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Frax Finance has announced that it is collaborating with related project IQ to develop an AI technology stack

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2024-12-12 06:28:48
Decentralized stablecoin protocol Frax Finance has announced that it is working with related project IQ to develop an AI technology stack. The "AIVM" technology stack was developed as a parallel blockchain in the project's Layer 2 upgrade Fraxtal, which employs a new proof-of-inference consensus system. The proof-of-inference mechanism utilizes artificial intelligence and machine learning models to validate transactions on a blockchain network.
Frax claims that the AI technology stack will enable artificial intelligence agents to become fully autonomous, without a single point of control, and ultimately help artificial intelligence and blockchain work together more seamlessly.
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