Global fintech and funding innovation ecosystem

Solana Introduces AI Capabilities to Enhance User Experience and Adoption

The Defiant | Samuel Haig  | May 24, 2023

Solana - Solana Introduces AI Capabilities to Enhance User Experience and Adoption

In a push to revive its downtrend and amplify adoption, Solana, a Layer 1 blockchain noted for quick, low-cost transactions, launched a ChatGPT plugin that enhances its user interface.

  • Solana AI ChatGPT plugin:
    • The plugin facilitates various actions including NFT purchasing, token transfers, and on-chain data analysis, making it a powerful tool for those developing consumer-oriented applications.
    • Future iterations are expected to enable the writing and deployment of smart contracts on-chain, making the Solana blockchain more accessible and user-friendly.

See:  Solana DeFi Is Starting Over — OpenBook

  • Signs of Live Despite Market Challenges:
    • Despite a significant 92% drop from its 2021 highs, Solana has started to recover, showing an 80% increase in the SOL token this year.
    • However, the project faced various challenges including outages, criticisms regarding decentralization, and significant market share loss to other low-cost Layer 1s. The downfall of FTX and Alameda Research, significant Solana investors, also dealt a blow to the ecosystem.
    • Solana persists and looks to AI as a means to regain momentum and foster growth.
  • Boost for AI Grant Accelerator Program:
    • In a bid to nurture the development of machine learning models interacting with Solana-based protocols, the blockchain announced a ten-fold funding increase for its AI accelerator grants program.
    • The program, which has already attracted over 50 applications, will provide between $5,000 and $25,000 to successful applicants.
    • The ecosystem is home to several AI-focused projects, demonstrating the potential for AI to revolutionize the functionality and usability of the blockchain.

Continue to the full article --> here


NCFA Jan 2018 resize - Solana Introduces AI Capabilities to Enhance User Experience and AdoptionThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Solana Introduces AI Capabilities to Enhance User Experience and AdoptionFF Logo 400 v3 - Solana Introduces AI Capabilities to Enhance User Experience and Adoptioncommunity social impact - Solana Introduces AI Capabilities to Enhance User Experience and Adoption

Support NCFA by Following us on Twitter!







NCFA Sign up for our newsletter - Solana Introduces AI Capabilities to Enhance User Experience and Adoption




 

Leave a Reply

Your email address will not be published. Required fields are marked *

20 − 9 =