KEY ($0.00) TAKEAWAYS
- Kite AI launches the first foundational AI Layer 1 on the Avalanche blockchain, enhancing AI and blockchain integration.
- The new Proof of Attributed Intelligence consensus mechanism ensures fair AI contribution attribution, promoting decentralization.
- Kite AI’s Programmable AI Value Chain enables modular AI ecosystems, addressing blockchain scalability and processing limitations.
- This development strengthens Avalanche’s position in AI-driven Web3 innovation, supported by a team with expertise from leading tech companies.
Kite AI, a prominent provider of decentralized AI infrastructure, has announced the launch of the first foundational AI Layer 1 (L1) on the Avalanche blockchain. This development aims to bridge advanced AI technology with Avalanche’s high-performance infrastructure, potentially transforming how developers and institutions engage with blockchain AI development. The announcement was made here.
Kite AI is designed as a sovereign L1 to enable AI tools to thrive within a decentralized ecosystem. Unlike traditional blockchains, it promotes equitable collaboration by providing a transparent, secure, and fair coordination layer. This approach aims to shift AI development from a centralized, siloed effort into a global, collaborative movement, driving innovation across data, models, and agents.
Innovative Consensus Mechanism and AI Integration
One of the key features of Kite AI is its Proof of Attributed Intelligence (PoAI), a new consensus mechanism that ensures fair attribution of AI contributions. This mechanism eliminates centralized exploitation while maintaining decentralization and security. By leveraging Avalanche’s scalable infrastructure, Kite AI can efficiently handle large-scale data and computations, supporting effective AI integration.
Kite AI’s Programmable AI Value Chain allows developers to create modular AI ecosystems with tailored incentives for contributors, including data providers, model builders, and agents. This feature addresses common blockchain limitations such as slow processing speeds and limited scalability, which often hinder AI workloads.
Advancing Web3 Innovation
The integration of Kite AI marks a significant step for Avalanche, showcasing the potential of AI and blockchain collaboration in advancing Web3 innovation. By automating complex AI workloads and enhancing blockchain intelligence, Kite AI strengthens Avalanche’s position in the AI-driven ecosystem.
Chi, CEO of Kite AI, stated, “We’re proud to bring the first purpose-built Layer 1 for AI to Avalanche. Our testnet launch not only advances blockchain AI innovations but also introduces the next generation of AI-driven infrastructure for Web3 builders.”
Kite AI’s founding team, which includes members with deep AI expertise from companies like Uber, Salesforce, and Databricks, is part of the Avalanche InfraBuidl(AI) Program’s selection committee. This involvement further establishes Avalanche as a leader in AI blockchain development.
Why This Matters: Impact, Industry Trends & Expert Insights
The launch of Kite AI’s foundational AI Layer 1 on the Avalanche blockchain represents a significant advancement in the integration of AI and blockchain technologies, aiming to enhance decentralized AI infrastructure.
Recent industry reports indicate the integration of AI and blockchain continues to be a significant trend in the cryptocurrency landscape. This convergence is expected to drive substantial growth in AI tokens, fueled by innovative applications and increasing market adoption. This aligns with Kite AI’s development on Avalanche, which aims to bridge advanced AI technology with blockchain infrastructure.
According to a report by The Fast Mode, Layer-1 blockchains are expected to play a significant role in Web3 development by addressing scalability, security, and accessibility challenges. This supports Kite AI’s initiative to enhance AI blockchain development through its unique consensus mechanism and scalable infrastructure.
Explore More News:
- Aethir and Lyn AI Collaborate to Revolutionize Video Production with Decentralized AI Technology
- Bybit to List Avalon Token (AVL) with Special Events and Prize Pools
- Spore.fun Advances AI-FI Governance with FHE-Powered Blind Voting
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
The post Kite AI Launches First AI Layer 1 on Avalanche, Enhancing Blockchain AI Development appeared first on CoinsHolder.