The Avalanche network, in partnership with Kite AI, has launched the first institutional-grade blockchain testnet focused on AI. This development promises to enhance scalability and data processing for AI operations.
Advancing AI Development on Avalanche Blockchain
Avalanche provides Ethereum Virtual Machine compatibility and scalable smart contract infrastructure, making it a robust foundation for AI applications. According to Chi Zhang, co-founder and CEO of Kite AI, its multichain architecture and tailored execution environments made this blockchain a preferred choice for the testnet development.
Benefits for Institutional Participants
Artificial intelligence offers institutional users a rich market of AI agents and models that can automate tasks and improve internal operations. Transparency in AI algorithms and data attribution are crucial for large volumes managed by institutions aiming to build advanced AI models.
Future of AI Agents in the Crypto Industry
The industry expects autonomous AI agents to become a leading investment narrative in cryptocurrency by 2025. Interest was piqued by scenarios like Luna's blockchain transaction executed without human input in early January.
The launch of the AI-focused testnet on the Avalanche platform marks a significant advancement in AI infrastructure development, attracting interest from institutional participants eyeing AI capabilities.
