“We’ve figured out a way to put AI on-chain,” lead developer punk3700 told CoinDesk in an X message.
- Bitcoin Virtual Machine (BVM), a pioneering layer 2 project on the Bitcoin network, is poised to launch Truly Open AI, a revolutionary platform enabling users to deploy AI models directly on the blockchain for integration into various crypto applications.
- In a collaborative effort, the storage model for these AI models has been meticulously crafted with contributions from Filecoin, Near, Avail, Polygon, and Syscoin.
Video link: https://youtu.be/B0tKEH3M1a0?si=uImYDCFBbclljyJN
Bitcoin Virtual Machine (BVM), a layer 2 project built on Bitcoin, is set to unveil a groundbreaking platform allowing users to deploy artificial intelligence (AI) models, developer punk3700 revealed to CoinDesk in a message on Tuesday. This innovative feature, dubbed Truly Open AI, will enable users to host AI models on the blockchain for utilization in various crypto applications. AI models, essentially algorithms based on specific datasets to facilitate decision-making, will now be deployable on-chain.
Lead developer punk3700 emphasized the significance of this development, stating, “We’ve figured out a way to put AI on-chain.” He highlighted the transformative impact, contrasting it with the trend of putting images (jpegs) on-chain.
“They are neural networks (technical terms for AI) where users can create their own AI models, monetize them (through usage fees), or sell the entire models,” he elaborated.
Storage layers for these AI models will be provided by platforms such as Filecoin, Near, Avail, Polygon, and Syscoin.
Video link : https://youtu.be/uWmbKcrQ2M0?si=mkFwWgbWzQp1PFOt
The integration of AI into the blockchain space remains a highly anticipated development among crypto enthusiasts, as AI technology is poised to drive significant innovations in the global economy in the foreseeable future.
Nevertheless, there are skeptics in the market who doubt the feasibility of running artificial intelligence on a blockchain, despite claims made by numerous projects.