South Korean Internet Company Naver Introduces AI Robots for Blockchain Functions
Naver, a South Korean internet company, has developed artificial intelligence (AI) robots that can perform tasks typically associated with crypto trading and blockchain functions. These robots rely on a 5G cloud connection to navigate through security gates and lifts.
Naver Highlights the Commercial Potential of its Bots
Naver leverages its cloud service, e-commerce business, search engine, and social networking platforms to support the functionality of its robots. The technology used by Naver’s robots is considered unique and requires seamless cooperation with various affiliates.
Naver’s principal researcher, Albert Wang, expressed confidence in the commercial viability of the AI technology, stating that they have a diverse portfolio of technologies that can cover multiple use cases.
Nansen Predicts a Boom in AI Crypto Trading
Nansen, a blockchain analytics firm, predicts that AI agents will become primary participants in blockchain transactions by 2024. However, US Treasury Secretary Janet Yellen and SEC Chairman Gary Gensler have raised concerns about the risks associated with AI in financial markets.
AI agents can perform transactions, hold assets, and facilitate value exchange. Implementing cryptographic methods like Merkle Trees and zero-knowledge proofs can help distinguish between human and AI interactions. The SEC may impose regulations on AI performing brokerage and trading services without a license.
Hot Take: The Rise of AI Robots in Crypto Trading
The introduction of AI robots by Naver marks a significant development in the integration of artificial intelligence with blockchain functions. While there are concerns about the potential risks and regulatory challenges associated with AI in financial markets, Naver remains confident in the commercial potential of its robots. As Nansen predicts a boom in AI crypto trading, it is evident that AI agents will play a substantial role in shaping the future of the crypto industry.
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