Tron blockchain committed over $100 million to launches AI development fund

The decentralized autonomous organization that powers the TRON (TRX) ecosystem has announced the creation of a $100 million Artificial Intelligence Development Fund. Interest in artificial intelligence (AI) is reborn in both the mainstream and the cryptocurrency sector.

The new fund from TRON DAO will concentrate on four key areas: AI Service Payment Platform, AI Infused Oracles, AI Informed Investment Management Services, and AI Generated Content.

“The hope of the initiative is that developers are inspired to use AI in current as well as future applications built on the TRON blockchain, both in the back end and front end of development, AND that they apply for grants from the TRON Artificial Intelligence Development Fund to help them do so,” the organization said.

With the use of technologies like ChatGPT, a chatbot developed by OpenAI, the initiative intends to assist developers in investigating the usage of AI—which strives to imitate human intelligence in machines—with apps established on the blockchain.

The previous week has seen an average increase in AI token prices of over 60%. Tokens for platforms like Alethea’s artificial liquid Intelligence (ALI), fetch.ai (FET), and SingularityNET (AGIX), which has more than tripled, have been among the largest gainers. However, some market observers are still dubious about AI tokens’ buzz.

The TRON network saw a boost in daily active users in the fourth quarter of 2022, reaching “an unprecedented spike to 1.3 million new accounts on December 10,” according to a recent quarterly analysis by cryptocurrency analytics platform Messari.


TRON daily active accounts and activated (new) accounts | Source: Messari

Due to increasing user activity, more TRX tokens were burned within the same period compared to those generated. In contrast, TRON’s client GreatYovage-V4.6.0, also known as Socrates, was released in November to enhance network functionality.

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