The artificial intelligence platform validation cloud has launched a new large language model on the Hedera Network, which potentially provides decentralized financial users of the ability to reach blockchain data in a more accessible way.
The Mavrik-1 AI engine was deployed in Hedera, along with many other planned integration expected during a public controlling later this year, the Validation Cloud team said cointelegraph.
The AI engine is designed to allow users to interact with defi protocols and accessing blockchain data through natural language queries without the need for technical expertise or knowledge.
Mavrik-1 uses live onchain data trained for Defi, Stablecoins and other blockchain applications.
“Despite Defi accounting for more than 50% of all onchain activities, accessing and interpreting data remains a major drawback for most users and institutions,” Validation Cloud told cointelegraph, insisting that existing blockchain data tools such as dune, flipide and nansen are more difficult to understand the use of industry.
Since at least 2023, blockchain companies have developed AI chatbots to help developers and users. However, as Cointelegraph reported At this time, extensive adoption is faced with major hurdles, especially for intelligent AI-powered contracts, which are suppressed by high and unpredictable gas fees.
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AI’s growing utility on web3
In AI’s scheduled to be a $ 15 trillion industry by 2030, more than its activity moved to the decentralized web because blockchains provide more control over users of resources and databases, according to LeewayhertzAn AI development company.
This is further corroborated by Ernst & Young, which reported In 2024 “AI and Web3 could meet each other’s shortcomings.”
“The Web3 can help AI deal with its confidence issues, and AI will help to overcome the challenges of web3 adopting,” E & Y said.
Use cases for AI appeared throughout the blockchain industry, including Cointelegraph has recently reported That a circle co-founder launched an “AI native bank” with $ 18 million in fresh startup capital.
Venture Capital Poured $ 73 billion in AI startups In the first quarter, according to pitchbook data. More than half of the total is a single funding for the Chatgpt Openai developer, which raised $ 40 billion in March.
Although crypto -focused capitalists are excited about AI applications, some have expressed reservation about investment Until the technology has flourished.
Magazine: Crypto AI Tokens progresses to 34%, why chatgpt is like a kiss-ass: Ai Eye
