The Solana Foundation, the non-profit dedicated to the develop of the Solana blockchain, has integrated artificial intelligence (AI) through a ChatGPT plugin developed by Solana Labs.
News of the new tool was first reported a month ago. Now the plugin, which simplifies Solana data and its protocol by providing insights into the blockchain’s computational infrastructure and its decentralized finance (DeFi) projects, is available on GitHub for download.
The ChatGPT plugin currently extends to buying NFTs, transaction assessments, token transfers, finding NFT collections based on their floor price, and public account data analysis.
The Solana Foundation also announced a ten-fold increase — from $1 million to $10 million— in its grant funding dedicated to exploring the intersection between Solana and AI. The grants are available to anyone who applies if their projects are publicly available, open source at launch, and have source code available to the Solana Foundation.
Continuing its AI focus, the Solana Foundation recently launched a three-month accelerator program for university students interested in working with AI and blockchain technologies. The innovative program has already led to the creation of a chatbot named “Ask Solana U.”
The launch of ChatGPT by OpenAI in November 2022 caused a stir around the world as people realized its potential, with some calling to pause the introduction of new AI technology until regulations are put in place. But many Web3 platforms, NFT projects, and blockchains like Solana continue to embrace artificial intelligence with open arms.
Solana Continues to Invest In Its Infrastructure
Like nearly all blockchains and cryptocurrencies, Solana had a tough year in 2022. But the bear market didn’t stop the blockchain once heralded as the “Ethereum killer” from staying busy. At Rarity Sniper, we’ve covered several stories about Solana making strategic investments or launching new tools for users. Here are the top three.
First, about three months ago, the Solana-focused NFT trading platform Tensor raised $3 million in a seed round. The funding round was led by Placeholder, as well as Solana Ventures and Solana co-founders Raj Gokal and Anatoly Yakovenko.
Next, on June 28th, 2022, the Solana Foundation opened a physical store in Manhattan’s high-end Hudson Yards shopping mall. The store billed itself as the first retail and educational store dedicated to Web3 and the Solana blockchain.
Lastly, about a year ago, Solana Ventures and the Solana Foundation pledged to administer $100 million to South Korea’s Web3 market, with a particular focus on blockchain gaming startups. Most of the capital for the found comes from Solana Labs’ community treasury.
Solana’s latest ChatGPT plugin development and the increase of its AI fund to $100 million are signs the blockchain has no plans of slowing down. At Rarity Sniper, we’ll be keeping our eye out for any new innovative moves from Solana in the weeks and months to come.