Cointime

Download App
iOS & Android

Solana Becomes First L1 Blockchain to Adopt AI, But Launch Fails to Uplift SOL's Losing Streak

Solana has become the first L1 blockchain to integrate artificial intelligence (AI) through the newly launched ChatGPT plugin. This marks a significant moment in the convergence of AI and blockchain technology. However, the launch did not have a positive impact on the native token SOL, which continued its losing streak. Despite this, Solana remains the busiest blockchain in the ecosystem, processing over 21 million transactions in the last 24 hours. Additionally, the Solana Foundation has increased funding for its AI-focused grants program from $1 million to $10 million to encourage developers to unlock new possibilities of Solana blockchain and AI convergence.

Comments

All Comments

Recommended for you

  • HashKey Group will launch the platform currency HSK in Q3 2024

    HashKey Group announced that the HashKey platform coin HSK will be listed in Q3 2024. HSK will be used for all core applications in the HashKey ecosystem and continuously expand external community co-construction. Before the listing, HSK will launch a community airdrop to reward ecosystem participants.
  • ChatGPT suffered another major failure two weeks later

    On June 17th at 2:00 PM EST (June 18th at 2:00 AM Beijing Time), users reported a malfunction with OpenAI's ChatGPT on DownDetector. OpenAI quickly confirmed the issue with ChatGPT and updated their status bar at 2:39 PM, stating that they were investigating the high failure rate of ChatGPT. According to reports, mobile and web versions of ChatGPT in the US and the UK were intermittently unable to respond to user queries, either for several minutes or not at all, and displayed various errors (answers). As of 5:00 PM, OpenAI updated their status bar to indicate that all systems were operational, and DownDetector showed a decrease in error reports for OpenAI. ChatGPT 3.5 and ChatGPT 4o are able to generate answers that include images.
  • Linea mainnet has bridged 652,800 ETH

    According to Dune data, the Linea mainnet has bridged 652,831 ETH with a total of 1,133,781 transactions and 515,818 interacting addresses.
  • Vitalik Buterin endorses TiTok AI for onchain image storage

    TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.
  • Why is Solana (SOL) price down today?

    Top catalysts driving the SOL price lower include weakness in the SOL/ETH pair and stagnant inflows into the Solana ecosystem.
  • ZK Nation: Airdrop collection will start on June 17, and we are preparing a more systematic way to handle feedback for the community

    ZK Nation stated that airdrop distribution is extremely challenging. Complex airdrop factories operate millions of robots whose behavior patterns are indistinguishable from humans. This renders traditional activity-based airdrops useless for establishing resilient and sustainable communities.
  • The digital collection platform that refuted the rumor and ran away was collectively complained, and the price of the collection dropped from 199 yuan to 9 yuan

    A screenshot of a digital collection platform called "extremely arrogant" by netizens announcing its "runaway" has been circulating online recently. The announcement is signed by the Shenlong Shucang operating team of the digital collection platform, which loudly declares, "We're running away! There's no feast that doesn't end. This feast is only left with a mess on the ground. Smart people have already eaten enough and left the table. But you don't want to leave and instead keep tapping your bowl with chopsticks. What you'll get is a huge bill for buying into this feast." Subsequently, Shenlong Shucang released a statement denying the rumor of the platform's runaway on its app. However, complaints about the platform's suspected fundraising and false advertising have been constantly emerging. Recently, several consumers revealed that Shenlong Shucang used the joint development of digital collections with the Xi'an Ming and Qing Shadow Puppet Art Museum as "endorsement," and earned nearly 3 million yuan in one day. But after attracting consumers to buy in, they changed the creators. Moreover, the digital collections purchased by consumers on the platform quickly plummeted in price within a few days. "I only realized after buying the collection that all the prices were falling. Some items had dropped from 199 yuan to 9 yuan," the consumer said.
  • Blast announces the final distribution details of "Gold Points"

    On June 13th, Blast announced the distribution details of the fifth "Blast Gold" allocation, which is the last allocation before the airdrop on June 26th.
  • Curve founder holds 111.87 million CRV collateral and $20.6 million in debt on 4 platforms

    According to Lookonchain monitoring, Curve founder Michael Egorov is being liquidated. Michael currently holds 111.87 million CRV (worth 33.87 million US dollars) collateral and 20.6 million US dollars in debt on four platforms. According to market data, CRV is currently trading at 0.2489 US dollars, down 30.8% in 24 hours.
  • Holdstation, an account abstraction wallet on ZKSync, completes strategic round of financing, with participation from SNZ Capital and others

    Holdstation, an abstract wallet on ZKSync, announced the completion of its strategic financing round. The specific amount of financing has not been disclosed, but SNZ Capital, Summer Ventures, and EVG Ventures participated. The new funds will drive the integration of Holdstation with artificial intelligence, promoting the development of its intelligent wallet.