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- The plugin is designed to enhance the interactions between ChatGPT and the Solana blockchain.
- Solana Foundation supports initiatives that merge blockchain and AI with a funding pool of $1 million.
Solana Labs, the developers behind Solana, have enabled the integration of OpenAI’s ChatGPT chatbot with the Ethereum scaling network via an open-source plugin. This launch primarily allows users to access Solana-related data “directly from ChatGPT,” according to the announcement.
The company made the plugin’s source code available on GitHub on Monday, inviting developers to experiment with and contribute to it. The teams indicated that this would be implemented as an “unverified plugin.” Currently, there is no official information regarding the public release of this plugin for all users.
With this new plugin, users can obtain information on account balances, NFT ID details, and the NFTs associated with specific Solana addresses. This release is particularly aimed at facilitating the transfer of crypto tokens and significantly enhancing the purchase of NFTs through the OpenAI-driven chatbot.
The integration of blockchain technology and artificial intelligence (AI) appears to be a key focus in the technology landscape. Clearly, Microsoft-backed OpenAI’s ChatGPT has set the groundwork. Various crypto organizations are actively stepping forward to promote this advancement.
On Monday, Binance, the largest cryptocurrency exchange, introduced Sensei, its new AI Web3 mentor, to improve how users learn about the crypto landscape. Likewise, the crypto trading platform FalconX launched a ChatGPT-powered crypto bot named “Satoshi.”
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According to a tweet on April 25, Solana Foundation has allocated a $1 million fund to foster the development of projects that leverage the advantages of both blockchain and AI.
Solana Exhibiting Optimism Amid Developments?
In the wake of this announcement, Solana experienced an uptick in trend and market sentiment. Notably, it secured a position on Twitter’s trending list with 57.7K tweets. Concurrently, the price of Solana (SOL) increased by 4.8% in the past 24 hours, trading at $22.03 at the time of reporting. Over 392.8 million SOL had a market valuation of $8.65 billion. Data from TradingView indicates that SOL has entered a bullish phase by surpassing the 50-day moving average (50 EMA).
Conversely, the NFT sales volume within the Solana ecosystem surged by over 118% since the previous week. Solana continues to compete with Ethereum and maintain dominance over other significant rivals – Polygon and Cardano.
On April 22, the sales volume reached a new peak for 2023 at $9.96 million, driven by the well-known NFT collection Mad Lads. This Solana NFT collection saw a remarkable 42.17% increase in sales over the last 24 hours, outperforming Ethereum’s popular Bored Ape Yacht Club. Within three days, from April 19 to April 22, the Solana NFT ecosystem recorded a surge of over 515% from $1.62 million to $9.96 million.
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