Crypto Updates

TRON DAO Establishes Artificial Intelligence Development Fund

TRON DAO Establishes Artificial Intelligence Development Fund

February 8, 2023 – Geneva, Switzerland

TRON DAO is encouraging the blending of AI (artificial intelligence) technology with blockchain technology, announcing last week the establishment of a $100 million Artificial Intelligence Development Fund.

Four areas of focus have been initially identified – AI service payment platform, AI infused oracles, AI informed investment management services and AI generated content. However, innovators and developers whose imaginations arrive at further use cases should absolutely consider applying for funding and pitching their unique ideas as well.

AI service payment platform 

TRON’s industry-leading decentralized financial infrastructure is ripe for AI infusion, as it will enable self-learning, on-the-go, adaptable capabilities in all aspects of decentralized commerce, including the following.

  • Smart contract creation and deployment
  • Payment layer protocols
  • AI payment gateways
  • Currency settlement

AI utility will provide the opportunity for automated revenue generation and expedited digital commerce strengthened by AI analysis and adaptability for the developers who integrate AI tools into their decentralized applications.

AI oracle 

TRON’s expeditious, efficient and inexpensive blockchain network, along with its data-focused layer two blockchain – the BitTorrent Chain – are perfectly oriented for AI integration, as its fully decentralized file storage system (BTFS) is leveraged to achieve management of data in decentralized, adaptable, intelligent ways.

Decentralized data management is a differentiating factor from almost all other blockchains using centralized data storage and oracle services. AI will strengthen the performance of all things data related, including underlying calling SDKs and API communication.

Developers will be able to build in automated adjustments for optimized user experiences and DApp data transactions because of the insightful, real-time analysis AI tools will provide.

AI enhanced oracles will make the creation of a new, decentralized, intelligent financial ecosystem possible.

AI informed investment management services

Using AI technology, investment management services in the TRON ecosystem will be able to do the following.

  • Create more complex and intelligent trading algorithms
  • Analyze market trends in real-time
  • Discover even more advanced and dynamic strategies
  • Make more insightful investment decisions

In addition, DeFi lending platforms will be able to more…

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