Crypto AI Tokens Surge Amid Uncertainty Over Technologies and Competition
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Crypto AI tokens like WLD, AGIX, and FET recently surged on the back of enthusiasm for traditional AI companies like Nvidia and OpenAI. But the technologies behind these crypto AI projects are vague and unproven.
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Fetch.ai claims to connect users to AI assistants to help with tasks like travel booking. But it's unclear how it can compete with Big Tech companies already dominating this space.
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Worldcoin aims to provide universal access to the global economy by scanning irises. But this has raised privacy concerns, leading it to exit some markets, and its token's purpose is unclear.
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Some critics suggest these crypto AI projects may follow pump-and-dump dynamics, with prices unsustainably inflated by promoters before eventually falling.
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Investors should beware of fraud in new systems, per Worldcoin co-founder Sam Altman's own advice. The value of these crypto AI tokens remains doubtful.