Decentralized Finance (DeFi): How AI is Shaping the Future of Finance | by Jojo Wittaya Pornpatcharapong | Dec, 2023
DeFi has seen exponential growth in recent years, and AI’s arrival has played a crucial role in enhancing its capabilities. AI helps in scrutinizing smart contracts to identify security or technical issues, aiding developers in creating safer and more reliable smart contracts.
Moreover, combining AI with decentralized applications (dApps) facilitates automated trading on DeFi platforms. AI’s machine learning models analyze vast data for developing advanced trading strategies, saving time and increasing trading efficiency.
Integrating AI with predictive analysis techniques leads to more accurate outcomes in DeFi systems. AI algorithms analyze past data and market trends to identify risk patterns, offering deep insights for decision-making, risk management, and investment strategy adjustments.
In the world of NFTs, AI is revolutionizing digital art and collectibles. Many NFTs use AI to create generative art, producing unique artworks in unlimited quantities. This fusion of AI and NFT technology has given rise to iNFTs (intelligent NFTs), which interact with users and enhance the collector’s experience.
