We have been covering some of the oldest AI projects that have been quietly building over the last several years and have come to the conclusion that Web3 AI poses some of the biggest opportunities in crypto. Projects like Bittensor, Fetch.AI, and Ocean Protocol are laying the foundational pillars needed in order for developers to come into the blockchain space and develop cutting-edge AI apps and tools. We wonder what the world will look like with a mature AI, with blockchain underpinning its existence and functionality, and what will result from an ethics and values perspective for AI entities. Will society regard them as equal members of civilization who deserve recognition in value determination? We then discuss the Bitcoin Ordinals network developing the BRC20 token standard. This is a tremendous opportunity because the overall market cap is less than 30 million dollars, and the smart contract ecosystem is worth more than 300 BILLION!

Every now and then we stumble across a decentralized technology that is so critical to humanity, its hard to even covey its importance. With the advent of AI (Artificial Intelligence), we’ve seen its massive potential and even potentially destructive outcomes it could lead us to. However, with every great technology, there is a double edged sword. We go deep on what we believe can help decentralize AI and distribute ownership and responsibility to everyone on the planet. Imagine taking the largest computation network known to humanity known as Bitcoin and direct that energy into an AI network where contributors and users of the network own the AI. Here you have Bittensor, a network of decentralized machine learning systems that developers can leverage to utilize an unbiased and verified dataset to train AI machine learning algorithms. Centralized AI counterparts can be corrupted and manipulated by their creators and provide biased outcomes from the AI. Decentralizing ownership and distributing the source of the data provides us without a technical solution to a corrupt AI. Listen to how we break all of this down on episode 152.

With Bitcoin on the rise again, the time to look for the next big crypto sector becomes much more important. Time will be running out soon to secure a position prior to a market rise for the crypto AI sector. What should we be looking for when evaluating crypto ai projects? First, the fundamental value that will result from web3 ai startups must be identified and how will that product be superior than what the traditional more centralized ai companies can produce. Personal.ai demonstrates their version 1 of their flagship product allowing users to build historical memory stacks overtime through communication on their platform. This information can then be utilized by anybody looking to communicate with you by being able to recall your entire history.

The metaverse continues to progress despite its bearish sentiment. Fortnite has released a tool called creative 2.0 which is allowing creators to spin up their own games leveraging the Fortnite engine and its resulting in a boom of AAA quality experiences without the need for AAA game studios. This is huge for the UGC wave and will onboard many more people into the virtual space to find new ways to create value. Improbable and M2 also has been demonstrating some amazing technology designed to support the metaverse. One enabling thousands of concurrent users to be in the same shared space and the other a coding standard for developers to build interactive content that is deployable across any virtual environment connected to it. Also, how Twitter leverages this new technology to improve the experience of Twitter be the town hall of human civilization

We discuss how the Federal Reserve is responsible in controlling the economic outcome for the U.S. The mechanics of Inflation and interest rate adjustments and how this affects the economy. Is the banking collapse of recent days a coordinated ploy by the United States Federal Reserve to slow down the economy in order to regulate inflationary pressures? Also, how is China’s positioning in the global economy impacting their decisions to launch their own CBDC and is the anti-China narrative proliferating in media intended to lead the U.S. into a future conflict with China? Also, how will technology and innovation fix the impending problems a financial system collapse, and A.I. and automation poses to the economy of the future. Will humanity escape to the metaverse to find its new purpose.