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Solana Receives $10M Grant to Integrate AI into Blockchain

by Vaibhav
May 24, 2023
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Solana Receives $10M Grant to Integrate AI into Blockchain
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Author Anna Kuznetsova Reading 2 minutes Views 7 Published 05/24/2023 Updated 05/24/2023

On May 23, the Solana Foundation, a non-profit organization dedicated to maintaining and developing the Solana Level 1 blockchain, announced that it has integrated artificial intelligence (AI) using the ChatGPT plugin developed by Solana Labs.

According to the developers, the ChatGPT plugin is available for download from GitHub and will “make it easier to understand Solana data and protocols or surface data about Solana computing infrastructure and DeFi projects.”

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The plugin’s current features include buying non-fungible tokens (NFTs), transferring tokens, verifying transactions, interpreting public account details, and searching for NFT collections at the lowest price on Solana.

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“Every developer creating consumer-facing applications needs to think about how their application will interact with the AI ​​model, because this is a new paradigm of telling computers what to do,” said Anatoly Yakovenko, co-founder of Solana.

The Solana Foundation also announced that it will increase funding for grants exploring the intersection of the Solana blockchain and artificial intelligence to $10 million, up from the original $1 million pledge. The developers said that 50 applications have already been received for the rolling grant program.

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In addition, the Solana Foundation launched a three-month accelerator program for university students, a full group experimenting with blockchain and artificial intelligence. “The program has received hundreds of submissions from projects and contributors, and an AI cohort has already led to a request for the Solana U chatbot,” the developers wrote.

As part of its ecosystem, Hivemapper last month launched AI Trainers that convert real-world images into high-quality digital maps with details on speed limits, warning signs and other street-related information. Since then, the Solana developers claim that protocol participants initiated 5.7 million AI learning reviews, with 500,000 objects reaching consensus.

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