating intelligent NFTs.

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