Solana teases AI integration to enhance user experience

TL;DR Breakdown

  • The Solana foundation has teased the integration of AI to its network to enhance user experience.
  • The network has enjoyed massive increase in on chain activities.

The Solana Foundation has recently announced the development of an open-source reference implementation that enables users to directly interact with the Solana network using ChatGPT, an AI-based language model. The integration, available for download on GitHub as a plugin, aims to simplify access to Solana data, protocols, computing infrastructure, and decentralized finance (DeFi) projects.

Solana will integrate ChatGPT to its network

According to the Solana Foundation, this innovative integration showcases how AI can enhance the usability and comprehension of the Solana blockchain. With the plugin, users can engage in various activities, including purchasing non-fungible tokens (NFTs), token transfers, transaction inspection, interpretation of public account data, and exploration of NFT collections based on floor prices.

Anatoly Yakovenko, Solana co-founder and CEO of Solana Labs, emphasized the importance of considering AI models when building consumer-oriented applications. He stated, “Every developer building consumer-oriented apps should be thinking about how their app is going to be interacted with through an AI model because this is a new paradigm for telling computers what to do.”

Solana, a blockchain platform, has experienced a surge in activity as users seek alternatives to Ethereum and Bitcoin due to higher fees. Data from The Block reveals that last week, the seven-day moving average of new addresses on Solana reached 323,000, marking the highest number since June 2022. In fact, the number of new addresses added this month has surpassed the count of the past six months combined, highlighting the growing interest in the network.

The network has experienced massive growth this year

The native cryptocurrency, SOL, has also exhibited significant growth. After experiencing a decline amid the collapse of the FTX crypto exchange last year, SOL has staged a remarkable recovery, rising by 101% year-to-date. On Tuesday, it recorded a 2.6% increase and was traded at $20.03, according to TradingView data.

In addition to the integration announcement, the Foundation revealed an increase in the funding allocation for its AI-focused strategic grants program from $1 million to $10 million. The program aims to support innovative projects related to AI and blockchain technology. Currently, the foundation has already received 50 applications and continues to accept proposals for new initiatives.

Furthermore, the Foundation has initiated a three-month-long accelerator program specifically designed for university students. The program offers a dedicated cohort that focuses on exploring the potential synergies between blockchain and AI.

By combining AI capabilities with blockchain technology, it aims to empower users, developers, and researchers to better understand and utilize its network. The integration with ChatGPT serves as a pioneering step towards enhancing user experience and expanding the possibilities of Solana’s decentralized ecosystem.

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Owotunse Adebayo

Adebayo loves to keep tab of exciting projects in the blockchain space. He is a seasoned writer who has written tons of articles about cryptocurrencies and blockchain.