Frax Finance, a decentralized stablecoin protocol, has announced the development of a technology that could radсically change how artificial intelligence (AI) interacts with blockchain networks. The new initiative, called AIVM, aims to create fully autonomous AI agents free from centralized control, according to the official statement.
What is AIVM
According to the announcement, AIVM (AI Virtual Machine) is a technology stack built on a unique proof-of-inference (PoI) consensus mechanism. This mechanism uses machine learning (ML) models to validate blockchain transactions. AIVM will be integrated into Fraxtal, a Layer 2 blockchain launched by Frax Finance last year.
Cesar Rodriguez, CTO at IQ, stated that AIVM will enable the creation of sovereign AI agents fully owned by token holders. He believes this innovation marks an important step forward in the synergy between cryptocurrencies and artificial intelligence.
Frax Finance’s Vision for 2025
AIVM is not the only ambitious goal for Frax Finance. The company presented its Vision 2025 roadmap, which includes developing the Frax Universal Interface (FUI), updating the FRAX stablecoin, and implementing a network hard fork for improved scalability.
Sam Kazemian, founder of Frax Finance, noted that the company’s goal is to create an intuitive and accessible infrastructure for the new generation of decentralized finance (DeFi) users.
In the initial phase, thanks to collaboration with the IQ project, AIVM is expected to serve as a platform for launching tokenized AI agents. These agents can operate fully autonomously, offering unique opportunities for decentralized applications.
It’s worth noting that the AI-agent niche is gaining popularity. Recently, it became known that several top exchanges, including Binance and Coinbase, have shown interest in this trend. This could raise the stakes for investors and increase the chances of future token growth. Earlier, we compiled a list of the top 5 promising AI agents that could potentially yield 50x-–200 returns.
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