Nguyen Lam, 34, an place of job clerk in Ho Chi Minh Town, says he is aware of that many AI cryptocurrencies, tokens that energy AI blockchain platforms equivalent to SingularityNET and Fetch.ai, will also be short-lived, however has nonetheless invested US$100-200 in them, hoping to make a snappy dollar.

“AI is attracting numerous consideration presently, so the cost of AI cryptocurrencies can skyrocket in a single day. I’ve purchased a couple of AI cryptocurrencies, and plan to promote them once I see the cost building up.”

Quang Thuan, administrator of a cryptocurrency funding team with 43,000 contributors, says: “In posts about AI crypto, many contributors frankly say they’re making an attempt their good fortune, simply purchasing a token recommended via any person, as an alternative of sparsely examining the era and attainable of the mission.”

Many of us have determined to put money into AI cryptocurrencies for brief phrases to make a snappy benefit, he says. On the other hand, the lifespan of those tokens is steadily very brief and unpredictable.

Amid the hype about OpenAI’s new chatbot ChatGPT introduced past due closing 12 months, AI-linked crypto tokens had been emerging hastily too, with tokens like SingularityNet and SingularityDAO hovering 126-138% over the span of a couple of days in early February, Bloomberg reported.

Consistent with Luan Tran, leader era officer of a blockchain startup in HCMC, Vietnamese are desirous about sure AI cryptocurrencies, together with Cortex, Numerai, SingularityNET, and Fetch.AI.

“Many flock to AI and lose cash as a result of they don’t perceive the character of era and simply attempt their good fortune in accordance with rumors.”

In past due February blockchain safety corporate PeckShield discovered dozens of rip-off tokens having a look to benefit from the ChatGPT AI chatbot craze.

Some other not unusual rip-off is named “rug pull,” the place a developer or writer promotes a mission equivalent to a brand new coin or non-fungible token (NFT) after which disappears with buyers’ cash.