Author: Frank, PANews

A bull market is as certain as iron, and public chains are as abundant as water. Each bull market has a group of public chains leading the way, while another group of public chains completely fades away at the end of the bull market. As the most important infrastructure in the crypto world, the market value and market share of public chains are undoubtedly the highest. They carry the expectations of a large number of investors and projects. For public chains lacking sticky users, it seems that only by constantly updating their narratives and maintaining their brand exposure can they strive to retain their position on the main stage of the new bull market.

AI is currently the most attention-grabbing and easily sensationalized hot topic. PANews observed that some star public chains from the previous two bull markets did not shine in this round, while AI has become a new narrative for the old public chains. In this article, PANews takes stock of the combination of 7 old public chains and AI narratives. However, overall, even when combined with AI, the old public chains seem to show less vitality and determination, wavering on the boundary between riding the trend and taking real action.

Qtum: Acquires 10,000 GPUs to Support AI

On April 18th, the Qtum Foundation announced the acquisition and deployment of 10,000 Nvidia GPUs to support artificial intelligence projects.

In addition to launching the GPU support program, Qtum also introduced two AI products, Qtum Solstice and Qtum Qurator.

Qtum Solstice: A conversational chatbot similar to ChatGPT, based on an open-source model. This alpha deployment will enable users to engage in useful and intelligent conversations.

Qtum Qurator: A text-to-image generation model similar to Midjourney, also based on an open-source model. This utility will allow users to generate images that typically require tedious work in image processing software applications.

Miguel Palencia, co-founder of Qtum, stated, "We have ambitious goals for artificial intelligence, which require a three-phase rollout plan. Today, we are unveiling the first phase, which includes a chatbot and an image generator. The next two phases will include a modeling layer and, finally, a decentralized economic layer that will integrate all content on the Qtum blockchain."

The Qtum Foundation plans to provide up to 10 more AI-related products in the coming months to further leverage these 10,000 GPUs. This abundant computing power will help the Quantum Chain Foundation find partners for cooperation and joint development.

NEAR: Embracing AI with the Return of AI Master

NEAR co-founder Illia Polosukhin's achievements in AI may surpass those in blockchain. In 2014, he joined Google Research, dedicated to developing models and tools that ultimately integrate artificial intelligence. He is also a major contributor to the Google TensorFlow AI open-source project, and the eight researchers of this project jointly authored the paper "Attention Is All You Need," which introduced a new model architecture called Transformer, the technology behind popular artificial intelligence products such as ChatGPT. It can be said that NEAR's association with AI is the strongest, and even at its inception, NEAR.AI was a company entirely focused on artificial intelligence.

However, in the first few years of NEAR's establishment, its main goal was to build a convenient, user-friendly, and environmentally friendly blockchain. It wasn't until the end of 2023 that NEAR announced the launch of NEAR Tasks, an intelligent contract for automatic payment using NEAR tokens, which can help AI projects distribute rewards more effectively through this platform. However, this project seems to optimize the development of artificial intelligence using blockchain advantages, rather than improving blockchain through artificial intelligence.

At NEARCON 2023, Illia Polosukhin named AI as one of the core vertical areas of the NEAR ecosystem. Prior to the 2024 NVIDIA GTC, the anticipation of Illia Polosukhin's attendance as a speaker almost doubled the price of NERA.

Currently, NEAR Tasks has not been officially launched, and there are no official AI application categories in the NEAR ecosystem.

Algorand: Some Consideration but Limited Involvement in AI

In July 2021, Algorand announced a partnership with Fortior to create AI-driven governance mechanisms and financial assets on the Algorand blockchain. Since then, there have been very few AI-related updates from Algorand.

A community member once asked Algorand on a forum this year if there were plans to apply ALGO to artificial intelligence. The ALGO official response stated that they have been considering this issue. Decentralization is almost necessary for artificial intelligence models, with open-source models having decentralized data networks (allowing users or companies to sell/share data using specific models), processing networks (lending surplus computing power, such as mining, to allow more outputs), and immutable records of images (NFTs). Algorand has been working on organizing its thoughts, but it is surprising that more cryptocurrency projects have not turned to this concept, or at least have not discussed how decentralized networks and artificial intelligence can coexist.

DFINITY: Optimizing ICP to Run Large AI Models

Dominic Williams, founder and chief scientist of the DFINITY Foundation, stated in a blog post in March 2024 that artificial intelligence, smart contracts, and blockchain are "perfect partners." He believes that centralized large models have the potential for malfeasance, so artificial intelligence must be tamper-proof.

Dominic Williams stated that ICP will upgrade the memory capacity of smart contracts to 32GB and support 64-bit. This will enable the running of some large language models.

Polygon: Introduces AI Tools Based on GPT-4

Polygon seems to have sufficient sensitivity in the AI race. As early as June 2023, Polygon launched Polygon Copilot. However, according to PANews testing, this product seems unable to achieve the expected results and did not respond to multiple inquiries.

In addition to Polygon Copilot, Polygon's AI product Brain is a similar tool, with better functionality than Polygon Copilot. It not only provides question-answering capabilities but also offers features such as deploying contracts through artificial intelligence and sending transactions.

Furthermore, on April 19th, the recently popular AI project ORA announced a partnership with Polygon at Token2049 in Dubai to introduce its artificial intelligence oracle OAO on the Polygon chain.

Polkadot: Launches PolkaBot AI Chatbot

In 2024, PolkaBot launched an artificial intelligence education platform, PolkaBot AI, which is a language model similar to ChatGPT and currently provides some content retrieval related to PolkaBot.

As of now, although Polkadot has not yet launched an official AI plan, it seems to place great importance on the development of AI projects within its ecosystem. On April 16th, the official Polkadot blog published an article listing several AI projects within the ecosystem, including the popular AI project Bittensor.

At the same time, Polkadot stated, "Polkadot's powerful infrastructure has unique advantages to support the AI revolution, providing the scalability, interoperability, and security required for the massive computational needs of artificial intelligence." It appears that Polkadot's goal is to provide infrastructure for projects combining Web3 and AI.

Cardano: Defending Cardano with AI Models and Blockchain Comparisons

Although Cardano has not officially announced any AI plans, it is interesting to note that in response to community criticism of Cardano's inaction, its founder made a comparison between AI models and cryptocurrencies in April this year. He argued that short-term narratives are not always effective, stating, "The problem in our industry is that short-term narratives and hype dominate the conversation, and artificial intelligence has the same problem. A few months ago, Open AI ruled everything, but now faces increasing competition from other language models, first Claude 3, and now we have Grok 1.5, soon followed by Llama 3."

Summary

From the perspective of these projects, it seems that each old public chain wants to increase its visibility by leveraging the social hot topic of AI. However, as of now, they have not deeply explored or made significant efforts in this field. Among them, except for Qtum, NEAR, and Polygon, which have invested more in AI products, the other public chains seem to be in the stage of riding the trend. However, at the same time, the Web3+AI field is not actually quiet. According to Coingecko, the total market value of AI projects has reached $23.2 billion, with most projects using Ethereum and Solana as their preferred technologies. As old public chains, if they want to revitalize themselves through AI, they may need to present more convincing development strategies and products.

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