As the world becomes more digitalized, blockchain and Web 3.0 are transforming the way we conduct transactions and interact with each other online. At the same time, artificial intelligence (AI) is becoming increasingly sophisticated, potentially automating tasks and analyzing data at a scale never before seen. The intersection of these technologies presents a unique opportunity to create a more secure, efficient, and decentralized future. In this article, we'll explore the impact of AI on blockchain and Web 3.0, from AI-driven blockchain technology to web 3.0 applications and security protocols. Look at a few startups that could change the cryptocurrency landscape forever.
The Potential Benefits of AI for Blockchain and Web 3.0
Artificial intelligence (AI) has the potential to be a game-changer for blockchain and Web 3.0. AI can be used to:
- Reduce transaction costs by automating processes that are currently manual, thus reducing the need for human intervention. For example, an AI could be programmed to monitor the status of smart contracts and automatically trigger payments when certain conditions are met. This would reduce the cost of executing transactions since it wouldn't require any human intervention or oversight--but it would also mean that you're relying on machines instead of people who might make mistakes or have bad intentions!
- Increase scalability by enabling blockchains to process more data at once without slowing down due to network congestion (which happens when too many people want their transactions confirmed at once). An example here is sharding: dividing up large databases into smaller pieces so they can run on different servers without affecting each other's performance
Revolutionizing Blockchain Investigations and Analytics: An Overview of Blocktrace.com
Blocktrace.com is a startup that offers blockchain forensic and analytical services. Their services include data analytics, investigations, training, AML compliance strategy, staffing, and custom solutions. They use custom-built tools to monitor cryptocurrency networks in real-time and provide a high-level, detailed analysis of all blockchain transactions. Their highly-trained, investigative analysts work closely with organizations to provide an expert level of understanding and guidance. They also offer hands-on training to get teams quickly up to speed on the inner workings of blockchain technology and crypto-transactions. Additionally, they provide guidance for successful identification of questionable cryptocurrency transactions to reduce exposure to money laundering risk.
ChatGPT + Bitcoin, please meet Robby the Robot. 🤖
— BLOCKTRACE (@blocktrace) March 28, 2023
As a language model equipped with advanced natural language processing technology, Robby can effectively interpret complex user questions and provide insightful answers. pic.twitter.com/W2OHChBoIc
BlockTrace recently launched Fusion, a collaborative API solution that powers full-spectrum blockchain visibility and coverage, which enables users to have a comprehensive overview of blockchain transactions, including those that take place on the dark web. By providing these services and tools, BlockTrace is changing the game when it comes to crypto-currencies by helping to address the concerns of law enforcement agencies and regulators regarding the potential for illicit activities on blockchain networks.
Arkham Intelligence: A Platform for Total Crypto Intelligence
Arkham Intelligence is a platform that provides powerful tools for linking cryptocurrency activity to real-world individuals and institutions. It offers a complete view of pseudonymous actors' behavior and allows users to unmask them. The platform also provides intelligence on the addresses, entities, or assets that are most important to users, with a searchable database of crypto users and their transactions. Additionally, users can customize alerts for on and off-chain activity and set targeted alerts, viewing their history against pricing and other important signals. Arkham Intelligence also allows users to see the movement of value across networks and geographies, translating raw blockchain transactions into clear network maps.
Arkham can also be used to analyze a specific wallet's past token holdings and compare them to the present.
— Arkham (@ArkhamIntel) March 27, 2023
Check back over a wallet's lifetime to see prior portfolio compositions with our newly released feature Arkham Archive, and compare token performance in a single click. pic.twitter.com/nzZXxJ9Fny
Arkham Intelligence was founded in 2022 and is headquartered in the United States. The platform is available in English, Korean, Japanese, Simplified Chinese, Traditional Chinese, and Russian. To stay up-to-date on the latest news and developments from Arkham Intelligence, users can follow the platform on Twitter, Telegram, and Discord.
Nansen.ai: A Blockchain Data Platform for Informed Crypto Decisions
Nansen.ai is a blockchain data platform that provides investors and crypto teams with the tools they need to make critical decisions. The platform offers a suite of services that include data-driven research insights, programmatic access to on-chain data, and custom dashboards to measure success and enable data-driven decision-making. Nansen.ai is a powerful blockchain data platform that can help investors maximize returns and manage risk.
