AI meets Blockchain: The Lovechild of the Internet’s Future!
Artificial intelligence (AI) is generating a lot of buzz as it gains more attention for its ability to generate text, images, and code. However, some investors and tech workers are worried that the hype around it might be another tech bubble in the making. While most agree that generative AI has the potential to change the way we live and work, many are wary of AI becoming another empty buzzword like Web3 and SPACs. Despite these concerns, many in the AI industry believe in the technology’s potential to have a real-world impact.
The Rise of AI Mid-Career Switchers
Many people are turning to AI as a solution to real-life problems they have been working on for a long time. Ashley Chang, for example, left her job at Carta to explore Web3 startups but later decided to launch an AI startup instead. Her startup, Altitude, makes an AI customer-support tool for e-commerce companies.
Sheesha Finance Incubator and Accelerator — Interested in AI Narrative
At Sheesha Finance, a MENA-based Incubator and Accelerator, projects with an AI narrative are of particular interest. We believe that AI has the potential to change the way we live and work and wants to support startups that are working on innovative solutions. If you have a project with an AI narrative, please apply for the Sheesha Finance incubator.
The Role of AI in Blockchain and Web 3.0
Blockchain is a digital ledger technology that allows for secure and transparent transactions without the need for intermediaries like banks. Web 3.0, on the other hand, is the next phase of the internet, where decentralized networks will enable peer-to-peer interactions without the need for centralized authorities. AI can help enhance the capabilities of blockchain and Web 3.0 by providing more efficient and accurate decision-making processes.
How AI Can Enhance Blockchain and Web 3.0
For example, AI-powered algorithms can help identify fraudulent transactions on the blockchain and prevent them from being added to the ledger. Additionally, AI can analyze user data and provide personalized recommendations on Web 3.0 platforms. By analyzing user data, AI can recommend relevant content and services that meet the user’s specific needs and preferences.
Concerns about the Role of AI in Blockchain and Web 3.0
However, some worry that AI could be used to automate decisions and actions that should be made by humans, potentially leading to unintended consequences. Others fear that AI could be used to manipulate the blockchain, undermining its security and integrity.
Why Sheesha Finance is Interested in AI and Blockchain Projects
Sheesha Finance is always on the lookout for innovative projects that can help shape the future of the blockchain and Web 3.0. The company finds projects with an AI narrative particularly interesting and encourages those working on such projects to apply for their incubator program.
Embracing the Future of the Internet with AI and Blockchain
Whether it’s improving the security and efficiency of blockchain networks or creating personalized user experiences on Web 3.0 platforms, AI is poised to play a crucial role in this new era of the internet. With the support of companies like Sheesha Finance, innovative startups can drive the adoption of AI and blockchain technology and shape the future of the internet.
Learn more about Sheesha Finance: https://linktr.ee/sheeshafinance
Apply for Incubation at Sheesha Finance: https://forms.monday.com/forms/f5b40134dd7196ee1e0b190bd2bafb7e?r=use1
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Writer: Nathan Cooper, Chief Program and Innovation Officer at Sheesha Finance
