The sector of cryptocurrency has been relatively slow to embrace the transformative duo of AI and crypto. In this article, we’ll dig deeper and take a closer look at a Swiss company’s foray into this dynamic arena.
The entrance of Transformer technology from Google in 2017, coupled with OpenAI’sChatGPT, unveiled a whole new wave of AI technology. This development is determined to impact most, if not all, explored sectors, such as crypto. If one glances into AI designs like BloombergGPT or specialized LLM models 0built for media and e-commerce regions, it’s obvious that the crypto industry has been lagging behind in the AI course. According to data, crypto projects of AI make up less than 3% of the total variety of crypto capitalization. Nonetheless, the future tells a different story – it is likely that the fusion of crypto and AI will outperform the conventional “fat protocol hypothesis” and create an entire “massive AI layer”. Not too long ago, Arthur Heyth famously credited Bitmex by suggesting that the upcoming crypto surge will be based on AI.
For each technological leap, there are unbeatable opportunities for some companies. Those that get forlorn chances to dominate when it all begins categorized as ‘first movers‘ and can record colossal growths – and it would appear that the crypto field is witnessing such beginnings of swiftness nowadays. One of them is Swiss-located Smart Valor, which introduced a cryptocurrency exchange in 2017, gradually expanded services and provided APIs and other like-minded functionality specific to banks.
It’s worth mentioning here that Smart Valor is likely the only exchange platform in Europe to be fairly approved by the Nasdaq stock exchange clearance levels, buying them their much-awaited “public company” status – a signal of achievement only shared by Coinbase.
Long after as a start, Smart Valor
