Solana Foundation Boosts AI Grants Program to $10 Million Following Successful ChatGPT Integration

By: illustrious
May 24, 2023 7:50 AM EDT
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In a landmark announcement, the Solana Foundation, a nonprofit organization at the helm of the Solana blockchain, declared that it has successfully integrated artificial intelligence (AI) into its platform. The implementation is through a ChatGPT plugin, developed by Solana Labs, aimed at providing an enhanced understanding of Solana data and protocols. With this development, the Solana Foundation has decided to increase its AI grants program to an impressive $10 million, up from the initial $1 million.

The Solana blockchain, a layer-1 protocol known for its fast and secure infrastructure, has been on an unceasing quest for improvement and innovation. This integration brings the sophistication of AI to its robust platform, making it easier for developers and users to interact with and comprehend the intricate dynamics of Solana’s computing infrastructure and its array of decentralized finance (DeFi) projects.

The new ChatGPT plugin, freely available on GitHub, offers an array of applications. Its features include purchasing non-fungible tokens (NFTs), transferring tokens, inspecting transactions, interpreting public account data, and even discovering NFT collections by their floor price on Solana.

In the words of Solana co-founder Anatoly Yakovenko, "Every developer building consumer-oriented apps should be thinking about how their app is going to be interacted with through an AI model because this is a new paradigm for telling computers what to do."

In the wake of this development, the Solana Foundation has increased its commitment to encourage exploration at the intersection of the Solana blockchain and AI, raising its grants program to $10 million. The rolling grants program has already started receiving a high volume of interest, with 50 applications lodged to date.

Apart from the AI grants program, the Solana Foundation has also commenced a three-month-long accelerator program for university students. The program, which is geared towards experimentation with blockchain and AI, has already received hundreds of applications. Developers have shared that this initiative has resulted in a unique "Ask Solana U" chatbot, suggesting a fruitful beginning.

Meanwhile, within the Solana ecosystem, Hivemapper launched AI Trainers last month. This innovative application converts real-world imagery into detailed digital maps, including speed limits, warning signs, and other street-related data. Since the launch, Solana developers state that protocol contributors have initiated a whopping 5.7 million AI training reviews, with half a million objects reaching consensus.

The advancements brought about by AI integration into the Solana blockchain underscore the enormous potential of this collaboration. With a beefed-up funding pool and dedicated accelerator program, the AI-powered future of Solana looks more promising than ever. The melding of these transformative technologies promises to reshape our understanding and utilization of blockchain in unforeseen ways.

Always experimenting.

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