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- 1 Solana Labs has announced a new AI plugin.
- 2 Solana Labs’s new ChatGPT plugin is expected to make interaction with the blockchain easier for the users.
Solana blockchain is relatively new to the cryptoverse but it counts among the most popular smart-contract networks including Ethereum blockchain for the non-fungible token (NFT) and web3. Solana blockchain aims to achieve a high degree of scalability through its hybrid proof-of-history/proof-of-stake consensus through which the blockchain could facilitate a flourishing dApp ecosystem.
Recently, its developer Solana Labs announced that it has brought a ChatGPT plugin that will allow AI to fetch blockchain data for its users.
Solana Labs’ ChatGPT Plugin
Solana Labs has introduced an open-source reference implementation for a ChatGPT plugin. With the help of this plugin, users will be able to interact directly with the Solana network. On April 26, Solana Labs announced the ChatGPT plugin using which users will be “able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available.”
This ChatGPT plugin by Solana Labs is an innovative open-source reference implementation. It could be a game-changer and could improve user experience by bringing more accessibility to the Solana ecosystem.
Also, the Solana Foundation announced “a $1 Million fund for small-scale grants exploring the intersection of the Solana blockchain and AI.” As it has posted on Twitter, “the grants range from $5k to $25k.” Both old and new projects are eligible.
According to the Solana Foundation, the high throughput and scalability of Solana will provide “a unique opportunity to build brand new ideas with AI.” The grants are meant to enhance the Solana network to explore new use cases and novel technologies. To be eligible for a grant, the tool or app must be “publicly available for others to use, open-source when launched, and have source code available to the Foundation,” as per Solana Foundation.
Solana (SOL) Price Analysis
At press time, the price of Solana (SOL) is $21.60 with a 24-hour trading volume of $787.99 Million. SOL is down 2.04% in the last 24 hours. while year-to-date growth is almost more than 110%, according to the data sourced from Tradingview.
As shown in the above chart, the price of SOL is nearing its 100-day EMA. Meanwhile, if active bulls in the market show their dominance then the coin can reach its 50-day EMA soon. In the last 24h, SOL gave low at $20.57 while noted high at $22.92.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
