Cryptocurrency has the potential to accelerate artificial intelligence (AI) adoption in India, as per Polygon’s co-founder Sandeep Nailwal. During a panel discussion at the LONGITUDE by Cointelegraph event, Nailwal highlighted the use of crypto incentives to onboard users and ecosystem players. He emphasized that projects with effective onchain incentive structures could enhance AI development by attracting developers. The event brought together leaders and innovators from the blockchain and Web3 space, including Illia Polosukhin, co-founder of the Near Protocol, who discussed the long-term synergy between crypto and AI. Polosukhin predicted that crypto-native AI agents could replace traditional web application front-ends as primary user interfaces for Web3. However, Nailwal warned about the rise of AI-related tokens scams onchain, noting the prevalence of fraudulent projects. J.D. Seraphine, co-founder of Web3 developer Raiinmaker, also highlighted the increasing role of AI agents in decentralized communities. A report by VanEck suggested that over 1 million AI agents could enter the market in 2025, many of which would be linked to decentralized finance applications. These AI agents are reshaping the digital economy by launching tokens, building decentralized applications, and autonomously interacting with humans. Nailwal stressed the importance of crypto-native, peer-to-peer AI solutions to enable privacy-preserving innovation, countering the centralizing force of AI. The potential synergy between cryptocurrency and AI presents exciting opportunities for technological advancement in India’s digital landscape.
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