Frax is developing a tech stack for AI agents on blockchain
Quick Take Frax Finance is developing a tech stack focusing on AI agents. The AIVM tech stack is part of Frax Finance’s broader 2025 roadmap, which includes token rebrands.
Decentralized stablecoin protocol Frax Finance is developing an AI tech stack in partnership with the associated project IQ.
The “AIVM” tech stack, developed as a parallelized blockchain within the project’s Layer 2 rollup Fraxtal, utilizes a new proof-of-inference consensus system. The proof-of-inference mechanism leverages AI and machine learning models to validate transactions on a blockchain network.
Frax claims the AI tech stack will allow AI agents to become fully autonomous with no single point of control and ultimately help AI and blockchain collaborate more seamlessly.
“Launching tokenized AI agents with IQ ATP on Fraxtal’s AIVM will be unlike any other launch platform thanks to this joint venture,” said Cesar Rodriguez, CTO at IQ. “Sovereign, on-chain [AI] agents that are owned by token holders is a 0 to 1 moment for crypto and AI.”
The upcoming tech stack is part of Frax’s new Frax Universal Interface (FUI) in its 2025 Vision Roadmap, which contains strategies to become the decentralized central bank of crypto. Other updates in the roadmap include rebranding its FRAX stablecoin and upgrading its network via a hard fork.
“Our 2025 Vision Roadmap is a bold step toward creating the infrastructure that makes DeFi intuitive, accessible, and scalable for the next billion users entering crypto,” Frax Finance founder Sam Kazemian said.
Last year, Frax Finance introduced its Layer 2 blockchain, Fraxtal, which incorporates decentralized sequencers that order transactions into batches in a roll-up network. It also rewards block space incentives to users who spend gas and interact with smart contracts on the network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Is the Ethereum Price Crash Over? Here’s Where Its Headed Next
ETH's strong bounce from its 200DMA and potential Doji candle formation suggest the worst of the downside could be over.
Crypto Crash Hits Cardano Hard – Can ADA Hold $1 and Start 2025 Strong?
At intra-day lows, ADA had dumped over 40% since its recent highs. But the worst might already be over, and 2025 could bring new highs.
If the Bitcoin Reserve Bill is passed, it may bring an end to the cryptocurrency's four-year boom-bust cycle.
Bitcoin's price trend will no longer be as influenced by internal mechanisms such as halving, but rather more affected by external factors such as institutional adoption and geopolitical events.