Changpeng “CZ” Zhao recently shared his thoughts on using AI tagging on-chain and its potential benefits for the crypto industry in a post on X.
On Nov. 27, the former Binance CEO stated that artificial-intelligence tagging could be well-suited for on-chain use, as it could help speed up the crypto payment process and eliminate unnecessary bias.
“AI tagging (or AI data in general) is well fitted to be done on-chain. Harness low cost labor globally without geographic bias, (micro) pay them in crypto instantly,” said CZ, adding that the Binance solution BNB (BNB) Greenfield already has the capacity for AI data integration.
“More tooling still needs to be built. Let’s build them,” he continues.
https://twitter.com/cz_binance/status/1861715172429090959
In a separate post, CZ responded to Zignaly Co-Founder Abdul Rafay Gadit’s question about recommended reading on AI and blockchain. CZ acknowledged that there is little literature on the topic, given its relative novelty.
“It’s so new that there isn’t much literature. I have been trying to learn by talking to founders and developers in the space,” said CZ.
In the past year, several AI-powered innovations have emerged in the crypto sphere. One notable example is Truth Terminal, an AI bot known for its obsession with internet memes. It inspired the creation of viral meme coins like GOAT (GOAT) and FARTCOIN. Both coins have seen their market caps soar to the hundred millions in a short amount of time.
Another example is Flavia, an AI-run token based on an artificial internet personality created by Trevor McFedries, co-founder and CEO of tech company Brud.
In terms of blockchain integration, Injective unveiled a new software development kit called iAgent. This tool enables users to create on-chain AI agents capable of natural language processing for payments and trades, as well as automating interactions with databases, APIs, and applications.
In his first public interview after being released from prison, CZ expressed his intention to use his time as a free man to explore emerging innovations in the crypto sphere, particularly artificial intelligence.
Read the full article here