Big Data Protocol (BDP) Surged By 1,400% Amid Giant Firms Announce AI Chatbots

Key Points:

• Big data protocol (BDP), the native token of a new decentralized data marketplace, witnessed a nearly 1,400% rise last week.
• SingularityDAO (SDAO) and SingularityNET (AGIX) gains ranging from 170% to 200%.
• Fetch.ai (FET), measurable data (MDT), matrix AI network (MAN), deepbrain chain (DBC), oraichain (ORAI), and Vectorspace AI (VXV), with price gains ranging from 75%-95%.

Artificial intelligence (AI) and big data tokens such as Big data protocol (BDP) are surging amid a massive interest in AI chatbots. Google is marketing its Bard bot, while Microsoft has redesigned its Bing search engine, which now includes ChatGPT.

Crypto assets in the AI and big data field have skyrocketed. According to CoinGecko data, Big data protocol (BDP), the native token of a new decentralized data marketplace, has led the pack with a nearly 1,400% rise in the last week, trading at roughly $0.46.

AI-focused tokens such as SingularityDAO (SDAO) and SingularityNET (AGIX) are close behind, with gains ranging from 170% to 200%. Other prominent gainers in the AI and data intelligence field include fetch.ai (FET), measurable data (MDT), matrix AI network (MAN), deepbrain chain (DBC), oraichain (ORAI), and Vectorspace AI (VXV), with price gains ranging from 75%-95%.

Many of the initiatives include blockchain-based data analytics as well as a distributed infrastructure to enable decentralized AI and data science models.

SingularityNET, for example, incentivizes individuals to provide data that improves proprietary AI models. Tokens are then awarded to users. DeepBrain Chain, for example, reduces the cost of training AI models by allowing users to donate data and processing power to a distributing network.

The recent buzz around text and image generation models such as ChatGPT, StableDiffusion, and DALL-E has fueled speculative rallies for niche crypto ventures.

Previously, Coincu reported Chinese Search Giant Baidu is seeking to launch an artificial intelligence chatbot service akin to OpenAI’s ChatGPT, putting China at the forefront of a race sparked by the tech craze. After the announcement, the company’s stock surged as high as 5.8%.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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