Vitalik's vision for Crypto + AI 🚀 Sui to the moon
Web3 events you don't wanna miss this week! Acala Ecosystem Program's $50,000 USD grant. Vitalik's 2 cents on crypto + AI. The first metaverse app for Apple's Vision Pro is here.
Ethereum co-founder Vitalik Buterin recently spilled the beans on four cool ways AI and web3 are coming together. 🤝
And as AI and web3, two of the biggest tech hype words and giants of our time, come together, they're opening up a bunch of new opportunities and hurdles, painting an exciting but complicated picture.👇
The Evolution of Crypto + AI Synergies: Crypto's all about spreading the power out to prevent any one group from having too much control, which is a neat counter to AI's tendency to keep things under wraps. Vitalik's taking a closer look at how the openness of crypto could work with AI's mystery to kick off some awesome teamwork.
The Scene's Shifting Fast: In the last three years, we've seen some mind-blowing AI advancements and crypto tech like ZKPs and FHE hitting the scene. Vitalik's pointing out a wave of cool projects in the blockchain world that are changing the game for how crypto and AI team up.
Classifying AI Interactions with Blockchains: Vitalik's slicing the big idea of AI into four slices shows different ways crypto and AI can play together in the blockchain sandbox. From AI being a player in the game to actually being the point of the game, each angle offers a fresh take on how these two worlds can blend.
Vitaliktakes a deep dive into AI's impact on decentralized trading platforms, highlighting how AI-powered arbitrage bots have been crucial for almost ten years. He points out the huge possibilities for AI in forecasting markets, where AI's knack for grinding away with little reward could dramatically change how decisions are made across different fields:
AI as a Player in a Game: Discover the evolution of AI's role in DEXs and its broader implications for blockchain apps. AI’s involvement in on-chain mechanisms has the potential to reshape market dynamics.
Example: Imagine a DEX where AI arbitrage bots engage in real-time trading. These bots leverage their computational prowess to identify price discrepancies across various markets, executing trades faster and more efficiently than human counterparts.
AI as an Interface to the Game: Explore the potential of AI as a user-friendly interface, providing protection against scams and assisting users in navigating the crypto world. Recognize the risks involved in using AI directly to counter malicious actors.
Example: Picture a crypto wallet equipped with an AI-driven interface. As users navigate crypto, the AI provides real-time guidance, explaining complex concepts in plain language. It safeguards users by analyzing transactions, detecting potential scams, and ensuring that signed messages align with their intentions.
AI as the Rules of the Game: Navigate cautiously through the idea of integrating AI into blockchain smart contracts or DAOs, considering the difficulties presented by adversarial machine learning attacks. Explore the intricacies of maintaining transparency without sacrificing security.
Example: Imagine a DAO that's in charge of a project where people are hired to do specific tasks. They use an AI to help make decisions that involve personal judgment. This AI checks the work that's submitted to see if it meets the detailed rules set in the project agreement.
AI as the Objective of the Game: Look into the future where decentralized, reliable AIs become the focus, enhancing usefulness beyond blockchains. See the potential for democratic governance of AIs, offering a decentralized approach to AI safety.
Example: Envision a decentralized prediction market governed by a DAO. Users contribute data for training an AI model tasked with predicting outcomes. The DAO ensures democratic control over the AI's training data submissions and query permissions.
Vitalik's insights are a call to explore how these big tech ideas – AI and decentralization – can work together. The idea of a future where AI helps run a decentralized world is pretty exciting, but we've got to think it through and come up with clever ways to make sure they get along well.
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Pixelmon, which got a lot of flak for its NFT art, just bagged $8 million in seed money, with big names like Animoca Brands chipping in. After they revamped their look, their lowest price shot up. Now, under the banner of LiquidX Studios, Pixelmon's on a mission with their Mon Protocol to let NFT owners really own their game characters.
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Let’s get into Posty’s fresh pecks from the world of web3!
🇮🇳 India's Finance Minister, Nirmala Sitharaman, totally skipped over crypto in her budget chat, which was a letdown for the folks rallying behind the #ReduceCryptoTax movement. Despite all the noise on social media for lower crypto taxes, the budget just didn't bite.
🤯 Victoria VR is gearing up to launch the first metaverse app for Apple's 'Vision Pro' headset in the next few months. Their VR token, which is part of the Ethereum gang, shot up by 60% in just a day. They're promising some next-level, super sharp graphics and an all-in gaming experience that's gonna blow minds.
Sui, developed by the brains who once cooked up Meta's Diem crypto project has muscled its way into the top 10 of the DeFi charts, thanks to a whopping 1,000% leap in its TVL in just four months — leaving even Bitcoin and Cardano in the dust.
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