MONDAY MORNING THOUGHTS ☕️
One of the upcoming narratives in the crypto space is undoubtedly going to revolve around AI. It's clear almost to everyone.
But what about other implications coming with AI?Which other areas might be impacted?
Among many obvious areas like big data, computing power and decentralized storage ($AR 👀) one thing became super clear:
AI needs Infrastructure and interconessions for sourcing data and for optimizing output.
And that's where #IoT , the Internet of Things, steps in.
Every IoT network is essentially comprised of two elements:
1. IoT devices that collect data about the world and interact with it.
2. The technological infrastructure enabling these devices to communicate thanks to the #LoRaWAN communication technology.
Long-range communication with low power consumption 📶
It will be an inevitable sinergy as they complement each other.
And that is not just my opinion, let's look at some numbers !
Projections for the Internet of Things (IoT) in the coming years foresee substantial growth, with estimates indicating a connectivity of almost 30 billion devices by 2027. (Source: IOT analytics "State of IoT—Spring 2023").
Consequently, the IoT market value is expected to reach significant figures.
Taking all of these into consideration, I am planning to update my portfolio with some IoT products and low cap.
$HNT is already in, but the project seems stagnant (first signs of recovery now ? 🤔)
I am currently directing my attention towards other projects like $IOTA , $XNA, and $CTXC .
Let me know what you think and if you are currently hodling some IoT projects👇
