AI and Cryptocurrency: Solana Integrates ChatGPT with Blockchain
The integration of AI and blockchain technology is gaining momentum in various industries, particularly in the field of cryptocurrency. AI can be utilized to write smart contracts, enhance cybersecurity, and manage decentralized marketplaces. Recently, Solana Labs, the company behind Solana blockchain and SOL token, has introduced a plugin for the popular AI program ChatGPT that enables AI to fetch blockchain data.
According to Solana Labs, this plugin will allow ChatGPT to perform actions on the Solana blockchain such as checking wallet balances, transferring tokens, and retrieving on-chain data. Eventually, ChatGPT will be able to purchase NFTs as well. Once OpenAI, the developers of ChatGPT, make plugins available for their chatbot, these functions will be enabled. As an example, Solana Labs shared a screenshot showing ChatGPT receiving a list of NFTs owned by a Solana address, including metadata links to the NFTs.
The advanced chatbot searches third-party online sources for information that is relevant to the user’s requests and can understand natural questions and communication phrasing. It can also present information in a conversational, explanatory, or formal style. Solana is designed to provide highly scalable blockchain solutions for the development of dApps and smart contracts. It is one of the most promising rivals to Ethereum (ETH), and Solana Labs is evidently focusing on AI to help it be more competitive, as the company recently announced that it would allocate $1 million in funding for projects building AI tools on Solana.
OpenAI also announced new privacy features that make ChatGPT more attractive for crypto activity. Users can now disable their chat history, which makes sure that the chatbot won’t display or use their conversations to facilitate further training of the algorithm. The fact that AI tools are developing to be more privacy-conscious and crypto-compatible is a positive sign for the future of the crypto industry.
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