Cryptocurrency

Top 3 AI & Web3 Crypto Projects to Watch Out For in 2023

IndustryTrends

Artificial intelligence (AI) is fast making strides to become one of the most widely-used technologies in the world. Given how it made such a splash last year, experts expect the technology to continue blazing a trail in 2023 as well. In the international cryptocurrency market, there's a flurry of projects that are leveraging the combined potential of blockchain and AI to drive new value and gains for crypto users. 

Take the example of InQubeta. A decentralized platform for fundraising, InQubeta helps startups working in the field of AI to raise seed capital for their projects and achieve their goals. Being built on Ethereum, analysts are describing it as one of the best cryptocurrencies to invest in as it enables potential investors to access genuine investment projects on a secure platform. By making a move while the project is in the pilot stage, they can benefit from the early bird advantage. The cherry on the cake is Ethereum's features and security that bolster InQubeta's operations and also boost users' confidence. Many analysts have predicted a potentially huge rise once it gets listed on mainstream exchanges. The following list features two more AI-based crypto projects that, like InQubeta, are using the technology to bring more innovative ideas to life while helping users diversify their portfolios.

1. InQubeta: Empowering impactful AI startups

InQubeta is a next-generation crypto project that has been making waves with its innovative use of AI and blockchain technology. Addressing a structural lacuna in the startup industry, the platform serves as a bridge that connects potential investors with startups looking for seed capital. What's more, is that it's powered by Ethereum, which offers the network world-class security and scalability. The platform's native token QUBE is built on the ERC-20 protocol and it is the primary cryptocurrency on the network. The token is currently being sold on presale and its presale success has fetched it a spot on every analyst's best new ico list. 

The reason why so many analysts are calling the QUBE token one of the best cryptocurrencies to invest in is because of its versatility. With 1,500,000,000 units in supply, the token caters to multiple requirements for both the team as well as the token holders. Apart from presale, the InQubeta team plans on using the tokens for maintaining the reward and liquidity pools, for funding marketing campaigns, exchange listings, and legal matters. Apart from using the token for transactional purposes, token holders can use it for securing voting rights which empower them to make their voice heard about operational issues. These voting rights can be used for voting for proposals that seek to implement important changes in the InQubeta protocol or NFT marketplace. The decentralized governance structure of the platform also allows token holders to move such proposals themselves.

Another reason why the QUBE token is making a splash on the internet's best ico websites is its deflationary model, which prevents token holders from losing their returns to inflation and market volatility. Under a deflationary token, a platform always regulates the token supply in such a manner that it's always less than the demand. With InQubeta, this is done by storing tokens in a 'burn wallet' where these coins are destroyed and removed from circulation. 

If a token holder sells the QUBE token, they have to pay a tax. While the majority of the tokens collected as tax are used for purposes like maintaining the rewards and liquidity pools and for financing marketing campaigns, a small portion is also sent to the burn wallet to rein in the token supply. 

Under InQubeta, startups create NFTs that represent a share of equity or a reward level that investors will get on investing in their projects. These NFTs will be made available on InQubeta's NFT marketplace where investors have the freedom to evaluate and assess the NFTs and the opportunities it represents. Once they buy the NFT, the proceeds go to the startups. Apart from an opportunity to raise funds, InQubeta also provides startups with the opportunity to interact with a growing network of QUBE token holders and expand their network. 

Users should know that any tokens that they purchase will have a vesting period of 12 weeks and they can access the purchased coins only once the lock-in period ends. The lock-in period enables the InQubeta team to gradually release the tokens into circulation rather than dump them into the market all at once. Not only does a vesting period help the team create a transparent and sustained investment ecosystem but it also boosts users' confidence in the cryptocurrency.

