Frax Finance announces that it is collaborating with the related project IQ to develop an AI technology stack
On December 12, the hybrid algorithm stablecoin protocol Frax Finance announced that it is collaborating with the related project IQ to develop an AI technology stack. The "AIVM" technology stack is developed as a part of the second layer upgrade in the project Fraxtal using a new inference proof consensus system. This inference proof mechanism uses artificial intelligence and machine learning models to verify transactions on the blockchain network. Frax claims that this AI tech stack will make AI agents fully autonomous without any single point control, ultimately aiding in more seamless cooperation between AI and blockchain.
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