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AI in Web3: How AI Manifests in the World of Web3

Vitaliy Basiuk
Contributor
Alissa Adams
Editor Fact checked
April 18, 2023 | UPD: June 10, 2024 | 9 mins min. reading | 954
AI in Web3

How AI Manifests in Web3?

Experts believe that most existing software will be revised with artificial intelligence (AI) and machine learning (ML) as the primary building blocks. According to PWC, AI will add $15.7 trillion to the global economy by 2030, increasing GDP by as much as 14%.

As time passes, AI won’t be the only technology to rise to prominence. Databases and user identities stand out when considering the pervasive parts of software programs.

Intelligence is the primary ingredient in today’s most cutting-edge computer programs. Concepts in software development are being rethought with the help of ML, including cloud computing, cyber security, and networking. Many of these software tendencies will be refined in the third generation, and ML will likely play a crucial role in developing AI-based Web3 technologies.

Web3 is not immune to the widespread impact that AI is having on other technologies and markets. Web3 technologies would benefit significantly from AI, but there are serious technological hurdles in the way. It’s crucial to pinpoint how AI integration into Web3 might be realized and the potential obstacles that could foil such an endeavor.

At present, most AI-based solutions come from a single location. Despite this, the real question is how AI, with all the hoopla surrounding it, can fit into the new decentralized world of Web3. We need to know how to decentralize AI. We will cover all these topics and more in this post.

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FAQ

What is AI in Web3?

AI in Web3 refers to using artificial intelligence (AI) technologies within the context of Web3 applications and blockchain systems. Web3 is the next evolution of the internet, which is being built on decentralized blockchain networks, and AI can play an important role in enhancing the functionality, efficiency, and security of these networks.

Is AI a part of Web3?

Yes, AI is a part of Web3. Web3 refers to the next stage of the internet, built on decentralized blockchain networks. AI enhances the functionality, efficiency, and security of these networks.

What is Web3 used for?

Web3 refers to the latest version of the internet, shifting to the use of decentralized blockchain networks, and it is used for a wide range of applications and purposes. Some key use cases for Web3 include DeFi, NFTs, Supply Chain Management, Identity Management, Gaming, and Social Networking.

What is a Web3 example?

There are several examples of Web3 applications and platforms that are currently in use or under development. One of them is Uniswap, a decentralized exchange that runs on the Ethereum blockchain. It allows users to trade cryptocurrencies without the need for intermediaries or centralized exchanges.

Categories:
Blockchain
Web3
Written by
Vitaliy Basiuk
CEO & Founder

Written by Vitaliy Basiuk
CEO & Founder at EvaCodes | Blockchain Enthusiast | Providing software development solutions in the blockchain industry

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