2. DigiToads: Driving gains with a hybrid crypto model

DigiToads is considered the best cryptocurrency for beginners that one can find in today's market as it allows its users to access multiple options for earning passive income on a single platform. The secret to DigiToads' success is its hybrid model which has been developed by merging three different cryptocurrencies – a meme token, a staking portal, and a play-to-earn platform. With their combined functionality, one can stake assets, trade tokens, bag rewards in play-to-earn games, enter trading competitions, and do much more on one platform. DigiToads has rolled out a native token called TOADS which is used for all transactional purposes on the network. The token can also be used by its holders for securing voting rights and having a say in proposals regarding operational matters.

One of DigiToads' best features is the trading competitions that it organizes each month. These competitions not only test the trading skills of community members but also allows the team to pick out the most talented traders among them. The winners of these competitions get a share of profits that they bring in but the bigger prize is the chance to learn about treasury management from the DigiToads team. After the traders become better at the job, they will be helping out the DigiToads team in managing the treasury regularly.

In its play-to-earn game, players get a chance to win TOADS tokens if they are among the top 25% scorers of the season. Every game season lasts for a month and entails players competing in an arena-style swamp. For help defeating the enemy, the players can seek help from digital creatures called DigiToads, who are known for their superior strength and special characteristics. 

3. The Graph: Deploying dApps for higher scalability and efficiency

The Graph is an indexing protocol that has been designed for querying data for blockchain networks like IPFS and Ethereum. It also provides developers with a host of tools for deploying cutting-edge dApps that can promote Web 3.0 adoption. Its native token is GRT and it's used for meeting various transactional obligations that one might come across on the network. All blockchains powered by The Graph have an open data layer on top of them. The top layer enables indexers to deploy their own Ethereum nodes and run the Graph node. Alternatively, they can use other node operators like Alchemy or Infura for running the Graph node. Under The Graph Network, a community of curators, indexers, and delegators provide services and provide indexed data to dApps. In exchange for these services, these professionals can earn income. 

What makes The Graph one of the best crypto investments of 2023 is the ease with which one can deploy or publish an open-source application programming interface (API), called subgraphs, on its network. These APIs can query data with GraphQL for retrieving data from blockchains seamlessly. With subgraphs, developers can benefit from advantages like quick access to indexed data.

One of the reasons why so many analysts are describing The Graph as the best crypto investment of 2023 is the fact that developers don't have to get into the hassle of contracts or pay any monthly fees. Users only have to pay for the queries that they use and the fees have to be paid in terms of GRT tokens. While indexers are node operators who stake GRT tokens to provide services like query processing and indexing, delegators are professionals to delegate or stake GRT tokens to indexers. They contribute to the network's security without running a node themselves. Meanwhile, curators associated with The Graph assess the Web 3.0 ecosystem to signal which subgraphs should be indexed by The Graph. The platform rewards curators by sharing with them the query fees generated by subgraphs. These professionals share a rebate pool where they get rewards proportionate to the work done by them. Lastly, developers form the supply side of the network. They create and publish subgraphs on the network and then query live subgraphs to deploy their dApps.

Conclusion

If you want to be a part of the AI revolution, the above-mentioned crypto projects are among the best coins to invest in. Not only do they explore the full potential of AI but also let their users let loose their creativity and skills to build new income streams. Plus, if you opt for any of these crypto projects you can turn them into a steady source of passive income that can yield long-term gains. 

While each of these crypto projects has its strengths, only InQubeta has managed to woo crypto analysts as well. Many crypto experts have reviewed the QUBE token and have been impressed with its growth potential. A key USP that many analysts have hailed is InQubeta's nuanced model that addresses a structural problem in the startup industry. By addressing the problem, not only is the platform helping startups but it is also catalyzing the decentralized finance ecosystem by paving the way for game-changing innovation. 

In the coming months, analysts expect the QUBE token to continue to rise to new popularity levels and even soar by 30x. While these projections are welcome, one should always conduct some research before going ahead with buying a cryptocurrency. As the global market changes over the course of time, cryptocurrency users should acquaint themselves with the risks associated with a crypto project before deciding to buy it.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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