Smart contract blockchain, Tron through the opening of a new $100 million AI development fund, is embracing the revolution in artificial intelligence.
The fund’s goal is to motivate programmers to build applications on the Tron blockchain using nascent AI tools, such as OpenAI’s ChatGPT, both in the backend and frontend of development. The action is part of a larger effort to incorporate AI with the Tron blockchain.
The action is a component of a larger campaign to incorporate AI into the Tron network. Justin Sun, the founder of Tron, stated in a tweet earlier this week that the platform would offer “an AI-oriented decentralized payment framework” for ChatGPT and OpenAI, incorporating the Tron oracle WINkLink in conjunction with the DeFi applications JUST and SUN, as well as AI integration in smart contract development and the APENFT marketplace.
In one of the Twitter threads, Sun tweeted that AI developers can maximize their potential by combining AI technology with the security and efficiency of the blockchain.
The Four focuses of the funding
The initial focus of Tron’s AI development fund will be on four major areas: a platform for paying for AI services, an AI-powered oracle, AI-assisted investment management services, and AI-generated content.
According to a Tron spokesperson, the combination of AI and Tron’s DeFi infrastructure will enable “self-learning, on-the-go, adaptable capabilities in all aspects of decentralized commerce.” This includes the development and use of smart contracts, payment layer protocols, AI payment gateways, and currency settlement.
Tron intends to merge its layer 1 blockchain, its data-focused layer 2 blockchains, BitTorrent Chain, and its decentralized BTFS file storage system with AI-infused oracles. Here, Tron envisions AI enhancing data-related operations such as underpinning calling SDKs and API communication, as well as automatic modifications for improved user experiences and data transactions within decentralized applications (dapps).
The Tron ecosystem’s investment management services will use AI to build more sophisticated and intelligent trading algorithms, perform real-time market trend analysis, generate more sophisticated and dynamic trading strategies, and make more precise investment decisions. Additionally, AI will be employed to raise user safety by precisely forecasting the direction of various assets as well as the equilibrium between user assets and liabilities, lowering the chance of default, and raising the rate of fund usage.
It is anticipated that incorporating AI technologies into content creation will boost productivity and enable new use cases for NFTs on the Tron blockchain. Mobile AI-powered user research will assist to keep designers and developers informed of the demands and desires of the market. As AI is used to create new use cases for digital assets, the usefulness of NFTs will rise, and Tron expects this to cause significant disruption across older sectors. Creating customized NFT assets for users by “analyzing written textual requirements or existing NFT content” is one concept mentioned by Justin Sun, the creator of Tron.
Although Tron’s AI development fund primarily focuses on these four areas, the company is constantly looking for developers with other cutting-edge use cases to apply for grant money.
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