Cloud Debuts Mavrik-1 AI engine in Hedera to democratize Defi and Web3 data analysis
The Crypto Infrastructure Company Validation Cloud announced on Tuesday the AI Mavrik-1-based hedera’s debut that allows users and developers to obtain market views by asking for simple English queries.
Despite Defi’s promise of financial revolution, its complexity has long acted as a hindrance against widespread adoption. For defi users, the study curve is steep, which requires knowledge of complex terminologies such as liquidity mining, loss of loss and stake. Many defi platforms require users to contact command-line interfaces and complex web applications.
In Mavrik-1, users can ask such as “Which trading pairs has the largest spread and which stablecoin has the highest on-chain
Volume transaction?. “Imagine chatting with your personal AI counselor.
The ability to find information through natural language queries represents the democratization of data analysis and marked a transition to how investors interact with blockchain protocols.
“This is an important moment for the Hedera ecosystem,” Viv Diwakar, chief information officer of the Hedera Foundation, said in a press release shared with CoinDesk. “Data X AI platform data brings a new way to engage in blockchain data. It is a novel experience that opens up to usability and perspective for builders, businesses, and users in our ecosystem.”
The validation cloud is the AI platform that runs the web3 finance, which delivers products throughout the X AI data, staking, and node API.
Mavrik-1 is deeply integrated with the DEFI-based hedera applications, such as HUSDC, Karate Combat, and leading DEFI applications, the press release said. It is specially trained for blockchain environments, ensuring related context responses to queries.
“We built a Mavrik because you don’t need a PhD on the web3 to access and understand what’s going on in the chain,” said Andrew McFarlane, CTO of the validation cloud. “By surfing real-time intelligence in natural language, it makes all web3 accessible to everyone.”
Launching in the Hedera is the first step, followed by integration with other blockchains and a full publication publication, called Mavrik 2, later this year.
Hedera debuted in 2021 and an uninitiated proof-of-stake network with an abft hashgraph consensus. The Hedera Foundation releases the development of the Hedera ecosystem through expert grants and support for decentralized applications throughout Defi, NFTS, and more.
