Top Crypto exchange platforms Coinbase and Binance add support for a new artificial intelligence (AI) -oriented altcoin.
In a new announcement, Coinbase out It adds support for Infoai Altcoin Kaito (Kaito) on the basic network, the company’s own blockchain, with an experimental label.
Binance, the world’s largest crypto exchange per volume, also added Support for the digital assets too.
The “experimental” tag was made by Coinbase to indicate certain digital assets as risky, lower liquidity stick.
News that it was added to the stock markets had a reverse impact on Kaito’s price, because it acts inactitively at the time of writing for $ 0.952, a decrease of 20.8% in the last 24 hours.
Kaito wants to solve the issue of fragmentation within the crypto space by using AI. Fragmentation is when the cryptom markets are increasingly shared by block chains, leading to different sets of norms, a lack of interoperability and stagnation.
According to the official webpageKaito is an Information Finance (Infofi) protocol that aims to answer questions about long tail.
“Although everyone can have an opinion about the outcome of the American elections, people find it much more difficult to form opinions about most topics with a long tail.
For example, is Toyota today more popular than three months ago? What is the sentiment against Solana NFTs (non-fungal tokens) shifted last week? AI, on the other hand, excels in solving long -term problems. By making it difficult to quantify, it offers valuable reference points that make the formation of markets possible. “
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