AI and Crypto: What’s New in GRC-20, NEAR & FET Staking?

The Crypto AI project is transforming the blockchain industry this year, using automated data analysis and decision-making processes to create smarter and more...

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The Crypto AI project is transforming the blockchain industry this year, using automated data analysis and decision-making processes to create smarter and more efficient decentralized systems.

Here’s what’s new about AI in Cryptocurrency and blockchain: The Graph introduces a new data standard, NEAR Protocol becomes compatible with MetaMask, and ASI Alliance announces a new staking platform.

The Graph Protocol Introduces the GRC-20 Data Standard

The Graph Protocol, which uses AI to improve decentralized indexing and querying of blockchain data, has introduced a new data standard called ‘GRC-20‘.

This standard can replace traditional frameworks such as the Resource Description Framework (RDF), which are less suitable for the decentralized nature of Web3.

The Graph GRC-20 — GRC-20 Standard Explained. Source: Yaniv Tal, Co-Founder of The Graph

Overall, GRC-20 provides a common language for knowledge. It will enable developers to build applications that can interact and evolve with the momentum of Web3 technology.

“Just as ERC-20 standardizes value on Ethereum, GRC-20 will standardize data, information & knowledge and bring web3 to life,” The Graph write on X (formerly Twitter).

Following the announcement on November 21, The Graph’s GRT token increased by nearly 12%.

NEAR Protocol, a blockchain network that powers dApps using AI, now compatible with MetaMask Cryptocurrency wallet. Users can interact directly with NEAR applications through the MetaMask wallet.

In particular, this integration is part of MetaMask’s Snap ecosystem, expanding its functionality to support non-EVM (Ethereum Virtual Machine) blockchains such as NEAR.

Additionally, NEAR Snap will enable MetaMask to interact and sign transactions on NEAR, Solana, Cosmos, Tezos, Bitcoin, Sui, Aptos, Algorand and many other platforms.

“Whether you’re a DeFi enthusiast, NFT fanatic, or meme hunter, the days of having to use multiple wallets are over. With NEAR’s Abstracted Chain Future, You Can Use Ethereum Wallet to Explore the Entire Web3,” NEAR Protocol write on X (formerly Twitter).

According to CoinGecko, NEAR remains the largest AI token by market capitalization. The token has maintained strong momentum throughout this year, growing nearly 250% since January.

NEAR protocol price — NEAR Price Fluctuations Throughout October January. Source: TinTucBitcoin

Artificial Superintelligence Alliance Announces Details of FET Staking Model

Artificial Superintelligence Alliance (ASI Alliance) has announced details of their staking platform – ASI Train. It will use a unique staking model for Fetch.ai’s FET Tokens.

According to the project, investors can stake their FET Tokens and receive rewards. This will support AI model development in various industries.

“ASI: Train will enable FET holders to secure AI platform models by locking Tokens and participating in their economic potential. Platform models are large, pre-trained machine learning models that provide a starting point for diverse scientific purposes. They are trained and have access to a wide range of data to specialize in a certain niche,” ASI Alliance write on X (formerly Twitter).

ASI Alliance is a collaborative initiative founded by Fetch.ai, SingularityNET and Ocean Protocol. Established in March 2024, the alliance aims to promote decentralized AI research and development.

After this alliance was formed, the FET Token reached an all-time high of $3.45 in March.