It seems others are starting to get on board.
Bitfinex, the cryptocurrency exchange, released a blog post outlining how it views the future regarding AI and digital assets.
This is something that is going to continue. AI and blockchain go together, something we will see over the next couple years. We are rapidly moving into the next era of the Internet, one that will be agentic.
Here is where we see a massive shift in focus. No longer is it a system for humans. Instead, we will see the age of automation taking over.
Bitfinex: AI Agents And Cryptocurrency
AI tokens garner a great deal of attention. The challenge is that, speculation aside, much of what we see are nothing more than pumps. That said, we can take another approach to this.
In the future, most of the base layer will be AI coins. If we have networks that are populated with AI agents then, in turn, value is being driven by what is built on there. As the headline above shows, this will be run by smart contracts.
The intersection of artificial intelligence (AI) and digital assets is emerging as a transformative domain, with AI agents increasingly being explored as facilitators and managers of digital currency systems.
As stated in the past, these agents will not be transacting using Visa. Cryptocurrency is the native monetary system for the Internet. It is what will be utilized by the autonomous agents.
Blockchain will provide an epicenter for the development of the software applications.
One of the key advantages of AI in this space is its ability to process vast amounts of data in real-time, enabling more informed decision-making and improving transaction execution speed.
...the potential of combining AI and decentralized technologies to create intelligent, self-governing agents capable of enhancing the functionality of blockchain networks.
Ultimately, AI agents are going to be an extension of humanity:
The note defines AI agents as decentralized, self-governing, autonomous, and intelligent software programs that can use the blockchain with some of the dexterity of a human.
Obviously, an exchange is going to focus upoin the financial side of things, including trading. However, this is only the tip of the iceberg.
AI agents are baslically skills. They automate tasks that are often done by humans. For example, most do their grocery shopping. The process involves making a list and, perhaps, ordering off an application.
A concept of this could be an agent that is tried to the refirgerator and the system monitoring the cupboards. When things get low, the product is added to the list. The AI agent could handle the ordering, removing human interaction from the equation.
Naturally, something like this entails a great deal more development since real world interaction is required. However, it does illustrate some of the possibilities people are considering.
The World of Digital Assets
What happens if an individual owns hundreds of NFTs? How is this managed?
Right now, it might not seem like a big deal since NFT utility is scarce. Nevertheless, we are likely moving towards a time when ownership is based upon NFTs. We are going to see more real world assets tokenized.
This means management of hundreds (if not thousands) of assets is needed. Here is where AI steps in.
The potentiality is only starting to be uncovered. Both AI and digital assets are still in their infancy. We are getting a glimpse into the potential based upon what we developed so far.
The future of AI and cryptocurrency represents a convergence of two transformative technologies that have the potential to reshape global finance and digital interactions. AI’s ability to process vast amounts of data, detect patterns, and optimize decision-making complements the decentralized and transparent nature of blockchain technology.
AI-powered decentralized autonomous organizations could emerge as self-governing entities that dynamically adapt to market conditions, optimizing operations without human intervention.
Furthermore, AI-enhanced smart contracts could enable complex agreements that react to real-time data inputs, expanding the use cases of blockchain technology. As these innovations evolve, the interplay between AI and crypto will likely pave the way for a more efficient, secure, and inclusive digital economy.
The last part is key.
What percentage of the future economy will be digital? In my mind, this will push 100%.
Naturally, not everything will be done online. We still operate in a physical world. Yet, if we consider robotics, then we see the bridge between the two.
As these merge, the "brains" of the system become ever more important. This is not much different from us humans. While brawn is necessary in many instances, it is brains that drive the show.
So what is managing the brainpower of the economy in the future? If we have an economy that is based upon businesses that are autonomous agents, what is behind it all?
In other words, it is likely that our businesses are AI agents. These will be tokenized assets on blockchains, offering fractional ownership pieces to people throughout the world.
AI Networks
Blockchains will ultimately become AI networks.
They will be managed by AI systems, with AI agents built on top. The reduction of human oversight means we will see increases in efficiency, driving prices for certain transactions down.
We already see the amount of human traffic declining. The Internet is driven by computers. Automation is not going to stop. In fact, it is accelerating as more capabilities are uncovered.
Generative AI is the infrastructure for the future economy. Just like the highway system was the foundation for the Industrial Revolution, altering the movement of goods, we are seeing a new form of compute emerging.
The next "Industrial Revolution" is going to incorporate generative AI into everything that is done. Disruption online searches is the bare basics. Essentially, we are dealing with the manufacturing of cognative abilities.
Since the world is going to be tokenized, the merging of these two technology is crucial.
We all know what the alternative is.