$FXS
Frax Finance announces it is collaborating with the related project IQ to develop an AI technology stack.
1. Collaboration to develop AI technology stack: The decentralized stablecoin protocol Frax Finance announces that it is working with the associated project IQ to develop a set of AI technology stack called "AIVM."
2. Features of the technology stack: The "AIVM" technology stack is a parallel blockchain developed internally within the project Layer2 rollup protocol Fraxtal, utilizing a new inference proof consensus system. The inference proof mechanism uses artificial intelligence and machine learning models to validate transactions on the blockchain network.
3. Autonomy of AI agents: Frax claims that the AI technology stack will enable AI agents to achieve full autonomy, without a single point of control, ultimately aiding in a more seamless collaboration between AI and blockchain.
4. Technology stack and Frax's vision: The upcoming technology stack is part of Frax's new Frax Universal Interface (FUI) proposed in its 2025 vision roadmap, which includes strategies to become a decentralized central bank for cryptocurrency. Other updates in the roadmap include a rebranding of its FRAX stablecoin and a network upgrade through a hard fork.
5. Perspective of IQ's CTO: IQ's Chief Technology Officer Cesar Rodriguez stated that, due to this joint venture, launching tokenized AI agents with IQ ATP on Fraxtal's AIVM will differ from any other release platform, sovereignty, and on-chain [AI] for cryptocurrency and artificial intelligence, marking a moment where token holders possess agents from 0 to 1.
