For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens.
“Those are just fundamental buzzwords,” explains Near blockchain founder Illia Polosukhin, who worked on the groundbreaking “Attention Is All You Need” research that led to large language models like ChatGPT and Claude.
As one of the few people in the world who are as well versed in AI as they are in crypto, Polosukhin says that if you ignore the hype, the technologies really are a good fit.
“There’s a lot of specific things both in AI and Web3 that can use each other or benefit each other,” he says.
Magazine spoke with Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to examine some of the key hype-free, genuine use cases for AI in crypto and blockchain.
Over the next week, we’re rolling out one genuine use case for AI in crypto each day — including reasons why you shouldn’t necessarily believe the hype.
AI Doge is the perfect blend of AI and doge-iness.
The best money for AI is crypto
Everyone from Circle boss Jeremy Allaire to former BitMEX CEO Arthur Hayes to Animoca Brand’s Yat Siu is convinced that crypto will be the currency of choice for AI agents.
After all, LLMs are unable to get access to bank accounts but can easily make payments using a funded crypto wallet, and they’re well suited to interacting with the logic of smart contracts and DeFi protocols.
The humans delegating the funds in the wallet can set the overarching strategies and rules, and then observe how the AI agent has performed using the transparent record on the blockchain.
Allaire says that AI “and blockchains are made for each other,” with the tech suited to “machine-generated and enforced contracts” and “machine-to-machine value exchange.”
Completely agree. AI and Blockchains are made for each other. Provenance of data, machine generated and enforced contracts, and machine to machine value exchange. We are already hearing about AI Bots spinning up on-chain wallets and using USDC. https://t.co/BwmdGdVufJ
Hayes believes that Bitcoin is the most logical payment system for AI as it is “available at all times, digital and completely automated” and enables the AI to pay for “data and compute power—in order to ‘stay alive.’”
That said, Hayes also seems to think AIs will live for trillions of years “until the heat death of the universe,” and the LLMs will, therefore, choose Bitcoin as it can be mined by robots. So sometimes Hayes’ ideas tend to get away from him.
Animoca Brands Executive Chairman and founder Yat Siu is another high-profile industry figure who believes that crypto is the only logical way for AIs to transact “with each other as autonomous beings in future.”
“In the future, 70-80% of transactions will happen through autonomous AI agents and the decentralised nature of crypto makes it a perfect match.”
But don’t take the word of puny humans: ChatGPT also chooses crypto as its preferred currency without any nudges in that direction.
Trading bots that are able to buy and sell crypto already account for up to 80% of spot volumes, and it’s likely these existing automated bots will progressively be replaced by more intelligent AI agents. (Be warned, however, that LLM-based trading experiments like Autopilot’s GPT Portfolio have seen mixed results so far, so putting your funds under the control of an AI is going to be a risky proposition for a while.)
Members of Near DAO have begun experimenting with allowing an AI to decide whether a particular new project satisfies the relevant grant criteria to fund it autonomously from the treasury.
How to add Bitcoin and crypto payments to an AI agent
It’s certainly easy enough to integrate crypto payments with AI. Lightning Labs has released a set of developer tools that enable GPT-4 to buy, sell and hold Bitcoin using the layer 2 network. And AI startup Fewsats has already created an agent that is able to pay Lightning Network invoices.
I don’t want you to freak out, but my @OpenAI agent just paid a LN invoice for me ?
Fetch.Ai also offers a service where you can create an AI agent that is able to make payments on your behalf.
Syndicate.io founder Ian Dao Lee recently wrote a blog detailing how he was able to knock up a GPT in just a few hours, using OpenAi’s APIs and Syndicate’s Transaction Cloud, which is able to autonomously make USDC payments from a Safe wallet on the Base network.
He’s excited about the possibilities this holds. “The ability for AI to pay for things, hold things of value, exchange value, or create things of value — on behalf of itself or others — is how AI gets true agency,” he says.
“Some of the most interesting ideas open up not only when AI agents can transact on behalf of and with people, businesses, or other AI agents — but also when AI agents can manage things of value and transact on behalf of themselves.”
Lee believes that in the future, AI agents will be able to shop for things autonomously, manage the finances of people and organizations, determine and hand out funding approvals or try and grow wealth to help others.
However, it turns out that AIs are just as stingy with their money as humans are, donating an underwhelming $3 to charity.
Don’t believe the hype
While AI can more easily use crypto at present, banks appear eager to adopt AI for a variety of uses and already use it extensively for the detection of financial fraud.
Payment companies like Brex are working on integrating AI with corporate bank accounts to allow AI agents to automatically make payments in defined circumstances, such as travel expenses.
And a team of researchers recently put out a preprint describing how they successfully trained an AI agent called MM-Navigator to work out how to search through Amazon for a given product within a certain budget and to buy it.
Until crypto payments are more widely accepted, fiat still has a lot of advantages when dealing with businesses in the real world.
