The Mavrik-1 AI engine has been deployed on Hedera, with several other planned integrations expected during a public rollout later this year, Validation Cloud’s team told Cointelegraph. The AI engine is designed to allow users to interact with DeFi protocols and access blockchain data through natural language queries without needing technical expertise or knowledge. Mavrik-1 uses live onchain data trained for DeFi, stablecoins and other blockchain applications. Hedera DeFi metrics, including total value locked (TVL), decentralized exchange volume and stablecoin activity.
Source: DefiLlama“Despite DeFi accounting for over 50% of all onchain activity, accessing and interpreting that data remains a major hurdle for most users and institutions,” Validation Cloud told Cointelegraph, asserting that existing blockchain data tools like Dune, Flipside and Nansen are harder to grasp for users who aren’t well versed in the industry. Since at least 2023, blockchain companies have developed AI chatbots to assist developers and users.
Related: AI-generated content needs blockchain before trust in digital media collapsesAI’s growing utility in Web3With AI set to be a $15 trillion industry by 2030, more of its activity will migrate to the decentralized web as blockchains give users greater control over computing resources and databases, according to LeewayHertz, an AI development company.
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