AI blockchain sector surges with $100m investment in Fetch.AI, highlighting potential of future AI crypto projects, including Scotty the AI for security and eTukTuk for sustainable transportation.
Fetch.AI, a blockchain network focused on artificial intelligence (AI), has secured a significant investment of $100 million. This funding marks a major milestone for the convergence of AI and blockchain technologies, highlighting the sector’s rapid growth.
The investment will be used to launch Fetch Compute, a platform powered by Nvidia GPUs designed to empower developers and users within the Fetch.AI ecosystem. Fetch Compute aims to fuel innovation by providing access to robust computing power, specifically addressing the scarcity of GPUs and facilitating exploration of complex AI models and solutions.
Furthermore, Fetch.AI is introducing a new reward system for token holders, enabling them to earn Fetch Compute Credits and cover GPU usage fees. This initiative underscores Fetch.AI’s commitment to supporting creators and driving innovation within the AI blockchain space.
With the increasing capital interest in AI blockchain investments, investors are now exploring the market for future AI crypto projects positioned to lead this emerging sector. The latest $100m investment has shined a light on the following future AI crypto projects that are positioned as the top AI altcoins to watch in 2024.
Scotty the AI: Security and Fraud Detection in Crypto
Scotty the AI focuses its AI technology on improving security measures in the cryptocurrency market by using its advanced AI capabilities to analyse blockchain data and proactively detect potential threats, particularly focusing on fraud detection.
Named after the vigilant Scottish Terrier breed, Scotty the AI aims to embody intelligence and vigilance, safeguarding blockchain transactions and ensuring user security.
Key features of Scotty the AI include:
* Proactive threat detection
* Transparent governance
* ScottyChat: an AI-powered chatbot providing real-time market insights and personalised recommendations to users
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ScottyChat serves as a hub for crypto enthusiasts to exchange ideas and navigate the digital asset landscape effectively. It operates 24/7, empowering users to access valuable insights and information whenever needed.
Scotty the AI uses a fixed token supply of 1.73 billion $SCOTTY tokens built on the ERC-20 standard, with a community-driven approach. The project’s roadmap outlines strategic initiatives focused on security enhancement, community involvement and market outreach.
eTukTuk: Revolutionising Transportation with Blockchain and AI
eTukTuk is disrupting the transportation sector by leveraging blockchain and AI technologies to transform the 3-wheel motor vehicle TukTuk industry while promoting sustainability and financial inclusion – predominantly in Africa and Asia.
Through streamlined manufacturing processes, AI integration and strategic partnerships, eTukTuk aims to make a significant impact on the sector and address pressing environmental and social challenges.
The project incentivises a diverse community, including drivers, charging station hosts, developers and other contributors, through $TUK token rewards, aiming to rapidly scale its network and drive societal impact.
By adopting a multi-chain approach encompassing BNB Chain and Cardano, eTukTuk promotes accessibility for all participants.
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eTukTuk’s streamlined manufacturing process, developed over five years, utilises fewer than 200 locally sourced components, reducing development costs and enhancing accessibility for drivers. LFP batteries and AI-powered guideline systems further optimise operational efficiency, making eTukTuk vehicles an attractive choice.
AI integration is core to eTukTuk’s ecosystem. The eTukTuk Driver App uses AI to optimise driving routes and minimise battery consumption.
By analysing data from applications and partners like PickMe, AI aids in strategic decision-making processes, facilitating the placement of charging stations for optimal coverage.
Investors can participate in Scotty the AI’s and eTukTuk’s presale, acquiring $SCOTTY and $TUK tokens with the potential for substantial utility and growth within the future AI crypto market.
