The crypto industry is turning the page on a wave of high profile scams and scandals, but that doesn’t mean the grifters are gone. In recent months, crypto hustlers have sought to hitch the industry to the shinier new thing called artificial intelligence in hopes of parting the unsuspecting from their money. I’m here as your cynical guide to deciphering the specious business models that claim to unite these two basically unrelated fields.
It's early days but it's a safe bet this new breed of hustle will produce a dumb genre of crypto-tokens looking to capitalize on AI enthusiasm. As we’ve learned from past hype cycles, when all you have is a crypto thesis, everything looks like it needs a decentralized database slapped on it. From what we've seen so far, the lazy “AI plus crypto” efforts is poised to come in three different flavors.
