Smart contract blockchain Tron is leaning into the artificial intelligence revolution with the launch of a new $100 million AI development fund.
The aim of the fund is to encourage developers to create applications on the Tron blockchain using emerging AI tools such as OpenAI’s ChatGPT, both in the backend and frontend of development.
The move forms part of a wider push to integrate AI with the Tron blockchain. Earlier this week, Tron founder Justin Sun tweeted that the platform would provide “an AI-oriented decentralized payment framework” for ChatGPT and OpenAI, incorporating Tron oracle WINkLink in combination with DeFi applications JUST and SUN, as well as AI integration in smart contract development and the APENFT marketplace.
As an industry-leading decentralized stablecoin financial infrastructure, #TRON will provide an AI-oriented decentralized payment framework for AI systems #ChatGPT and @OpenAI. pic.twitter.com/7GcO7m4vV7
“By combining AI technology with the security and efficiency of blockchain, AI developers can maximize their potential,” Sun tweeted.
Tron’s three pillars of AI
Tron’s AI development fund will initially focus on three key areas: an AI service payment platform, an AI-infused oracle, and AI-generated content.
The integration of Tron’s DeFi infrastructure with AI promises to enable “self-learning, on-the-go, adaptable capabilities in all aspects of decentralized commerce,” according to a Tron spokesperson, including the creation and deployment of smart contracts, payment layer protocols, AI payment gateways and currency settlement.
More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology.
JP Morgan's e-Trading Edit report is now in its seventh year, the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual...
Tron aims to integrate AI-infused oracles with its layer 1 blockchain, its data-focused layer 2 blockchain, BitTorrent Chain, and its decentralized BTFS file storage system. Here, Tron envisages AI strengthening data-related tasks including underlying calling SDKs and API communication, as well as automated adjustments for optimized user experiences and data transactions within decentralized applications (dapps).
More Videos
0 seconds of 17 minutes, 28 secondsVolume 90%
Press shift question mark to access a list of keyboard shortcuts
Meanwhile, integrating AI tools into content generation is expected to increase efficiency and empower new use cases for NFTs on the Tron blockchain. On-the-go AI-powered user research will help keep creators and developers aware of market wants and needs. The utility of NFTs will be increased as AI is employed to develop new use cases for digital assets, which Tron anticipates will spark widespread disruption across legacy industries. One idea highlighted by Tron founder Justin Sun is to create personalized NFT assets for users by “analyzing typed textual requirements or existing NFT content.”
While these three areas are the primary focus of Tron’s AI development fund, the platform is actively seeking applications for grant funding from developers with other innovative use cases. “The hope of the initiative is that developers are inspired to use AI in current as well as future applications built on the Tron blockchain,” said a Tron spokesperson.
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.
This week:
Worrying details from Coinbase
The data breach Coinbase told users and investors about last week has gotten a little more worrying.
It’s not that more data has been stolen. But the company filed a disclosure with the Maine Attorney General that included a few key details that were missing from its SEC filing and blog post about the exploit.
The breach occurred on December 26, 2024, and w...
The Russian Ministry of Energy is considering offering its now strictly regulated Bitcoin mining industry incentives to move to the north of the country.
The move follows Russia slapping a Bitcoin mining ban on ten regions (mainly in the south) in January of this year: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, and Kherson.
Russia to Ban Crypto Mining 'In Some Regions' Due to Electricity Shortages
The ban is set to rema...
Kraken will soon offer overseas customers the ability to trade U.S.-listed stocks through the crypto exchange’s platform, the company said in a press release on Thursday.
The offering, which covers more than 50 U.S.-listed stocks and exchange-traded funds, will be facilitated through a partnership with Backed, a firm specializing in tokenized securities, using the Solana blockchain to offer so-called xStocks, the company said.
Tokenization refers to the process of taking real-world assets, wheth...