One of the key features of Nansen.ai is its ability to track all holdings across 45+ chains in one interface. This allows investors to easily manage their portfolio and make informed decisions based on real-time data. The platform also offers professional data-driven research insights, which can help investors identify trends and opportunities in the market.
Another feature of Nansen.ai is its powerful suite of services for data analytics in Web3. This includes the ability to access on-chain data programmatically, as well as the ability to set up smart alerts to notify users of specific on-chain activities. Nansen.ai also offers professionally researched insights via its research portal, which can help investors make informed decisions based on the latest market trends.
5/ We've also made it very simple to import your address database.
— Nansen 🧭 (@nansen_ai) March 28, 2023
With our new import database feature, you can upload a CSV file containing your wallet addresses and labels.
This feature is a game-changer for anyone who has their own address database 🤝 pic.twitter.com/PC9BG55lwE
Nansen.ai is an essential tool for any investor or crypto team looking to maximize returns and manage risk. With its powerful suite of services and data-driven insights, Nansen.ai is a must-have for anyone looking to succeed in the world of blockchain and cryptocurrency.
Addressable.io: Revolutionizing Web3 Marketing with Blockchain and Social Media Integration
Addressable is a startup that has recently secured $7.5 million in seed funding to revolutionize Web3 marketing. The company aims to bridge the gap between blockchain and social media, empowering marketing teams to target audiences where they hang out, based on their Web3 activity. Addressable's end-to-end solution for Web3 marketing involves building a Web3 audience, launching a Web2 campaign, and tracking growth.
One of the key features of Addressable is its ability to define segments of users and look-alikes that describe the ideal audience based on social and blockchain data. This allows marketing teams to target selected segments across multiple social media platforms to reach users where they hang out. By monitoring performance through engagement and conversions as reflected on the blockchain, Addressable provides insights into the effectiveness of marketing campaigns.
Addressable's approach to Web3 marketing is unique in that it recognizes the limitations of solely targeting users on social media, which overlooks the data of the blockchain where all purchases take place. By targeting users across blockchains and social media, Addressable provides a more comprehensive approach to Web3 marketing, which is increasingly important as more users buy goods on the blockchain.
Big news! Proud to announce @addressableid 's
— Asaf Nadler | anadler.eth (@AsafNadler) January 31, 2023
successful $7.5 million seed funding round led by @ViolaGroup and @fabric_vc with support from Mensch Capital and @NorthIslandVC . Fueling our mission to empower #Web3 marketers to grow at scale. https://t.co/JNtiLgGa7U 🧵
Addressable is a promising startup that is reimagining Web3 marketing by bridging the gap between blockchain and social media. Its end-to-end solution for Web3 marketing and ability to define segments of users based on social and blockchain data make it a valuable tool for marketing teams. As the Web3 space continues to grow, Addressable is poised to play a key role in helping companies effectively market their products and services.
Final thoughts
In conclusion, the emergence of blockchain analytics companies selling their services to the public is a fascinating development that will have a significant impact on the crypto industry. While the first cohort of these companies, such as Chainalysis, have primarily sold their services to banks, exchanges, and governments, the new crop of companies will make their services available to the public. This will drive demand for privacy in crypto, as people become aware that their crypto activity and wealth may be tracked and linked to their real-world identity and other activities.
This shift towards public access to blockchain analytics will change the narrative around privacy in crypto, as the assumption that only exchanges, banks, and governments can see people's information when it is posted to transparent blockchains is proven to be flawed. As the public gains access to these tools, it will become increasingly important to prioritize privacy in the crypto world. The integration of artificial intelligence in blockchain analytics will also play a significant role in shaping the future of the industry, with the potential to identify patterns and trends that were previously undetectable.
Overall, the emergence of blockchain analytics companies selling their services to the public and the integration of AI in blockchain analytics will change the state of crypto and the blockchain forever. It is imperative that the industry adapts to these developments by prioritizing privacy and exploring new ways to leverage AI to improve performance and security.
