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As AI coins lead the 2024 bull market surge, crypto sentiment is bullish amid riled-up market excitement surrounding this week’s Nvidia AI conference, and in a major development, Qtum crypto has reached a critical roadmap milestone with the anticipated launch of an AI application layer that could see QTUM coin undertake big value accrual.
Qtum is a blockchain aiming to enable developers to deploy smart contracts, by leveraging the best features of Ethereum, such as accessible smart contract programming, and Bitcoin integrations.
With Qtum crypto now pivoting in a strategic move towards Artificial Intelligence (AI), the opportunity to deploy AI dApps alongside smart contracts that can interact with Bitcoin cannot be overlooked, and Patrick Dai – Qtum’s Founder – expects significant growth to stem from the application layer in comings months.
Qtum Crypto Launching Application Layer To Power AI dApps
As per its roadmap, Qtum will launch its application layer today, March 18. Community excitement is palpable, with this launch marking a pivotal moment In the Qtum roadmap – the first step in an ambitious journey toward releasing a wide array of open-source AI solutions.
The application layer will be the foundation for these solutions, enabling developers to build and deploy innovative AI tools with an initial focus on supporting an open-source conversational generative AI chatbot similar to ChatGPT.
Qtum plans to leverage AI-powered conversational chatbots to provides users with a convenient and easy-to-use AIGC creation tool. Users can select models, input prompts, and adjust related parameters on the front-end page of QTUM.AI to engage in AIGC creation
QTUM is the first smart contract platform based on the UTXO model. After users create satisfactory works using the AIGC tool provided by QTUM.AI, they can issue NFTs on the QTUM blockchain with just one click.
In the next phases of its roadmap, the ecosystem plans to release a model layer that will host a growing library of open-source AI models. From here, Qtum will establish a decentralized AI power network that connects GPU providers with AI developers seeking computational resources.
Nvidia, a manufacturer of graphics processing units (GPUs), is making headlines and gaining momentum as the market’s eyes rest on the Nvidia AI conference.
Some reports indicate that the company has received a value of over $2 trillion in 2024 so far, with market growth fuelled for demand for high-powered GPUs to supply the burgeoning infrastructure needs of generative AI.
Decentralized alternatives like Render (RNDR) have also witnessed dramatic market cap growth, alongside other AI coins.
By offering an open-source AI development platform and a decentralized network for accessing computing power, the blockchain could capitalize on the surging demand for AI solutions – unlocking major growth.
Beyond AI: QTUM Crypto Moves to Integrate USDC Stablecoin
Beyond AI, developers are also enhancing its capabilities in decentralized finance (DeFi), with the QTUM platform currently testing a bridge to facilitate the transfer of tokens between Ethereum and Qtum, focusing on the integration of Circle’s USDC.
USDC is the second largest stablecoin by market cap after USDT. Stablecoins like USDC are pegged to the value of the USD and as of March 18, USDC had a market cap of $30.9 billion.
DeFi protocols across the ecosystem will benefit from the higher liquidity levels, potentially unlocking various financial possibilities – especially with developers soon able to capitalize on opportunities for Bitcoin DeFi using generative AI chatbots. This could fuel even larger gains for QTUM coin.
Explore: The Intertwined Fate of Bitcoin and Nvidia: Is 2024 Chart Correlation Start of New Trend?
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
