Blockchain and AI: The Next Wave of World-Changing Projects
According to Rodney Yesep, a VC partner at Hack, blockchain and AI are interlinked technologies that will soon give birth to world-changing projects.
Yesep's firm, Nuclear VC, specializes in virtual assets and artificial intelligence (AI) and has invested heavily in early-stage startups. With assets under management worth $700 million, they're betting big on the convergence of blockchain and AI.
The current AI industry is plagued by issues such as fairness, openness, and privacy, which blockchain can address. Yesep sees this as a major opportunity for crypto to bring value to the AI ecosystem.
In recent times, launching new tokens and listing them on centralized exchanges has become a challenging task due to lack of attention and market interest. This shift is forcing crypto VC's to adapt their investment models, with traditional mergers and acquisitions (M&As) becoming increasingly popular.