Solana takes its first steps into the artificial intelligence realm.
The Solana Foundation has made a groundbreaking announcement, unveiling its integration of artificial intelligence (AI) into the Solana blockchain.
By leveraging the ChatGPT plugin developed by Solana Labs, users can now tap into the power of AI to gain deeper insights into Solana’s data, protocols, and computing infrastructure.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer videos every week!
The ChatGPT plugin, which can be downloaded from GitHub, equips developers with a revolutionary tool to interact with Solana.
It facilitates a range of functions, including non-fungible token (NFT) purchases, token transfers, transaction inspections, and the analysis of public account data. With the ability to identify NFT collections by floor price on Solana, this plugin brings greater convenience and efficiency to users’ blockchain activities.
Solana co-founder Anatoly Yakovenko emphasized the significance of integrating AI models into consumer-oriented apps, stating:
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.
In tandem with this groundbreaking integration, the Solana Foundation has expanded funding for its grants program. Initially pledging $1 million, the foundation has increased the grants fund to a substantial $10 million. The grants will fuel projects that explore the intersection of Solana blockchain and AI.
The rolling grants program has received an overwhelming response, with 50 applications submitted by visionary developers eager to shape the future of the Solana ecosystem.
Furthermore, the Solana Foundation has launched a three-month-long accelerator program catering specifically to university students. This program provides a platform for students to experiment with the exciting realms of blockchain and AI.
The program received hundreds of applications from projects and contributors, and the AI cohort has already resulted in an ask Solana U chatbot.
Despite rather exciting news, the development had a minor or negative impact on Solana’s (SOL) price. Upon the announcement, the token’s price fluctuated around $20.10 before eventually falling to $19.49 at the time of writing.
The integration of AI into the Solana blockchain represents a groundbreaking development in the world of cryptocurrencies. As Solana continues to push boundaries and pioneer novel applications, the future holds immense potential for cryptocurrency enthusiasts and the broader blockchain community.