Cryptocurrencies like InQubeta and Bittensor (TAO) are emerging as the top altcoins to buy as an increasing number of investors flock towards cryptos that help to push the development of artificial intelligence (AI).
Investments in the artificial intelligence space have increased tremendously in the past several years. Only $12.75 billion was invested in the sector in 2015, compared to $119 billion in 2022. This massive increase is a clear sign many traditional investors are betting big on AI being the next major technological breakthrough. Total investments in the AI space are expected to rise to $1,591 billion by 2030. A portion of these investments will be poured into AI cryptos like Bittensor and InQubeta.
Trailblazer AI cryptos like InQubeta gaining traction with investors
One of the most impressive things about the increase in funds being poured into the AI industry is that it mostly accounts for investments made through mainstream investment entities. These firms are known to be highly elitist with unreasonable requirements like minimum deposits that are sometimes more than the average person makes in a year.
InQubeta’s cutting-edge platform is generating buzz with crypto investors as it bypasses many of the barriers associated with traditional investments. It allows anyone to be part of the AI technology revolution by purchasing equity in promising startups through fractionalised NFTs.
Companies raise the funds they need on InQubeta’s ecosystem by creating ERC-20 non-fungible tokens (NFTs) that represent equity in their firms. The value of these tokens goes up as their creators’ valuation increases. Some of these NFTs also provide other rewards like early access to services and products developed or profit-sharing.
The NFTs created by startups that need funding are listed on the InQubeta blockchain’s marketplace. Investors browse the different tokens on the marketplace and purchase the tokens of any companies they find promising, purchasing equity in them. These tokens can be sold at any time for profit or kept for the long term.
InQubeta (QUBE) marketplace transactions are performed with $QUBE tokens – the ecosystem’s native deflationary currency. A 2% tax is tacked on to all marketplace transactions and sent to a burn wallet to be removed from the total supply. This helps to increase the demand and prices for $QUBE tokens.
$QUBE holders can also earn profits by helping to run InQubeta’s network via staking their tokens. A 5% sell transaction tax is levied on all $QUBE sell transactions to fund a pool that rewards miners who stake their tokens.
$QUBE tokens also give investors access to the platform’s governance. Anyone with $QUBE tokens is allowed to propose, discuss, and vote on ideas that affect InQubeta’s operations or future. The size of each investor’s holdings determines how much weight their vote carries.
Bittensor enjoyed solid growth in May
Bittensor is an open-source protocol used to power a blockchain-based machine-learning network. Machine learning models can train collaboratively on the network and earn rewards in TAO – the platform’s native currency. TAO tokens also grant users access to external data sources.
Bittensor’s goal is to create an incentivized market for AI where producers of AI-powered tools and consumers can interact transparently and openly. The platform allows for the development and distribution of AI by leveraging the power of a distributed ledger. Bittensor prices enjoyed steady growth in May and more of the same is expected in the following months as cryptocurrency investors gravitate towards altcoins linked to the development of artificial intelligence.
Many cryptocurrency investors are moving toward AI cryptos as it becomes more obvious that artificial intelligence will be the next major technological breakthrough. InQubeta is leading the way thanks to its platform making it easier for everyday users to invest in AI while helping startups to secure the funds they need so they can keep developing AI-powered goods and services.
*This article was paid for Cryptonomist did not write the article or test the platform.