AI Meets Blockchain — The Next Big Investing Opportunity?

Over the past few decades, we’ve seen game-changing technologies like the internet, smart phones, 5G, blockchain, the metaverse, and now AI — all of which generated billions for early investors. Spotting the next big opportunity early can be highly rewarding.

Could the next breakthrough come from the merging of two of these technologies?

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Blockchain and AI are poised to converge, creating what could be a once-in-a-generation investment opportunity as the next wave of innovation unfolds.

While Nvidia continues to dominate AI headlines and Bitcoin introduced blockchain to the masses, it’s the fusion of AI and blockchain that’s now drawing attention. AI thrives on vast amounts of data, and blockchain provides a secure, decentralised way to store and manage that data. This powerful combination has the potential to unlock a new era of privacy, security, and efficiency.

Forward-thinking investors are already focusing on this technological synergy, recognising its potential to reshape industries worldwide.

One standout project in space is Bittensor (TAO) — a $4Bn decentralised network that enables hundreds of AI models to collaborate and learn from each other when completing tasks. Bittensor (TAO) can be regarded as a pure play in the blockchain and AI space, standing out among the few projects globally that seamlessly combine both technologies.

Locally regulated alternative investment app Altify (FSP No. 53289), backed by JSE-listed Sabvest, is the only platform in South Africa where you can buy Bittensor (TAO). The VC-backed fintech is offering zero buy fees* on all of its listed assets in the last week of October — Read to the end for more information on this promotion.

Why AI and Blockchain are the Biggest Investment Stories of the Future

AI and blockchain are two of the most disruptive technologies of our time. AI’s ability to analyse vast amounts of data, recognise patterns, and make intelligent decisions is transforming industries like healthcare and finance. Meanwhile, blockchain’s decentralised, secure, and transparent structure is revolutionising how we manage transactions, data, and digital ownership.

When these two technologies merge, they address some of AI’s biggest challenges:

• Centralisation: Blockchain enables the creation of decentralised AI networks, eliminating the need for central authorities like Google or OpenAI where models can be skewed in favour of the company’s views and enhance security and resilience.
• Data Integrity and Transparency: Think of AI as a powerful engine that needs high-quality fuel — data — to perform at its peak. The problem is that much of this data can be unreliable or controlled by central authorities, like an engine running on low-grade fuel. Blockchain steps in as the solution, providing a decentralised, secure, and tamper-proof data source, ensuring the engine runs smoothly and efficiently.
• Monopolistic: Decentralised networks democratise access to AI, allowing smaller players and individual developers to contribute and benefit from AI advancements.

Even more promising is the potential for AI to improve the blockchain it runs on. By optimising transaction speeds, enhancing security protocols, and making the overall system more efficient, AI can help blockchain evolve, creating a more powerful and seamless technological ecosystem.

Investing in the AI-Blockchain Merger: Enter Bittensor (TAO)

One of the most compelling ways to invest in the AI-blockchain merger is through Bittensor.

Bittensor is a decentralised, open-source network that creates a marketplace for artificial intelligence models, allowing AI developers to contribute their models and earn rewards through a cryptocurrency called TAO.

It operates entirely on blockchain technology, offering a decentralised network where AI models can collaborate, learn from one another, and improve without relying on centralised control. This innovative approach democratises access to AI and creates a robust ecosystem that embodies the integration of AI and blockchain, offering a unique opportunity for investors looking to gain exposure to this emerging sector.

Why Bittensor Could be a Big Opportunity

Bittensor is a standout in the AI and blockchain space because it merges the strengths of both technologies in a unique way.

• Diverse AI Ecosystem: Unlike many AI-focused projects that specialise in a single area, Bittensor (TAO) supports a diverse range of AI models, from text-to-speech to trading algorithms. This versatility allows developers to contribute AI models for a wide variety of applications, giving investors exposure to a dynamic and ever-growing AI ecosystem
• Decentralised AI: By decentralising AI, Bittensor (TAO) removes the barriers to entry, allowing anyone with the necessary computational resources to contribute to and benefit from the network. This open-access model fosters innovation, as AI developers no longer need to rely on central authorities or platforms.
• Proof of Intelligence (PoI): The network’s unique Proof of Intelligence (PoI) system, rewards miners based on the quality and value of their AI contributions rather than mere computational power. This ensures that the network prioritises meaningful and accurate AI outputs, enhancing overall performance and reliability.

Why TAO Could be a Strong Bet on AI-Blockchain

Brett Hope Robertson, Head of Investments at Altify, explains: “Bittensor is a privately held company and so the best way to benefit from its growth is by investing in its native token, TAO. This token provides a unique opportunity to tap into the AI and blockchain trend.

As an early-stage project, Bittensor’s TAO token presents strong growth potential for those who get in early. The project spans a wide range of AI applications, from finance to healthcare, reducing risk while creating multiple use cases to grow adoption.

With a fixed supply of 21 million tokens—like Bitcoin—TAO’s scarcity boosts its potential for value appreciation.
The network’s balanced economic model, with staking rewards and AI contribution incentives, ensures sustainability, making TAO a compelling option for investors focused on the convergence of AI and blockchain.”

How Has TAO Performed?

Not only has TAO (+975%) outperformed all AI-related cryptocurrencies over the past 12 months, but its multiple AI models can do nearly all of the tasks that its competitor AI tokens can do.

Where Can You Buy TAO in South Africa?

Altify (FSP No. 53289), a Cape Town-based regulated investment app backed by JSE-listed Sabvest, is the only platform in South Africa where you can purchase Bittensor (TAO). From the 24th to the 31st of October 2024, Altify is offering zero buy fees* on all of its listed assets.

This means you can invest in TAO, alongside Gold, Bitcoin, Ethereum, Solana, USDT, 13 ETF-style Crypto Bundles and 30 other cryptocurrencies, with zero purchase fees*.

*You can find Altify’s fee-free promotional terms here.

Altify’s mobile app is as easy to use as your banking app, allowing you to start investing with as little as R150. There’s no hidden signup or monthly fees, and you can sell an investment and make a withdrawal at any time 24/7.

Risk Disclaimer

This article is provided solely for informational purposes. The opinions expressed herein do not constitute investment advice or recommendations, nor should they be regarded as such. This document does not represent an offer to buy or sell, or a solicitation of an offer to buy or sell, any of the crypto assets mentioned.

Altify operates as a brokerage service facilitating the reception and transmission of crypto asset orders, without providing investment advice or personalised recommendations. While Altify advocates for the broader accessibility of cryptocurrencies, they may not be suitable for every investor. It is important to consider your investment goals, experience level, and seek independent financial advice where necessary. Altify strongly recommends conducting comprehensive research before investing in cryptocurrencies.

Investors are solely responsible for their investment decisions. Considering the high volatility associated with cryptocurrencies, please evaluate your financial circumstances carefully before engaging in transactions. Cryptocurrencies carry a high risk, with potential for both significant gains and losses. Investing in cryptocurrencies may lead to a total loss of capital.

Past performance is not indicative of future results, and returns cannot be guaranteed as cryptocurrency values fluctuate based on market supply and demand. Do not invest more than you can afford to lose and seek professional guidance if you are unsure about the suitability of a cryptocurrency investment for your specific situation.

Please refer to the General Risk Disclosures and Crypto Risk Disclosures on Altify’s website for more information. Investments should only be undertaken by individuals who fully understand these risks.

For additional details, please visit www.altify.app