The post Avorak AI beta testing set to begin late May, can Dogecoin keep up with the new utility? appeared first on Coinpedia Fintech News
AI crypto has been said to possibly overtake meme coins in popularity soon. Avorak AI is a new AI crypto project, and it has been gaining the attention of many in the crypto community. The project’s beta testing, set to start later this month, has had users questioning whether Dogecoin can keep up with the new utility.
What is Dogecoin?
Dogecoin (DOGE) is the first and largest meme coin by market cap. The meme coin was created in 2013 and has since received widespread recognition, building a loyal community and getting endorsements from reputable figures. However, Dogecoin’s price and potential as a viable investment option have been a point of concern. DOGE is highly volatile and lacks utility. Additionally, Dogecoin has been getting increased competition from AI cryptocurrencies and new meme coins like PEPE. There has also been speculation about Dogecoin’s future due to its most prominent supporter, Elon Musk, stepping down as Twitter CEO.
Is AI crypto the future?
AI crypto is the integration of Artificial Intelligence and blockchain technologies. The space has been trending in 2023, and analysts suggest that AI crypto projects have the potential for growth because they combine two technologies of the future. AI solutions, such as chatbots, are already being used to enhance blockchain projects, and with time, this integration will be inevitable. However, being a relatively new space, AI crypto investments can be volatile and unpredictable. Nonetheless, they provide a great avenue for betting on the future of Artificial Intelligence (AI) and cryptocurrency.
The Avorak AI beta testing
The Avorak AI beta testing, slated to begin in late May, marks a crucial phase in the development of Avorak AI as it strives to become the leading blockchain-powered AI platform. These tests, which will be conducted before, during, and after the ICO (initial coin offering) event, are essential for refining and improving the platform. To facilitate the testing process, Avorak AI will rely on the support and feedback of its community, calling upon ICO holders to participate in the exercises initially. This prioritization ensures that those who have invested in Avorak’s success are actively involved in shaping its development. Furthermore, Avorak recognizes the value of user data provided by participants vested in the platform’s achievements.
According to Avorak’s project map, in Q2 2023, the project should have completed the alpha stage of the Avorak Create development. Avorak Create is a unique AI image generator. Instead of relying on image scraping, which can infringe on the work of others, Avorak is exploring a language-to-image process. This approach, powered by prebuilt and to-be-learned descriptors, enables Avorak to generate images based on user instructions without copying existing artwork. Avorak AI aims to provide limitless output possibilities while upholding ethical standards in image generation through its unique language-to-art model. Beta testers will not only have the opportunity to explore and utilize Avorak Create but will also play a crucial role as teachers, guiding the machine learning algorithms by providing feedback and feeding the informational language structure and models. This collaborative approach ensures that Avorak Create evolves in line with user needs and preferences, resulting in a more intuitive and effective generative tool. Avorak AI will also involve its community in the development of other products, such as Avorak Write, its text-generating AI. This tool also has unique features, integrating several mechanisms such as a prewritten language bank and plagiarism-detection APIs to ensure unique and high-quality texts that fit the querying users’ exact needs.
With many users already invested in the project’s ICO, more are expected to follow suit to get priority access to Avorak’s beta tests. The ICO also offers other benefits, such as selling the AVRK token, which will be required to access Avorak’s suite of AI solutions at discounted prices. AVRK is currently selling at $0.235 in phase 6, with investors at this level getting a 5% on-top bonus. Analysts suggest that Avorak’s unique offerings, coupled with the hype surrounding AI crypto, could see its value rise greatly.
The bottom line
The Avorak beta testing will serve as a significant milestone in determining the potential synergy between Avorak AI’s utility and the broader cryptocurrency ecosystem, providing insights into the future prospects of Dogecoin and other meme coins in this evolving landscape.
For more information on Avorak AI:
Buy AVRK: https://invest.avorak.ai/register
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