This article introduces 5 alternative investment opportunities in the "shovel" category that follow the trend of artificial intelligence.
Written by: Emperor OSMO
Compilation: Deep Tide TechFlow
Crypto+AI is one of the hottest topics in 2023, yet most tokens are down over 60%, at ATL-All Time Low. The potential rewards in this field can be huge! Some have made huge returns by speculating on AI-related narratives in cryptocurrencies, but such short-term gold rush returns are not sustainable. To find sustainable AI investment opportunities, you need to look for the gold-digging “shovels” in the AI narrative.
Here are 5 alternative "shovel" investment opportunities that could follow the AI trend.
Akash Network ($AKT)
Akash Network is a network that allows users to buy and sell computing resources safely and efficiently. The network aims to decentralize the cloud computing market, a multi-billion dollar opportunity.
The Bullish view on $AKT can be summarized as follows:
- The growth of artificial intelligence will increase the demand for GPU;
- New $AKT token economic model;
- Lease GPU computing power.
We've seen a $NVDIA surge due to excess GPU demand, and the potential here is huge.
Render ($RNDR)
Render is focused on creating a network of individuals that connects users seeking to perform renders with those who have spare GPUs available to process those renders. Render aims to make GPU rendering more accessible and affordable as the use of AI continues to grow.
RenderToken is an investment opportunity about GPU scalability, which allows the use of node runners' GPUs to charge for computing graphics rendering. More GPU usage = more demand for $RNDR.
BitSensor ($TAO)
BitSensor is an interesting technology; they are essentially building a decentralized network of machine learning models. $TAO is used to reward network contributors and grant them access to the network.
Ocean Protocol ($OCEAN)
Web2 monetizes the data you feed to networks like Facebook, Instagram, and even Twitter, Ocean breaks the mold to create a decentralized data marketplace by infusing AI learning into its models.
Bullish view on $OCEAN:
The launch of $H2O is a Stablecoin in cooperation with $RAI, with $OCEAN as collateral. This Stablecoin will be used as a medium for data transactions, making transactions easier while driving demand for $OCEAN tokens.
Arweave ($ AR )
The data storage market is a $200 billion behemoth controlled by a few centralized entities. Arweave is a decentralized storage network that aims to provide a platform for indefinite storage of data by matching buyers with sellers.
Bullish view on $ AR :
Advances in artificial intelligence drive demand for data storage providers like Arweave and $AR tokens, increasing partners. Its list of partners so far is quite impressive, including:
• Solana;
• NEAR;
• Avalanche;
• Polkadot;
• Cosmos.
When major trends emerge—such as the rise of artificial intelligence—developers can try to capitalize on this trend by creating products. However, sustainable profits lie in the tools that make these products (shovels) possible.
