Aelf, a trailblazing blockchain platform based in Singapore, is planning to revolutionize technology’s future by incorporating Artificial Intelligence (AI) functionalities into its network. The company recently disclosed this shift along with the introduction of a $50 million fund intended to foster AI-driven projects within their ecosystem.
aelf’s Vision for a Smarter Blockchain
With this innovative shift, the Aelf blockchain enters a fresh chapter. Moving on from being merely decentralized, it now becomes a vibrant network fueled by advanced AI technologies and their agents. The aim is to significantly improve its capabilities and take user experiences to new heights.
According to the founder of aelf, Auric, the evolution of the network which involves the fusion of computation, large language models (LLM), and agents within the aelf blockchain represents a revolutionary achievement in the broader tech world. Auric said:
Seven years ago, we looked ahead and decided to build the foundation for the future of blockchain technology. We focused on creating modular systems, enabling parallel processing, constructing cross-chain bridges, and designing cloud-native architectures – all of which are now widely adopted industry practices. Moving forward, our goal is to lead the charge in integrating AI with blockchain technology in Asia. By doing so, we aspire to develop a dynamic system that can learn from each new addition, surpassing its previous iterations and continuously evolving.
Powered by aelf Ventures’ Ecosystem Fund
Aelf Ventures, the investment branch of aelf, plans to invest $50 million from its Ecosystem Fund into AI projects that aim to connect with blockchain technology. By doing so, we hope to accelerate and promote the collaboration between artificial intelligence and blockchain technologies.
Furthermore, aelf plans to provide developers with user-friendly toolkits to help them harness the advanced technologies of the platform for various applications. These applications may include data preparation, model creation, adjustments, implementation, agent building, on-chain implementation, and monetization within the aelf blockchain ecosystem.
During the shift, existing projects and games on the aelf blockchain will be assimilated into AI functionalities. For fresh initiatives, they’ll leverage aelf’s strong infrastructure, ensuring a swift and adaptable blockchain platform that boasts enhanced productivity, fortified security measures, and sophisticated intelligent automation solutions.
In the opening month of this year, CharacterX, a decentralized platform for synthetic social networking, revealed they had raised $2.8 million in funding. This investment is earmarked for advancing AI and blockchain technology within Web3. An unmistakable sign of AI’s progression in the crypto realm.
Tech fans believe that Aelf’s AI-powered advancements demonstrate its dedication to fostering a culture of consistent progress within the tech industry. This is seen as an important development, as it stems from the initial stage when key players in the blockchain community came together at the AI & Blockchain Summit in Malta in 2018 to map out the sector’s future.
According to industry insiders, incorporating artificial intelligence technology into aelf’s blockchain system could significantly enhance its functionalities. In the long run, this development is expected to bring about greater benefits for users and propel the blockchain sector as a whole towards an exciting and innovative future.
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2024-04-15 10:37