The Solana Foundation has officially incorporated AI into its network after introducing a ChatGPT plug-in, a contrivance of Solana Labs.
Since the launch of ChatGPT earlier in the year, there has been an unending debate about artificial intelligence and its effect on the major industries in the world, and it was only a matter of time to see it impact crypto and the web3 landscape.
The plug-in, which Solana Labs slightly aired in April, is concentrated on improving users’ interactions with the platform. One of the ways it intends to improve users’ interaction with the platform is by assisting in easy onboarding into the Web3 ecosystem.
It is tilted toward easing users’ purchase processes, transferring tokens, listing NFTs, checking out transactions, interpreting data, and locating NFT collections by floor price, the Solana Foundation stated.
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Tal Tchwella, head of product at Solana Labs, shared, “Solana is plugging ChatGPT into an RPC node that will read data from multiple sources on-chain and disseminate that information to questioning users.”
For example, users can ask AI questions about NFT collections, which NFTs they can buy with the SOL tokens in their account, and so on. “There are a lot of places this could be useful… “We’re hopeful to see more experimentation by dApps — and that’ll be the exciting part.”
The ChatGPT plug-in will primitively concentrate on NFTs, and considering Solana’s NFT sales by capacity were near $58 million in the past 30 days, the subsector is possibly a good decision given that it is already heavily deployed by the blockchain and its users. Tchwella also mentioned that there are initiatives on the developer front to help speed the expansion of AI inside its ecosystem.
The ChatGPT integration offers a new way for Solana users and developers to ask the AI service questions while “making the experience simpler,” Tchwella said. Instead of reading an 800-page document on a Solana-based project, the AI does it for you and then can share answers to people’s questions.
“We believe that the blockchain space is way too technical,” Tchwella said. Bringing the popular ChatGPT service to Solana “offers a new opportunity for people to engage with it and understand what’s really happening.”
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Solana’s plug-in is AI’s opportunity to simplify blockchain
As reported by TechCrunch, there are an array of potential applications and use cases for AI in the crypto space. A couple of projects traversing different chains have been discovered with a bridled concentration on the entrails of AI.
“Last week, Alliance DAO’s most recent cohort of 16 startups presented their ideas during a demo day — and three of them were AI-focused. That’s a small fraction of the larger pool, but it is up from zero AI/crypto startups in its previous demo day from November, which signals that there’s a shift underway in the crypto industry,” TechCrunch reported.
On Solana, there are a few crypto projects that are leveraging AI, such as Context, which built AI-powered chatbots that focus on training themselves to understand over 30 Solana-based projects so users can ask its AI interface technical questions without having to sift through documentation, codes, and more.
Tchwella anticipates that AI technology will be able to accelerate the development process for smart contracts — a fundamental component of blockchain technology that converts living databases into programmable systems — as well as make it easier to create more accessible experiences in general.
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