February 8, 2023 – Geneva, Switzerland
TRON DAO promotes the merging of AI (artificial intelligence) technology with blockchain technology and last week announced the establishment of a $100 million artificial intelligence development fund.
Four focus areas were initially identified – AI service payment platform, AI-infused oracles, AI-powered investment management services, and AI-generated content. However, innovators and developers whose imagination leads to more use cases should definitely consider applying for funding and presenting their unique ideas as well.
AI service payment platform
TRON’s industry-leading decentralized finance infrastructure is ripe for AI infusion as it will enable self-learning, mobile and adaptable capabilities in all aspects of decentralized trading, including the following.
Intelligent contract creation and delivery Payment layer protocols AI payment gateways Currency processing
The AI utility offers developers who integrate AI tools into their decentralized applications the ability for automated revenue generation and accelerated digital commerce, empowered by AI analysis and adaptability.
TRON’s fast, efficient, and low-cost blockchain network, along with its data-centric Layer 2 blockchain – the BitTorrent chain – is perfectly aligned for AI integration, leveraging its fully decentralized file storage system (BTFS) to enable decentralized data management to reach. adaptive, intelligent ways.
The decentralized data management is a differentiator to almost all other blockchains that use central data storage and oracle services. AI will improve the performance of all things data related, including the underlying calling SDKs and API communication.
Developers will be able to build in automated adjustments for optimized user experiences and DApp data transactions as the insightful real-time analytics AI tools are deployed.
AI-powered oracles will enable the creation of a new, decentralized, intelligent financial ecosystem.
AI informed investment management services
Using AI technology, the investment management services in the TRON ecosystem can do the following.
Build more complex and intelligent trading algorithms. Analyze market trends in real time. Discover even more advanced and dynamic strategies. Make more insightful investment decisions
Additionally, DeFi lending platforms will be able to more accurately predict the direction of various assets, as well as the balance between user assets and liabilities – reducing the risk of default and improving fund utilization.
As AI processes what it learns day-to-day and month-to-month, it will be able to bolster assessment capabilities, thereby identifying potential loopholes in certain smart contracts or other security risks based on blockchain financial transactions.
AI will also improve on-chain investing as it informs analytics, learns market trends, and then writes smarter contracts that automate trading – which in theory leads to better returns.
The merging of blockchain technology with AI services will improve the way developers build a decentralized financial future and will increase the stabilization of users’ Web 3.0 commerce and community experience.
AI Generated Content
Integrating AI tools into content generation will increase efficiency and enable on-the-go user research to inform creators and developers about the wants and needs of the market. AI will improve NFT usage by constantly learning advanced methods of creating and consuming NFTs, leading to unprecedented industry disruption.
AI infusion for users in NFT creation, storage, verification, transaction and transmission, as well as NFT evaluation and analysis will empower the NFT use cases of the future.
SE Justin Sun, Founder of TRON and Ambassador of Grenada to the World Trade Organization, tweeted a thread on Monday February 6, 2023 setting out how AI integration will strengthen the entire TRON ecosystem.
Here is a summary.
WINkLink – the first comprehensive oracle of TRON’s ecosystem – combined with the DeFi applications JUST and SUN, all built on the powerful computational and analytical capabilities of AI, together will enable efficient investment management services for on-chain assets. AI integration in smart contract development will enable smarter and more effective smart contract creation, deployment and execution. The APENFT marketplace will offer AI infusions for users on its NFT marketplace. TRON’s robust blockchain trading system provides the best infrastructure for a shared AI economy, including tokenization of AI services.
The hope of the initiative is that developers will be inspired to use AI in current and future applications built on top of the TRON blockchain, both in the back-end and front-end of development – and that they will receive funding from the artificial TRON intelligence apply for development funds to help them do this.
The final result
The result of the merging of AI and blockchain technology will be a new, decentralized, intelligent ecosystem that is secure, trusted, tamper-proof, uncensorable and adaptable.
When asked, “What blockchain integrates artificial intelligence,” ChatGPT replied, “Currently, there isn’t any.”
In the near future, with the self-learning ability of AI, this answer will certainly be different. It is another way TRON is building the future of commerce and community for every person on the planet.
About TRON DAO
TRON DAO is a community managed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and DApps.
Founded in September 2017 by HE Justin Sun, the TRON network has continued to achieve impressive success since mainnet launched in May 2018. In July 2018, BitTorrent was also integrated into the ecosystem, a pioneer in decentralized Web 3.0 services with over 100 million monthly active users.
The TRON network has gained incredible traction in recent years. As of February 2023, it has a total of over 141 million user accounts on the blockchain, more than 4.8 billion total transactions, and over $11.2 billion in TVL (total value locked) as reported on TRONSCAN.
Additionally, TRON hosts the world’s largest circulating supply of USD Tether (USDT) stablecoin, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-managed DAO.
In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve – marking TRON’s official entry into decentralized stablecoins.
Most recently, in October 2022, TRON was named the national blockchain for the Commonwealth of Dominica, marking the first time a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure.
In addition to the government’s approval to issue Dominica Coin (DMC), a blockchain-based fan token to fuel Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT and TUSD – Issued granted legal status as an authorized digital currency and medium of exchange in the country.
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Hayward Wong, TRON Network
This content is sponsored and should be considered promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinion of The Daily Hodl. The Daily Hodl is not affiliated with or owned by any ICO, blockchain startup or company advertising on our platform. Investors should do their due diligence before making high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please note that you invest at your own risk and any losses you suffer are your responsibility.
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