Galxe Launches Galxe AI to Help Users Navigate Web3 Projects
In an effort to enhance its loyalty platform, Galxe, a crypto community, has announced the launch of Galxe AI. This interactive assistant aims to assist users in navigating the complex world of Web3 projects. Galxe CEO Charles Wayn stated that the platform provides an infrastructure for brands to easily launch their loyalty programs and growth campaigns, allowing users to engage with these brands.
Galxe has partnered with AI developer Alva to integrate OpenAI’s GPT-3.5 turbo into the Galxe platform. This integration enables users to ask the chatbot questions about various projects and NFT collections supported by the network. The launch of Galxe AI is scheduled for December.
The Benefits of Galxe AI
Galxe AI utilizes generative AI technology, which simplifies the process of sorting through large and complex datasets. These AI assistants can provide explanations on technical topics such as blockchain and guide users on creating smart contracts.
The Galxe credential data network serves as the underlying infrastructure for the platform. It allows projects to create curated lists and verify if users hold credentials in loyalty programs. With Galxe AI, businesses can conveniently connect and expand their services to crypto investors and professionals.
AI’s Role in the Crypto Industry
Evan Cheng, CEO of Mysten Labs, predicted that investor money would shift from blockchain applications to AI due to its broader use cases. The adoption of generative AI by crypto companies, including Galxe, signifies a change in direction towards utilizing AI technology.
Other blockchain companies are also leveraging AI for various purposes. LunarCrush uses machine learning and AI for sentiment analysis of social media posts related to cryptocurrencies. Cube3 combines AI with cybersecurity and cloud engineering to build machine learning models for Web3.
Hot Take: The Future of Crypto and AI
The integration of AI in the crypto industry is a significant development. It allows for more efficient data analysis, improved user experiences, and enhanced security measures. As the industry continues to evolve, we can expect further advancements in the intersection of crypto and AI technologies, leading to innovative solutions and increased adoption.
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