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Frax Develops AI Agent Tech Stack on Blockchain

By admin On Dec 14, 2024

Anna Martynova

Decentralized stablecoin protocol Frax Finance is developing an AI tech stack in partnership with its related project IQ. Developed as a parallel blockchain within the Fraxtal Layer 2 project, the “AIVM” tech stack uses a new proof-of-output consensus system. The proof-of-inference mechanism uses AI and machine learning models to verify transactions on the blockchain network.

Frax claims that the AI tech stack will allow AI agents to become fully autonomous without a single point of control, and will ultimately help AI and blockchain interact seamlessly. The upcoming tech stack is part of the new Frax Universal Interface (FUI) in its Vision 2025 roadmap, which outlines strategies to become a decentralized central crypto bank. Other updates in the roadmap include a rebranding of the FRAX stablecoin and a network upgrade via a hard fork.

Last year, Frax Finance introduced its second-layer blockchain, Fraxtal, which includes decentralized sequencers that order transactions. It also rewards users who spend gas and interact with smart contracts on the network with incentives in the form of block space.

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