AI Token Cumbria (KAT) has made headlines this year as it joins the ranks of artificial intelligence-related cryptocurrencies. After bringing his 700%+ return to holders, many analysts believe KAT is one of the novice tokens that experts should consider adding to their portfolios. .
new assets in Cumbriaan open platform for artificial intelligence, robotics, blockchain, and the Internet of Things (IoT), virtual reality (VR), and artificial reality (AR) were up 769% year-to-date (YTD) as of 19:00 UTC on April 16, according to TradingView data.
KAT traded at the trading price on January 1 $0.000743reached a quarterly high of $0.01528 on February 7 (with an annual high of $5.8 million in single-day trading) and ended the first quarter down $0.004168 on March 31, writing It was trading at $0.00646 at the time.
Cambria’s rise to an expanding ecosystem
The rise of tokens is attributed to the expansion of the project ecosystem. The AI sector has become very competitive in recent months. This is probably why the development team behind Cumbria partnered with mainstream crypto projects like Polygon and Crypto.com, as well as academic institutions like Carnegie’s Mellon University and Stanford University.
Some analysts say investors are turning their attention and money to KAT with products such as decentralized autonomous organization, deep tech education, starter program and Non-Fungible Token (NFT) intellectual property (IP) program. I think.
decentralized autonomous organization (DAO) is the opposite of a centralized organization where there is no central authority with a bottom-up entity structure. Kambria DAO allows developers to own their proposed technology. They then play an invaluable role in commercializing the solution and are rewarded accordingly.
Deep tech education is where the aforementioned academic institutions come into play. Cumbria has a series of courses that provide interested students with insight into cutting-edge training in emerging fields such as AR, VR, robotics, and AI.
The NFT industry is taking hold, and the rise of AI image generators could take the industry to another level. Cumbria’s NFT IP program enables all innovators to license, monetize and protect their intellectual property.
Cambria’s potential for broad reach across all facets of the emerging Web3 industry explains the 3x profit its new token has generated in the last 120 days.
KAT rose 1,956.53% in February on the back of AI token mania, and rose 461% in the first quarter of 2023.
How far can the AI market grow?
The success of AI products such as ChatGPT has created several chatbots that rival OpenAI’s technology. AMLBot co-founder Slava Demchuk shared his view with MetaNews on the potential of his AI market in the future.
“Markets are always cyclical and often focus on one major industry before moving on to the next,” he said. “AI is currently receiving a lot of attention, especially with the release of ChatGPT and the subsequent introduction of advanced GPT-4 models. even suggests.
“Whether or not this growing interest continues will depend on developments within the AI sector. Factors such as how applications respond to these changes will influence the future of AI.”
Demchuk also suggested that AI integration will be standardized for already established applications. “The successful integration of new AI capabilities into applications, as demonstrated by Microsoft and Duolingo, will play an important role,” he predicted.
“In the next few years, AI has the potential to transform the world as we know it. “