• Chris Burniske, a venture capitalist and former ARK Invest analyst predicts that AI will soon be a huge part of blockchain activity.
• AI-linked crypto projects have seen growth in 2023 yet Kaiko reported seeing a downtick in trading volume relative to other digital asset classes.
• Burniske believes that the use of bots on some chains is just the beginning and that AI agents will eventually dominate crypto networks.
Artificial Intelligence Machines to Dominate Blockchain Activity
Veteran crypto venture capitalist Chris Burniske predicts that artificial intelligence (AI) will soon work its way into the crypto ecosystem and become a huge player in blockchain activity. According to him, “AI agents” will eventually dominate crypto networks.
Growth of AI-Linked Crypto Projects
AI-linked crypto projects have witnessed healthy growth in 2023, however, last week crypto intelligence firm Kaiko reported a downtick in trading volume relative to other digital asset classes. The report also stated that “AI-related tokens have been losing momentum, hitting lowest weekly trade volume since January.”
Burniske’s Predictions for AI Agents
Burniske anticipates “stunning” growth for the sector once it clicks how perfect blockchains are for the financial needs of AI agents. He also believes that the already existing bots on some chains are akin to humans experimenting with early tools and are only at the beginning stages.
MAMs vs MAUs
Burniske suggests that due to this potential growth of AI agents on blockchains, stats may need to segment between MAUs (monthly active users) and MAMs (monthly active machines).
Conclusion
As Artificial Intelligence becomes more involved with blockchain technology, we can expect to see an increase in usage statistics as well as potential changes made towards distinguishing between human users and machine entities within each chain.