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Andrew Fenton
Based in Melbourne, Andrew Fenton is a journalist and editor covering cryptocurrency and blockchain. He has worked as a national entertainment writer for News Corp Australia, on SA Weekend as a film journalist, and at The Melbourne Weekly.
Wes Streeting has stepped up his war of words with junior doctors by telling Labour MPs that strikes would be “a gift to Nigel Farage”.
In a hard-hitting speech to the Parliamentary Labour Party, the health secretary claimed ministers were “in the fight for the survival of the NHS“.
And he said that if Labour failed in its fight, the Reform UK leader would campaign for the health service to be replaced by an insurance-style system.
Mr Streeting‘s tough warning to Labour MPs came ahead of a showdown with the British Medical Association (BMA) this week in which he will call on the doctors to call off the strikes.
At a meeting in parliament at which he received a warm reception from Labour MPs, Mr Streeting said: “The BMA’s threats are unnecessary, unreasonable, and unfair.
“More than that, these strikes would be a gift to Nigel Farage, just as we are beginning to cut waiting lists and get the NHS moving in the right direction.
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“What better recruitment agent could there be for his right-wing populist attacks on the very existence of a publicly funded, free at the point of need, universal health service? He is praying that we fail on the NHS.
“If Labour fail, he will point to that as proof that the NHS has failed and must now be replaced by an insurance-style system. So we are in the fight for the survival of the NHS, and it is a fight I have no intention of losing.”
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2:27
Why are junior doctors striking again?
The threatened strikes are in pursuit of a 29% pay rise that the BMA is demanding to replace what it claims is lost pay in recent years. The government has awarded a 5.4% pay increase this year after a 22% rise for the previous two years.
Earlier, appearing before the all-party health and social care committee of MPs, Mr Streeting said the strikes would be a “catastrophic mistake” and not telling employers about their intention to strike would be “shockingly irresponsible”.
He said BMA leaders seemed to be telling their members “not to inform their trusts or their employers if they’re going out on strike” and that he could not fathom “how any doctor in good conscience would make it harder for managers to make sure we have safe staffing levels”.
He said: “Going on strike having received a 28.9% pay increase is not only unreasonable and unnecessary, given the progress that we’ve been making on pay and other issues, it’s also self-defeating.”
He said he accepted doctors’ right to strike, but added: “The idea that doctors would go on strike without informing their employer, not allowing planning for safe staffing, I think, is unconscionable, and I would urge resident doctors who are taking part in strike actions to do the right thing.”
Mr Streeting warned the strikes would lead to cancellations and delays in patient treatment and spoke of a family member who was waiting for the “inevitable” phone call informing them that their procedure would be postponed.
“We can mitigate against the impact of strikes, and we will, but what we cannot do is promise that there will be no consequence and no delay, no further suffering, because there are lots of people whose procedures are scheduled over that weekend period and in the period subsequently, where the NHS has to recover from the industrial action, who will see their operations and appointments delayed,” he said.
“I have a relative in that position. My family are currently dreading what I fear is an inevitable phone call saying that there is going to be a delay to this procedure. And I just think this is an unconscionable thing to do to the public, not least given the 28.9% pay rise.”
Following a barnstorming performance in this year’s local elections, they are now the most successful political party on TikTok, engaging younger audiences.
Image: ‘They don’t exclude anyone, we’re all the same,’ says this Reform supporter
I was at the local elections launch for Reform in March, looking around for any young women to interview who had come to support the party at its most ambitious rally yet, and I was struggling.
A woman wearing a “let’s save Britain” hat walked by, and I asked her to help me.
“Now you say it, there are more men here,” she said. But she wasn’t worried, adding: “We’ll get the women in.”
And that probably best sums up Reform’s strategy.
When Nigel Farage threw his hat into the ring to become an MP for Reform, midway through the general election campaign, they weren’t really thinking about the diversity of their base.
As a result, they attracted a very specific politician. Fewer than 20% of general election candidates for Reform were women, and the five men elected were all white with a median age of 60.
Polling shows that best, too.
According to YouGov’s survey from June 2025, a year on from the election, young women are one of Reform UK’s weakest groups, with just 7% supporting Farage’s party – half the rate of men in the same age group. The highest support comes from older men, with a considerable amount of over-65s backing Reform – almost 40%.
But the party hoped to change all that at the local elections.
Image: Sarah Pochin became Reform UK’s first woman MP in May. Pic: PA
Time to go pro
It was the closing act of Reform’s September conference and Farage had his most serious rallying cry: it was time for the party to “professionalise”.
In an interview with me last year, Farage admitted “no vetting” had occurred for one of his new MPs, James McMurdock.
Only a couple of months after he arrived in parliament, it was revealed he had been jailed after being convicted of assaulting his then girlfriend in 2006 while drunk outside a nightclub.
McMurdock told me earlier this year: “I would like to do my best to do as little harm to everyone else and at the same time accept that I was a bad person for a moment back then. I’m doing my best to manage the fact that something really regrettable did happen.”
