Topic: Too many AI projects (?) (Read 590 times)
You are right too many AI projects in the market but that does not matter, just it always used to be, most projects in the crypto though they are related to good area AI will fail.
I don't see anything bad that there is a lot of projects which try to combine AI with blockchain a lot of them do it in a different field. Even if they do a project with the same purpose, its good for industry indeed good project will survive, some will be forgotten.
Too many AI projects are coming in the market but not give a surprise a bit because it is always a practice that when someday could make a recognition in any form, the rest are trying to follow and imitate the whole thing to make even better from the original and that makes alluring of the scammers, it ruins the integrity of the good ICO, though AI is a new innovation in the field of technology it is over hype that makes some projects to fail. The recipient of the failure is the investor which gives them hesitation to invest.
I also think that AI projects are too many. But it is normal to have many of them because of new and modern niche and every business is now trying to implement AI in one way or another.
AI, Finance, and VR / AR are the winning niches for the next few years.
And this is just a sad fact of the crypto space. Too many imitators out there are trying to blush the system and not add value. And this problem is not just with AI blockchain projects alone. Look at Masternodes for example, there are more than 174 Coins Masternodes competing with each other with each saying their idea sounds great.
AI, Finance, and VR / AR are the winning niches for the next few years.
And this is just a sad fact of the crypto space. Too many imitators out there are trying to blush the system and not add value. And this problem is not just with AI blockchain projects alone. Look at Masternodes for example, there are more than 174 Coins Masternodes competing with each other with each saying their idea sounds great.
AI alone doesn't say anything about the project, it doesn't indicate its main goal or mission, as it's just a tool, exactly like blockchain, that can be implemented in thousands really different projects, from webcam and messengers to financial and space projects. So I don't get what you are worried about.
OP, I could easily change "AI' to "blockchain" in your message, but I doubt that so many people would agree with me then.
True. Al doesn't mean anything. Many projests mentioned AI concept, but actually team doesn't have capability to execute. They mentioned AI just to attract investors OP, I could easily change "AI' to "blockchain" in your message, but I doubt that so many people would agree with me then.
I think the fact that we are living in an age of computers tend to give us so many people who excel in computer engineering, computer sciences, robotics and other disciplines that help shape artificial intelligence and things related to it. So many graduates of these fields, so many monied individuals that are into crypto, equals too many AI related ICO's.
AI is indeed advance and really a hot topic nowadays but I think with the blockchain funding system which is the ICO, those projects might exhaust their budgets or might not succeed? My call here is having an AI project is timely, advance, more convenient for users, blockchain friendly? but the thing is, would it survive in the market? Just having second thoughts about it no matter how advance it is.
AI alone doesn't say anything about the project, it doesn't indicate its main goal or mission, as it's just a tool, exactly like blockchain, that can be implemented in thousands really different projects, from webcam and messengers to financial and space projects. So I don't get what you are worried about.
OP, I could easily change "AI' to "blockchain" in your message, but I doubt that so many people would agree with me then.
OP, I could easily change "AI' to "blockchain" in your message, but I doubt that so many people would agree with me then.
Yes I should agree with you,there are too many Artificial Intelligence project will seen because of a modern technology that they can easily convince to the investors.But not all are succeed and some are failed.I'm hopping that if we invest,we choose the good project.
Does anyone know about the project of the KOIOS. This project had good ratings on different sites, many people invested in it, but in the end it was a scam. This is a sad experience
I agree that Menlo One is a promising project based on its whitepaper, but what are the chances of it actually pulling it off? Does anyone know if we can really trust the team behind it?
Yeah there are plenty of them right now and only few of them succeeds. I think it is because of people being hesitant about the future success of each product. Also some of them ends up as a Scam. BTW, have anyone looked into menlo.one?
I think Menlo One will be one of the best token sales this year. What makes it unique is it's user-friendly UI, decentralized system which cannot be corrupted, and it is pro-innovation focusing on helping other projects that deserve to be funded. Future ICOs are lucky that Menlo One has finally launched since they won't need to spend as much on advertising. Their whitepaper: https://www.menlo.one
Also too many copy cat VR,Streaming projects.
Yeah there are plenty of them right now and only few of them succeeds. I think it is because of people being hesitant about the future success of each product. Also some of them ends up as a Scam. BTW, have anyone looked into menlo.one?
Personally, I think Artificial Intelligence just hype as the privacy coins were last year. Nowadays every 2nd project is AI based.
Yes I should agree with you,there are too many Artificial Intelligence project will seen because of a modern technology that they can easily convince to the investors.But not all are succeed and some are failed.I'm hopping that if we invest,we choose the good project.
Hi, i just want to here some opinions from you guys, regarding the fact that theres a LOT of AI + blockchain projects in the crypto space.
Really interested in hearing your thoughts on this. Thanks.
The fact is that the competition is not in that sector alone, apart from the AI blockchain projects if you look at the market there are projects with the same aim mainly in advertising, gaming and finance you could see many projects popping up, but the team with the best project will thrive in the end, there is no guarantee than most of the projects will succeed in carrying out their plans, some will fade out eventually, i am not too keen on the projects you mentioned as i am mostly glued on to finance sector projects but i have invested a bit in Synapse and Singularity . Really interested in hearing your thoughts on this. Thanks.
That is just the sad reality of the crypto space. Too many copycats out there trying to milk the system and adding no value. And this problem is not just with Artificial Intelligence based blockchain projects it. Take a look at Masternodes for example, there are over 174 of Masternodes coins competing against each other with each one saying their idea sounds great.
I Think that is just the good news for us. more competition will make more creativity and innovation. And then give more Quality Project in the future. And about copycat, it's no problem, i think if they add more value. It's only my opinion from Newbie Crypto Investor.
As one adage says: "The more the merrier..." but there is also one saying: "Three's a crowd." Anyway, we will let the market decide which AI-focused projects will be winners and losers. That is why as investors or token buyers we have to be careful which we are supporting as most of these project are experimental at best there is no guarantee that a project will be successful and can be adopted by the market. But generally speaking, this is a good development for AI and I am sure that soon industries and even us people can be benefited with this development. Again, as investors we have to be extra careful and must do our due diligence first before jumping into the hot water or the lake of fire (just kidding!).
competition is good for any kind of development, its to prevent the team of slacking off when they know someone out there could have the possibility of overtaking them in developments.
Yes, competition is good because it makes the team more focused and would try to improve their project to have an edge over others. We will know who will get the attention of the users and would make their other competitors exert more effort in developing their projects. Some of these AI projects would not come into fruition if they would be slacking off.
OF course its the originality of the project whos gonna win the competition,accept it or not more of that mentioned and even those not are only copy cat from the original so whom do you expect to survive?unless the dev and team beind dont work for progress and just leave the coin alone to survive then the courses will changed in future
If there are so many of them then the one who really knows the project would succeed because they would always have something to compete with others while those who just copy others would not be able to move forward if they cannot think of something to innovate their project. Seeing these many ICOs nowadays, it's a tough competition who would be able to capture more users.
competition is good for any kind of development, its to prevent the team of slacking off when they know someone out there could have the possibility of overtaking them in developments.
OF course its the originality of the project whos gonna win the competition,accept it or not more of that mentioned and even those not are only copy cat from the original so whom do you expect to survive?unless the dev and team beind dont work for progress and just leave the coin alone to survive then the courses will changed in future
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