Tron blockchain invests $100 toward AI development

Tron blockchain invests $100m toward AI development

TL;DR Breakdown

  • Tron invests $100m in teams taking advantage of AI technology within their blockchain applications.
  • Developers can now apply for funds from the Tron Artificial Intelligence Development Fund to expand their projects

Tron network has invested over $100 million in teams taking advantage of Artificial Intelligence (AI) technology within their blockchain applications as AI commands more attention from investors. This initiative seeks to aid developers in employing tools such as OpenAI’s ChatGPT chatbot for both front-end and back-end development of their blockchain applications.

Developers can now apply for funds from the Tron Artificial Intelligence Development Fund to expand their projects in AI-influenced areas such as payments and e-commerce, currency settlement, data management, market and investment analysis, or content generation. Committed to providing enhanced smart contract development capabilities through AI integration, Founder H.E Justin Sun declared earlier this week that AI integration in smart contract development will allow for more intelligently and effectively created, deployed, and executed smart contracts.

Over the past week, AI tokens have skyrocketed an average of over 60%, as reported by CryptoSlate data. Tokens for platforms such as Alethea’s Artificial Liquid Intelligence (ALI), Fetch.ai (FET), and SingularityNET (AGIX) had especially impressive gains that more than tripled their already-high prices. While some market watchers are not entirely convinced of this ongoing trend in AI tokens, there is no denying its rapid growth and success.

Earlier this week, financial market consultant Valentina Drofa warned of the potential for empty hype surrounding the new trend due to short-term price pumps from speculators.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Damilola Lawrence

Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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