Coinbase Ventures, one of the major investors in the cryptocurrency space, is publishing an official thesis on its focus on cryptocurrency and artificial intelligence (AI) projects. The venture capital firm believes that crypto and blockchain-based systems complement generative AI and will intertwine to become the scaffolding for digital lives. The increasing interest from web3 venture capital firms in AI+crypto projects is indicative of the direction the space is headed. Other VC firms, including a16z, CoinFund, Paradigm, Delphi, and Topology, are also investing in this area. The Crypto+AI space can be categorized into three buckets: AI agents spending crypto, decentralized AI systems, and on-chain AI. These categories cover projects such as Skyfire and Payman for AI agents spending crypto, Vana for decentralized data, and AI-infused smart contracts for on-chain AI. The aim is to create a world where AI and blockchain technologies act as a check against centralized AI systems controlled by a few tech monopolies.



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