During a relatively stable second quarter, Bitcoin and Ethereum have expanded their shares to over 70% of the total cryptocurrency market capitalization for the first time since April 2021

At the Ethereum Community Conference (EthCC) on July 19, Ken Timsit, Managing Director of Cronos Labs, delved into emerging use cases and limitations of blockchain-enabled AI.

Based on research from 200+ Cronos Accelerator applicants, Timsit aimed to cut through the hype and identify high-impact applications.

He organized crypto-AI innovation into three buckets: supercharging productivity, decentralized identity, and powering the AI economy.

10X Productivity and User Experience

“If you’re a blockchain builder…using AI to improve the productivity and user experience is where we see most of the value,” Timsit noted. Though crypto has not yet achieved the productivity of traditional finance, AI can help close the gap.