As 2024 approaches, the integration of Artificial Intelligence (AI) and Web3 is becoming a central theme in the cryptocurrency world. Ethan Sun, CEO of MyShell — an ecosystem for AI-native apps — explores this convergence in Episode 40 of Hashing It Out. Sun highlights how AI and Web3 can coexist and mutually benefit each other, particularly in transforming the creator economy. He notes the rapid growth of user-generated content in AI, fuelled by tools that enhance productivity for content creators. This surge necessitates new reward mechanisms, which Sun believes will be powered by Web3 technology.
Both AI and Web3 face regulatory challenges globally. AI platforms grapple with privacy concerns and lack of clear regulations, sometimes leading to restricted access in some regions. Sun suggests that decentralization could address these issues, making AI accessible regardless of jurisdiction. Conversely, while acknowledging the need for regulations in Web3 to curb bad actors, Sun emphasizes the importance of maintaining accessibility to crypto.
Sun underlines the crucial role of the connection between creators, AI, and Web3. He predicts a boom in creators developing AI agents, which is becoming increasingly easier without needing advanced technical skills. This boom, largely built on Web3, will see AI spreading across various apps, especially on mobile platforms. Such integration underscores a significant trend for 2024, where AI and Web3 empower creators with new, permissionless ways to transact and collaborate.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
