KITE vs Competitors: What's the Difference? 🥊💡
Hello, friends!
We continue to tell you about the KITE project. Today we will talk about competitors and explain why @GoKiteAI holds a special place in the market for the combination of AI and cryptocurrency.
Who are we competing with?
Our main competitors are well-known projects like Fetch.ai and SingularityNET.
What’s the difference?
Imagine that the entire world of AI and blockchain is a large country with roads and shops.
Competitors (Fetch.ai and SingularityNET) build "shops" and "services" (applications) on already existing roads (e.g. Ethereum).
Fetch.ai creates a "bazaar" where programs can trade services.
SingularityNET is an "AI algorithm supermarket."
KITE builds the very "road" (Layer-1 blockchain). Moreover, it’s not just a road, but a highway specifically optimized for the flow of "money" between AI programs.
Why does KITE have the advantage?
The KITE blockchain operates faster and cheaper than applications on other, congested roads.
KITE has an embedded protocol x402 that allows AI agents to instantly "pay for passage" (access to data) without delays.
Investors like PayPal and Coinbase confirm that our "road" is needed in the world.
