The Velas cryptocurrency is the native coin of the Velas blockchain. The DPoS network uses artificial intelligence to enable faster, more secure, and more interoperable transactions and smart contracts. It is a self-learning and self-optimizing platform with a consensus mechanism that selects block producers with artificial intuition in order to create a more equitable incentive mechanism for managing the network. The platform is built upon a layer of AI-optimized neural networks. The Velas cryptocurrency can supposedly process up to 30,000 transactions per second. The company has also released an exchange, a wallet, a browser extension, and a merchant ecosystem.

SingularityNET is a decentralized marketplace for AI algorithms. SingularityNET allows their users to monetize artificial intelligence algorithms. This marketplace has the potential for developers and companies to exchange vital AI data that will lead to increased scaling and better overall performance in the entire AI ecosystem. Automation that utilizes AI already plays an important role in manufacturing. A blockchain-based marketplace would make AI data collection more scalable and could bring radical improvements to this sector.