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0:40
‘He wasn’t vetted,’ says Farage of MP
Later, two women who worked for another of Reform’s original MPs, Rupert Lowe, gave “credible” evidence of bullying or harassment by him and his team, according to a report from a KC hired by the party.
Lowe denies all wrongdoing and says the claims were retaliation after he criticised Farage in an interview with the Daily Mail, describing his then leader’s style as “messianic”.
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1:04
Farage leading a ‘cult’ says ex-Reform MP
A breakthrough night
But these issues created an image problem and scuppered plans for getting women to join the party.
So, in the run-up to the local elections, big changes were made.
The first big opportunity presented itself when a by-election was called in Runcorn and Helsby.
The party put up Sarah Pochin as a candidate, and she won a nail-biting race by just six votes. Reform effectively doubled their vote share there compared to the general election – jumping to 38% – and brought its first female MP into parliament.
The council results that night were positive, too, with Reform taking control of 10 local authorities. They brought new recruits into the party – some of whom had never been involved in active politics.
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6:11
Inside Reform’s election success
‘The same vibes as Trump’
Catherine Becker is one of them and says motherhood, family, and community is at the heart of Reform’s offering. It’s attracted her to what she calls Reform’s “common sense” policies.
As Reform’s parliamentary candidate for Hampstead and Highgate in last year’s general election, and now a councillor, she also taps into Reform’s strategy of hyper-localism – trying to get candidates to talk about local issues of crime, family, and law and order in the community above everything else.
Image: Catherine Becker believes Reform have widened their appeal by tapping into local issues
Jess Gill was your quintessential Labour voter: “I’m northern, I’m working class, I’m a woman, based on the current stereotype that would have been the party for me.”
But when Sir Keir Starmer knelt for Black Lives Matter, she said that was the end of her love affair with the party, and she switched.
“Women are fed up of men not being real men,” she says. “Starmer is a bit of a wimp, where Nigel Farage is a funny guy – he gives the same vibes as Trump in a way.”
Image: Jess Gill switched from Labour to Reform
‘Shy Reformers’
But most of Reform’s recruits seem to have defected from the Conservative Party, according to the data, and this is where the party sees real opportunity.
Anna McGovern was one of those defectors after the astonishing defeat of the Tories in the general election.
She thinks there may be “shy Reformers” – women who support the party but are unwilling to speak about it publicly.
“You don’t see many young women like myself who are publicly saying they support Reform,” she says.
“I think many people fear that if they publicly say they support Reform, what their friends might think about them. I’ve faced that before, where people have made assumptions of my beliefs because I’ve said I support Reform or more right-wing policies.”
Image: Anna McGovern defected to Reform from the Conservatives
But representation isn’t their entire strategy. Reform have pivoted to speaking about controversial topics – the sort they think the female voters they’re keen to attract may be particularly attuned to.
“Reform are speaking up for women on issues such as transgenderism, defining what a woman is,” McGovern says.
And since Reform’s original five MPs joined parliament, grooming gangs have been mentioned 159 times in the Commons – compared to the previous 13 years when it was mentioned 88 times, despite the scandal first coming to prominence back in 2011.
But the pitfall of that strategy is where it could risk alienating other communities. Pochin, Reform’s first and only female MP, used her first question in parliament to the prime minister to ask if he would ban the burka – something that isn’t Reform policy, but which she says was “punchy” to “get the attention to start the debate”.
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Reform UK MP pushes for burka ban
‘What politics is all about’
Alex Philips was the right-hand woman to Farage during the Brexit years. She’s still very close to senior officials in Reform and a party member, and tells me these issues present an opportunity.
“An issue in politics is a political opportunity and what democracy is for is actually putting a voice to a representation, to concerns of the public. That’s what politics is all about.”
Image: Alex Philips remains close to senior members of Reform UK
Luke Tryl is the executive director of the More In Common public opinion and polling firm, and says the shift since the local elections is targeted and effective.
Reform’s newer converts are much more likely to be female, as the party started to realise you can’t win a general election without getting the support of effectively half the electorate.
“When we speak to women, particularly older women in focus groups, there is a sense that women’s issues have been neglected by the traditional mainstream parties,” he says. “Particularly issues around women’s safety, and women’s concerns aren’t taken as seriously as they should be.
“If Reform could show it takes their concerns seriously, they may well consolidate their support.”
Image: Pollster Luke Tryl thinks Reform have become more targeted and effective
According to his focus groups, the party’s vote share among women aged 18 to 26 shot up in May – jumping from 12% to 21% after the local elections. But the gender divide in right-wing parties is still stark, Tryl says, and representation will remain an uphill battle for a party historically dogged by controversy and clashes.
A Reform UK spokesman told Sky News: “Reform is attracting support across all demographics.
“Our support with women has surged since the general election a year ago, in that time we have seen Sarah Pochin and Andrea Jenkyns elected in senior roles for the party.”