Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the last seven days, four out of the top five AI-centric digital currencies have seen double-digit gains against the U.S. dollar.
An Overview of AI-Centric Crypto Asset Market Moves After GPT-4 Release
On March 14, 2023, Openai launched the next iteration of deep learning and artificial intelligence (AI) with the release of GPT-4, otherwise known as Chat GPT-4. Openai detailed on Tuesday that the new product is a “milestone” as it accepts images and text inputs and emits text outputs.
GPT-4 has also passed various professional and academic benchmarks better than the GPT-3.5 version. Furthermore, on Tuesday, it was shown that GPT-4 was able to review an Ethereum smart contract and identify specific bugs and vulnerabilities.
“I dumped a live Ethereum contract into GPT-4,” Coinbase Director Conor Grogan explained on Tuesday. “In an instant, it highlighted a number of security vulnerabilities and pointed out surface areas where the contract could be exploited. It then verified a specific way I could exploit the contract.”
Grogan also mentioned how the smart contract was exploited in 2018 and GPT-4 was able to identify the exploits used. Since the release of Openai’s GPT-4, AI-centric tokens are reaping the benefits of the product’s hype.
Currently, market statistics from cryptoslate.com indicate that 74 listed crypto assets associated with artificial intelligence concepts are valued at $3.9 billion. Nine out of the top ten AI-crypto assets are up between 0.6% and 25.63% over the last 24 hours.
Singularitynet (AGIX) has jumped 25.63% over the day and 28.97% higher over the last month. Graph (GRT) increased 3.63% over the past day and 11.92% this week. Fetch.ai (FET) is up 9.98% over the last 24 hours and 10.17% for the week. Moreover, ocean protocol (OCEAN) has risen 9.35% today and 17.39% during the past seven days.
While the fifth-largest AI-focused cryptocurrency is up 5.17% over the last day, iexec rlc (RLC) dropped 20.92% in value against the dollar this month. It is also the only AI-centric crypto in the top five that has seen a decline this week. The top four, GRT, AGIX, FET, and OCEAN, have claimed double-digit gains over the seven-day period.
Other notable AI-focused crypto asset gainers this week include cortex (CTXC) up 24.96% and singularitydao (SDAO), which jumped 18.54% higher over the last seven days. A notable loser this week was alethea liquid intelligence (ALI), down 8.63% against the U.S. dollar.
What are your thoughts on the impact of artificial intelligence on the crypto market? Share your opinions in the comments section below.