Wednesday, 26 April 2023

Solana Labs is developing a plugin, ChatGPT, to facilitate real-time analysis of blockchain.

Solana Labs is revolutionizing the blockchain industry by embracing artificial intelligence (AI) technology with their ChatGPT plugin. This innovative plugin using OpenAI’s conversational chatbot technology will allow users to search the Solana blockchain easily. They can perform various tasks, such as checking wallet balances, transferring tokens, and purchasing NFTs without any hassle.

Noah Gundotra, Software Engineer at Solana Labs, said, “Our work in this area is intended to promote safe and human interpretable standards around large language models and sending transactions.” Solana Labs has created an open-source reference implementation of the ChatGPT plugin, and a beta version is available for developers to test on their GitHub account.

To encourage the development and use of AI for the Solana blockchain, the Solana Foundation announced $1 million in grants, ranging from $5,000 to $25,000 each on Tuesday. Solana Labs is also working on new protocol standards that allow ChatGPT to perform common interactions with on-chain programs that promote greater safety and interpretability. Additionally, it is providing additional resources for both consumers and developers to better understand the safety and interpretability details of the plugin.

Solana’s native token, SOL, may have seen an upswing in the last 24 hours, trading at $22.61, up 7%, likely from the announcement of the ChatGPT plugin. Solana is not the only company exploring the integration of AI technology with blockchain. Other companies, such as Fetch.ai, Ocean Protocol, Chainalysis, and Forta Network, are bridging AI with blockchain technology. However, Solana may be the first prominent, existing layer-1 chain to embrace such functionality.

By providing ChatGPT as an example plugin to understand Solana data and protocols, such as for researching NFTs or surfacing data about Solana’s computing infrastructure (RPC nodes) and DeFi projects, ChatGPT can guide its users to Solana when appropriate. Solana has been steadfast in its mission to make blockchain and DeFi accessible to everyone. ChatGPT plugin is expected to bring a significant impact that will simplify access to Solana’s blockchain.

Editor Notes: Artificial Intelligence and blockchain are two of the most exciting fields in tech today, and the ChatGPT Plugin is an innovative solution that has significant implications for both industries. The fact that Solana Labs is the first layer-1 chain to embrace AI technology is incredibly impressive, and it will undoubtedly drive innovation in the industry. Stay informed on the latest happenings in the world of blockchain and tech by visiting GPT News Room.

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