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Chainlink (LINK) Developers Hint towards AI Token Pivot?

  • Chainlink developers have hinted at an AI token with fraud prevention and other uses.

  • Chainlink's founder, Sergey Nazarov, revealed the team's intentions to take into account the many blockchain-based AI use cases.

16-Feb-2023 By: Simran Mishra
Chainlink (LINK) Dev

Developers have made hints that Chainlink might evolve 

into an AI token with integration for fraud prevention and other uses.

The race to link the Ethereum-based blockchain network to AI integration appears to be on among its developers. There is a search for a blockchain-AI hybrid following the recent instantaneous acceptance of ChatGPT and the enormous interest in AI tokens in the cryptocurrency industry. Even though the battle between ChatGPT and Google Bard rages on, traders continue to cast their bets on some of the new AI tokens. Existing cryptocurrencies, meanwhile, are in no mood to pass up the chance to profit from the AI craze.

Chainlink developers start their efforts to integrate AI.

Sergey Nazarov, the founder of Chainlink, disclosed the team's plans to incorporate the numerous AI-based use cases for the blockchain. In the field of decentralized finance, Chainlink primarily functions as a technology that makes universally connected smart contracts possible (DeFi). One of the suggestions is to begin cross-chain operations-based fraud detection using AI. Finding methods to develop AI-based learning is the ultimate goal.

As a result, Chainlink will become an AI token through the appropriate usage of AI. In the eyes of the general public, AI tokens are those cryptocurrencies that make use of artificial intelligence to enhance fundamental properties like scalability and security.

Based on the current market capitalization, the cryptocurrency is ranked 21 with a market worth of $3.91 billion. As of this writing, the price of Chainlink is $7.17, up 5.39% over the previous day, according to CoinGabbar.

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