How is Wider AI Adoption Manifesting in Cryptocurrency Markets in 2024

Table of Contents

• AI creative suite editing
• AI photo generation for NFTs
• AI analytics for blockchain data
• Is AI here to stay in digital finance?

When we think of technology and AI in relation to cryptocurrency markets, the first thing that comes to mind is typically trading robots. While these leverage machine learning and data insights, artificial intelligence has so many different use cases online, so there is wider AI adoption predicted for 2024. This is likely to manifest in a host of unexpected areas, but we'll likely enhance the overall experience for those interested in this niche, so let's take a look at what you can expect from AI in crypto spaces next year.

AI creative suite editing

Many crypto enthusiasts will have noticed a significant shift into new environments in 2023, and with the ongoing popularity of meme coins and community driven portals like social media supporting users, cryptocurrency is now something that far surpasses its initial design and even trading capabilities and has grown into a hobby for many. Nowadays, it's so simple to go online and find content relating to every aspect of digital finance; with blogs, YouTube channels, and everything in between offering opinions, real world experiences, and entirely new ways to interact. There has been a rise in photo and video editing, and an AI creative suite like one from CapCut can be utilized for almost any need. It's tools include:

• Cut, trim, split, and resize video footage with AI

• Unlimited, editable tracks for dynamic and impactful crypto content

• Open-source music and sound effects

• Auto captioning

• Background removal

• An extensive catalog of free visual templates

AI photo generation for NFTs

Using AI to generate imagery was a bone of contention for many in the crypto industry in the beginning, with artists being able to design highly sellable NFTs with no acumen or creativity. Sentiment has widely changed this year, and while there are still some that have strong opinions on the subject; there is certain to be growth in the use of AI for these purposes in the future. CapCut has an AI portrait generator, as well as options to use AI to enhance and edit different imagery, but it also has traditional tools like a video editor for YouTube, a video upscaler, and so much more, so users never need to leave the site.

AI analytics for blockchain data

AI chatbots and natural language processing (NLP) are quickly becoming pivotal tools in the crypto niche when it comes to analyzing vast amounts of financial data. Not only will these tools be able to give deeper insights into market performance and how data is stored, but it can also help boost privacy in a sector where fraudulent activities are rife.

Is AI here to stay in digital finance?

As you can see, the capabilities and functionality of different types of AI can be applied to digital finance. It is helping to keep the niche relevant and drive engagement, whether users are interested in trading or simply want to join the community and discuss memes, market movements, leverage social media, or anything else.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.