![]() ![]() Still, other crypto companies have been hesitant to jump fully on the AI bandwagon, citing its potential dangers. “AI is going to impact every area, every sector, every industry, and we’re just trying to embrace it,” Tchwella said. The bot then generates a QR code that customers can scan to complete the sale. After scrolling through options, customers can ask the bot to help them purchase a NFT. In a virtual demonstration, Tchwella showed how a customer can connect their crypto wallet and ask the bot to show them nonfungible tokens they can afford or a specific collection. Solana Labs, which developed the Solana blockchain, launched a ChatGPT plugin in May “to make the user experience better, simpler for people to understand what is going on in blockchain,” said Tal Tchwella, head of product at Solana Labs.Ĭrypto has been criticized for being too unwieldy for regular consumers, but the ChatGPT plugin guides users through blockchain transactions in a conversational way. In addition to protecting investors from getting swindled, many in the industry see other ways for AI to make it easier for users to interact with crypto. “So many of the users are concentrated in these messaging apps,” he said. While this kind of benefit isn’t restricted to crypto, it is important for an industry where many scams originate on social media. “You could essentially do very, very large amounts of what’s called pen testing or penetration testing by just having these bots simulate attacks,” he said, adding that this testing could suss out vulnerabilities in smart contract code that hackers can manipulate to siphon cash.īots can also be used to moderate content in order to filter out spam and scams on messaging platforms like Telegram, Discord, Signal, WeChat and WhatsApp, Struck said. AI bots can curtail the swathe of cyberattacks plaguing decentralized finance, according to Struck. Hackers have been able to drain millions of dollars from blockchain protocols. Just as blockchain can bring more transparency to AI, the tech can bolster crypto by improving ways digital-asset platforms sort data, safeguard information and interact with users, according to some crypto supporters. “It’s harder to fake credibility because the circles are so small,” Felix said. Tools for Humanity, which developed a digital currency called Worldcoin, created a small orb that scans people’s eyeballs in order to generate a unique ID for that individual based on blockchain, giving them a digital “proof of personhood,” which when combined with Worldcoin can also be used to facilitate secure payments. The crypto startup cofounded by OpenAI’s Sam Altman, which raised $115 million, shows a real use case for crypto in AI, said Felix. Recently, CoinFund backed Tools for Humanity. “You may actually see a situation where AI is sort of a catalyst to rush back to blockchain,” said Adam Struck, founder and managing partner of investment fund Struck Crypto, which has been diving further into AI since the ChatGPT bot release.īlockchain technology can bring greater transparency and decentralization to AI, which can be extremely opaque in terms of what data is being used to train models, according to Alex Felix, managing partner and chief investment officer at crypto VC firm CoinFund. Since then AI has captured the attention of founders and investors - the same folks that fueled the crypto boom.ĪI may have stolen the limelight, but some crypto enthusiasts say it can provide new opportunities to the blockchain industry. When OpenAI launched its ChatGPT bot in November, it paved the way for practical uses of artificial intelligence. ![]() Russia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyĪs digital assets face mounting regulatory pressure and other market headwinds, they have also been dethroned as the latest technology fad. The Wagner Mutiny Foreshadows a Russian Defeat Prigozhin Turns Forces Back in Deal With Kremlin to Drop Charges Russia Latest: Zelenskiy Adviser Says Wagner Remains in Ukraine Silence Cloaks Kremlin After Russian Mutiny Against Putin have raised serious questions about the future of crypto. (Bloomberg) - New lawsuits filed by the US Securities and Exchange Commission against Coinbase Global Inc. ![]()
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