Loading cryptocurrency prices...

Ethereum Foundation Launches AI Team to Bridge Blockchain and AI

Ethereum Foundation Launches Dedicated AI Team to Bridge Blockchain and Artificial Intelligence

  • The Ethereum Foundation has started a new Artificial Intelligence (AI) team to meet ecosystem demand.
  • The team will focus on product development and helping traditional AI developers work with Ethereum.
  • Initial plans center around supporting projects like micropayments, onchain identity, and AI agent verification.
  • The group’s short-term roadmap includes ERC-8004, a proposal for trustless AI agent interaction.
  • The Ethereum Foundation joins a growing trend of crypto projects integrating AI applications.

The Ethereum Foundation has created a new artificial intelligence (AI) team in response to requests from projects within its ecosystem. The move was not part of its original plan but was driven by demand for AI-focused development on the Ethereum platform.

- Advertisement -

Davide Crapis, the newly appointed lead for the team, said the initiative supports both the protocol and ecosystem divisions of Ethereum Foundation. He explained the dual focus aims to enhance products and make it easier for AI developers to work with Ethereum. The team will also provide support in areas such as micropayments, stablecoin integrations, and onchain identity and verification.

“If we can show these traditional AI developers that ‘hey, there is value here, there is decentralization, it could solve some problems around alignment, verification of AI, governance of AI,’ that would be a successful path for us,” Crapis told Cointelegraph. He also mentioned plans to release a detailed roadmap with set milestones later this year.

Currently, the foundation’s short-term agenda centers on ERC-8004, a proposed standard for discovering, selecting, and interacting with AI agents in a trustless manner. This proposal was co-authored by Crapis, MetaMask AI lead Marco De Rossi, and OpenAI’s Jordan Ellis. Crapis said the proposal received strong early interest and could have a significant impact.

Several AI-powered products and services, such as automated crypto payments and blockchain-based identity tools, are already emerging in the Ethereum network. The new team consists of Crapis, an AI product manager, and a staff member who will coordinate research and development with protocol teams.

- Advertisement -

Other blockchain organizations have also started exploring AI, such as Planck’s launch of a layer-0 blockchain for AI and Kite AI’s introduction of AI-focused solutions on Avalanche. Crypto-enabled AI agents began to appear on blockchain networks in 2023, enabling financial transactions and other automated tasks.

Crapis said he does not believe the Ethereum Foundation is late to adopt AI. “The timing feels right because people have been experimenting with AI coordination on these protocols for about two years now,” he stated.

The foundation’s new direction comes from internal recognition of AI’s potential role in Ethereum’s development, aiming for long-term adaptability and growth.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Citi Sees 17% Upside for Nvidia, Hikes Target Ahead of Earnings

Citi raised its price target for NVIDIA to $220 per share, a 17% increase...

Argentine Judge Freezes Hayden Davis’s Crypto Assets in LIBRA Case

An Argentinian judge has frozen assets linked to Hayden Davis and two cryptocurrency intermediaries...

BitMine Buys 110K ETH, Boosts Treasury to 3.5M Tokens

BitMine Immersion Technologies increased its Ethereum holdings by over 110,000 tokens last week.The company's...

Shiba Inu Market Cap Plummets Over 85% Since 2021 Peak

Shiba Inu (SHIB) reached a peak market cap of about $41 billion before declining...

Hive Hits Record 289 BTC in October, Stock Jumps 7% Pre-Market

Hive Digital produced 289 Bitcoin in October, an 8% increase from the previous month...
- Advertisement -

Must Read

The 13 Best Crypto Advertising Networks to Grow Your Project

TABLE OF CONTENTSWhy Traditional Ad Networks (Like Google & Facebook) Fail CryptoQuick-View Comparison TableHow to Choose the Right Crypto Ad Network for Your ProjectBest...