Solana Foundation Announces Development Fund for AI-Related Projects

Solana Explores AI Use Cases

The Solana Foundation, which supports the high-speed L1 blockchain Solana (SOL), announced on the 25th a development support fund of approximately 130 million yen ($1 million) with the aim of expanding AI (artificial intelligence) use cases.

1/ Today, the Solana Foundation announces a $1m fund for small-scale grants exploring the intersection of the @Solana blockchain and AI.

The grants range from $5k to $25k, and both new and existing projects are eligible.

Learn more

— Solana Foundation (@SolanaFndn) April 25, 2023

The effort aims to explore innovative use cases that combine cutting-edge technologies in the Solana ecosystem. Each grant is relatively small, ranging from $5,000 to $25,000, and is open to a wide range of new and existing projects.

The foundation emphasizes that “Solana’s high processing power and scalability can provide unique opportunities for building new ideas with AI.” Solana’s proprietary consensus-building mechanism, Proof of History (PoH), enables fast and efficient transaction processing, which will be critical for real-time interactions with ChatGPT.

connection:Solana Labs’ only Japanese engineer talks about the appeal of Solana

Tools and dApps (decentralized apps) covered by the grant are required to be publicly available for others to use, be open source at launch, and have the foundation able to verify the source code.

connection:US OpenAI to start supporting ChatGPT plugin Internet access possible

Announcing ChatGPT plugin

On the same day, Solana Labs, developer of the Solana blockchain, announced an open-source example implementation of a ChatGPT plugin that allows users to interact directly with the Solana network via ChatGPT. The Solana GitHub page showcases screen captures demonstrating the ChatGPT API implementation, demonstrating user-friendly and intuitive interaction with the Solana network.

(1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT.

Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.com/08z1IX76zJ

— Solana Labs (@solanalabs) April 25, 2023

Examples include requesting a list of NFTs owned by a particular Solana address, asking for help sending Solana transactions to another address, and asking for help buying NFTs.

Once the ChatGPT plugin is publicly available, users will be able to easily consume Solana-based applications and services via ChatGPT. ChatGPT will be used to connect directly to the Solana network, allowing users to check wallet balances, transfer tokens and buy NFTs.

Various applications and projects are expected to emerge, including decentralized AI platforms like ChatGPT that can train, share and monetize AI models, and Solana-based platforms that can publish and trade AI-generated content as NFTs. Including marketplaces. In addition, AI-driven predictive models and trading algorithms built on Solana have the potential to provide more efficient and accessible financial services.

Major companies in the tech industry are slowly starting to adopt ChatGPT-powered tools. Binance introduced its ChatGPT “Sensei” chatbot on April 24, and crypto-integrated browsers like Opera and Brave have also integrated AI capabilities into their platforms.

connection:Binance Academy Introduces AI Chatbot “Binance Sensei” Utilizing ChatGPT Technology

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